Korea: Hyundai Motor Company revealed its all-new Avante compact sedan, its best-selling model worldwide, a week before official sales begin in Korea. The exterior of the new Avante was unveiled at the Busan Motor Show in April. “Since the first-generation model was launched in 1990, the Avante reached cumulative sales of 6 million units worldwide [...]

TORRANCE, Calif.- Toyota Motor Sales (TMS), U.S.A., Inc., today announced that Lexus intends to conduct a voluntary safety recall of approximately 39,000 2003-2007 Model Year LX 470 vehicles to address a steering shaft condition. No other Toyota or Lexus vehicles are involved in this safety recall. This action follows an announcement made by Toyota Motor [...]

Mumbai, India: Toyota Kirloskar Motor conducted a unique Fortuner 4WD (four wheel drive) Boot Camp for the owners of India’s most successful SUV, the Toyota Fortuner. This exclusive off-roading experience was held at a specially designed course off the Mumbai-Pune Expressway, and included an introduction to 4 X 4 driving basics, eco-friendly practices and fuel-saving [...]

DETROIT – The resale value for the Cadillac CTS is projected to rise as the luxury brand adds the 2011 CTS Coupe to the line-up, according to the July/August estimates from ALG, an industry benchmark for residual values. The higher projections are driven by lower incentives, tighter controls on inventory and an emphasis on design, [...]

SAN JOSE, CA – Chevrolet dealers in launch markets will begin taking customer orders for the 2011 Chevrolet Volt, the industry’s first electric vehicle with extended-range capability. Chevrolet is so confident in the overall value of the Volt that the brand will offer a lease program on the Volt with a monthly payment as low [...]

Toyota City, Japan —Toyota Motor Corporation (TMC) announces its production, domestic sales and export results, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd., for June 2010. June 2010 Highlights (year-on-year) PRODUCTION IN JAPANToyota – Increase Daihatsu – Increase Hino – Increase Toyota + Daihatsu + Hino – Increase SALES IN JAPAN [...]

Australia – Toyota’s popular all-wheel-drive RAV4 wagon just became even better value with the special-edition RAV4 Altitude.   For a limited time, RAV4 Altitude has more than $1700 value but for only $500 more compared with the CV model on which it is based.* But you’ll have to be quick, with only 800 examples of [...]

Australia – Toyota’s eye-catching Rukus is attracting younger buyers to the brand – especially those in their 20s, 30s and 40s. Dealers have reported that around 55 per cent of Rukus customers are in these age groups. The trend to younger buyers is significant for an established brand like Toyota where customers in these age [...]

Malaysia – In its efforts to further strengthen its SUV line-up, Mitsubishi Motors Malaysia, the exclusive distributor of Mitsubishi Motors passenger cars in Malaysia officially introduced the upgraded version of Pajero Sport GS to the market recently. Upgraded Pajero Sport GS with roof rail Priced competitively at RM 161,531.80 (on the road without insurance), the [...]

INGOLSTADT, Germany – AUDI AG achieved clearly positive results in 2009, a year of worldwide crisis, and now its employees are benefiting: the company is thanking them for their efforts with a total bonus payment of 97 million euros – more than any of its competitors have paid. At the end of this month the [...]