The U.S.-China trade dispute is making it more difficult for Panasonic, which supplies battery cells to Tesla Inc., to execute its strategy of focusing more on automakers and corporate clients.
The company with a major stake in autonomous vehicle r&d said its second-quarter operating margin declined to 11.2 percent from 12.9 percent because of unfavorable impacts of foreign currency exchange and other factors.
An interim head for the floorplan financing unit has been appointed from within the company until a permanent replacement is found.
The results are a blow for the automaker as it struggles to convince investors that it can transform from niche player to successful listed company, and deliver on a promise to take on Ferrari.
Fiat Chrysler painted a robust picture for its truck and SUV business in North America, powered by the Ram brand, with second-quarter margins rising by nearly a full percentage point to 8.9 percent. FCA CEO Mike Manley also left the door open for renewed merger talks with Renault.
While Amazon CEO Jeff Bezos has said little about the company's automotive ambitions, the strategy is aimed at leveraging Amazon's strengths in logistics, cloud computing and digital services together with new interests in related fields from robotics to manufacturing.
In its first earnings report since a failed attempt to merge with Renault, FCA said its was confident its adjusted earnings this year would top last year's 6.7 billion euros ($7.5 billion).
In its first earnings report since a failed attempt to merge with Renault, FCA said its was confident its adjusted earnings this year would top last year's 6.7 billion euros ($7.5 billion).
Slumping industry demand in China and an escalating price war in the lucrative U.S. truck segment are ratcheting up the pressure on General Motors as it prepares to release its second-quarter financial report.
J.D. Power CEO David Habiger said in a statement that the acquisition will help fuel growth for the firm known for its automotive quality awards and the Power Information Network. Terms were not announced.
The Alliance of Automobile Manufacturers -- which represents General Motors, Volkswagen Group, Toyota Motor Corp. and others -- praised the announcement and urged Congress to move quickly.
Stadler, who was once seen as a possible contender for VW Group’s top job, is accused of having been aware of the emissions manipulations since the end of September 2015 and not preventing the sale of affected Audi and VW vehicles thereafter.
While workers lament the plant closing, GM said it will have opportunities for all displaced workers at the plant to transfer to other GM operations.
Journey Holding will combine with Ford-owned TransLoc to offer transportation solutions to cities.
The post in question concerns Tesla’s solar roof, which Musk first unveiled in late 2016 and has struggled to mass-produce.
Uber went public in May and currently trades just below the IPO price. The San Francisco-based company and its hometown rival, Lyft Inc., are under pressure from investors for heavy losses.
Canadian police say 90 percent of the vehicles recovered during Project Baijin were newer-model high-end vehicles that were fraudulently financed and then had their VIN replaced.
Japan's request for legal assistance in the Ghosn probe is being processed by the Zurich public prosecutor's office, which will not conduct its own investigation.
Waning interest in the biennial event comes despite rising demand for imported cars in Japan.
Under the terms of the lease with the Shanghai government, Tesla must start generating the annual tax revenues at the end of 2023 -- or hand the land back.
Fiat Chrysler Automobiles expects to restore profitability in Europe by the fourth quarter or earlier through measures that include restructuring and inventory reduction.
J.D. Power's first Mobility Confidence Index Study, a collaboration with SurveyMonkey, found low consumer confidence in the future of autonomous vehicles and middle-of-the-road confidence in electric vehicles.
Ford Motor Co. paid an undisclosed sum to acquire Quantum Signal AI, a 40-member team of roboticists operating out of a decommissioned 1930s-era high school near Ann Arbor, Mich.
The automaker preemptively released two fact sheets on its U.S. operations and details about its 2009 U.S. government bailout ahead of the debates, which could feature Democrats using its job cuts to attack President Trump.
Penske Automotive's revenue and gross profit dropped in both the new- and used-vehicle businesses, but rose in service and parts and finance and insurance.
