VW Group leads Toyota in global sales after nine months, putting the Japanese automaker's four-year reign as the world's largest carmaker at risk. Toyota's worldwide deliveries rose 0.4 percent to 7.
Britain's decision to leave the EU may dent Toyota's competitiveness in the region, but the Japanese automaker did not see it as a trigger to shift production away from the country, Chief Competitive Officer Didier Leroy said.
News
27 Oct, 2016
"It's not Tesla versus Uber, it's the people versus Uber," says Musk, as he looks towards a new ride-sharing platform called Tesla Network
News
27 Oct, 2016
As car insurance costs rise by 10 per cent, the Association of British Insurers reveals what drivers pay for
Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal.
Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal.
VW Group said third-quarter operating profit at its core VW brand plunged more than half, adding weight to management calls for cutbacks at the automaker's biggest division.
A Spanish court ordered two VW Group subsidiaries to pay $5,458 to a buyer of an Audi Q5 with altered emissions software. The ruling could open the door to a wave of consumer lawsuits.
Volvo reported a 62 percent rise in third quarter earnings, driven by strong demand for new pricier models that have lifted both vehicle sales and profitability. The automaker raised its full-year profit outlook.
The new Opel/Vauxhall Insignia will be lighter and more spacious than the current car and will get a new name. The midsize model will be called the Insignia Grand Sport.
Daimler has begun construction of a second battery plant in Germany as the automaker invests heavily in electric vehicles ahead of the launch of its new EQ electric subbrand.
For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter.
Former General Motors Vice Chairman Bob Lutz, appearing on CNBC earlier today, blasted Tesla CEO Elon Musk -- and his followers. "Tesla supporters are like members of a religious cult," he told the business news network.
Audi of America is expanding its mobility services with a national corporate car-sharing fleet service it plans to roll out next year, the company said today.
Gestamp North America Inc. plans to invest $158.7 million into its Michigan operations. The subsidiary of Madrid, Spain-based Gestamp Automoción SL plans to expand its plants in Chelsea, Mich., and Mason, Mich.
Federal-Mogul the diversified auto supplier that billionaire investor Carl Icahn is aiming to take private, today said it posted $15 million in third-quarter net income, up from a $63 million loss a year earlier.
Ally Financial, one of the nation's largest auto lenders, reported lower net income in the third quarter, while net financing revenue inched up.
BMW is the first OEM to confirm that it will have a world premiere at the 2017 Detroit auto show.
BMW was the first OEM to confirm a world premiere for the 2017 Detroit auto show. Mercedes-Benz has now joined its rival with the news that the E-Class Coupé will also be making its public debut at the NAIAS.
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