PSA Group CEO Carlos Tavares has turned the automaker around since taking the helm in 2014, managing to easily surpass goals he set himself in an original strategy.
McLaren, which has remained consistently profitable since it started making supercars in 2009, now plans to invest 1 billion pounds to boost annual sales to as many as 5,000, the automaker's boss, Mike Flewitt, told Automotive News Europe.
Italian supplier Magneti Marelli has opened its new China headquarters in Shanghai to support the growth of its local businesses.
Cooper-Standard Holdings posted net income of $30.6 million in the first quarter, a 46 percent rise driven by an acquisition and record revenue.
Customer deposits for the $35,000-and-up Model 3 sedan helped Tesla raise cash on hand during the first quarter of 2016 as it reported a wider net loss of $282 million. Revenue rose 22 percent to $1.1 billion.
After a record-breaking April for light-vehicle sales, the average fuel economy of those vehicles dipped slightly from March, a University of Michigan Transportation Research Institute report said.
In a few years, the color of a new vehicle could vary depending on where you're standing. That's according to supplier BASF Corp.'s automotive division, which today highlighted 65 striking colors here that it said could be on vehicles by 2020.
The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant.
Last year was a robust one for the auto-auction business, both in vehicles sold and prices paid. National Auto Auction Association member auctions sold 9.3 million vehicles in 2015, up 6.
Delphi has reported first quarter results that beat Wall Street analyst expectations as revenues grew 7% on strong vehicle production schedules in its major operating regions.
Two top manufacturing executives are leaving Tesla Motors, including the global head of production, at a time when the electric-car company is preparing to launch its most important car: the mass-production Model 3.
Nissan Motor has said it will recall 3.53m vehicles, most in the United States, due to passenger side air bags that may not work properly because vehicle sensors may fail.
British car manufacturing continued its strong growth in March with output increasing 9.8% to 159,074 units, according to the Society of Motor Manufacturers and Traders (SMMT).
Opinion
4 May, 2016
Steve Fowler's been in China, and has found himself impressed by the Far Eastern companies' products
News
4 May, 2016
Jaguar XF Sportbrake estate will be unveiled next year, and will be joined by extreme SVR version to rival the Audi RS6
Credit Acceptance Corp. received a subpoena from the Maryland attorney general regarding the subprime auto lender's repossession and sales policies.
Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.