Bankers love their Porsche 911s. So let them buy shares.
While Porsche’s margins aren’t quite as stellar as Ferrari’s, in 2019 it supplied the VW group with a more than ample 4.2 billion euros of operating profit.
Toyota hikes full-year outlook as third-quarter net profit soars
The pandemic has taken a heavy toll on the global auto sector but demand recovered swiftly in the second half of last year.
Mazda expects chip shortage to cut February global output by 7,000 cars
Mazda Motor Corp. said Thursday its global production will be cut by 7,000 vehicles in February from its initial plan, as it will not be able to procure enough chips for key safety and environmental technology amid a global shortage. The automaker will review its ...
Toyota group tops global auto sales in 2020 for first time in five years
The firm's global annual sales recovered in its main markets such as China and the United States from the fall, posting increases for three consecutive months from October, it said.
Renault bolsters electric lineup after squandering sales lead
Renault SA’s promotional blitz for its growing electric lineup may be too late for the maker of Europe’s best-selling EV to stay atop the region’s expanding market for battery-powered cars. The French manufacturer and its partner Nissan Motor Co. have long enjoyed a first-mover advantage ...
Volkswagen aims to turn legions of SUV buyers into electric converts
The ID.4 electric vehicle will compete with the likes of Toyota’s RAV4, Honda’s CR-V and Subaru’s Forester.
Toyota likely the world's best-selling carmaker for January-June
Toyota alone globally produced 3.31 million units in the first half of 2020, down 28.6 percent from the previous year.
Sales of imported vehicles in Japan sank by record 46% in May
Unit sales have fallen for eight consecutive months since October 2019, when the consumption tax was hiked to 10 percent from 8 percent on Oct. 1.
Trump administration closes antitrust probe of carmakers over emissions pact
The Justice Department has abandoned its antitrust probe of four automakers that sided with California over President Donald Trump in a fight over the future of fuel economy and emissions requirements. The inquiry had targeted Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen ...
Toyota second in 2019 global car sales, overtaking Nissan-Renault
Toyota sold a record 10.74 million units globally in 2019, up 1.4 percent from a year earlier.
Car sales in China continued to decline in November, extending a historic slump and all but ensuring a second straight annual drop for the world's biggest auto market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 4.2 percent from a year earlier ...
Volkswagen AG is facing one of the largest-ever U.K. class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the drivers opened their case Monday, and ...
