PSA's Tavares says Opel deal would find 'speedy' savings
PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.
Ford's big Russia gamble pays off as sales finally rise
Ford has become the first major foreign automaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market after rival GM decided to quit.
Nissan Leaf finds its fan base
SUV discounts signal flagging demand, eroding auto profits
CarMax opens first four-lane auction on West Coast
CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.
Audi China dealers demand $4 billion to cover sales losses
Audi dealers in China are demanding 28 billion yuan ($4 billion) to cover losses over the past three years that they blame on the automaker adding too many distributors, potentially worsening a sales decline that saw BMW and Mercedes overtake the luxury brand last month.
Aston Martin expects return to profitability in 2018
Opel, PSA lag rivals as Europe sales rise 10% in January
GM's Opel brand and PSA posted weaker European sales in January than their rivals amid discussions of a possible purchase of the GM unit by the French automaker. Europe registrations rose 10 percent last month, driven by extra selling days and robust demand in nearly all of the region's key markets.
Fleet sales dip in January
Nissan gets its commercial trucks in a row
Nissan executives say they finally have a lineup that will enable their dealers to make a plausible run at one of the great bastions of Detroit-dominated truck business: commercial sales to businesses.