Gasgoo.com (Shanghai April 28) - On the floor of Auto Shanghai 2011, Ford officially announced that it will bring over 15 new models to China by 2015, jfdaily.com reported today. The move marks the beginning of an important phase as the manufacturer increases its presence in Asia.

AFP (Tokyo) - Japan's Mitsubishi Motors said Wednesday net profit more than tripled for the year to March as the global market recovers and cost-cutting measures helped offset the yen's strength.