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Geneva car show axed as virus wipes $5 trillion off markets

28 Feb 2020

The rapid spread of coronavirus raised fears of a pandemic on Friday, with countries on three continents reporting their first cases and Swiss authorities cancelling the giant Geneva car show....

Profit jumps at PSA ahead of Fiat merger programme

26 Feb 2020

Peugeot maker PSA Group has weathered the weaknesses in the automobile sector and able to register remarkable results. Besides, its merger partner Fiat Chrysler said that cornonavirus outbreak has not...

GM to sell Thailand plant in latest restructuring of its global business

17 Feb 2020

General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thailand plant in the latest restructuring of its global business, costing the US...

Fiat Chrysler, PSA agree for a merger in $50 billion deal

18 Dec 2019

Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA have reached a binding agreement over a roughly $50 billion merger that will reshape the global car industry. Europe’s second and third...

GM plans to expand lineup of vehicles using new technology

11 Dec 2019

General Motors (GM) to expand the lineup of vehicles using its large truck and sport utility vehicle (SUV) architecture and sees big opportunities in over-the-air software updates, President Mark Reuss...

Hyundai to invest $51.81b for electric, autonomous vehicles

04 Dec 2019

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with the expenditure mainly focused on electric and autonomous vehicles,...

New car launches take front stage at Dubai International Motor Show

13 Nov 2019

Inayat-ur-Rahman With over 500 cars on display, the Dubai International Motor Show (DIMS) opened its doors on the second day to crowds of motoring enthusiasts and families who were...

GM slashes earnings forecast as US labour strike hits production

30 Oct 2019

General Motors (GM) slashed its earnings forecast for 2019, saying that a 40-day US labour strike by the United Auto Workers (UAW) union that brought virtually all of its North...

French industry morale lowest since 2015

23 Oct 2019

French industry morale touched 4 1/2-year low as trade tensions continue to bite the economy. The industry morale fell unexpectedly in October to its lowest level since early 2015 as...

Japan’s exports decline for ninth straight month on weak demand

18 Sep 2019

Japan’s exports slipped for a ninth straight month in August as international trade tensions ramped up risks for the world’s third-largest economy, although the decline was slightly smaller than...

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