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Sep
26th

Cox forecasts US SAAR up, September down

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New vehicle sales pace (SAAR) in September is forecast by Cox Automotive to rise to 17.1m units, an improvement over August's 16.6m sales rate. This gain, however, may be slightly misleading. Total sales volume in September is forecast to decline nearly 60,000 units from last month (to 1.41m) and nearly 100,000 units compared to September 2017.
Sep
26th

The highs and lows of Zetsche’s 12-year tenure as Daimler chief

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Dieter Zetsche is stepping down as Daimler CEO, leaving the automaker a more focused company after the tumultuous efforts by his predecessor Juergen Schrempp to create a global auto giant.
Sep
26th

Volkswagen Arteon’s U.S. intro delayed until 2019 over emissions certification

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Volkswagen has delayed the U.S. introduction of its Arteon sedan by several months because of a backlog in gaining certification under a new worldwide emissions testing regimen.
Sep
26th

Ford says metals tariffs cost it $1bn

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Ford CEO Jim Hackett encouraged the Trump administration to resolve trade disputes quickly or it could do "more damage" to his company, which is already suffering losses from tariffs imposed by president Donald Trump.
Sep
26th

Daimler gets a quiet racecar-loving Swede as new CEO

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The spotlight on Ola Kaellenius is growing bigger with the 49-year-old's appointed to step into Dieter Zetsche's shoes as Daimler CEO.
Sep
26th

Daimler gets a quiet race car-loving Swede as new CEO

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The spotlight on Ola Kaellenius is growing bigger with the 49-year-old appointed to step into Dieter Zetsche's shoes as Daimler CEO.
Sep
26th

Canadian PM says he won’t be rushed on NAFTA, new deal not guaranteed

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Canadian Prime Minister Justin Trudeau indicated it was possible the three member nations might fail to conclude a new pact.
Sep
26th

Trump said to plan trade talks with Japan that will include cars

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President Donald Trump on Wednesday plans to announce a framework for bilateral trade talks with Japanese Prime Minister Shinzo Abe, three people familiar with the matter told Bloomberg.
Sep
26th

BMW appoints new purchasing chief amid reports of boardroom tension

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BMW's appointment of company veteran Andreas Wendt to head of the automaker's purchasing and supplier unit comes as reports say boardroom bickering has intensified amid slowing sales momentum and a lack of fresh EVs to challenge Tesla, Mercedes and...
Sep
26th

Skoda signs agreement for ‘urban mobility services’

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VW Group-owned Skoda, the city of Prague and the Faculty of Transportation Sciences at the Czech Technical University in Prague, say they will implement initiatives for sustainable urban mobility.
Sep
26th

Ford expands partnership talks with VW, Mahindra to cut costs

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A key part of Ford's plan to save money calls for deepening partnerships with other automakers around the world to share factory floor capacity and develop vehicles together, Ford executives told Reuters.
Sep
26th

Ford expands partnership talks with VW, Mahindra to cut costs

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A key part of Ford's plan to save money calls for deepening partnerships with other automakers around the world to share factory floor capacity and develop vehicles together, Ford executives told Reuters.
Sep
26th

How the Trump tax cut boosted CarMax profits

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Trump administration tax cuts helped boost CarMax' bottom line during the quarter ending Aug. 31. The retailer's gross profit increased 8 percent in the most recent quarter to $650.6 million.
Sep
26th

Softbank’s ARM unveils dedicated chip design for autonomous cars

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Driverless car features are moving closer to mass-market production, with British chip designer ARM introducing the first in a new line of safety-hardened processors for building features such as automated collision avoidance into vehicles.
Sep
26th

Ford CEO Jim Hackett says Trump’s metal tariffs have eaten $1 billion in profit

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Ford CEO Jim Hackett encouraged the Trump administration to resolve trade disputes quickly or it could do "more damage" to the company.
Sep
26th

New BMW 4 Series Convertible spied for the first time

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BMW 4 Series convertible spied front
News 26 Sep, 2018

All-new BMW 4 Series has been caught on camera for the first time, and it’s getting a folding fabric roof

Sep
26th

Renault plans Europe’s ‘biggest energy stationary storage system’

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Renault is announcing the launch of its "Advanced Battery Storage" program, which aims to build the biggest 'energy stationary storage system' using EV batteries designed in Europe by 2020.
Sep
26th

Warrern Buffett’s bet on China car industry rakes in $1.3 billion in a decade

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How has the king of buy-and-hold investment fared in China? Not bad, based on a bet Warren Buffett made a decade ago.
Sep
26th

BMW 4 Series Convertible spied for the first time – pictures

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Sep
26th

Tesla offers incentives, taps volunteers in end-of-quarter rush

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Tesla is offering incentives and tapping an army of brand-loving volunteers in a frantic push to boost sales and deliveries before the end of the quarter.
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