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Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

KTM's four-wheeled future

By Ben Purvis Motor Industry 25 February 2008 11:26 KTM's X-Bow track day car is just the start of a five-model line-up that will include Dakar and Le Mans endurance racers. Stefan Pierer, the youthful-looking 51 year-old CEO of KTM, has revealed to CAR how he intends to turn his company into the Austrian equivalent of Lotus. The unveiling of the production version of the Audi-engined, carbon-monocoque X-Bow at the Geneva Motor Show on March 4 2008 is exactly one year on from the first showing of the prototype.

Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.