SoftBank investing $2.25bn in GM’s driverless car unit Cruise
Japan’s SoftBank is investing $2.25 billion in GM’s autonomous car unit Cruise in exchange for a 19.6% stake in the venture.
Cruise has been operating...
Fiat-Chrysler announced a massive recall of 4.8 million vehicles in the US
Fiat-Chrysler announced a massive recall of 4.8 million vehicles in the US because of a defect that can prevent drivers from turning cruise control...
Jaguar Land Rover pre-tax profits dropped to £1.5bn from £1.6bn
Jaguar Land Rover, the UK's biggest carmaker, owned by India's Tata Motors, posted annual pre-tax profits of £1.5bn for the financial year to 31 March...
Rolls-Royce is launching a new luxury SUV
Rolls-Royce is launching a brand-new luxury SUV called the Cullinan - named after the world’s biggest diamond that's part of the British crown jewels.
The...
Nissan to stop selling diesel cars in Europe
Japanese automaker Nissan announced it will phase out diesel versions of passenger cars in Europe.
The decision was made amid a slump in demand for...
Nissan sales in the US dropped 29.1% in April
Nissan posted a massive decline in US car sales in April.
Deliveries dropped by 28 percent last month, a much bigger decline than what analysts...
Ford phasing out sedans in US market
Automotive giant Ford is shaking up its US lineup by phasing out traditional sedans and hatchbacks such as the Fiesta, Taurus, and Fusion.
On Wednesday...
Jaguar Land Rover cutting 1,000 temporary jobs at Solihull
Jaguar Land Rover is cutting 1,000 temporary jobs at its plant in Solihull because of "continuing headwinds" affecting the car industry.
The automaker saw a...
Volkswagen appoints Herbert Diess as CEO
Volkswagen has appointed Herbert Diess as chief executive of the German automotive giant.
Diess replaces Matthias Müller ,who was boss of the company following the...
Tesla targeting Model Y production to start in November 2019, sources say
Tesla is targeting production of its Model Y SUV to begin in November 2019 at its Fremont, California, plant, according to a Reuters report...