Mitsubishi's profit plunged 94 percent in the latest fiscal year, hit by falling vehicle sales, foreign exchange losses and the costs of a fuel economy scandal. CEO Osamu Masuko pledged a recovery, aided by Nissan.
New Zealand's Motor Industry Association (MIA) said April's record sales of 10,635 vehicles was again above market expectations.
VW brand is confident that it can become the global No. 1 seller of EVs, leaving Tesla behind as it relies on its strength in China and scale to offer mass-market battery powered vehicles at a lower price than the U.S. company's upcoming Model 3.
Continental has slightly raised its full-year sales guidance and expects business to stay strong in the second quarter despite further rising material costs.
Subaru's profit fell 27 percent in the just-ended fiscal year on foreign exchange losses and spiraling costs despite higher vehicle sales in its key North American market.
Renault CEO Carlos Ghosn sees the embrace of globalization by French president-elect Emmanuel Macron as sign of faster growth for the country's economy. Macron won a significant victory over anti-EU politician Marine Le Pen in Sunday's election.
Renault CEO Carlos Ghosn sees the embrace of globalization by France's president-elect Emmanuel Macron as sign of faster growth for the country's economy. Macron won a significant victory over anti-EU politician Marine Le Pen in Sunday's election.
Nissan realigned its top U.S. sales management to channel more decision-making authority to eight geographic regions, and drive additional market share gains.
Former UAW President Bob King said he supports President Trump's bid to renegotiate NAFTA as long as it puts workers first.
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The man who drove the Jeep that struck several people in last week's deadly Massachusetts auction crash had a suspended driver's license, according to local reports.
Instead of having on-hold callers listen to a single repetitious message or the sound of silence, a UK dealership has found a way to put the time to good use.
While time spent sitting in traffic can feel tedious, it could fly by in a robo-car as you focus on other things, productive or otherwise. Continuing just-auto/QUBE's series of research snapshots, this one takes a sideways look at the autonomous car.
Shopping site Autotrader launched a tie-in campaign with the animated Disney-Pixar film "Cars 3." The 30-second ad highlights Autotrader's search tool.
Several German and European companies - including a major automaker - have announced their intention to cooperate more closely to establish a joint, pan-industry platform for online registration, e-identity and data services.
Mexico's auto exports rose 16 percent in April compared with the same month a year earlier, and output was up 3.2 percent.
Russian vehicle producer, UAZ says it is aiming to export around 30% of its production as companies look to take advantage of a relatively weak exchange rate.
Investor David Einhorn has two of the most frustrating trades in the market: a long position in General Motors and a short against Tesla.
News
8 May, 2017
Danish manufacturer Agile Automotive is developing two new models for the light sports car market