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PSA’s Group Revenue Slips as Unit Sales Drop 16%
4/25/2019PSA Group says its unit sales skidded 16% to 886,000 cars in January-March, mainly because of suspended operations in Iran.
Commercial Truck Sales in Europe Climb Again
4/25/2019Deliveries of commercial vehicles across Europe grew 4% to 280,200 units in March, trade group ACEA reports. It was the third straight month of year-on-year gains.
Profits Skid 22% for Volvo Cars
4/25/2019Volvo Car Corp. reports its first-quarter vehicle sales grew 9% to 161,300 units on gains in all major markets. Revenue climbed 11% to 62.9 billion kronor ($6.7 billion).
UPDATE: Ghosn Granted Bail, Again
4/25/2019A court in Tokyo has again granted bail to former Nissan Motor Co. Chairman Carlos Ghosn, who could be released today.
Tesla Posts $702 Million Loss in First Quarter
4/25/2019Tesla Inc. trimmed its first-quarter loss 11% to $702 million year on year. Revenue zoomed 33% to $4.5 billion, but quarter-to-quarter sales fell by 30,000 units.
Trump Priority: Update NAFTA First, Then Drop Metals Tariffs
4/24/2019The White House wants Congress to ratify the updated North American trade deal before considering whether to drop U.S. tariffs on imported steel and aluminum from Canada and Mexico.
Nissan Names New U.S. Sales Chief
4/24/2019Nissan Motor Co. has chosen Airton Cousseau, managing director of its China venture with Dongfeng Motor Co., to take over U.S. sales and marketing on June 1.
Best Interiors Winners Split Between Cars and Light Trucks
4/24/2019This year's 10-best vehicle interiors chosen by WardsAuto.com are evenly split between conventional cars and a mix of SUV/crossovers and a pickup truck.
London Startup Launches Electric City Car
4/24/2019London-based electric vehicle startup Space Options Ltd. is launching its range of all-electric “Me” quadricycles under the company’s Siticars brand.
New Toyota/Subaru Sports Coupes May Get Toyota Platform
4/24/2019Toyota Motor Corp. and Subaru Inc. may move from the current Subaru chassis to a Toyota architecture for second-generation versions of their co-developed sports coupes.