Tesla Motors Inc, led by billionaire entrepreneur Elon Musk, posted better-than-expected fourth-quarter results on Wednesday.
Mitsubishi Motors Sales (China) Co will recall 235 imported ASX vehicles in China due to a potential safety hazard in the keyless operation system.
China's second-largest vehicle producer, Dongfeng Motor Corp, has purchased a 14.1 percent stake in French automaker PSA Peugeot Citroen for 800 million euros ($1.09 billion).
The long-awaited tie-up is widely seen as the end of era — the Peugeot family's dominance of one of France's largest and oldest companies.
Wanxiang's bid has been valued at approximately $149.2 million, representing $126.2 million in cash.
Applications for electric car plates reached 4,785 in February, data from Beijing Traffic Committee shows.
Italy's Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion).
Dongfeng Motor Group Co Ltd is to pay approximately $1.1 billion for a slice of Peugeot SA, the leading French carmaker, while the French government is expected to acquire equal shares.
Porsche has stopped deliveries of the most expensive version of its overhauled 911 sports car after two of them caught fire.
Automobile sector should be restructured, made more effective and its research and development capabilities need strengthening.
European car sales rose 5.2 percent in January, with increases in previously crisis-hit countries such as Greece, Ireland, Italy and Portugal.
French state would inject 800 million euros in PSA Peugeot Citroen leaving it with a 14 percent stake in the carmaker.
Sinomach Automobile Co announced that it has provided services to Tesla Motors to obtain China Compulsory Certification
Fiat has asked the Bank of Italy's permission to turn financing unit Fga Capital into a bank to cut funding costs.
Bentley opened 12 showrooms in the country in just four months in 2013. Total new showrooms around the world in the same period were only 14.
PSA Peugeot Citroen's founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng.
BMW said it would build the new MINI in the Netherlands from summer 2014 onward in a move to expand production capacity.
The demand for rental cars last year totaled 250,000 rentals and the market size reached 22 billion yuan ($3.6 billion).
Editor's note: Seizing the momentum built last year, major foreign automakers are continuing to expand in the country through increased investments in the development of independent brands and expanding capacity.
Beijing will offer 20,000 license plates for fully-electric cars through a separate lottery system in 2014.
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