by Ben Klayman
U.S. safety regulators have opened a probe of an estimated 938,000 Ford Motor Co mid-sized sedans due to complaints about steering issues.
Fiat 500 not enough to revive core brand
While rivals rolled out new models and concept cars, Fiat had little to display at the Paris auto show besides the 500X in what is starting to look like a worrying trend for the carmaker’s namesake brand.Following the full takeover of U.S. unit Chrysler, the newly-named Fiat Chrysler Automobiles (FCA) has set out an ambitious growth plan focused on its upmarket Alfa Romeo, Maserati and Jeep brands.
Chevron sells 30% stake in Canadian Duvernay shale play to Kuwait Foreign Petroleum
Chevron Corporation’s indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached an agreement to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion.
UK new-car sales up 6%, best September for 10 years
New car registrations reached a 10-year high in September, fuelled by consumer confidence in the UK economy, the Society of Motor Manufacturers and Traders (SMMT) has said.
Sales rose to 425,861 last month, the 31st consecutive month of growth and the best September since 2004.
Aston Martin sees small recovery as 2013 loss shrinks by a third
Aston Martin’s pretax loss fell by a third in 2013 on the back of rising sales as the sports car maker said it had seen a small rebound in demand for high-end autos.
The company posted a pretax loss of £25.4 million (32.3 million euros) for 2013, down a third from the year earlier, on revenue up 13 percent to £519 million.
