Tag: Auto industry
Volkswagen says cost cuts are urgently needed as its earnings decline sharply
BERLIN -- Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced...
Volkswagen's employee council says automaker plans to close at least 3 German plants
BERLIN -- Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company's...
The CEO of Ford says he's been driving a Xiaomi EV for the past 6 months and doesn't want to give it up
Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months.Farley described Xiaomi as an...
General Motors overcomes US sales drop and China losses to post quarterly profit of $3 billion
DETROIT -- U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to...
'Blade Runner 2049' producers sue Elon Musk over AI image
LOS ANGELES -- A film production company that helped make “Blade Runner 2049” has sued Tesla and its CEO Elon Musk for using...
2nd major recall for Honda in October, this time for pumps that can crack, leak fuel
Honda is recalling more than 700,000 vehicles because the high-pressure fuel pump may crack and leak fuel, which could increase the risk of...