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Ford Motor, General Motors’ Vauxhall division and Nissan are among automakers that have raised prices for their new cars in the UK in response to the pound’s collapse following the country’s vote to leave the European Union.
Jaguar Land Rover will create a fleet of more than 100 research vehicles over the next four years to test autonomous and connected technology, with the first models to hit the streets later this year.
Nissan and Daimler have joined Ford in supporting Prime Minister David Cameron’s bid to keep the UK inside the European Union.
General Motors Co said it was starting a car-sharing service in the United States as it joins at least two other automakers testing the market for consumers who want to borrow vehicles rather than own them.
General Motors Co. said today it is launching a car-sharing service called Maven in Germany and the U.S., joining at least two other automakers testing the market for consumers who want to borrow cars rather than own them.
Volkswagen must sell its shares in estranged partner Suzuki, an international court has decided, ending a nearly four-year battle over a dysfunctional alliance between the two carmakers.
Russia’s government is weighing whether to inject up to 10 billion rubles ($176 million) of additional support for local automakers to stem the plunge in car sales, Industry Minister Denis Manturov said.
The European Commission has approved a Czech investment incentive for the company Nexen Tire. Tire factory near Zatec can obtain regional support in the amount of nearly 117 million euros (over 3.2 billion). The Commission has announced it in a press release.
Toyota is expanding a recall previously issued in North America to the rest of the world including Europe to replace potentially deadly passenger-side airbag inflators made by Takata Corp.
Porsche launched a precautionary worldwide recall of its 918 Spyder plug-in hybrid sportscar, which can cost up to 850,000 euros ($937,000), saying a carbon fiber part could damage the cooling system and needed to be checked.
Toyota Motor and Nissan Motor are recalling more than 6.5 million cars globally to replace potentially faulty airbag inflators made by Takata Corp.
Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country’s economic downturn.
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