Nissan is working on new powertrains for several vehicles, including the Murano, Maxima and GT-R. But it may drop the Versa, Rogue Sport and its commercial vans.
Tesla's CEO believes plants could one day be 1,000 times more efficient, thinks "zero" about J.D. Power surveys and admits the company had problems getting the paint on its cars right.
With upset consumers on either side of the mask debate, dealers are grappling with whether to put their own mandates in place and how to handle any resulting customer protest.
GM is unhappy with Facebook’s efforts to keep hateful and disparaging content away from the automaker’s brands and has joined Ford and other companies that have stopped advertising with the social-media company, adding it is in talks with the popular platform about improving efforts to eliminate harmful content.
Alfa said it plans an "orderly transition process to make Nemak an independent business."
Fisker said earlier in July that it was in talks with VW to use the German automaker's MEB EV platform to speed vehicle development and cut costs, but it disclosed a delay in documents filed on Friday.
FCA CEO Mike Manley shed some light on his thinking about EV pickups and made clear that FCA hasn't revealed its full hand when it comes to electrification.
FCA CEO Mike Manley shed some light on his thinking about EV pickups and made clear that FCA hasn't revealed its full hand when it comes to electrification.
The broader network will increase charging access for drivers who live in multi-unit homes, rent their homes and can't install chargers, or lack access to workplace charging.
The two global auto suppliers joined several other industry peers that reported major quarterly losses stemming from the coronavirus pandemic.
In 2009 the automaker was awarded a $5.9 billion, low-cost government retooling loan in the aftermath of the financial crisis. Ford said the loan, which has $1.26 billion of principal remaining, will be repaid on time by June 2022.
Sales at JLR, which accounts for most of the company's revenue, fell more than 42 percent during the quarter and Tata said outlook for the unit remains uncertain.
North American vehicle shipments sank 62 percent. But the company said that was "partially offset by favorable channel and model mix," so the region avoided a loss even as net revenues fell 53 percent to $9.71 billion.
The automaker posted an operating loss of $433 million in the April-June quarter and said it would forgo paying a dividend this year.
The automaker posted an operating loss of $433 million in the April-June quarter and said it would forgo paying a dividend this year.
The automaker said the ruling, if upheld, could force car companies "to avoid maintaining or improving the emission control systems of in-use vehicles."
The automaker lost $1.9 billion before interest and taxes and one-time items in the quarter as revenue fell 50 percent to $19.4 billion. North America, the region that usually carries the bulk of its profits, reported a $974 million loss before interest and taxes.
Honda told employees in Ohio that the decision was due to "difficulty in attracting and hiring the needed amount of associates" during the coronavirus pandemic.
The company has returned to 70 percent of pre-pandemic employment levels. U.S. operations steadily improved in May and June, led by used-vehicle sales and the service business.
Coronavirus shutdowns bludgeoned the second-quarter results for suppliers Dana, Visteon and Aptiv, but all three companies said they shored up their balance sheets with cost savings measures and maintained adequate financial liquidity.
In a call with analysts, CEO Sachin Lawande said proactive actions Visteon took to preserve cash are helping the company to be stronger and more competitive.
Cars.com reported that its operating expenses were 19 percent below the same quarter in 2019. The company took a series of cost-cutting steps as the pandemic spread across the U.S. this spring. Cars.com shares surged higher despite a down day on Wall Street.
Aided by lower expenses and strong used-vehicle demand, Sonic Automotive's net income rose 16 percent in the second quarter despite the pandemic. The retailer is expanding a rollout of standalone EchoPark stores with new delivery and buy centers.
Utilities see EV growth as a way to sell more power, balance electricity demand and meet sustainability goals. But some aspects of the industry’s campaign, such as lobbying for tax credits, put it at odds with oil interests.
The CEO has for months pushed to lower costs at the automaker's German operations, repeatedly clashing with labor representatives who control nine of the 19 seats on VW's board.
