foreign automakers

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Volvo's Electric Announcement Is an Industry First

Would be first carmaker to phase out cars powered by combustion engines

(Newser) - The heart of the auto industry keeps expanding outward from Detroit, the BBC notes: first west to Silicon Valley, thanks to Tesla, and now east to China, thanks to a major move from Volvo. The Swedish carmaker, owned by the Chinese firm Geely, is poised to become the world's... More »

Toyota Faces Massive Ad Buy to Rescue Brand

Recall leaves company's reputation in tatters

(Newser) - Toyota is going to have to shell out for the biggest and best ad campaign in its history to have any hope of bouncing back from the recall disaster, ad industry execs say. The company—which is losing an estimated $400 million a week while sales and production are suspended—... More »

700K Cars Sold Under Clunkers

(Newser) - The final numbers for the Cash for Clunkers are in, and they’re pretty rosy, the Los Angeles Times reports. Dealers had until yesterday to file for rebates, and the total was 690,114 new cars sold—and 690,114 clunkers traded in—for a total of $2.9 billion,... More »

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