© Reuters. FILE PHOTO: Unused rental cars fill the Dodger Stadium parking lot as the spread of the coronavirus disease (COVID-19) continues, in Los Angeles By Rachit Vats (Reuters) – The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumerRead More →
© Reuters. LA Auto Show in Los Angeles FRANKFURT (Reuters) – Volkswagen Group (DE:) said on Thursday its vehicle deliveries last year were slightly above the previous year’s level, revising up an earlier forecast which predicted 2019 sales would be level with the year before. In 2018, the multi-brand carRead More →
WASHINGTON (Reuters) – Daimler AG’s Mercedes-Benz USA (DE:) has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls, according to a government document seen by Reuters. Under the terms of the settlement, the German automaker will pay $13 million and faces another $7 million fineRead More →
© Reuters. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the NYSE in New York By Jonathan Stempel NEW YORK (Reuters) – A Manhattan judge has dismissed Uber Technologies (NYSE:) Inc’s lawsuit challenging a New York City law limitingRead More →
NEW DELHI (Reuters) – India’s passenger vehicle sales slumped 23.7% in September – the eleventh straight month of declines – amid one of the worst slowdowns seen in the auto industry, data released by an industry body showed on Friday. Passenger vehicle sales dropped to 223,317 units in September, theRead More →
© Reuters. FILE PHOTO: Peter, CFO of German luxury carmaker BMW, addresses the company’s annual news conference in Munich SHANGHAI (Reuters) – BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker. “We have no plansRead More →
© Reuters. The Hyundai logo is seen outside a Hyundai car dealer in Golden By David Shepardson (Reuters) – A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney GeneralRead More →
