News | Latest Breaking News Stories & Headlines

Ferrari CEO Benedetto Vigna reiterated the company would present its first fully-electric car in the fourth quarter of 2025

Ferrari will always make its cars in Italy, CEO says

Ferrari will always make its luxury sports car in its hometown of Maranello, northern Italy, including its first fully electric model expected next year, its chief executive Benedetto Vigna has said.

Business • 11 Dec 24

Slowing sales and production volume stalled the world's top-selling automaker's recent record run

Toyota posts first quarterly profit drop in two years

Toyota Motor has today posted its first quarterly profit drop in two years, as slowing sales and production volume stalled the world's top-selling automaker's recent record run.

Business • 06 Nov 24

Michelin last month lowered its annual profit forecast due to a more marked slowdown than expected in the auto market in the third quarter

Michelin to close two French plants by 2026

Michelin will close two factories in France by early 2026 affecting about 1,250 jobs, the French tyre maker said today, the latest cutback in a European auto industry battling subdued demand and cheap Asian competition.

Business • 05 Nov 24

Peugeot owner PSA has closed plants as governments enforce lockdowns to fight the pandemic, while dealerships are also closed

Peugeot maker PSA says prepared for fall in car demand

PSA has enough funds to cope with a halving in car industry sales this year, the French carmaker said today as it warned of a plunge in demand due to the coronavirus pandemic.

Business • 21 Apr 20

Jaguar Land Rover posted a 6% decline in sales last year

Jaguar Land Rover to cut 10% of workforce at UK plant

British carmaker Jaguar Land Rover said today it will cut around 10% of the workforce at its Halewood factory in England as it changes shift patterns to boost efficiency at the site.

Business • 22 Jan 20

Ford told the British Prime Minister that it may have to use alternatives sites outside Britain because of Brexit

Ford said it could move business from UK due to Brexit

Ford told British Prime Minister Theresa May during a conference call this week that it may have to move some production out of Britain because of Brexit, according to a source on the call.

Business • 13 Feb 19

The 0.2% drop in German GDP was worse than the 0.1% slip forecast by analysts

Germany's Q3 GDP drops by 0.2%

Economic output in Europe's largest economy Germany shrank by 0.2% in the third quarter, more than reversing a gain of 0.5% in the previous three months, official data showed today.

Business • 14 Nov 18

Car Industry