Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe—even as it prepared for an imminent strategic partnership with Germ…
South Korea said Monday it will fine German automaker BMW 11.2 billion won ($10 million) for allegedly dragging its feet in recalling cars with faulty engines linked to dozens of engine fires.
General Motors’ planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for “putting America on wheels,” but the closure and job losses are not expected to stall-out Detroit’s comeback since its 2014…
Tokyo prosecutors have decided to indict Nissan as well as its former chairman Carlos Ghosn and another executive as early as next week over alleged financial misconduct, a report said Friday.
Early this year in Las Vegas at the Consumer Electronics Show, Toyota unveiled a hard-to-define self-driving concept vehicle, alongside a slate of high-profile companies that included Amazon, Pizza Hut, Uber and Chinese ride-hailing app DiDi as partners.
In a massive restructuring, US auto giant General Motors announced Monday it would cut 15 percent of its workforce to save $6 billion and adapt to “changing market conditions.”
In a renovated old cash register factory in suburban Detroit, 300 engineers are toiling away on an all-electric pickup truck and an SUV that they hope can take on Tesla.
When Carlos Ghosn began laying the groundwork nearly two decades ago for a partnership between Renault and Nissan, he was careful not to call it a merger, hoping to avoid any resentment over rescuing one of Japan’s storied carmakers.
Nissan and Mitsubishi shares plunged Tuesday, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct.
Fiat Chrysler Automobiles said Tuesday its third-quarter profits dropped nearly 40 percent due to a one-off charge to cover possible payments in a U.S. diesel probe involving SUVs and light-duty pickups.
A German court released Tuesday former Audi chief executive Rupert Stadler after months in custody but he remains under suspicion in connection with parent group Volkswagen’s role in the “dieselgate” emissions cheating scandal.
German car giant Volkswagen reported soaring profits Thursday for a third quarter free of massive payouts for diesel emissions cheating but the results were still weighed down by new pollution tests.
German car giant Daimler reported Thursday a slump in third-quarter profits, confirming a weaker 2018 outlook as it suffered lower sales and shouldered costs for refits to polluting diesel cars.
Electric car maker Tesla on Wednesday reported an “historic” quarterly profit driven by demand for its mass market Model 3, as the company looks beyond its US home base to Europe and China.
Hyundai Motor reported a 67 percent plunge in third-quarter net profit from the previous year after overseas sales slowed and currency swings hurt its bottom line in emerging markets.