The German carmaker’s investment, comes months after General Motors injected $500 million into US ride-hailing app Lyft, the FT reports. » Read More
The U.S. auto industry in April rebounded sharply from a bitter and extended winter, with car sales rising 8 percent from the previous year.
German car maker Volkswagen's business is falling short of expectations in Russia, its CEO told CNBC at the Auto China show on Sunday.
Ford says the key to its success in the market has been its wide range of product offerings that allow it to effectively target first-time buyers.
As the Beijing Auto Show kicks off on Monday, Martin Winterkorn, Chairman and CEO at Volkswagen, says plug-in hybrids will dominate its lineup in China for alternative energy cars.
Toyota Motor aims to double auto sales in China to around 2 million vehicles a year in the future, a senior executive said on Sunday.
Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market.
CNBC's Phil LeBeau reports Volkswagen has issued a "stop sale" order on certain models of Passats, Jettas, Beetles, and Beetle convertibles, due to a potential fire hazard.
European shares closed higher on Wednesday, following a rebound led by the auto sector, after the heavy selling seen at the start of the week.
The Alliance of Automobile Manufacturers and Tesla have petitioned to permit manufacturers to replace mirrors with digital cameras.
Labor unions, blamed for the financial woes of other car companies, actually helped save Ford Motor, Bill Ford tells CNBC.
Obama tells the EU to take politically difficult steps to develop their own resources tor reduce reliance on Russia.
All 2014 model year 911 GT3 sports cars are affected. Owners have been told to stop driving them because they could catch fire.
Car sales in Europe continued to show strong growth in February, posting a 7.6 percent increase from the same period in 2013, according to an industry body.
Japan's Nikon was stung at the weekend by criticism from China's state broadcaster CCTV for selling defective products and poor customer service.
Higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides.
The union had nothing to offer the autoworkers, says Sen. Bob Corker, (R-TN), speaking out against UAW charges that he interfered in the union vote at a Volkswagen plant in Chattanooga. The employees prevailed, says Sen. Corker.
European stocks closed higher on Monday, boosted by a strong demand for Spanish shares after the country was upgraded by Moody's Investors Service.
Shares in Volkswagen plunged on Monday after the group announced plans to buy out the rest of Scania.
CNBC's Phil LeBeau looks at the improving worldwide demand for turboprops and business jets.
CNBC's Phil LeBeau provides insight on the threat from German auto unions against Volkswagen.