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GM Details Bailout Plan for South Korean Unit
4/26/2018General Motors Co.’s GM Korea unit has reached preliminary agreements to avert bankruptcy.
GM’s Net Income Drops 60%
4/26/2018General Motors Co. reports that its net revenue in the first quarter slipped 3% go $36.1 billion, and net income plunged to $1 billion from $2.6 billion in the same period last year.
Magna, Toyota Founders Lead 2018 Hall of Fame Inductees
4/26/2018The Automotive Hall of Fame is adding Kiichiro Toyoda, Frank Stronach, Mike Jackson and the Magliozzi brothers to its honor roll this year.
Toyota Mobility Services Unit Opens London Office
4/26/2018Toyota Motor Corp.’s mobility services arm is opening an office in London to pursue next-generation shared services systems and related technologies.
Volvo's Polestar 1 Hybrid Coupe to Start at $155,000
4/26/2018Volvo Car Corp.’s new Polestar unit says its first model, the Polestar 1 hybrid coupe, will be base priced at $155,000 in the U.S.
Next-Gen Golf to Get Mild-Hybrid System
4/26/2018Confirming previous reports, Volkswagen AG says it will offer a mild-hybrid power system in the redesigned Golf small car due next year.
Report: China May Cut Import Tariff on Cars to 10%
4/26/2018China is considering proposals to lower its 25% import tax on foreign cars to 10% or 15%, sources tell Bloomberg News.
Nissan CEO: No Advantage in a Merger with Renault
4/26/2018Nissan Motor Co. CEO Hiroto Saikawa tells The Nikkei he sees “no merit” in fully merging the company with alliance partner Renault SA.
Ford to Eliminate All but Two Car Models in North America
4/26/2018Ford Motor Co. says it will drop almost all its conventional car models in Canada, Mexico and the U.S. over the next four years as it shifts to far more popular pickup trucks and SUV/crossover vehicles.
Ford Raises Outlook as Quarterly Profits Climb 9%
4/25/2018Ford Motor Co. reports its net income in January-March totaled $1.7 billion compared with $1.6 billion in the same period last year.