Car ownership in the US is falling, a study by the University of Michigan Sustainable Worldwide Transportation department has confirmed.
GM's potential sale of its Opel/Vauxhall operations to PSA has led to fears that the automaker's two UK factories may be shuttered. GM builds the Astra compact car and light commercial vans in England.
The auto racer leading PSA, Carlos Tavares, is entering the passing lane. If Tavares succeeds in acquiring GM's Opel/Vauxhall operations, he would emerge from the shadow of the better-known Carlos in the car industry, Renault-Nissan CEO Carlos Ghosn.
PSA's proposal to buy Opel ran into a potential hurdle in Germany, with politicians and labor leaders vowing to protect jobs and the unit's manufacturing footprint in the country. However France voiced support for PSA's plan.
News
15 Feb, 2017
Jaguar announces updates for the 2018 model year, including new entry-level F-Pace and new Ingenium engines
British Police say all engines stolen from Jaguar Land Rover's (JLR) Solihull plant in the UK Midlands region have been recovered, with four men bailed to appear pending further enquiries.
There were just two world premieres at the 2017 Canadian International Auto show.
Tata Motors has reported a 96 percent fall in net profit for its third quarter, citing sharply lower earnings at its Jaguar Land Rover unit and losses in its domestic business.
News
15 Feb, 2017
Union boss demands Government guarantees for job security, as GM and PSA in "advanced discussions" over sale
PSA Peugeot Citroen has confirmed that it is in talks over the possible acquisition of General Motors' European business unit that operates under the Opel and Vauxhall brand names. Why might GM want to offload and why might PSA be interested?
Daimler has struck an agreement with workers at Mercedes's biggest transmission factory in Germany, under which work on electric vehicles will be based at the plant.
Daimler CEO Dieter Zetsche's total pay including bonuses dropped 21 percent to $8 million last year.
PSA Groupe is warning there is "no certainty" at this stage its potential acquisition of General Motors subsidiary, Opel, will go ahead.
PSA Groupe is confirming it is in talks with General Motors for the potential purchase of Opel.
GM and PSA said they are discussing a potential sale of Opel to PSA. GM had a deal to unload its money-losing European division in 2009 before backing out at the last minute, saying its prospects there had improved.
The European Commission approved German plans for an EV charging network. The plan will require that the electricity comes from renewable energy sources, with contracts awarded through an open tender process.
Daimler is investing a double-digit million-euro amount into AutoGravity, a smartphone-based U.S. vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services.