JLR Profits Plunge on Asset Writedowns

February 07, 2019 at 2:27 PM

Jaguar Land Rover Ltd. reports that its unit sales, revenue, earnings, operating margin and net profit all shrank in the fiscal third quarter ended Dec. 31.

Report: Nissan Doesn’t Want to Share Its Chairman with Renault

February 07, 2019 at 8:01 AM

Nissan Motor Co. won’t support Renault SA’s suggestion that its new chairman also serve as chairman of the Japanese carmaker, a source tells Bloomberg News.

Volvo Profits Stall as Sales Zoom

February 07, 2019 at 1:47 AM

Volvo Car Corp. saw revenue climb 21% to 253 billion kronor ($27.5 billion) last year, as unit sales rose 12% to a record 642,300 vehicles.

Car Sales Drop 8% in Spain

February 07, 2019 at 12:35 AM

Registrations of new passenger vehicles in Spain fell 8% to 93,500 units last month, according to trade group ANFAC.

Daimler Sales Up, Profits Down

February 06, 2019 at 1:34 PM

Daimler AG hiked its revenue and unit sales in 2018 by 2% each to €167.4 billion ($190.5 billion) and 3.4 million passenger vehicles and commercial trucks, respectively.

Sweden Opens AI Innovation Center

February 06, 2019 at 1:13 PM

Sweden’s Innovation Agency has opened a technical center in Gothenburg that will focus on developing artificial intelligence, deep learning technologies and related applications.

U.K. May Allow Driverless Vehicle Testing This Year

February 06, 2019 at 11:29 AM

The U.K. is developing guidelines that later this year could allow fully autonomous vehicles to be tested on public roads without a backup driver.

Daimler, Geely Mull Deeper Alliance

February 06, 2019 at 8:42 AM

Daimler AG is in talks about broadening its relationship with China’s Geely Group, which a year ago acquired a nearly 10% stake in the German firm.

More Shrinkage for U.K. Car Market

February 06, 2019 at 12:54 AM

New-car registrations in the U.K. declined 2% to 161,000 last month, continuing a downward trend that began last September.

Car Sales Slip 1% in Germany

February 06, 2019 at 12:19 AM

Registrations of personal vehicles in Germany totaled 265,700 units in January, down 1% from the same month last year, according to the country’s motor transport authority.

Report: VW Seeks Swedish Investors for Traton Truck IPO

February 05, 2019 at 5:37 PM

Volkswagen AG is pursuing several Swedish investment funds to become founding shareholders of Traton AG, the commercial truck company it plans to list in April, sources tell Reuters.

Bosch to Buy Telematics Firm

February 05, 2019 at 4:08 PM

Robert Bosch GmbH’s Service Solutions unit has agreed to purchase LAWA Solutions GmbH, a Giessen, Germany-based startup that specializes in cloud-based software for roadside assistance and repair shops.