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Tesla Reports a $312 Million Net Profit
10/24/2018Tesla Inc. generated a net income of $312 million in the third quarter as revenue from automotive operations soared 82% to a record-high $6.1 billion.
Court Orders Porsche SE to Pay €47 Million to VW Investors
10/24/2018A German court has ordered Porsche Automobil Holding SE to pay its shareholders €47 million ($54 million) for failing to notify them quickly enough about diesel emission cheating by Volkswagen AG.
Americans Leery of Self-Driving Tech But Expect It Anyway
10/24/2018One in five Americans would consider owning a fully autonomous vehicle today, and 27% say they would ride in a robo-taxi, according to Intel Corp. and PSB Research.
Ford’s Quarterly Earnings Plunge 37%
10/24/2018Ford Motor Co.’s third-quarter revenue rose 3% to $37.6 billion. But a slump in China caused net income to shrink to $991 million from nearly $1.6 billion in the same period last year.
PSA’s Revenues Climb 8%
10/24/2018PSA Group reports that its revenue grew 8% to €15.4 billion ($17.6 billion) in the third quarter and 29% to €54 billion ($61.5 billion) through the first nine months.
Wabco Opens Americas Headquarters in Michigan
10/24/2018Brussels-based commercial vehicle technologies supplier Wabco Holdings Inc. officially opened a new headquarters this week in Auburn Hills, Mich., for its Americas operations.
Import Brands Prevail in CR Reliability Ratings
10/24/2018Domestic U.S. brand cars all finished below average in this year’s Consumer Reports auto reliability survey. Lexus and Toyota again rate first and second with scores of 78 and 76, respectively.
Audi R8 Gets New Look, More Power
10/24/2018Audi AG has given its R8 supercar a mid-cycle freshening that includes a revised front-end, more power and improved handling.
Hyundai Fuel Cell Vehicle Gets 5-Star Safety Rating in Europe
10/24/2018Hyundai Motor Co.’s fuel cell-powered Nexo crossover vehicle earned a top five-star safety rating from the European New Car Assessment Program.
Daimler, Geely Plan Ride-Hailing Service in China
10/24/2018Daimler AG and Geely Group have formed a 50:50 venture to introduce their own ride-hailing service in China, Reuters reports.