China to Surpass Europe’s Car Production

China will produce this year, for the first time, more cars than Europe, a situation that highlights the rise of Asian countries in the automotive sector, while the European auto industry still faces difficulties, writes Financial Times. Manufacturing...

GM: Less Than Three Years After Bankruptcy, Profit Above Expectations

General Motors (NYSE:GM) made in the first quarter a net profit of $1 billion, or 60 cents per share, more than analysts’ expectations but down from $3.15 billion, or $1.77 per share, in same period of last year, when it had an exceptional profit...

Ford CEO Received a Huge Bonus

U.S. group Ford awarded its Chief Executive Officer, Alan Mulally, shares worth 58.3 million dollars as a reward for bringing the automaker on profit in the last three years, after losses in the period 2006-2008, according to Bloomberg. Ford awarded the...

Ford Had in 2011 the Highest Profit Since 1998

U.S. group Ford reported a profit of $20.2 billion for last year, the highest since 1998 and over three times higher than the $6.56 billion in the previous year, following an exceptional gain of more than $12 billion in the fourth quarter. The exceptional...

Audi Surpassed Mercedes Sales in the Premium Segment

German brand Audi, part of Volkswagen, will finish 2011 ranked second in the top premium vehicle sales. Keeping the current trend and next year could take over the top spot from BMW. More than a month before the end of this year, Audi is already over...

General Motors and Chrysler Sales, Up

American car manufacturers sales climbed on the U.S. market in October, due to increased demand for cars and trucks. Sales of General Motors, the largest U.S. automaker, rose 2% last month, as the company has sold nearly 187,000 cars and trucks. But SUV...

Tom Cruise Caught With a German Supermodel

Superstar Tom Cruise was caught on the set of “Mission: Impossible – Ghost Protocol” – the fourth film of the famous series – driving the prototype BMW Vision EfficientDynamics, the concept car behind the future German supermodel,...

The Aircraft of the Future, Presented by Airbus

Airbus presented yesterday in London, the plane that could revolutionize the air travel. Passengers who will travel by the plane made ​​of a transparent material will be able to see what happens outside during the flight. Moreover, from 10,000 feet...

The Only Road in the World Where Wearing Seatbelt Is Forbidden

There is a road in northern Europe where it’s illegal to wear your seatbelt and drive slower than 50 km/h. The 25 kilometers ice road that connects Estonia with the Hiiumaa Island is the only road in the world where is not recommended to wear a seatbelt,...

Consumer Credit Increased in January in US on Cars

In January the consumer credit increased for the fourth time in January as US households spent on motor cars, another evidence that economy was recovering. Federal Reserve in a statement disclosed that there was an increase in total credit by 5.01 billion...