Auto News 5

Toyota is pulling the plug on Scion, the funky upstart brand it launched in 2002 to appeal to the finicky younger buyers it was struggling to connect with on its own.

Profit, profit, almost everywhere, except Europe and South America, pretty much sums up General Motors fourth quarter and 2015 financial results out today. Although it continued to reduce losses in the fourth quarter, GM failed to match arch-rival Ford which, finally, booked a pre-tax profit in the region last year and, ominously, announced more cuts just today. Like Ford, GM also booked a loss in basket-case South America but nonetheless booked a record profit across the board for 2015.

Automakers won their fight for a diluted EU plan for testing NOx emissions of cars under real-driving conditions.

GM posted pretax operating profit of $10.8 billion for 2015 -- including $2.8 billion in the fourth quarter -- as executives sought to reassure skeptical investors that there is plenty of profit potential remaining in the key U.S. and China markets.

Opinion 3 Feb, 2016

Bosses say the British car industry needs more apprentices, despite a career in the business being rewarding and fun, says Steve Fowler

GM said it plans to build and sell its first compact sedan in India in 2017, entering the country's fastest-growing passenger car segment as part of efforts to double market share by the end of the decade.

Toyota has confirmed reports from earlier today that, after nearly 13 years, it will drop its Scion brand in the US market and 'transition to Toyota'.

Chancellor Angela Merkel's government is pushing for an agreement within the next month together with German automakers to boost electric car sales in the country as demand for EVs fails to take off in the market.

Winter Storm Jonas brought heavy snow and extra cold temperatures to a large areas of the US, prompting car buyers to defer trips to dealer showrooms.

Volvo sales rose 9 percent in January as deliveries of the automaker's flagship XC90 SUV helped the automaker to achieve double-digit growth in China and the U.S.

Ford in Europe is to offer employees a "voluntary separation program" as it looks to save around US$200m a year in administrative and selling costs.

News 3 Feb, 2016

Ford announces plans to streamline its core range and compete more in high-profit vehicle sectors, with more SUVS planned

Car names falling flat unexpectedly in certain markets are the stuff of legend but Tata Motors, parent of Britain's Jaguar Land Rover, has been caught due to a growing medical crisis not of its own making - a name it chose for a new model made perfect sense until now.

News 3 Feb, 2016

Our exclusive image shows how the practical Renault Megane estate is set for a dramatic look

Ford plans to cut white collar jobs in Europe to help lift its weak profitability in the region. Ford also said it plans to reduce its European manufacturing expenses by 7 percent.

Ford plans to cut white collar jobs in Europe to help lift its weak profitability in the region. Ford also said it plans to reduce its European manufacturing expenses by 7 percent.

VW, Skoda and Seat saw sales fall in Germany in January in a market where total registrations rose 3.3 percent. VW brand sales fell 8.6 percent in a sign that the automaker's diesel scandal may be deterring buyers.