Volkswagen to halt sales of most vehicles in S. Korea amid emissions probeFri, 22, Jul 2016
Volkswagen will suspend sales of most of its vehicle models in South Korea from July 25, as pressure builds on the automaker over its falsified emissions tests. The decision comes ahead of a pending environment ministry review on whether to revoke the certification of 32 cars made by the group, which would lead to a sales ban of the affected models in the country.
Volvo eyes record year as profit triples in first halfThu, 21, Jul 2016
Volvo is confident of reaching record sales and earnings for the full year after it reported half-year operating earnings rose to 5.59 billion Swedish crowns ($649.8 million) up from 1.66 billion in the same period last year.
Mercedes' Q2 profit drops on Takata airbag recallThu, 21, Jul 2016
Daimler reported weaker profit from its Mercedes Cars unit in the second quarter because of the cost of refreshing its lineup and one-time charges related to recalling cars with faulty Takata airbags. The unit's profit margin dropped to 6.4 percent, compared with 10.5 percent last year.
Automaker financing unleashes Mexican marketMon, 18, Jul 2016
When banks and finance companies say no, cash-poor Mexican consumers turn to a traditional form of credit known as autofinanciamiento, or "self financing."
Volkswagen sets aside another $2.4 billion for diesel scandal costsWed, 20, Jul 2016
Volkswagen said it has set aside another 2.2 billion euros ($2.4 billion) for costs associated with its diesel-rigging scandal as the company announced that first-half earnings rose 7 percent to 7.5 billion euros ($8.25 billion).
Fiat Chrysler sales reporting practices subject of U.S. probeMon, 18, Jul 2016
FCA US, which has chalked up 75 straight months of U.S. sales gains, is facing a coordinated federal probe into its sales reporting practices. Investigators from the FBI and the SEC visited FCA field staff in their homes and offices on July 11 as part of the probe, a source told Automotive News.
Cadillac launches European sales pushSun, 17, Jul 2016
Cadillac is launching two new models and expanding its dealer network in Europe in a renewed sales push in the region. The GM brand's latest European sales target is modest compared with past goals.
GM alters dealer ratings after court setbackMon, 18, Jul 2016
General Motors is modifying its criteria for how it holds dealers accountable for their sales performance -- at least in New York state -- after a court ruling there that shot down GM's preferred formula for rating dealers' effectiveness.
GM boosts discounts on big pickups as summer truck war heats upFri, 15, Jul 2016
GM more than doubled discounts on some of its large pickups in July's first 10 days after U.S. sales of the highly profitable models fell last month despite ads attacking the durability of Ford's aluminum-bodied trucks.
Steady Audi hits 80 months of sales gainsMon, 18, Jul 2016
Audi's run of year-on-year sales increases reached a remarkable 80 months in June.
Infiniti impresses mystery shoppersMon, 18, Jul 2016
Infiniti stores outperformed all brands in a study on prospect satisfaction, while Tesla lagged all brands.
European June car sales slow as Brexit vote reduces confidenceFri, 15, Jul 2016
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighed on business and consumer confidence.