Tesla Motors said fourth-quarter net losses narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher sales and manufacturing efficiencies.
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Tesla Motors said fourth-quarter net losses narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher sales and manufacturing efficiencies.
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Johnson Controls plans to sell its headliner and sun visor business to an affiliate of private equity firm Atlas Holdings. Johnson Controls expects to close the deal by April 30, the supplier said today. Terms of the agreement were not disclosed.
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An Ohio man who rose to fame as "Joe the Plumber" by challenging then-presidential candidate Barack Obama on tax policy in 2008 has taken a unionized job at Chrysler Group.
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Porsche says it expects to conclude an investigation into fires that broke out in two of its 911 GT3 cars this week, after the carmaker said it would halt deliveries of the model.
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Carlos Tavares, PSA/Peugeot-Citroen's incoming CEO, laid out aggressive plans to remake the unprofitable automaker's model lineup. He said his plan is to focus on fewer models and to "scare" competitors with the new vehicles in the coming years.
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Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles.
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Fisker Automotive's new owner says the Karma sports car will come roaring back with a supercharged V8 engine -- with the help of former General Motors executive Bob Lutz.
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General Motors is working towards a largely aluminum-bodied pickup truck by late 2018, under pressure from federal fuel efficiency standards, The Wall Street Journal reported, citing people familiar with the matter.
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Sonic Automotive Inc. today posted an 8 percent slide in fourth-quarter net income, but the retailer says it continued to gain traction on a new pricing strategy that some of its stores have struggled with.
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Volkswagen's top labor representative threatened today to try to block further investments by the German carmaker in the U.S. South if its workers there are not unionized.
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Volkswagen's top labor representative threatened today to try to block further investments by the German carmaker in the U.S. South if its workers there are not unionized.
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Auto and technology companies are battling over a slice of coveted radio waves, with carmakers arguing the potential for lifesaving crash-avoidance systems should take precedence over more Wi-Fi for Web data and video.
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Toyota, Japan's largest manufacturer and employer, said the wage increases labor unions have demanded going into annual negotiations this year were "surprisingly high."
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Toyota, Japan's largest manufacturer and employer, said the wage increases labor unions have demanded going into annual negotiations this year were "surprisingly high."
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Ferrari posted a 5 percent rise in revenue last year, even as deliveries of its supercars fell 5 percent as the automaker cut production to maintain exclusivity.
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