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Honda Shows Supercharged CR-Z

Honda Shows Supercharged CR-Z

Honda fans attending this week’s SEMA Show in Las Vegas are in for a treat as the maker pulls the wraps of a series of concept vehicles that includes a supercharged version of the not-so-hot hatch CR-Z. Though the Japanese maker insists the show car is simply an...
Japanese Supplier Admits Price Fixing

Japanese Supplier Admits Price Fixing

A Japanese supplier has pled guilty in a probe by the U.S. Justice Department into price fixing in the auto industry, which continues to grow and has now snared nine different companies on three different regions of the world. Nagoya, Japan-based Tokai Rika Co. Ltd....
GM Net Income Down – But Earnings Up Before Taxes

GM Net Income Down – But Earnings Up Before Taxes

General Motors reports it earned $1.5 billion during the third quarter of 2012, a 14.5% decline in net profits, though the maker’s earnings before interest and taxes, or EBIT, rose nearly 5%. The maker’s latest quarter reflected a generally strong performance in a...
Ford Delivers $1.6 Bil Profit Despite European Slump

Ford Delivers $1.6 Bil Profit Despite European Slump

Despite a European slump likely to cost it more than $1.5 billion in red ink this year, Ford handily topped Wall Street forecasts with a $2.2 billion pre-tax operating profit and $1.63 billion in net earnings. The after-tax figure was a whisker short of the $1.65...
Scion Unveils Three FR-S Concepts for SEMA

Scion Unveils Three FR-S Concepts for SEMA

The hot new Scion FR-S will be putting in a turn at this week’s upcoming SEMA Show, Toyota’s youthful brand unveiling three tuner editions that just might hint of things to come. Scion took a little different approach to prepare for the annual aftermarket show – which...
GM Gains Ground on Imports

GM Gains Ground on Imports

Can General Motors close the quality gap?  The maker has long lagged key Asian rivals like Toyota and Honda, but a new study suggests it is rapidly gaining on the imports.  GM was the only member of the Detroit Big Three to improve its standing in the latest annual...
First Drive: 2013 Toyota Avalon

First Drive: 2013 Toyota Avalon

This story has been updated to include pricing and other information. For a brand long known for high quality but plain vanilla design, Toyota sent shock waves through the industry when it revealed an all-new version of the big Avalon sedan earlier this year.  The...
Sandy Taking Steam Out of Strong Oct. Sales

Sandy Taking Steam Out of Strong Oct. Sales

Hurricane Sandy is taking the steam out of what was on track to be a strong October for U.S. car sales. The still-massive storm shut dealerships across New England and the mid-Atlantic states, including major metropolitan areas such as New York, Washington D.C....