General Motors defied a slowdown in its U.S. home market while losses in Europe mounted. The company's European chief, Karl-Thomas Neumann, said the launches of new products including the Insignia family and two crossovers will boost the regional unit this year.
GM narrowed its third-quarter loss in Europe but warned that achieving its target to break even in Europe this year would be "very challenging" after the UK's vote to quit the EU. The collapse of the pound has hit the automaker's European operations.
Ford CEO Mark Fields is working to prepare the automaker for a future in shared and autonomous vehicles by adding mobility services to its portfolio. He discussed this and more in an interview with Automotive News Europe sister publication Automotive News.
Ford's overhaul of the Mustang, which included opening sales in 81 more countries to turn it into a global halo for the automaker, is paying off. Demand has been especially heavy for the first-ever right-hand-drive Mustang, which went on sale late last year in 25 markets where the car had been virtually off-limits previously.