Earnings

Ford CEO: We're 'reinventing' the car, not trying to kill it

12:05 pm U.S. ET | May 10, 2018

CEO Jim Hackett says the company doesn't intend to lose customers with decision to ax sedans in favor of SUVs and pickups; Bill Ford says he remains frustrated by lagging stock price... Read More »

VW will get 'clear moral compass,' new CEO promises shareholders

May 3, 2018 10:47 CET

VW will expand its internal whistleblower system to give the automaker a clear moral compass, its new CEO, Herbert Diess, said. VW also is pondering spin-offs of non-core assets such as motorcycle maker Ducati, Diess told the company's annual meeting.... Read More »

Investment firm opposes key nominees for VW board

May 2, 2018 11:15 CET

The reelection of the Porsche-Piech clan's leader and the appointment of a marketing expert to Volkswagen Group's supervisory board are being opposed by investment advisory firm Hermes EOS.... Read More »

UAW says it gained almost 15,000 members in 2017

4:45 pm U.S. ET | March 29, 2018

Total membership in the UAW rose by 15,000 workers to 430,871 in 2017, marking the eighth consecutive year that the union saw an increase in total membership.... Read More »

Tesla shareholders approve Musk's $2.6 billion compensation plan

1:09 pm U.S. ET | March 21, 2018

Tesla shareholders approved a compensation package potentially worth billions of dollars for CEO Elon Musk in a test of their confidence in the leader of the electric car company.... Read More »

VW will lean on battery suppliers to power electrification blitz

9:03 am U.S. ET | March 13, 2018

Armed with a product plan stacked with full-electric and hybrid vehicles, Volkswagen Group will rely on suppliers with greater battery expertise, CEO Matthias Mueller said.... Read More »

Tesla expects to hit cap for federal tax credits in 2018

4:32 pm U.S. ET | Feb. 23, 2018

Tesla said it will likely sell its 200,000th vehicle this year -- the volume cap at which the $7,500 federal tax incentive for electric vehicles begins to be phased out.... Read More »

Renault-Nissan has no plans for executive bonus plan, Ghosn says

June 15, 2017 06:01 CET

Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, CEO Carlos Ghosn said.... Read More »

NEWS ANALYSIS

GM, Tesla: A tale of two shareholder meetings

12:42 pm U.S. ET | June 7, 2017

How does CEO Elon Musk make the "magic happen" at Tesla Motors? Ambien, red wine and a vintage record player.... Read More »

Tesla's board faces investor push for annual votes on directors

1:44 pm U.S. ET | June 5, 2017

Tesla recommends annual service inspections on its cars. Some of the electric-car maker's investors want its board subject to yearly checkups, too.... Read More »

Bosnian activists fail to secure seats on Grammer board

May 25, 2017 09:46 CET

Bosnia's Hastor family failed in a bid to get three representatives onto the supervisory board of German supplier Grammer at the annual shareholder meeting.... Read More »

Grammer rejects call to replace chairman in shareholder tussle

May 24, 2017 14:44 CET

German supplier Grammer braced for a showdown with Bosnian investor group Cascade at its shareholders' meeting, rejecting a demand to replace the chairman of the annual general meeting.... Read More »

Audi pledges transparency amid emissions probes

May 18, 2017 10:14 CET

Dealers for the FAW-VW joint venture in China fear that plans for an Audi joint venture with VW Group's southern JV partner SAIC to build and sell Audi vehicles via SAIC-VW's retail network will hit their sales.... Read More »

Virtual meeting met with mixed reviews

12:01 am U.S. ET | May 15, 2017

Ford Motor Co.'s annual shareholders meeting, normally held in Wilmington, Del., was held virtually this year for the first time in its 62-year history.... Read More »

Ford's annual meeting was virtual, but its troubles are real

6:31 am U.S. ET | May 11, 2017

Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.... Read More »

UAW's net assets fell in 2016 while membership grew 1.8%

3:50 pm U.S. ET | April 3, 2017

The UAW's net assets fell 7.9 percent from a year earlier to $861.7 million at the end of 2016, but membership rose 1.8 percent to 415,963 workers.... Read More »

NEWS ANALYSIS

Porsche family ready to bring in younger generation

April 1, 2017 06:01 CET

Ferdinand Piech's seat on the board of VW Group's majority shareholder could be taken by his nephew, Josef Ahorner. The move would be a step toward the Porsche-Piech's clan younger generation moving into key roles.... Read More »

Daimler shareholder demands right to be naked at annual meeting

1:52 pm U.S. ET | March 29, 2017

Daimler's annual meeting threatened to veer off course for a second year after a shareholder pontificated on his right to be naked.... Read More »

Mueller says VW 'is back on track'; CEO not ruling out talks with FCA

8:53 am U.S. ET | March 14, 2017

The world's largest automaker, Volkswagen, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.... Read More »

