car industry

Nissan Reduces Full-Year Profit Forecast Following Japan Recall

Nissan has cut its full-year profit forecast as a safety inspection scandal hit earnings. Japan’s second-largest auto maker expects operating…

7 years ago

BMW Head Office Searched by EU Officials Investigating Alleged Cartel

BMW’s head office in Munich, Germany, was searched this week by EU officials investigating an alleged cartel among five German…

7 years ago

Ford to Shift Resources from Traditional Cars to SUV’s and Trucks

Ford Motor Company's new president and CEO Jim Hackett has outlined plans which he says will make the car giant…

7 years ago

VW Emissions Scandal: Company to Provide Two Year Guarantee for Europe Cars

Volkswagen will provide a two year guarantee for the cars in Europe fitted with emissions cheating devices which it agreed…

7 years ago

Jim Hackett Replaces Mark Fields as Ford Chief Executive

Jim Hackett is replacing Mark Fields as Ford CEO following a major reshuffle at the US car giant. Mark Fields’…

7 years ago

Toyota Profits Fall for First Time in Five Years

Toyota has suffered first profit fall for the first time in half a decade. The Japanese auto maker said it…

7 years ago

VW and Tata Motors Set Up Strategic Partnership to Boost Sales

Volkswagen and Tata Motors will set up a strategic partnership to help both companies boost economy car sales in India…

8 years ago

Renault Reports Record Annual Revenues

Renault has reported record annual revenues after a revamp of its range boosted sales. The French automaker’s revenues rose 13.1%…

8 years ago

The Top 5 Attractive and Economical City Business Cars

Many people who conduct business in cities struggle to find the right vehicle. They will want a car that looks…

8 years ago

Ford Announces Self-Driving Car Mass-Production by 2021

Ford has announced it will start mass-production for a fully autonomous self-driving car without a steering wheel by 2021. The…

8 years ago

Nissan to Acquire Controlling Stake in Rival Mitsubishi Motors

Nissan has announced it will acquire a 34% stake in rival Mitsubishi Motors, in the wake of the latter's recent…

8 years ago

Mitsubishi Motors Shares Recover Following Compensation Reports

Mitsubishi Motors shares have risen on media reports the auto maker will compensate customers after it admitted falsifying fuel efficiency…

8 years ago

Ford Posts Record Profit in Q1 2016

Ford has reported a record profit in Q1 of 2016 following strong sales in Europe and moving more pick-up trucks…

9 years ago

Mitsubishi Motors Admits to Manipulating Fuel Economy Tests

Japanese automaker Mitsubishi Motors has admitted falsifying fuel economy data for more than 600,000 vehicles sold in Japan. The company…

9 years ago

Mitsubishi Motors Shares Fall 15% after Failed Fuel Tests

Japanese automaker Mitsubishi Motors shares have fallen more than 15% after it said an unspecified number of its cars had…

9 years ago

Skoda Posts Record Sales for Q1 2016

Skoda has posted its best first quarter to date as it shrugged off the emissions scandal hanging over parent company…

9 years ago

Toyota Reports 4.7% Rise in Q4 Net Income

Toyota has reported a 4.7% year-on-year rise in net income for Q4 of 2015, to 627.9 billion yen ($5.37 billion),…

9 years ago

Ford Europe Cuts Jobs to Save $200 Million

Ford has announced it is cutting jobs and save $200 million a year in Europe. The US car giant said…

9 years ago

Europe Car Sales Reach 14.2 Million in 2015

European auto sales rose 9.2% in 2015 reaching 14.2 million vehicles. However, it still remained below levels prior to the…

9 years ago

VW Emissions Scandal: EPA Finds More Vehicles with Cheat Tests

According to the Environmental Protection Agency (EPA), VW cars with bigger diesel engines also contained software devices designed to cheat…

9 years ago

Toyota Overtakes VW in Global Car Sales After Dieselgate Scandal

Toyota has overtaken VW in global vehicle sales after releasing figures for the first nine months of 2015. The Japanese…

9 years ago

Model X: Tesla Launches All-Electric SUV with Falcon Wing Doors

Tesla has unveiled its long-awaited Model X with a "bio-weapon defense" system and Falcon Wing doors. The Model X is…

9 years ago

VW Emissions Scandal: CEO Martin Winterkorn to Support German Transport Ministry Investigation

Volkswagen will "support" the German transport ministry's investigation into the automaker's emissions scandal, CEO Martin Winterkorn has said. VW shares…

9 years ago

Volkswagen Ordered to Recall 500,000 Cars in US

Volkswagen has been ordered by the US Environmental Protection Agency (EPA) to recall half a million cars because of a…

9 years ago

Suzuki Buys Back Nearly 20% Stake Held by Volkswagen for $3.8 Billion

Suzuki has bought back a nearly 20% stake held by Volkswagen for 460 billion yen ($3.8 billion). The Japanese carmaker…

9 years ago