Volkswagen says cost cuts are urgently needed as its earnings decline sharply
BERLIN -- Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on...
Auto industry
Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
DETROIT -- Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.'s profits this year, causing...
Volkswagen’s employee council says automaker plans to close at least 3 German plants
BERLIN -- Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head...
GM reports a $3 billion quarterly profit despite US sales drop, China losses and its stock surges
DETROIT -- Shares of General Motors jumped more than 10% Tuesday after the automaker posted a third-quarter profit of $3...
2nd major recall for Honda in October, this time for pumps that can crack, leak fuel
Honda is recalling more than 700,000 vehicles because the high-pressure fuel pump may crack and leak fuel, which could increase...
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
DETROIT -- Had she wanted to, Michelle Chumley could have afforded a pricey new SUV loaded with options. But when...
Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troubles
ROME -- Italian lawmakers on Friday questioned the head of Stellantis, the world's fourth largest automaker, over the group’s strategy,...
Ratan Tata, former chairman of Indian conglomerate Tata Group, dies at age 86
NEW DELHI -- Thousands of people paid their last respects on Thursday to Ratan Tata, former chairman of Indian conglomerate...
Congress is trying to force carmakers to keep AM radio − it should also use this opportunity to correct the mistakes of the past
A lament about the demise of AM radio has been rising in the halls of Congress. Several automakers, most notably...
Italy’s carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
MILAN -- Italy's Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around...
