Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

2August 2024

Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

Magna International took the unusual step of lowering its outlook for its 2026 financial performance...

2August 2024

Penske Automotive rebrands UK CarShop business, sells 3 stores

Penske Automotive Group Inc.’s CarShop stores in the United Kingdom now use the Sytner Select...

2August 2024

New VW Transporter gets longer, wider and adds electric, hybrid drivetrains

The Transporter is the final van to be launched as part of a 2020 agreement...

2August 2024

Lucid to report Q2 earnings amid worries over cash burn, hopes for Gravity crossover

The EV startup, which launched the Air sedan in 2021, delivered a record 2,394 electric...

2August 2024

CDK outage fuels 86% drop in Asbury Q2 net income

Lost business and one-time costs related to the CDK Global outage contributed to an 86...

2August 2024

Audi will drop four-ring logo on new China EVs, report says

Electric cars co-developed by Audi and SAIC might have a new logo or just use...

2August 2024

Reengineered 2025 Toyota GR Corolla hot hatch picks up optional automatic, added torque

Toyota has reengineered its popular GR Corolla hot hatch to offer an optional eight-speed automatic...

2August 2024

Take AN’s exclusive tour of Lexus’ new high-tech HQ in mountains of Toyota City

Lexus finally moves into its new, unified global headquarters, a sprawling high-tech R&D and design...

2August 2024

Jaguar Land Rover output hit by aluminum shortage

Supplies of the key lightweight metal have been impacted by floods in Switzerland. Porsche, Mercedes,...

2August 2024

GM raises bar for employee performance with new ratings system

GM is now rewarding its top 5 percent of employees with 150 percent bonuses, higher...

2August 2024

NHTSA probes nearly 1 million Dodge Journeys over reports of faulty door locks, windows

The safety regulator said it was probing into inoperative door locks and windows in about...

2August 2024

Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in prisoner swap

Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He...

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