Magna Q4 report warns about 'protectionist sentiments' in North America

6:46 am U.S. ET | Feb. 24, 2017

Diversified Canadian auto supplier Magna International said increased protectionist measures in North America could pose a substantial risk to the supplier achieving “desired results” in the future.... Read More »

Visteon builds on electronics segment gains in Q4

3:12 pm U.S. ET | Feb. 23, 2017

Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year.... Read More »

KAR Auction's Q4 net income drops despite gain at ADESA

2:54 pm U.S. ET | Feb. 22, 2017

ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses.... Read More »

Cooper-Standard says Q4 net income rises 43%

11:03 am U.S. ET | Feb. 17, 2017

Cooper-Standard Holdings said fourth-quarter net income rose 43 percent to $31.1 million. Sales improved 2.4 percent to $875.4 million.... Read More »

Tower's adjusted earnings rise 23% in Q4

12:13 pm U.S. ET | Feb. 15, 2017

Tower International reported fourth-quarter adjusted earnings of $56.2 million, up 23 percent from $45.9 million a year ago, while net income plummeted 88 percent for the quarter.... Read More »

Lithia posts 7.5% increase in Q4 net income

11:56 am U.S. ET | Feb. 15, 2017

Lithia Motors' net income rose 7.5 percent to $51.3 million in the fourth quarter on strong used-car sales and record finance and insurance gains, the retailer said.... Read More »

 
BMW envisions its iNext as an SUV

Christiaan Hetzner
12:01 am U.S. ET | May 23 2018

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BMW looks likely to follow Audi's e-tron and Mercedes's EQC with its own battery-powered full-size S ...
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Can autonomous vehicles be developed without risking lives?

Dave Guilford
12:01 am U.S. ET | May 14 2018

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It's easy to become enamoured of the accident-free future with autonomous cars, but before that time ...
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Porsche wants Chinese buyers to love the 911

Christiaan Hetzner
4:31 am U.S. ET | May 11 2018

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China may be Porsche's biggest market but sales of its 911 sports car are poor. ...
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Lessons learned from DaimlerChrysler

Richard Johnson
8:50 am U.S. ET | May 9 2018

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Conventional wisdom is that the combining of Daimler-Benz with Chrysler failed because of a clash of cultures, but that's an oversimplification. ...
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VW hopes marketing overhaul will banish diesel stain

Christiaan Hetzner
12:01 am U.S. ET | May 1 2018

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VW will support the launch of its I.D. ...
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Renault's push to grow outside Europe is off to a mixed start

Peter Sigal
8:50 am U.S. ET | April 27 2018

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Carlos Ghosn is betting that Renault's sales outside of Europe will drive revenues over the next six years. ...
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Why it won't be easy for global automakers to part with Chinese partners

Yang Jian
12:01 am U.S. ET | April 23 2018

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The Chinese government will phase out restrictions on foreign ownership of joint ventures with domes ...
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Schaeffler looks beyond ball-bearings with future urban mobility ideas

Peter Sigal
4:52 am U.S. ET | April 19 2018

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Schaeffler is looking toward the future of mobility with new products that include the Mover, a comp ...
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Key takeaways from VW's wild week

Christiaan Hetzner
7:13 am U.S. ET | April 13 2018

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Audi loses, Porsche wins and why VW Group parted ways with Matthias Mueller were among the key takea ...
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Pininfarina preps H500 concept as Tesla fighter

