Renault's incoming Chief Executive Luca de Meo said on Friday he was confident the ailing French carmaker, which has just launched major cost cuts, could deliver a positive surprise for investors after a period of faltering sales and margins.
French carmaker Renault has not asked for European Union's stringent carbon emission reduction goals to be pushed back in spite of the coronavirus crisis, Chairman Jean-Dominique Senard said on Friday.
Daimler on Friday said it had put on hold a development alliance in the area of automated driving between its luxury brand and rival German luxury carmaker BMW .
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
BMW will not extend the contracts of 10,000 contract workers, a company source told Reuters on Friday, as the German luxury carmaker seeks to reduce its capacity due to the coronavirus crisis.
Two times German Touring Car (DTM) champion Rene Rast will replace Daniel Abt at Audi's Formula E team for the remainder of the season, the manufacturer said on Friday.
Hwang Min-yong, a 37-year-old South Korean businessman, recently received his black Porsche Cayenne coupe with red leather seats after a seven-month wait and took it out for a spin on a scenic road overlooking a river near Seoul.
Nissan Motor Co on Friday said it will cut more shifts at its three assembly plants in Japan due to falling demand, as the automaker struggles to recover from a drop in sales triggered by the coronavirus pandemic.
Ryota Kawamata hadn't driven for more than a decade, but as Japan's COVID-19 crisis worsened in May, his employer near Tokyo rented him a car so he wouldn't have to use public transport.
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.
Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro ($10.1 billion) bailout.
Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.
The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.
Markus Duesmann, the head of Audi , will also head the research and development division at German carmaker Volkswagen's premium brand, two sources told Reuters on Thursday.
EU industry chief Thierry Breton has urged EU governments to be more active in setting global standards for ultralight battery metal lithium, key to many strategic industries and electric cars, or cede technological advantage to China.
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.
Nissan's chief operating officer Ashwani Gupta helped engineer the troubled automaker's latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge.
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.