Business

Ford Launches U.K. Scrappage Plan for Pre-2010 Cars

August 22, 2017 at 12:30 AM

Ford Motor Co. is offering customers who scrap a car that is more than 7 years old £2,000 ($2,600) toward the purchase of a new vehicle.

Sales

Car Sales Surge 37% in Indonesia

August 22, 2017 at 12:00 AM

New-car deliveries in Indonesia jumped 37% year on year to 84,900 units last month, according to the Jakarta-based Assn. of Indonesia Automotive Industries (Gaikindo).

Economics

Used-Car Prices in U.S. Down 17%

August 22, 2017 at 12:00 AM

The average price of a used car in the U.S. has dropped to $15,300 from $18,400 2 months ago, according to car market analytics company Black Book.

New Product

Mercedes to Unveil Fuel Cell Vehicle in Frankfurt

August 21, 2017 at 6:33 PM

Daimler AG’s Mercedes-Benz unit will take the wraps off a fuel cell-powered version of its GLC crossover vehicle at next month’s Frankfurt auto show.

Sales

Demand for Motorcycles Fades in Japan

August 21, 2017 at 6:06 PM

Motorcycle makers in Japan are phasing out models as regulatory costs rise and sales decline.

New Product

Ferrari Cools on Plans to Resurrect Dino

August 21, 2017 at 5:43 PM

Ferrari NV CEO Sergio Marchionne has downgraded the prospects for a new version of the company’s Dino sports car from a near certainty to an idea that’s being “kicked around” and debated internally.

New Product

Skoda Will Continue Quest for Emerging-Market Car

August 21, 2017 at 5:00 PM

Volkswagen AG’s Skoda brand says it will continue to develop a low-cost entry-level car after Tata Motors Ltd. backed out of an alliance to do just that.

Business

Hagerty Buys Classic Vehicle Car-Sharing Business

August 21, 2017 at 11:00 AM

Traverse City, Mich.-based Hagerty Group LLC has acquired Classics&Exotics, which the company says is the only peer-to-peer car-sharing service for classic vehicles in the U.S.

Sales

Mercedes Tops 1 Million Sales of GLK/GLC Crossovers

August 21, 2017 at 9:52 AM

Daimler AG’s Mercedes-Benz brand says cumulative sales of its GLK/GLC model have surpassed 1 million units since the compact crossover/SUV was launched 10 years ago.

Business

China's Great Wall Plans Bid for Jeep

August 21, 2017 at 1:22 AM

The president of China’s Great Wall Motor Co. tells Automotive News her company intends to buy Fiat Chrysler Automobile NV’s iconic Jeep brand.

Legal

U.S. Seeks Extradition of Audi Exec Linked to Diesel Cheating Scandal

August 21, 2017 at 12:39 AM

The U.S. has requested that Germany hold a former executive with Audi AG for extradition on charges he defrauded regulators and consumers by helping to develop illegal software used to cheat on diesel emission tests.

New Product

VW Confirms Electric Microbus for 2022

August 21, 2017 at 12:30 AM

Volkswagen AG verifies media reports last week that it will introduce a production version of its electric I.D. Buzz microbus concept.