Ford signals further investment in Russia despite sharp market decline
With Russian car sales down nearly 17 percent in early 2016, Ford's local joint venture is considering new investment and targeting exports to offset domestic weakness.
Plants, jobs, sales figures, regulation and the executives behind them. The business of building cars.
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With Russian car sales down nearly 17 percent in early 2016, Ford's local joint venture is considering new investment and targeting exports to offset domestic weakness.
Three family-owned VW franchise dealers in the United States have sued Volkswagen, seeking compensation for financial losses caused by the diesel emissions scandal.
Porsche aims to maintain its 15 percent profit margin in 2016, even as stricter emissions rules and investment in electric models drive up costs.
Volkswagen's finance arm has written down €353 million to cover falling residual values of leased cars following the diesel emissions scandal, with further provisions set aside for the US market.
German insurer Allianz is set to seek compensation from Volkswagen, joining a wave of investors claiming damages after the automaker’s share price collapse in the wake of the diesel emissions scandal.
Volkswagen chief Matthias Müller signalled at the Geneva show that a US agreement on diesel fixes, buybacks and penalties could be near, with talks ongoing this week.
Nissan will start assembling the Sunny sedan in Myanmar this year, working with Tan Chong Motor Group and training local staff ahead of a new plant opening.
Carlos Ghosn aims to accelerate Renault-Nissan’s electric vehicle sales in China by focusing on more affordable models to compete with local low-cost offerings.
Takata posted a sharp rise in quarterly profits and revenue, even as global recalls over its defective airbag inflators continued to widen and pressure the supplier.
Toyota will discontinue its Scion brand in August 2016, rebranding existing models as Toyotas and ending a project that targeted younger buyers in the US market.
New Mexico has joined several US states in suing Volkswagen, Audi and Porsche, alleging violations of state air quality laws and deceptive marketing tied to the diesel emissions scandal.
The European Bank for Reconstruction and Development has suspended its €250 million loan for Volkswagen’s new Polish van plant following the diesel emissions scandal.
A New York diesel owner has brought legal action against Bosch, alleging the supplier helped Volkswagen develop software to cheat US emissions tests.
Jaguar Land Rover will report lower pre-tax profits for 2015 as major investment and the Tianjin port explosion hit both costs and sales, according to the company.
Mercedes-AMG will shift V12 engine assembly from Affalterbach to Daimler’s Mannheim site in early 2016 to address full order books for its flagship models.
Volkswagen's global passenger car deliveries fell by 5.3 percent in October 2015, the first full month after the diesel emissions scandal broke, with sharp declines in key markets outside China.
Union Investment, a major Volkswagen shareholder, has urged the company to appoint an external CEO and chairman as pressure mounts on Matthias Müller less than two months into his tenure.
Seat faces scrutiny within Volkswagen Group as the company seeks to reduce costs in the wake of the diesel emissions scandal and mounting financial pressures.
Investors await Tesla’s Q3 2015 results, but attention is focused on Model X output and the company’s ability to hit its full-year delivery goals.
Holger Haerter, Porsche's former finance chief, has admitted in a Stuttgart court to market manipulation during the company's failed 2008 Volkswagen takeover attempt.
US Volkswagen dealerships are offering incentives of up to $11,000 on new petrol and electric models as they struggle with unsold stock and regulatory blocks on diesel sales.
China is backing battery-electric vehicles while Japan invests in hydrogen, as the two Asian auto giants pursue competing visions for the future of alternative power.
Automakers are using advanced digital prototyping and simulation tools to reduce new model development time by up to a year and save millions in prototype and testing costs.
OPEC's strategy shift could push oil prices higher next year, putting pressure on US buyers of large SUVs and pickups that have thrived on cheap fuel.