The Thai government this week formally agreed to incentivise two major investments in the country's automotive sector, worth a combined THB16.78bn (US$505m), after delays of almost a year.
China's Beijing Automotive Industry Corporation (BAIC) began production at its newly built car assembly plant in South Africa this week.
Mass sales of hydrogen powered vehicles were expected to start in South Korea next year after the government announced it would soon ease regulations on the production and transportation of the fuel.
Jaguar I-Pace taxi rides will be subsidized in Munich as part of a push to reduce air pollution.
Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.
Daimler unveiled a new corporate structure designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.
GM and FCA reported weak earnings, with both reining in profit forecasts for the year. That sparked sharp sell-offs of their stocks. Then it really got ugly when Ford posted its results.
Mercedes-Benz is to launch its A-Class Sedan at the end of 2018. The car also receives a world premiere at the Paris Show in October.
Former Renault chairman and French Prime Minister, Louis Schweitzer, says he cannot envisage Paris taking a contrary stance to that of the European Commission (EC) surrounding the future of diesel.
Operating losses in Nissan's European unit widened to $43 million in the automaker's fiscal first quarter. The company's vehicle sales in the region declined 13 percent.
Nissan reported a 29 percent decline in operating profit in the most recent quarter as foreign exchange rate losses and rising commodity costs combine with falling sales in the United States and Europe.
News
26 Jul, 2018
Mazda’s best selling car in Britain - the CX-5 - gets an automatic petrol and a more powerful diesel engine
Daimler-owned free-float carshare company car2go has officially launched in Chicago, marking the company's 25th global city. car2go says that Chicago is a city ideally suited for flexible one-way carshare.
Daimler and Baidu have signed a Memorandum of Understanding (MoU) to enhance and deepen their partnership through joint automated driving and connectivity projects, including further strengthening their collaboration through Baidu's Apollo open platform.
Daimler has said that China import tariffs on vehicles shipped from its US plant have dented its second quarter financial results.
PSA Group, the maker of Peugeot and Citroen cars, surpassed French archrival Renault in stock-market value for the first time in almost a decade after PSA unveiled record profitability Tuesday.
Valeo says its operating margin for this year "might be slightly below" that of 2017 (7.8% of sales) as emissions tests become stricter and as the French supplier posted first-half profit down 10% to EUR543m
Daimler's German work force will seek to defend local jobs if the luxury carmaker attempts to shift some production to the U.S. in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters.
Escalating trade tensions and Brexit are taking a toll on Jaguar Land Rover in the credit market, where the cost of insuring the company's bonds has more than doubled this year.
Ford has reported second quarter profit down on last year as it felt the effects of disruption at a key supplier to its F-150 pickup range in North America. It also said that it faced 'ongoing challenges' in China's market and cut its 2018 profit forecast.
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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