Volkswagen CEO Oliver Blum said the ongoing restructuring process would continue, despite the German carmaker’s backlog of orders, and praised the planning of the China business....
They were announced with much fanfare, but they didn’t make it to production. Honda is halting development of the electric Honda 0 Saloon and Honda 0...
BMW said today that its operating profit fell 11.5 percent last year to around 10.2 billion euros, while net profit fell 3 percent to around 7.5...
Aston Martin is cutting up to 20 percent of its workforce. The company, which employs approximately 3,000 people, has been hit by US and Chinese import...
Volkswagen aims to reduce costs by around €60 billion with a new cost-cutting program, significantly more than previously anticipated. Business magazine Manager Magazin reports this, citing...
Not a day passes without an association or manufacturer asking the European Commission for concrete measures to save the market and the automotive industry of the...
The episode went largely unnoticed, remaining on the fringes of automotive news. Yet, it speaks volumes about the current turbulent period the industry is experiencing. A...
Without a reduction in the cost of US import duties, Volkswagen cannot build a planned new Audi factory in the United States. CEO Oliver Blume issued...
Volkswagen will close a production facility in Germany on Tuesday for the first time in its 88-year history. The automaker reached an agreement with the works...
South Korean automobile import taxes were reduced from 25% to 15% by US President Donald Trump. Hyundai and General Motors, two automakers, will particularly benefit from...
General Motors is making a striking appeal to its suppliers. The American automaker wants them to stop sourcing parts from China, even issuing an ultimatum. According...
Toyota Motor Corporation fell short of operating profit estimates for the quarter ending in September, as the Japanese automotive giant faces challenges from US tariffs. Here...
After months of intense negotiations marked by high-stakes discussions and strategic diplomacy, the United States and South Korea reached a significant milestone on Wednesday by finalizing...
German auto giant Volkswagen posted a loss of 1.07 billion euros in the third quarter, slipping into the red for the first time since the second...
Tesla has issued a recall for 63,619 of its innovative “Cybertruck” vehicles due to a software glitch that impacts the functionality of the front parking lights....
The 15 percent tariff on cars from Japan, which US President Donald Trump introduced as part of a trade agreement with Japan, will take effect tomorrow,...
Reports are circulating that Toyota will build the next Lexus ES in Japan instead of in the U.S. On the other hand, the Japanese will be...
Porsche is temporarily abandoning car production in the United States. Despite increased export costs due to US import tariffs, the German sports car manufacturer is very...
The European Union’s targets for reducing CO2 emissions from vehicles, including a 100 percent reduction for cars by 2035, are no longer achievable, the leaders of...
Shares in Nissan Motor fell after Mercedes-Benz announced plans to sell its 3.8 percent stake in the Japanese automaker. Tokyo-listed Nissan shares fell as much as...
Investors have been following trade (dis)agreements between the US and major trading partners for the past week. They were particularly concerned about the 50% tariffs that...
BMW’s profits fell sharply in the first six months of this year. It was hit by US import tariffs and underperformed in China, partly due to...
Volkswagen’s struggling luxury brand Porsche has cut its full-year profitability target following the EU’s trade deal with US President Donald Trump and after reporting a 400...
Mercedes-Benz has again lowered its outlook for this year. According to the German carmaker, this is due to import tariffs imposed by US President Donald Trump...
General Motors (GM), the American automaker that owns brands such as Chevrolet, Buick, Cadillac, and GMC, posted a sharply lower profit in the past quarter due...
German automakers are working to negotiate import duties with the United States, as BMW is reportedly losing $10 million a day due to these tariffs. The...
Japanese carmaker Nissan plans to cut an additional 10,000 jobs after already announcing in November that it would cut 9,000, the French agency AFP reports. According...
German premium carmaker BMW has reaffirmed its 2025 outlook, saying it expects some tariffs imposed on vehicle imports to fall from July, one of the industry’s...
US President Donald Trump has signed two orders to reduce the negative impact of tariffs on cars, offering manufacturers cost refunds and exemptions from additional duties...
Despite tariffs and the global economic situation, Hyundai and Kia are making unstoppable progress. Tariffs on vehicles manufactured outside the United States are in effect, but...