US ride-hailing giant Uber is to pay more than 2.3 million euros to settle a Dutch criminal probe into the breach of local taxi laws, prosecutors said Friday.
Electric carmaker Tesla has won more than $520 million in loans from Chinese banks to build its first overseas car plant near Shanghai, the first foreign automaker to wholly own a factory in China.
Tesla is planning to unveil a new electric “crossover” vehicle March 14 which is slightly bigger and more expensive than its most affordable model, according to chief executive Elon Musk.
Tesla will only sell its electric cars online as it accelerates its cost cutting so it can realize its long-running goal of selling a mass-market sedan for $35,000.
Germany top court on Friday backed Volkswagen owners’ claims against the firm over cars rigged to cheat regulatory emissions tests, in an opinion that could guide lower courts’ rulings.
Crisis-hit Japanese automaker Nissan slashed its full-year forecast Tuesday as nine-month net profit dropped 45 percent in the first earnings report since the stunning arrest of former chairman Carlos Ghosn.
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.