Japan's top automaker Toyota said Thursday its net profit edged 1% higher in July-September as vehicle sales grew around the world. Toyota Motor Corp. 's profit for the second fiscal quarter totaled 592 billion yen ($5. 4 billion), up from...
Amid rising trade tension, Volvo's electric brand, Polestar, is going ahead with plans to export its first Chinese-made model to the United States next year, the automaker's CEO said Tuesday. Polestar opened a factory Tuesday in the western city of...
China's auto sales fell 7. 8% in June amid a trade fight with Washington and slower economic growth, extending an unexpectedly painful downturn for automakers that are spending heavily to develop electric cars. Drivers in the global industry's biggest market...
Automakers showcased electric SUVs and sedans with longer range and luxury features Tuesday at the Shanghai auto show, wooing Chinese buyers as Beijing slashes subsidies that helped to launch the industry. Two of China's biggest state-owned automakers unveiled models they...
This year's Shanghai auto show highlights the global industry's race to make electric cars Chinese drivers want to buy as Beijing winds down subsidies that promoted sales. Communist leaders are shifting the burden to automakers by imposing mandatory sales targets...
Volvo's electric performance brand Polestar is unveiling a battery-powered compact car touted as a rival to Tesla's Model 3. The Polestar 2 is a five-door vehicle with a panoramic glass roof, an all-vegan interior and a battery with enough capacity...
China's auto sales sank for a fourth month in October as an unexpectedly painful slump in the global industry's biggest market deepened. Purchases of SUVs, sedans and minivans contracted 13 percent from a year earlier to just over 2 million...
BMW Group and the biggest Chinese SUV brand, Great Wall Motor, announced a partnership Tuesday to produce electric MINI vehicles in China as global automakers ramp up development under pressure from Beijing.The companies said they signed an agreement Monda
