BMW’s Chief Executive on Tuesday stated the automaker has boosted production of its X3 offroader model in Spartanburg, South Carolina, along with that one in China, a step which decreases
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BMW’s first-quarter operating profit dropped 78 percent to 589 million euros, regardless of higher deliveries of luxury vehicles, as the automaker felt the effects of higher investment spending and a
German prosecutors imposed a 535 million euro ($598 million) fine on Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which made it possible for the
General Motors’s majority-owned Cruise self-driving division stated on Tuesday fund manager T. Rowe Price and a group of current investors put down $1.15 billion in new equity, evaluating the unit
The used vehicle market is flourishing in the US. With the new car prices hitting another historic high, the used segment becomes increasingly appealing for buyers all over the US.
Ferrari beat forecasts on Tuesday with a 14 percent increase in first-quarter core earnings, increasing its shares on rising expectations the Italian luxury automaker might soon raise its full-year financial
Trucks are guzzling ever more diesel, contaminating towns and cities and fueling climate change. Germany believes it may have discovered the solution by using overhead lines to power big rigs.
Some drivers for ride-hailing giants Uber and Lyft shut down their apps Wednesday to protest what they refers as declining wages at a time when both companies are raking in
Volkswagen has approached several companies to measure their appetite for purchasing MAN Energy Solutions, that makes large diesel engines for ships and power generators, people close to the issue said.
Ford Motor prepares to expand its GoRide medical transportation service to 40 cities in the US over the next four years, getting into Ohio and Florida this year and other
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