Toyota Motor announced this week it is recalling 340,000 electric-hybrid Prius passenger cars worldwide because of defects with the hand-brake/parking brake.
Borgward, a German brand that is being revived with Chinese backing, plans to open a factory in Germany to build 10,000 cars a year.
Borgward, a German brand that is being revived with Chinese backing, is returning to its former home with plans to open a factory in Bremen to build 10,000 electric cars a year.
Cyrus Mistry has hit back at his sudden removal as chairman of the board at Tata Sons this week. In an open letter to the board, he expresses his shock at the 'invalidity and illegality' of the move and says that the board 'has not covered itself in glory'.
VW Group leads Toyota in global sales after nine months, putting the Japanese automaker's four-year reign as the world's largest carmaker at risk. Toyota's worldwide deliveries rose 0.4 percent to 7.
Britain's decision to leave the EU may dent Toyota's competitiveness in the region, but the Japanese automaker did not see it as a trigger to shift production away from the country, Chief Competitive Officer Didier Leroy said.
News
27 Oct, 2016
"It's not Tesla versus Uber, it's the people versus Uber," says Musk, as he looks towards a new ride-sharing platform called Tesla Network
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27 Oct, 2016
As car insurance costs rise by 10 per cent, the Association of British Insurers reveals what drivers pay for
Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal.
Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal.
VW Group said third-quarter operating profit at its core VW brand plunged more than half, adding weight to management calls for cutbacks at the automaker's biggest division.
A Spanish court ordered two VW Group subsidiaries to pay $5,458 to a buyer of an Audi Q5 with altered emissions software. The ruling could open the door to a wave of consumer lawsuits.
Volvo reported a 62 percent rise in third quarter earnings, driven by strong demand for new pricier models that have lifted both vehicle sales and profitability. The automaker raised its full-year profit outlook.
Daimler has begun construction of a second battery plant in Germany as the automaker invests heavily in electric vehicles ahead of the launch of its new EQ electric subbrand.
The new Opel/Vauxhall Insignia will be lighter and more spacious than the current car and will get a new name. The midsize model will be called the Insignia Grand Sport.
For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter.
Former General Motors Vice Chairman Bob Lutz, appearing on CNBC earlier today, blasted Tesla CEO Elon Musk -- and his followers. "Tesla supporters are like members of a religious cult," he told the business news network.
Audi of America is expanding its mobility services with a national corporate car-sharing fleet service it plans to roll out next year, the company said today.
Gestamp North America Inc. plans to invest $158.7 million into its Michigan operations. The subsidiary of Madrid, Spain-based Gestamp Automoción SL plans to expand its plants in Chelsea, Mich., and Mason, Mich.
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