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Ferrari’s Revenue, Core Earnings Climb
8/5/2019Ferrari NV reports that its shipments of its supercars in the second quarter rose 8% to 2,700 units. Net revenue climbed 9% to €984 million ($1.1 billion).
7% of U.S Car Sales to Be Electrics by 2025?
8/5/2019Sales of electrified vehicle in the U.S. will reach 1.1 million units and capture nearly 7% of the passenger vehicle market by 2025, IHS Markit predicts.
Ex-UAW Official Sentenced to 15 Months in Prison
8/5/2019Norwood Jewell, a former vice president of the United Auto Workers union, has been sentenced to 15 months in prison and a year of probation in a corruption scandal involving the UAW and Fiat Chrysler Automobiles NV.
Korea Fines 4 Japanese Suppliers for Price Fixing
8/5/2019Four Japanese auto suppliers have been fined a combined 92 billion won ($76 million) by South Korea’s Fair Trade Commission for rigging bid prices on electrical components sold to Korean carmakers.
Subaru’s Quarterly Revenue, Profits Jump
8/5/2019Subaru Corp. reports big gains in revenue and operating profit, thanks to booming demand for its all-wheel-drive vehicles in the U.S.
DiDi Chuxing Spins Off Robotic-Car Unit
8/5/2019Chinese ride-hailing giant DiDi Chuxing Technology Co. has set up its autonomous driving operations as a separate company in a bid to bolster investment in the unit.
New-Car Sales Rise 5% in Germany
8/5/2019Demand for cars and crossover vehicles in Germany grew 5% to 332,800 units in July, according to KBA, the country’s motor transport agency.
JLR Will Add 5 Models by 2021
8/5/2019Jaguar Land Rover Ltd. plans to introduce five new models over the next two years, Autocar reports.
Chinese Startup Readies Luxury EV
8/5/2019Chinese electric vehicle startup Human Horizons (HH) plans to debut its first vehicle, the HiPhi 1, in early 2021.
Maruti Suzuki Drops Extra Shifts as Sales Slide
8/5/2019Maruti Suzuki India Ltd., which controls half of India’s passenger car market, is likely to cut production to a single shift at all three of its factories, sources tell the Economic Times.