Princess Diana’s sporty Ford Escort sells for $866,000

A sporty Ford Escort that was once Princess Diana's runabout sold at auction for 737,000 pounds ($866,000) on Aug. 27, a few days before the 25th anniversary of her death.

The modest car, with just 24,961 miles (40,000 km) on the clock, went under the hammer at Silverstone Auctions in Warwickshire in central England.

Toyota profit down as chips shortage keeps customers waiting

Toyota's profit fell nearly 18 percent in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan's top automaker.

Toyota Motor Corp. reported yesterday a quarterly profit of 736.8 billion yen ($5.5 billion), down from 897.8 billion yen the previous year.

Renault establishes new firm to enhance investments in Turkey

Renault Group, which has been operating in Turkey since 1968, has decided to establish a new company to enhance its investments in the country, according to a company statement released on Dec. 1.

Hakan Doğu, who is a member of Renault Group Corporate Management Committee, will lead Renault Group Otomotiv A.Ş. as the CEO, according to the statement.