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Vehicle Output Falls Again in U.K.
Car production in the U.K. dropped 13% to 89,300 units in August, marking the third consecutive month of year-on-year shrinkage, the Society of Motor Manufacturers and Traders reports.
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GAC to Reveal European Plans at Paris Auto Show
China’s Guangzhou Automobile Group Co. will use next week’s Paris auto show to unveil a new model and detail its plans to enter the European market.
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BMW Taps Wendt to Head Purchasing and Supply Chain
BMW AG has promoted Andreas Wendt to oversee its supply chain and purchasing activities, effective Oct. 1. He succeeds Markus Duesmann, who quit in July to join Volkswagen AG.
Read MoreHennessey Targets Speed Record
Houston-based tuner Hennessey Performance Engineering says its next-generation Venom F5 supercar should easily top 300 mph, which would make it the fastest street legal car in the world.
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Ford Tries Online Car Sales in U.K., Again
Ford Motor Co. is hoping for the third time to launch successful online sales in the U.K., its largest market in Europe.
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Fed, Citing Strong Economy, Raises Interest Rates
As expected, the U.S. Federal Reserve increased its benchmark lending rate by 0.25 of a point to a range of 2%-2.25%.
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Tesla Stages End-of-Quarter Sales Blitz
Tesla Inc. is rolling out sales incentives and a bevy of owner-volunteers to work at delivery centers to help bolster third-quarter sales, Bloomberg News reports.
Read MoreSkoda Concept Previews Hybrid Hatchback
Volkswagen AG’s Skoda unit will publicly unveil its Vision RS concept car at next week’s Paris auto show.
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GM’s Cadillac Unit Moving Back to Detroit
General Motors Co. is returning the headquarters of its Cadillac luxury brand to metropolitan Detroit, three years after the office relocated to New York City.
Read MoreLucid Motors to Use Electrify America Charging Network
Lucid Motors Inc. has signed an agreement that will allow buyers of its upcoming electric vehicles to use Volkswagen AG’s Electrify America charging network.
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