Keyword: Auto industry

  • Volvo supports US firm for wireless charging
    Volvo supports US firm for wireless charging
    18h ago

    Volvo Car Group said on Tuesday that its investment arm reached a deal with Momentum Dynamics Inc. from Philadelphia, which develops solutions for high power wireless charging. It added, failing to reveal financial details, that the tran...

  • PSA grows sales by 6.8% last year to 3.88M units
    PSA grows sales by 6.8% last year to 3.88M units
    22h ago

    Groupe PSA said on Tuesday that it boosted the share in the global market by 3.8 percentage points in 2018, to 17.1%. Peugeot SA's parent highlighted the results in the segment for sports utility vehicles (SUVs). Total sales grew 6.8...

  • VW to invest $800M in US factory to make e-cars
    VW to invest $800M in US factory to make e-cars
    1/14

    German carmaker Volkswagen AG said on Monday it will invest $800 million to repurpose its factory in Chattanooga, Tennessee to build a new generation of electric cars.

    The investment is expected to create "up to 1,000 new jo...

  • Labor union says Ford to terminate 1,150 UK jobs
    Labor union says Ford to terminate 1,150 UK jobs
    1/11

    Shop stewards in Ford Motor Co.'s factories in Britain were told by management that almost one thousand positions would be slashed at the Bridgend facility in South Wales, Unite announced on Friday and vowed to fight for workers. The...

  • GM spikes in premarket after improving guidance
    GM spikes in premarket after improving guidance
    1/11

    General Motors Co. projected a rise in earnings for this year on Friday to between $6.5 and $7 per share and expressed expectations the adjusted automotive free cash flow would land at $4.5 to $6 billion. It added it would keep the focus...

  • Honda to cease production for 6 days after Brexit
    Honda to cease production for 6 days after Brexit
    1/10

    Honda will suspend production at its United Kingdom site for six days as a result of Brexit logistics and potential border disruption, according to various media reports and a statement by the company released on Thursday.

    The Ja...

  • Jaguar Land Rover to slash 4,500 jobs
    Jaguar Land Rover to slash 4,500 jobs
    1/10

    Jaguar Land Rover (JLR) said on Thursday it will cut 4,500, most of which will be office jobs in the United Kingdom, thus confirming earlier media reports. The move represents the...

  • Ford cutting headcount, wants alliance with VW
    Ford cutting headcount, wants alliance with VW
    1/10

    Ford Motor Co. unveiled on Thursday the strategy to lower structural costs and improve profitability, which may impact thousands of workers in Europe. The Dearborn, Michigan–based company vowed to enable voluntary departures to wor...

  • Volkswagen brand's sales reach record last year
    Volkswagen brand's sales reach record last year
    1/10

    The core division of Volkswagen AG reached the annual target and slightly topped the previous record in car sales. The German automotive powerhouse reported on Thursday that the tally weakened by a stunning 9% year on year in December to...

  • JLR to cut up to 5,000 jobs in UK - report
    JLR to cut up to 5,000 jobs in UK - report
    1/10

    Jaguar Land Rover Automotive PLC (JLR) is planning to reduce its workforce of 40,000 in the United Kingdom by up to 5,000 workers, the BBC reported.

    The reduction is a part of a £2.5 billion cost-cutting plan which aims to ...

  • BMW reports global sales of 2.5M vehicles in 2018
    BMW reports global sales of 2.5M vehicles in 2018
    1/8

    BMW Group said on Tuesday its global sales in 2018 rose 1.1% year on year to 2.49 million vehicles across its three brands, BMW, Mini and Rolls-Royce.

    CEO Harald Krueger praised the carmaker's record annual performance, noti...

  • Daimler prepares €500M for autonomous trucks
    Daimler prepares €500M for autonomous trucks
    1/7

    Daimler AG presented the Freightliner Cascadia heavy-duty vehicle at the Consumer Electronics Show in Las Vegas on Monday and revealed it has partially automated driving features, matching level 2. Daimler Trucks and Buses added it would...

  • Tesla to start Model 3 deliveries in China in March
    Tesla to start Model 3 deliveries in China in March
    1/4

    Tesla Inc. announced on Friday it will begin delivering Model 3 cars to Chinese customers in March. Tesla offers the Long Range AWD and the Performance version of the model to customers in China, while the Mid Range Model 3 RWD is still ...

  • Volvo Cars sales jump 12.4% in 2018
    Volvo Cars sales jump 12.4% in 2018
    1/4

    Volvo Cars announced on Friday that it sold a record number of 642,253 vehicles in 2018, 12.4% more than during the previous year. "The new sales record in 2018 underscores strong demand for Volvo’s renewed product portfolio, ...

  • Toyota reports lower annual sales
    Toyota reports lower annual sales
    1/3

    Toyota's North American division announced on Thursday that its sales for December 2018 dropped by 0.9% compared to the same month in the previous year. In a press release published on Thursday, Toyota also reported that its 2018 sal...

  • GM sales fall 2.7% in Q4 of 2018
    GM sales fall 2.7% in Q4 of 2018
    1/3

    The General Motors Company said on Thursday its sales declined 2.7% in the fourth quarter of 2018 compared to the same period a year earlier. The carmaker's sales for the whole of 2018 amounted to 2,954,037 vehicles, down 1.6% compar...

  • Renault: Ghosn's pay in compliance with law
    Renault: Ghosn's pay in compliance with law
    12/13/2018

    Renault S.A. stated on Thursday the company's preliminary audit showed its CEO Carlos Ghosn's pay package at the French carmaker was "in compliance with applicable law."

    The carmaker added its board of directors...

  • FCA: Tax shift may alter spending plan for Italy
    FCA: Tax shift may alter spending plan for Italy
    12/13/2018

    Italy's budget row brings risks to Fiat Chrysler Automobiles NV's investments, according to an update from the car manufacturer, which earmarked more than €5 billion for the period through 2021. The automotive giant said it ...

  • EU court rejects Brussels emissions limits
    EU court rejects Brussels emissions limits
    12/13/2018

    The General Court, a constituent court of the European Court of Justice, ruled on Thursday that the European Commission (EC) could not alter nitrogen oxide limits for cars in the wake of the Volkswagen emissions scandal. In doing so, it ...

  • Toyota recalls 70,000 cars over exploding air bags
    Toyota recalls 70,000 cars over exploding air bags
    12/12/2018

    Toyota Motor Corp. is to recall around 70,000 vehicles in North America in order to replace components used to inflate air bags, Associated Press reported on Wednesday. There is a possibility that the Toyota and Lexus brand vehicles'...