VW Group has agreed to extend a 20-billion-euro ($21.2 billion) bank credit line, which is part of the automaker's efforts to maintain its financial strength while it counts the full cost of its emissions-cheating scandal.
VW brand said its new top model, the Arteon, will introduce its new "progressive" design language. The four-door, coupe-like car will be positioned above the Passat midsize sedan and will replace the Passat-based CC.
VW previewed a successor to the brand's aging CC sedan that a U.S. spokesman for the company says is 'under consideration' for the U.S.
Britain's Road Haulage Association (RHA) is cautiously welcoming the return of some operators to the Port of Calais in northern France following the demolition of the nearby migrant camp, but is warning drivers to continue their vigilance.
In the golden times, not so long ago, global automakers' subsidiaries operating in Brazil sent healthy profits back to the parent companies' coffers. Between 2006 and 2012 these even accounted for the bulk of profits some car makers made as their Brazilian units continued to perform well while those in other countries faced difficult, post-credit crunch times.
Eight of Europe's largest carmakers reportedly will miss carbon dioxide emissions targets due to come into force in 2021, leaving them facing the prospect of billions of euros in fines, a media report said.
BMW plans to boost its investments in startups, as competition intensifies with rivals over technologies that make cars smarter and more energy efficient.
Engine manufacturing in the UK is continuing to show growth according to data released by the SMMT.
Porsche and Audi are known as fierce competitors on the racetrack, but now the VW Group brands are also locked in a battle to develop and manufacture the next generation of electric cars.
Mitsubishi Motors Corporation (MMC) has announced changes to its executive roster including new board member nominations which include several top Nissan Motor executives.
News
28 Nov, 2016
Tesla boss Elon Musk says buyers of new Teslas will get first Enhanced Autopilot features in December
Automotive News Europe needs your help to identify the Rising Stars in the European automotive industry. The award honors executives with a pan-European profile who have driven change, fostered innovation and made courageous decisions.
Toyota is working to rebalance its U.S. portfolio and production to get its roughly 50-50 car-truck sales split more in line with a market that's running 60-40 in favor of light trucks.
The redesigned Mini Countryman has grown enough in size to compete in the compact crossover segment where it will take on both premium and volume players.
Volkswagen's global strategy pegs the U.S. as a critical market and production base, but recognizes that a full recovery there will be a long-term project at best.
AutoNation is getting into the auction business in a much bigger way with plans to open four AutoNation-branded auto auctions over the next two years, going to five sites from one now.
Last week, Automotive News Asia Editor Hans Greimel for three days joined the Argentina leg of Toyota's Five Continents Drive, the automaker's audacious seven-year gambit to reboot its mindset toward making better cars for a new era.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up