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PSA’s Revenue Grows 5%
4/27/2017PSA Group says its unit sales in January-March rose 4% to 729,400 vehicles, and revenue grew 5% to €13.6 billion ($14.9 billion).
UPDATE: Tesla Showers Workers with Incentives at Key Supplier in Germany
4/27/2017Tesla Inc. if offering workers at a critical German supplier of factory automation an array of wage hikes, job guarantees, stock options and a one-time €1,000 ($1,100) bonus in a bid to avoid a strike, Reuters reports.
Lear’s First-Quarter Profit Jumps 23%
4/27/2017Lear Corp.’s net income in the first quarter of 2017 climbed to $306 million from $248 million in the same period last year.
Trump Discounts Report He Might Quit NAFTA
4/27/2017President Donald Trump reiterates his intent to renegotiation but not abandon the North American Fair Trade Agreement, rejecting a report to the contrary on Wednesday by Politico LLC.
Report: VW May Sell Ducati Motorcycle Unit
4/26/2017Volkswagen AG is shopping its Ducati motorcycle unit to potential buyers, sources tell Reuters.
Study Shows Americans Interested in Buying EVs, Hybrids
4/26/2017One-third of Americans would consider buying a hybrid-electric car, and 15% would consider a full EV for their next vehicle, according to a new AAA survey.
Honda Civic Type R Moves to the Front of the Ring
4/26/2017Honda Motor Co.’s 2017 Civic Type R has set a new record for a production front-wheel-drive car at Germany’s famed Nurburgring Nordschleife course.
Volvo Ramps Up Output of Redesigned XC60 Crossover
4/26/2017Volvo Car Corp. on Wednesday began producing the all-new XC60 midsize crossover vehicle at its plant in Torslanda, Sweden.
Daimler Doubles First-Quarter Net Profit
4/26/2017Daimler AG reports its first-quarter revenue climbed 11% to €38.8 billion ($42.3 billion) as units sales grew 10% to 754,300 vehicles.
BMW Warns Staff to Take EV Revolution Seriously
4/26/2017BMW AG is holding a series of sobering rallies for employees to warn them that they must prepare for an “electric assault” on the traditional auto industry, Bloomberg News reports.