BMW, the German luxury car maker, reported Wednesday its third-quarter net profit soared and revenue surged on strong demand for luxury cars. “The broad recovery taking place in international car markets gives reason to believe that sales volumes will …
Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is …
Carmakers are expected to report a mixed picture for October sales: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year forecasts is reachable.
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VW has set a hefty goal for itself: to displace Toyota as the world’s No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to reall…
The automaker said it will repay $2.8 billion it owes to the United Auto Workers retiree health care trust, buy back $2.1 billion in common stock held by the federal government and make a contribution valued at $6 billion to it…