Brexit may cost carmakers 2.8 million global sales, IHS saysWed, 29, Jun 2016
The UK's vote to leave the EU may cost automakers about 2.8 million light-vehicle sales worldwide through 2018, researcher IHS Automotive said. The UK is expected to be hit hardest. Instead of expanding 3.2 percent this year, the UK may grow by just 1 percent followed by declines in the next two years.
Why VW owners get $10,000 in U.S., but a bit of pipe in the EUWed, 29, Jun 2016
If you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive one in Europe, you may only get a piece of pipe. The reasons for the wide disparity is the big differences in legal and regulatory structures in each region.
Citroen seeks salvation in new wave of quirky carsTue, 28, Jun 2016
Citroen went from oozing elegance and quirky charm to producing vehicles that lacked the panache of their ancestors. The arrival of the C4 Cactus rekindled Citroen's spark. CEO Linda Jackson aims to capitalize on this momentum with new design that's somewhere "between different and bizarre."
Supplier planning hits the brakesMon, 27, Jun 2016
The U.K. vote to exit the European Union leaves suppliers in the dark on future investment until new EU trade deals can be adopted.
Aston Martin's financial losses nearly doubleMon, 27, Jun 2016
Aston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. Last year, the automaker reported a pre-tax loss of 71.8 million pounds.
U.K.-EU breakup threatens a key market and profit centerSun, 26, Jun 2016
The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, analysts warned.
Goodbye to the Europe I knewMon, 27, Jun 2016
I am deeply shocked and disappointed by the decision of British voters to leave the European Union. A place I loved called Britain may no longer be so great any more.
Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.
VW should pay Europeans same compensation as U.S. drivers, EU commissioner saysSun, 26, Jun 2016
VW Group should offer European drivers similar compensation to what the German carmaker is expected to pay U.S. customers, Europe's Industry Commissioner Elzbieta Bienkowska told a newspaper on Sunday.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
UK 'Leave' vote deflates hopes for U.S.-EU trade dealFri, 24, Jun 2016
Britain's looming exit from the European Union is another huge setback for negotiations on a massive U.S.-EU free trade deal that were already stalled by deeply entrenched differences and growing anti-trade sentiment on both sides of the Atlantic.
Emissions-free, for real: Norway turns to the sunMon, 27, Jun 2016
The first Toyota Mirai fuel cell car sold in Norway went to a company which plans to open a hydrogen station that makes hydrogen by using surplus electricity from solar panels on neighboring buildings.