Increasing costs for new models and technology will weigh on revenues at BMW for the rest of the year, it stated on Tuesday, as the German automaker fights to regain
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The European Commission will propose on Wednesday harder carbon dioxide reduction targets for new automobiles and vans of 30 percent by 2030 and a crediting system to promote electric vehicles,
BMW might take until next year to conclude an internal investigation of supposed collusion between German automakers, CEO Harald Krueger stated on Tuesday. BMW, Daimler and Volkswagen were raided by
Tesla Inc stated on Tuesday it agreed to purchase privately held Perbix Machine Co, which develops automated manufacturing equipment. Financial terms of the deal were not revealed. Minnesota-based Perbix has
Toyota Motor upgraded its full-year operating profit forecast by 8 percent on expectations of a weaker yen however flagged a unfavorable outlook for North America, its biggest market, where quarterly
BMW has hired a law firm to assist with an internal investigation of a supposed cartel among German automakers and requires more time before any conclusions can be drawn, CEO
New car sales collapsed 12.2 percent in October, marking the seventh consecutive month of decreases and a velocity on the drop of 9 percent recorded the previous month. Falling business
BMW somewhat raised its profit outlook relying on demand for new models and slashing development spending even as third-quarter revenues fell on technology expenses. The automaker on Tuesday anticipated a
PSA Group prepares to cut numerous models and curb discounts at its Opel division, Frankfurter Allgemeine Zeitung reported on Monday, without pointing out the source of the details. The automaker
Nissan prepares to resume production of automobiles for its house market at five of its domestic plants from Tuesday as Japan’s transport ministry authorized changes to the inappropriate final-inspection treatments
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