CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
Mitsubishi expects annual loss due to mileage-cheating scandal, report saysTue, 21, Jun 2016
Mitsubishi Motors expects to post a net loss this financial year over its mileage-cheating scandal as it is hit by compensation costs and a slide in vehicle sales, a report said today.
Toyota says Brexit may lead to 10% duties on U.K.-built carsMon, 20, Jun 2016
Toyota warned that a withdrawal by the UK from the EU may lead to levies of as much as 10 percent on the cars it builds in Britain. Jaguar Land Rover CEO Ralf Speth also warned about a so-called Brexit, saying leaving the EU would be "highly damaging."
VW brand sales stable as Europe, China demand offsets drops in U.S., BrazilFri, 17, Jun 2016
Volkswagen brand sales slipped 0.7 percent last month with gains in Europe and China offsetting declines in the Americas.
Cheap cars fueling Mexico's sales boom often lack airbags, ABSSun, 19, Jun 2016
In the past few years, auto sales in Mexico have surged to record levels, thanks to plentiful financing and aggressive competition to get small, cheap cars into the hands of the working class. But that focus on a low sticker price has held back safety, consumer advocates say.
Toyota reboots next Prius plug-in hybrid to lift salesSun, 19, Jun 2016
The first Prius plug-in hybrid was a “failure,” Toyota acknowledges. Now the company really want to sell it.
Scores surge at VolvoMon, 20, Jun 2016
Dealers gave Volvo high scores in the Winter 2016 NADA Dealer Attitude Survey. Volvo jumped in the brand rankings to an overall ranking of No. 13 out of 31 brands, up from No. 26 a year earlier.
Dealer lobby to study Caddy's planMon, 20, Jun 2016
Dealer attorneys say the outline presented to retailers so far indicates that Cadillac's dealer-incentive plan may test the bounds of state franchise laws meant to protect dealers from unequal treatment by the factory.
Used, new small-car prices tumbleMon, 20, Jun 2016
After years of new-vehicle lease growth, a surge in the flow of off-lease vehicles has started. It's already depressing prices of small cars -- used and new -- that consumers don't want anyway. Automakers are taking steps to cope.
Smart CEO Winkler outlines plan to keep Daimler brand profitable, 'unique'Thu, 16, Jun 2016
The fortunes of Daimler's Smart brand have rebounded after some tough times with the latest ForTwo and ForFour models that are built in partnership with Renault-Nissan. Smart CEO Annette Winkler explained to Automotive News Europe about how she sees the brand's future.
VW's long-term strategy calls for 30 new EVs, components realignmentThu, 16, Jun 2016
Volkswagen plans to introduce more than 30 electric vehicles by 2025 as it recasts itself to emerge from its diesel emissions-cheating scandal. The automaker also said it will realign its components production as part of a strategy review that targets an operating return on sales of 7 percent to 8 percent by 2025.
Daimler confirms talks with Russia for car plantWed, 15, Jun 2016
Daimler confirmed it is in talks with Russian authorities to build Mercedes-Benz cars in the country after reports said the automaker plans to build SUVs from kits at a new plant near Moscow.