Tag: Auto industry
Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troubles
ROME -- Italian lawmakers on Friday questioned the head of Stellantis, the world's fourth largest automaker, over the group’s strategy, one day after...
Ratan Tata, the former chairman of Indian conglomerate Tata Sons, dies at age 86
NEW DELHI -- Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was...
Carmaker Stellantis slashes forecasts, faces industry slump and Chinese competition
MILAN -- Carmaker Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations...
Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis
ROME -- Workers in Italy's automotive sector will go on strike on Oct. 18, the main metalworkers unions said Tuesday, in protest of...
Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories
DETROIT -- Former President Donald Trump on Tuesday repeated false claims that Chinese automakers are putting up large factories in Mexico, vowing during...
BMW braking system recall contributes to decision to cut back 2024 outlook
NEW YORK -- BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the luxury German car maker...