Ferrari, Aston Martin, Maserati sales soar in China as rich snub austerity pushThu, 20, Apr 2017
Sales of high-end sports cars from automakers including Ferrari, Aston Martin, Maserati and McLaren are soaring in China, four years after China's President Xi Jinping started cracking down on corruption and conspicuous consumption in the world's No. 1 market.
Jeep, Nissan, Fiat, Infiniti among brands skipping Frankfurt auto showThu, 06, Apr 2017
One of the world's biggest auto shows, in Frankfurt, will be missing at least nine brands this year including three Fiat Chrysler units, Nissan and two PSA brands, as more automakers shift marketing outlays.
BMW champions profit over wow factor as product lull persistsTue, 07, Mar 2017
BMW product on display at the Geneva auto show this week include a wagon version of the long-running 5 series and the 4-series coupe with an upgraded interior -- hardly the stuff to make a car lover swoon. This is in stark contrast to the flashy models on show from its rivals.
Discounts drive Hyundai profit to 5-year low; uncertain 2017 aheadWed, 25, Jan 2017
Hyundai Motor posted its lowest quarterly profit in about five years, hurt by the cost of steep discounts on small sedans. The automaker cautioned it expected more uncertainty ahead as competition and protectionism increase.
Continental expects losses from EV products until 2019Thu, 15, Dec 2016
Continental CEO Elmar Degenhart says the supplier will continue to post losses with products for electric cars until at least 2019. Electro-mobility will only massively take off between 2025 and 2030, Degenhart told a German business magazine.
China slaps 10% tax on ultraluxury vehiclesThu, 01, Dec 2016
Continental eyes strong final quarter after Q3 profit plungesThu, 10, Nov 2016
Continental expects strong earnings in the fourth quarter after profit plunged 40 percent in the July-to-September period because of special effects. The supplier took a 450 million euro hit from the costs of warranty cases, pending antitrust proceedings and increased r&d spending.
VW will accelerate savings in wake of diesel scandalMon, 17, Oct 2016
Volkswagen Group CEO Matthias Mueller is accelerating cost cuts at the embattled automaker to cope with the diesel-emissions scandal and to finance VW's shift toward electric vehicles and digital services. Mueller is seeking to reduce costs by 10 percent next year.
Ford, Volvo, Rolls-Royce among automakers bypassing Paris as show glitz fades in Web ageThu, 15, Sep 2016
Ford, Volvo and Rolls-Royce are among the automakers skipping the Paris auto show as the once-unmissable event succumbs to changes sweeping the auto industry. Instead of spending millions to woo consumers to crowded exhibition centers, companies are reaching out to buyers where they like to spend time -- on Instagram and blogs.
VW's crippling supplier feud shows limits of cost-cutting pushWed, 24, Aug 2016
VW's U.S. settlement worries EV charging companiesWed, 10, Aug 2016
Electric vehicle charging companies want independent oversight of the $2 billion Volkswagen is required to invest in clean car infrastructure in the U.S. They say VW should not have the power to shape the developing EV charging system.