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Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.

Subaru appoints sales specialist as its new global president

The maker of Subaru-brand cars has tapped a marketing and sales specialist to be the company's new president and lead global automotive operations in the post-quake era. Yasuyuki Yoshinaga, 57, is currently an executive vice president at Subaru's parent company, Fuji Heavy Industries Ltd. He takes the title of president and COO, pending approval at the company's annual shareholders' meeting on June 24, Fuji Heavy said May 10.

Nissan Design 50th Anniversary exhibition

As part of last year's celebrations for the 50th anniversary of Nissan Design, Nissan Motor Company held an exhibition entitled 'Passion & Imagination: Nissan Design 50th Anniversary & Future' at its two galleries in Ginza, downtown Tokyo from late July to mid-August. Both galleries were crowded with more than 48,000 visitors in total. The exhibition showcased the historical achievements of Nissan's design department over the last fifty years, as well as its future design vision.