Audi chief executive Rupert Stadler arrested in Germany
Rupert Stadler, chief executive of Audi, was arrested in Munich on Monday on suspicion of fraud and concerns he would suppress evidence in an...
Tesla cutting 9% of workforce in cost-cutting plan
Tesla will be cutting 9% of its workforce as part of a cost-cutting strategy to boost the profitability of the company.
Elon Musk, CEO and...
Daimler ordered by German government to recall 238,000 vehicles
Mercedes-Benz parent Daimler has been ordered by the German government to recall 238,000 vehicles because they were found containing “defeat devices”.
A “defeat device” is...
Land Rover moving production of Discovery SUV from UK to Slovakia
Jaguar Land Rover is relocating production of the Discovery SUV from the West Midlands in England to Slovakia from next year.
The company said that...
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...