Musk’s UK visit sparks speculation about British Tesla plant
LONDON -- A reported visit by Tesla CEO Elon Musk to the U.K. has prompted speculation that the entrepreneur is reconsidering Britain as a site for the production of batteries...
VW brand leadership to be discussed by board, report says
FRANKFURT -- Volkswagen Group's supervisory board was due to discuss the leadership of the company's core VW brand at an extraordinary meeting due Monday, sources familiar with the discussions told Reuters....
Porsche Cars North America CEO Klaus Zellmer says company can bounce back from COVID-19 crisis
ATLANTA — This is a milestone year for Porsche: The German sports car maker famous for its wailing flat-six engine leapt into a silent future. U.S. deliveries of the Taycan,...
ZF’s debt-funded takeover of Wabco is ill-timed
In 2008, Schaeffler, a family-owned German supplier, made an offer to buy the shares of its listed rival Continental. It almost collapsed under the debt it amassed to fund the...
EU has antitrust concerns about Fiat Chrysler, PSA deal, report says
BRUSSELS -- EU antitrust regulators are concerned about Fiat Chrysler Automobiles and PSA Group's combined high market share in small vans and may require concessions to clear their $50 billion...
Dealers see hot pickup trucks but cool inventory
For Fernando Varela, who has three Ford stores and a four-brand General Motors store in pickup-loving eastern Texas, "it's going to be an interesting summer." Varela said he anticipates a...
Car dealerships scramble after thefts, vandalism, fires put losses in millions
More than 30 franchised dealerships across the U.S. have been damaged, have had vehicles stolen or have been forced to close amid disturbances at stores that started May 29. The...
Nissan ready to concede on vans
About a decade after launching a bold assault on the Detroit 3-controlled commercial van business in the U.S., Nissan is retreating.Nissan plans to discontinue production of its NV cargo and...
The Land Rover Defender is here, but it’s in short supply
Land Rover officials would not say how many Defenders were on the ground, and though the supply of vehicles from the plant was starting to ramp up, it will be...
Mercedes-Benz USA CEO Nicholas Speeks says pandemic is chance to build better company
Speeks, 61, spoke last month with Staff Reporter Urvaksh Karkaria about the company's response to the coronavirus and his outlook for 2020. Here are edited excerpts.Q: How are you managing...