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motor vehicles

Carmaker Stellantis swings back into profit as sales climb

Carmaker Stellantis swings back into profit as sales climb

Global automaker Stellantis -- owner of the Jeep and Fiat brands -- said Thursday it had swung back into profit in the first quarter, but failed to convince investors ahead of presenting its new strategy. The 14-brand group, which also include Peugeot and Chrysler, posted a net profit of 377 million

Volkswagen warns of more cost cuts as profits plunge

Volkswagen warns of more cost cuts as profits plunge

Volkswagen's future is at risk without further cost cuts, the ailing German auto giant warned Thursday after profits plunged more than feared as headwinds mount. Europe's biggest carmaker is struggling with Chinese competition, US tariffs and patchy demand for electric vehicles, and already has plans to

Tariff refund boosts Ford results as it eyes higher metal costs

Ford raised its full-year profit forecast Wednesday after reporting stronger than estimated first quarter results based partly on $1.3 billion in tariff refunds. The big US automaker sold fewer autos compared with a year ago but pointed to robust demand for higher-priced trucks and sport utility vehicles

Mercedes warns longer Mideast war could cause shortages

Mercedes warns longer Mideast war could cause shortages

German premium automaker Mercedes-Benz warned Wednesday that a drawn-out conflict in the Middle East could cause shortages of key inputs as it reported tumbling quarterly profits due to fierce Chinese competition. Traffic in the Strait of Hormuz has slowed to a trickle as Iran and the United States

Cheaper, cleaner electric trucks overhaul China's logistics

Cheaper, cleaner electric trucks overhaul China's logistics

At a dusty lot an hour outside Beijing, a steady stream of vehicles come and go for a quick battery charge -- just one node in China's rapidly expanding network of electric trucks. While the country's prowess in electric passenger vehicles has long been known globally, electric

'Joint venture in reverse': foreign carmakers seek edge with China partners

'Joint venture in reverse': foreign carmakers seek edge with China partners

In a sprawling office in Hefei, the eastern Chinese electric vehicle hub, hundreds of employees and several robotic arms sat refining software developed jointly by German behemoth Volkswagen and Chinese EV maker XPeng. The days when foreign firms saw such partnerships largely as a necessary entrance fee to the world&

Chinese EVs, flying cars take centre stage at world's biggest auto show

Chinese EVs, flying cars take centre stage at world's biggest auto show

Thousands squeezed into the world's biggest car show Friday, snapping selfies beside Chinese electric vehicles as automakers showcased AI, humanoid robots and flying-car ambitions in a cut-throat market. Rows of influencers posed in front of gleaming models at the capital's cavernous international exhibition centre,