Business

Peugeot CEO outlines ambitious plan to re-enter U.S., go electric

DETROIT (Reuters) - Peugeot SA Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co to develop vehicles to re-enter the U.S. market, and said Peugeot will of

Business

Big portion of future GM electric vehicles for China market: executive

DETROIT (Reuters) - General Motors Co's China unit will sell a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday.

Business

U.S. carmakers have a remedy for slower sales: pickups and more pickups

DETROIT (Reuters) - Overall U.S. new vehicle sales could fall for the second year in a row in 2018, but Detroit's automakers are betting they can sell more high-margin pickup trucks and sport utilities to prop up profits.

Business

Exclusive: GM, DHL use a Chinese plant to lead manufacturing change

LIUZHOU, China,  (Reuters) - Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.

Technology

Automakers, U.S. lawmakers hope for progress on self-driving car bill

DETROIT (Reuters) - Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements.

Business

GM sees flat 2018 earnings, with pickups picking up in 2019

DETROIT (Reuters) - General Motors Co said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market.

Technology

Global carmakers to invest at least $90 billion in electric vehicles

DETROIT (Reuters) - Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.

Top News

Major automakers urge Trump administration: don't ditch NAFTA

DETROIT (Reuters) - Global automakers on Monday urged the Trump administration not to terminate the North American Free Trade Agreement and expressed hope the United States, Canada and Mexico can successfully conclude a modernized and improved trade pact.

Business

Fiat Chrysler CEO says no plans to sell brands to Chinese

DETROIT (Reuters) - Fiat Chrysler Automobiles NV's (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday, adding that the group was counting on its coveted

Business

U.S. automakers bet on diesel trucks after VW scandal

DETROIT (Reuters) - U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG's 2015 diesel emissions scandal.

Science

Mercedes 'can't guarantee' meeting EU carbon goals: CEO

DETROIT (Reuters) - Daimler AG's Mercedes-Benz faces a tough challenge to meet the next round of European CO2 goals and may fall short, Chief Executive Dieter Zetsche said on Monday.

Business

VW brand car sales hit 6.23 million record in 2017

DETROIT (Reuters) - Volkswagen's core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe.

Business

GM's new Chevy Silverado bids for more U.S. pickup profits

DETROIT (Reuters) - General Motors Co on Saturday will fire a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it shows a new generation of its Chevrolet Silverado pickup truck at Detroit's auto show.

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