Honda is introducing a new driver-assistive system, Honda SENSING, which will first be applied in the all-new Legend mid-size luxury car to go on sale in Japan before the end of this year, and then successively to more models in the future.
Daily Archives: October 25, 2014
US automaker Ford starts luxury Lincoln sales in China
US automaker Ford has launched its first vehicles under the luxury Lincoln brand in China, the company said, as it seeks to make inroads into a market dominated by German cars.
GM says state AGs probing subprime auto loan business
By Steve Goldstein
General Motors disclosed in a Securities and Exchange Commission filing that its GM Financial unit was served with additional investigative subpoenas from several state Attorney Generals.
Opel on track to achieve turnaround, GM says
General Motors says troubled Opel/Vauxhall unit is on track to achieve a turnaround despite headwinds from Russia.
GM said on Thursday that third-quarter losses at its European operations, which mainly comprise Opel and British sister brand Vauxhall, widened to $387 million from a $238 million loss in the previous year’s period. This was due largely to Russia, where the company booked $194 million in write-downs, and includes about $100 million in losses related to currency effects that likely reflected the drop in the value of the Russian ruble.
