Daimler became the first prominent company to cut its profit outlook due to escalating trade tensions between the U.S. and China. Analysts said other automakers may also reduce guidance on earnings.
Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, Reuters reported, citing people familiar with the matter.
Canadian Prime Minister Justin Trudeau said Wednesday he doubted whether U.S. President Donald Trump would carry out a threat to impose tariffs on light vehicles, given the economic damage such a move would cause.
Daimler said profit would fall in 2018 as new import tariffs on light vehicles exported from the United States to China would hurt sales of high-margin Mercedes-Benz SUVs.
Daimler said profit would fall in 2018 as new import tariffs on light vehicles exported from the United States to China would hurt sales of high-margin Mercedes-Benz SUVs.
The Trump administration risks spoiling the experience American auto shoppers have in showrooms by limiting options and making vehicles more expensive, Volvo Car Group's chief executive officer said.
The Trump administration risks spoiling the experience American auto shoppers have in showrooms by limiting options and making vehicles more expensive, Volvo Cars CEO Hakan Samuelsson said.
GM is expanding its ACDelco and Genuine GM Parts operations with a $65 million processing center. The project represents GM's largest outlay for a U.S. warehousing and logistics operation in nearly 40 years.
The subscription service is part of the growth strategy of parent company Prime Automotive Group, which joins a budding trend of retailers and automakers experimenting with such plans.
U.S. senators criticized Commerce Secretary Wilbur Ross for investigating possible trade action on auto imports along with the Trump administration's metals tariffs.
Billions of dollars will be lost by many automakers that continue to invest in autonomous and electric vehicles while consumer buy-in remains low, a study from consulting firm AlixPartners says.
Tesla sued a former employee for hacking its confidential and trade secret information, transferring several gigabytes to outsiders along with illicit photos of the production line.
German automakers would abandon car tariffs between the EU and the United States in exchange for President Trump dropping a 25 percent tax threat on European auto imports, according to a report.
German automakers would abandon car tariffs between the EU and the United States in exchange for President Trump dropping a 25 percent tax threat on European auto imports, according to a report.
Geely's Volvo Cars launched its S60 mid-size premium sports saloon as it inaugurated its first US manufacturing plant in Charleston, South Carolina. It's also the first Volvo model line in years not to offer diesel engines.
GM Financial stopped reporting customer payment information to the credit bureaus after problems following a systemwide technology upgrade, and legally, that was the lender's only choice.
When a crisis strikes, a company's board must spring into action and take charge to quickly restore confidence. After Audi CEO Rupert Stadler was arrested over VW Group's diesel scandal, old loyalties took precedence over damage control.
News
11 Mar, 2019
Pricing information for the upcoming Toyota Camry has been released, which will start from £29,995 when it reaches the UK market in April
News
21 Jun, 2018
Low sales figures have forced Toyota to kill off the Avensis, with the Camry saloon set to replace next year
Munich prosecutors questioned Audi's arrested CEO, Rupert Stadler, about the automaker's diesel-cheating scandal on Wednesday, Reuters reported.
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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