Sales

PSA’s Group Revenue Slips as Unit Sales Drop 16%

April 25, 2019 at 2:13 AM

PSA Group says its unit sales skidded 16% to 886,000 cars in January-March, mainly because of suspended operations in Iran.

Sales

Commercial Truck Sales in Europe Climb Again

April 25, 2019 at 2:10 AM

Deliveries of commercial vehicles across Europe grew 4% to 280,200 units in March, trade group ACEA reports. It was the third straight month of year-on-year gains.

Finance

Profits Skid 22% for Volvo Cars

April 25, 2019 at 1:30 AM

Volvo Car Corp. reports its first-quarter vehicle sales grew 9% to 161,300 units on gains in all major markets. Revenue climbed 11% to 62.9 billion kronor ($6.7 billion).

People

UPDATE: Ghosn Granted Bail, Again

April 25, 2019 at 1:01 AM

A court in Tokyo has again granted bail to former Nissan Motor Co. Chairman Carlos Ghosn, who could be released today.

Finance

Tesla Posts $702 Million Loss in First Quarter

April 25, 2019 at 12:20 AM

Tesla Inc. trimmed its first-quarter loss 11% to $702 million year on year. Revenue zoomed 33% to $4.5 billion, but quarter-to-quarter sales fell by 30,000 units.

Economics

Trump Priority: Update NAFTA First, Then Drop Metals Tariffs

April 24, 2019 at 6:21 PM

The White House wants Congress to ratify the updated North American trade deal before considering whether to drop U.S. tariffs on imported steel and aluminum from Canada and Mexico.

People

Nissan Names New U.S. Sales Chief

April 24, 2019 at 5:11 PM

Nissan Motor Co. has chosen Airton Cousseau, managing director of its China venture with Dongfeng Motor Co., to take over U.S. sales and marketing on June 1.

New Product

Best Interiors Winners Split Between Cars and Light Trucks

April 24, 2019 at 2:41 PM

This year's 10-best vehicle interiors chosen by WardsAuto.com are evenly split between conventional cars and a mix of SUV/crossovers and a pickup truck.

EV-Hybrid

London Startup Launches Electric City Car

April 24, 2019 at 2:05 PM

London-based electric vehicle startup Space Options Ltd. is launching its range of all-electric “Me” quadricycles under the company’s Siticars brand.

New Product

New Toyota/Subaru Sports Coupes May Get Toyota Platform

April 24, 2019 at 12:34 PM

Toyota Motor Corp. and Subaru Inc. may move from the current Subaru chassis to a Toyota architecture for second-generation versions of their co-developed sports coupes.

Finance

Nissan Issues Another Profit Warning

April 24, 2019 at 11:54 AM

Nissan Motor Co. now expects its operating profit for the fiscal year ended March 31 plunged 29% to 318 billion yen ($2.8 billon), its worst result in nearly 10 years.

Tech

Ford Joins Amazon Connectivity Platform

April 24, 2019 at 11:13 AM

Ford Motor Co. and its Autonomic affiliate have signed a multi-year deal to work with Amazon Web Services on connected vehicle technologies.