Toyota Motor said on Tuesday it expects profit to decline by 80% to its lowest in nine years, as Japan’s biggest automaker attempts to recover with the impact of the
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Honda Motor on Tuesday published its lowest operating profit in four years and refrained from providing an earnings outlook for 2020 due to uncertainty about the longer-term impact of the
As Hertz Global Holdings Inc. makes attempts to stay out of bankruptcy, the company has canceled 90% of its new-car purchases for the 2020 model year, a move likely to
U.S. President Donald Trump on Tuesday asked that electric automaker Tesla Inc should be allowed to resume its electric vehicle assembly plant in California, joining the automaker’s CEO Elon Musk’s
EU antitrust regulators will make a decision by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA’s $50 billion merger, according to a European Commission filing on Monday.
Toyota Motor prepares to cut production in North America by almost a third through October because of the coronavirus crisis and expects it will take some time for production to
With fewer drivers on the road in the coronavirus pandemic, police in the Toronto region have charged no less than 150 people with street racing or stunt racing — including
Tesla Chief Executive Elon Musk on Monday stated production was restarting at the automaker’s only U.S. vehicle factory, in California, defying an order to stay closed and adding that if
Nissan Motor said on Monday its April sales in China increased 1.1% from a year earlier to 122,846 vehicles, as the country is recovering from the coronavirus. Overall auto sales
Sales of Tesla’s Model 3 sedan in China dropped more than 64% in April compared with the previous month, regardless of a recovery in the electric car market, according to data from
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