Daimler said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
Daimler said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
As widely anticipated Ford has posted a lower quarterly profit in the third quarter as high commodity costs and poor performance in China dented the bottom line.
Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.
Poor results in China and other overseas markets contributed to a 37 percent drop in third-quarter net income for Ford, and the automaker backed off its goal of raising its global profit margin to 8 percent by 2020.
Ford's losses in Europe increased in the third quarter due to weakness in Turkey and Russia, and launch-related costs for the latest Focus compact car.
Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year. That increase in part reflected gains related to the sale of dealerships and tax benefits.
A German court ordered Porsche Holding SE to pay shareholders $53.8 million in compensation for violating disclosure rules over an emissions scandal at its main investment, Volkswagen.
PSA posted a nearly 8 percent increase in quarterly revenue, buoyed by its acquisition of Opel/Vauxhall as well as strong sales of pricier Peugeot models.
PSA posted a nearly 8 percent increase in quarterly revenue, buoyed by its acquisition of Opel-Vauxhall as well as strong sales of pricier Peugeot models.
GM's Cruise self-driving car unit has landed $5 billion in commitments from SoftBank and Honda to develop a robot taxi that can safely navigate city streets. But the plan is hitting speed bumps.
The Detroit 3 and Tesla were at the bottom half of Consumer Reports' 2018 Auto Reliability Survey. The top American brand in Consumer Reports' 2018 Auto Reliability Survey was Ford, and it finished 18th out of 29 marques.
Geely's Volvo Cars has acquired a stake in electric car charging company FreeWire Technologies via its recently established Tech Fund.
PSA has posted third-quarter revenue up 7.8% to EUR15.4bn (US$17.5bn), while year-to-date revenue rose 20.1% to EUR54bn.
Through Daimler Financial Services' investment in Soul Machines, a developer of emotional intelligence for use in machines and digital avatars, customers may be able to make their purchase and finance decisions with advice from an avatar.
Jaguar Land Rover has added both Apple CarPlay and Android Auto functionality as standard to the 2019 Jaguar I-Pace and also as an option on some other 2019 model year vehicles with the InControl Touch Pro and Touch Pro Duo infotainment.
The new factory aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles.
Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.
Ally Financial has axed its pilot of Clearmatch -- a digital service designed to approve customers for vehicle financing, connect them with participating dealerships and let them shop those dealerships' inventory in the platform -- just seven months...
As interest rates continue to climb, car buyers are taking notice. And many of them are objecting to rates offered by dealerships.
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
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