Bentley: No Plans for 2nd SUV, Bentayga Fastback

July 26, 2019 at 7:39 AM

Volkswagen AG’s Bentley brand isn’t developing a “baby” SUV or a coupe-like fastback variant of its Bentayga SUV/crossover vehicle.

Renault Cuts Outlook as Sales Drop

July 26, 2019 at 2:07 AM

Renault SA has lowered its revenue forecast for 2019 to flat after sales in the first half of the year shrank 7% to 1.94 million vehicles.

Michelin Sales Up, Earnings Down

July 26, 2019 at 1:03 AM

Michelin & Cie. reports its revenue in the first half of 2018 climbed 11% to €11.9 billion ($13.1 billion), thanks to favorable exchange rates, a richer sales mix gains in sales to the mining industry.

ECB Ponders Rate Cut As Europe’s Outlook Slides

July 25, 2019 at 5:28 PM

The European Central Bank agreed to hold interest rates steady today. But President Mario Draghi hints at a future cut because the outlook for Europe’s economy “is getting worse and worse.”

Losses Deepen for Tata Motors and JLR Unit

July 25, 2019 at 4:13 PM

Net losses at Tata Motors Ltd. nearly doubled to 37 billion rupees ($536 million) in the Indian company’s fiscal first quarter ended June 30.

VW Group Revenue, Profits Rise

July 25, 2019 at 2:41 AM

Volkswagen AG’s retail sales slipped in April-June. But revenue and operating profits improved for the quarter and through the first half of 2019.

Aston Martin Cuts Sales, Investment Outlook

July 24, 2019 at 4:34 PM

Iconic British carmaker Aston Martin Lagonda Ltd. has lowered its unit sales forecast 11%, trimmed its investment plans and is poised to cut production.

PSA’s Profits Climb 11% in First Half

July 24, 2019 at 3:57 PM

PSA Group posted big profit gains in the first half of 2019 in spite of a dip in revenue.

Valeo’s Sales, Earnings Drop

July 24, 2019 at 1:57 PM

Parts supplier Valeo SA reports its revenue, operating income and net profit fell in the first half of 2019 because of declining vehicle production, especially in China.

Report: New McLaren Speedster in the Works

July 24, 2019 at 10:58 AM

McLaren Automotive Ltd. is developing a two-seat open-cockpit speedster, sources tell Autocar.

Daimler Posts Net Loss as Revenue Rises

July 24, 2019 at 3:03 AM

Daimler AG posted a net loss attributable to shareholders of €1.3 billion ($1.4 billion) in the second quarter, reversing a €1.7 billion gain in the same period last year.

Truck Sales Rise Again in Europe

July 24, 2019 at 2:24 AM

June sales of commercial trucks and buses across Europe rose 3% to 263,600 units, as strong demand for heavy trucks offset a downturn in deliveries of light-duty commercial vehicles.