Jay Ramey
12:01 am U.S. ET | April 13 2018

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Pininfarina is joining with Hong Kong's Hybrid Kinetic Group to develop "clean energy vehicles," and ...
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Newsletters & Alerts
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VW Group's China sales rose 12% in April on Audi, Skoda demand
Volkswagen Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda ...
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VW, Toyota, Dacia rise as Europe sales rise 10% in April
VW, Toyota and Dacia all saw their European sales rise sharply in April, outpacing a market that gre ...
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Russian sales rise 18% as buyers try to beat price hikes
New-car sales in Russia rose 18 percent in April, as consumers hastened purchases anticipating that ...
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UK sales increase 10% amid diesel slump
UK registrations rose 10 percent in April, reflecting a poor performance in the same month last year ...
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VW brand continues to recover in German market up 8%
VW brand continued to recover in its German home market last month with a 15 percent increase in reg ...
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Toyota, Hyundai and Kia among winners as Spanish sales rise 12%
New-car registrations in Spain increased 12 percent in April, with Toyota, Hyundai and Kia among the ...
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Private demand drives Italy's 7% growth
New-car sales in Italy rose 6. ...
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Hyundai, Fiat, Dacia gain as French sales rise 9%
French registrations rose 9 percent in April, led by strong gains at Dacia, Hyundai, Kia, Fiat and D ...
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Mercedes leads China luxury car sales despite Audi surge
Mercedes brand retained its lead as China's top-selling luxury brand so far this year despite a surg ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Europe's EV sales expected to top 200,000 this year
Sales of full-electric cars are set to surge to 200,000 this year, helped by the arrival of the new ...
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VW, Peugeot, Seat propel compact SUV sector toward new record
Strong demand for new entries from VW, Peugeot and Seat helped to increase European sales in the com ...
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Premium midsize SUVs overtake sedans, wagons in key European segment
Last year for the first time premium SUV models such as the Volvo XC60, Audi Q5 and BMW X3 were more ...
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Renault, Mercedes, Fiat give new life to pickup segment
Renault, Fiat, Mercedes, and soon PSA, are all launching pickup trucks to take on market leader Ford ...
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Tesla hires Snapchat exec to head engineering
Tesla hired Snapchat maker Snap's vice president of monetization engineering, Stuart Bowers, as head of engineering to work on its Autopilot software and other projects. ...
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Continental appoints chief technology officer for China
Continental has named veteran executive Ming Jing to fill the newly created post of head of innovati ...
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Ex-AvtoVAZ CEO Bo Andersson is reborn as a supplier
Bo Andersson has been dispatched by the president of Japan's giant family-owned wiring supplier, Yaz ...
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Seating supplier Adient promotes veteran exec Fleischer to lead Europe business
Seating supplier Adient has promoted veteran executive Ingo Fleischer to head its business in Europe ...
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PSA has new heads for Russia, purchasing; sends sales expert to Opel
PSA has appointed executives to accelerate growth in Russia, boost sales at Opel, and improve purcha ...
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Russia ties stall Wolf's entry on to Porsche board
U.S. economic sanctions imposed on Russia will postpone former Magna International boss Siegfried Wo ...
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Aston Martin recruits veteran VW Group exec to lead exterior design
Aston Martin has recruited Tobias Suehlmann from VW Group's Bugatti brand as its chief exterior desi ...
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Mazda names Americas head Marumoto next CEO
Mazda named Americas chief Akira Marumoto its new CEO as the automaker -- with its limited r&d budge ...
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Rolls-Royce's former engineering chief joins Borgward
Borgward appointed Philip Koehn, former director of engineering at Rolls-Royce, as its chief technol ...
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Jaguar Land Rover prepares for EV future with new manufacturing chief
Jaguar Land Rover said Grant McPherson, its current director of quality and automotive safety, will ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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Hyundai Nexo leads eco charge
Hyundai sees Europe as a key market for its Nexo fuel cell car because the region has more advanced ...
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Hyundai makes Santa Fe more family-friendly
Hyundai hopes more advanced safety and comfort features, better styling and a more refined interior ...
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BMW aims sporty X2 at young buyers
BMW's is aiming its all-new X2 at young and young-at-heart customers.The X2 is a sporty variant of t ...
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With the 720S, McLaren makes a more practical supercar
McLaren has added practical features to its 720S supercar in response to research that showed that m ...
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Nissan Leaf gets big tech, range upgrades
Nissan is counting on its sleeker, more technologically advanced, longer-range Leaf electric car to ...
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Mitsubishi expands reach in compact SUV sector with Eclipse Cross
The arrival of the Mitsubishi Eclipse Cross compact crossover gives the automaker three models that ...
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Jaguar expects to lure new customers with E-Pace
Jaguar sees the new E-Pace SUV as a conquest vehicle for the brand, with 80 percent of buyers new to ...
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With DS 7, PSA gets upscale flagship
PSA says the DS 7 Crossback will stand out from the competition because of its focus on technology, ...
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Suppliers to the new Seat Ateca
Assembly of the all-new Seat Ateca began in April 2016 at parent Volkswagen Group's plant in Kvasiny ...
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Suppliers to the new Porsche 718 Cayman
Assembly of the third-generation Porsche Cayman began in July 2016 at parent Volkswagen Group’ ...
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Suppliers to the new Nissan Micra
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner RenaultR ...
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Suppliers to the new Hyundai i30
Assembly of the third-generation Hyundai i30 began in December 2016 at Hyundai's plant in Nosovice, ...
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Suppliers to the new Opel/Vauxhall Insignia
Assembly of the third-generation Ope/Vauxhall Insignia began in March 2016 at the automaker's plant ...
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Suppliers to the new Ford GT
Assembly of the second-generation Ford GT began in October 2016 at Ford's plant in Markham, Canada. ...
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Suppliers to the new Audi A5
Assembly of the second-generation Audi A5 began in June 2016 at the Volkswagen Group subsidiary's pl ...
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Suppliers to the new Honda Civic
Assembly of the 10th-generation Honda Civic began in July 2016 in at Honda's plant in Swindon, Engla ...
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Suppliers to the new Ford Fiesta
Assembly of the seventh-generation Ford Fiesta began in May 2017 in at Ford's plant in Cologne, Germ ...
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Suppliers to the new Citroen C3
Assembly of the third-generation Citroen C3 began in September 2016 in at PSA's plant in Trnava, Slo ...
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