News - Auto News


Daimler to cut administration costs by 20%, report says

Incoming boss Ola Kaellenius is working on a cost-cutting program, dubbed "Move," to reach profit margin targets threatened by trade talks and product launch issues, a German newspaper reported.

GM moves closer to securing Missouri tax break

State senators passed incentives that would give GM $50 million in tax credits over 10 years in return for a $750 million investment to expand a light-truck assembly plant.

Tesla shares, bonds take a hit as investors fear 'code red'

Investors worry about the automaker's cash burn, sales outlook and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric carmaker's future. One analyst called the company's predicament a "code red situation."

GM: Most vehicles to get over-the-air upgrade tech by 2023

The company's new electronic systems, designed to handle internet software downloads, will be capable of handling up to 4.5 terabytes of data processing power per hour, five times the current capability.

Jaguar Land Rover posts first profit in 4 quarters

Jaguar Land Rover expects cost reductions, led by job cuts, and a turnaround in China, where inventories have been trimmed, to shore up turnaround efforts at Britain’s largest automaker.