BMW expects group pretax profit to drop by over 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency strategy to help offset higher
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Skoda Auto does not expect to repeat the strong wage increase agreed in 2018 again in the recent round of collective bargaining, a board member said on Wednesday. Skoda is
The trial of former Nissan Motor boss Carlos Ghosn on charges of under-reporting his income is expected to start in Tokyo in September, Japan’s public broadcaster NHK stated on Wednesday.
Nissan’s China joint venture with Dongfeng has not made any modified to its mid-term China sales strategy, a company spokeswoman informed Reuters on Wednesday, responding to a report that it
General Motors stated on Tuesday it would spend $2.7 billion in two Brazilian factories during the next five years, sparing them from a shakeup of the car manufacturer’s operations, a
Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday stated it raised its voting rights share in the automaker to 53.1 percent from 52.2 percent. “We continue to believe
Ford Motor stated it will increase U.S. production of its largest sport utility vehicles in a move to gain profits in a market where consumers favor larger, more comfortable automobiles.
A group of U.S. states is probing Hyundai Motor and Kia Motors for possible unfair and deceptive acts associated with reports of hundreds of vehicle fires, Connecticut Attorney General William
South Korean automakers Hyundai Motor and Kia Motors plans to invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the worldwide race to spend in mobility firms. The
Now that this year’s Rètromobile extravaganza is over, it’s time to look back at what makes the show truly amazing. 2019 was a record year for Rètromobile in both grandeur
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