CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit

CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit

Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in...

Early CDK Global DMS return helped ease Group 1’s Q2 losses

The auto retailer estimates it lost $17 million in pretax income in the second-quarter due...

Volvo softens EV-or-bust strategy as hybrids show promise

Some Volvo dealers fear the consequences of sticking to the 2030 target as EV growth...

Maserati under scrutiny after disappointing first half

Stellantis CFO Natalie Knight said there could be ‘some point in the future’ when the group...

North American EV battery capacity plans grow tenfold after incentives, Energy Department says

Planned battery cell production would power about 14 million light-duty EVs annually by 2030, according...

China poised to lead global auto market, S&P Global says

BYD has emerged as a top 10 manufacturer, and evolving retail networks and new factories...

UAW, Lear reach tentative agreement, ending strike that idled GM Wentzville plant

The UAW and Lear Corp. reached a tentative agreement at a Missouri seating factory late...

Stellantis awaits first shipment of Leapmotor cars from China

Sales of the T03 small EV and C10 midsize SUV from Stellantis’ “15th brand” are set...

4 takeaways from Tesla’s Q2 earnings as profit plunges

Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in...

Tesla, Fiat, Dacia gain from Italy CO2 incentives

Italy’s eco bonus benefits battery-electric vehicles, hybrids as well as fuel-efficient combustion cars....

STMicro cuts full-year outlook for second time

STMicroelectronics cut its full-year revenue and margins guidance for a second time this year on...

Stellantis awaits first shipment of Leapmotor cars from China

Sales of the T03 small EV and C10 midsize SUV from Stellantis’ “15th brand” are set...

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