Industry

Nissan confirmed Friday that its electric car battery manufacturing division will be sold to Envision Group, a Chinese energy company specializing in renewables and energy management systems. The confirmation comes following the cancellation of an earlier deal to sell the division to another firm...

Gordon Murray will perhaps forever be known as the designing force behind the McLaren F1. But, he's even more thrilled to be working on a new sports car with F1 inspiration. Following the sports car, we now know Murray's car company, Gordon Murray Automotive (GMA), plans for a variety of cars and...

As classic cars become more than just aspirational items and more investment pieces, buyers should always stay vigilant. Today, it's easy for criminals to scam would-be buyers out of a sale with a little creativity and the Internet. Many enthusiasts found that out the hard way over the past two...

Ferrari shares dropped 11 percent on Wednesday after new CEO Louis Camilleri told analysts in a conference call that profit targets previously announced by his predecessor Sergio Marchionne were "aspirational." Nevertheless, Camilleri will still attempt to reach the targets, which call for an...

Cosworth isn't best known for its self-driving car technology, but that could very well change one day. The legendary maker of Formula 1 and other high-performance engines plans to expand into the self-driving car arena, and it's using race data to expedite its offerings. Company CEO Hal Reisiger...

Car subscriptions are uncharted territory for major automakers, especially as it remains unclear how much partakers will be willing to spend for the ability to swap in and out of cars nearly seamlessly. BMW is the first to realize it perhaps asked a bit too much. The German brand announced...

Sergio Marchionne's resignation from the top post at Fiat Chrysler Automobiles on July 21 due to health reasons and his subsequent death four days later came as a shock to many, including close employees at the automaker he ran. This is despite Marchionne having had received treatment from...

Following a one-two-three finish from Genesis, Hyundai, and Kia in the 2018 J.D. Power Initial Quality Study, Genesis has struck again. The Korean luxury brand was measured as the highest-ranked in the 2018 J.D. Power APEAL (Automotive Performance, Execution and Layout) Study, throwing Porsche from...

Self-driving cars are most commonly linked with the taxi industry but this is just one area where they could potentially operate. Waymo is now expanding its trial of self-driving cars that's underway in Phoenix, Arizona to show how other companies can benefit from using self-driving cars. Waymo...

Could Land Rover have a radical new model in the works? A new trademark filing has fueled speculation that the SUV-centric brand could bring a more road-biased model to market. Autocar reported on the trademark filing Wednesday, but little else is known about what Jaguar Land Rover may do with the...

Sergio Marchionne's death Wednesday left a hole in the automotive industry that may last for decades. The plainspoken, sweatered CEO of Fiat Chrysler Automobiles pulled few punches in public—and fewer in private. Longtime interior designer at FCA, Klaus Busse, tweeted Wednesday that design...

Former Fiat Chrysler Automobiles CEO and Ferrari Chairman and CEO Sergio Marchionne has succumbed to the complications that arose following recent shoulder surgery at a hospital in Zurich, Switzerland. He was 66. His passing was confirmed Wednesday by John Elkann, grandson of Gianni Agnelli and...

Germany's Opel is already seeing the results of synergies with new parent PSA Group as the brand has just reported its first profit in almost two decades. Opel (Vauxhall in the United Kingdom) on Tuesday reported sales of 550,900 units and a profit of $587 million for the first six months of 2018...

Volkswagen chairman Herbert Diess believes the auto show circuit as we know it is dead. Instead, festivals and dynamic events like the Goodwood Festival of Speed are the way forward for such events, he told Motoring in an interview published Tuesday. Not only will festival atmospheres take over...

Each and every day, Alphabet Inc.'s Waymo self-driving car subsidiary sees its fleet of autonomous vehicles drive a combined distance of 25,000 miles—and the mileage is even higher when counting simulated miles. The company shared its latest achievement on Friday, when it also revealed that...

Sergio Marchionne, longtime CEO and chief for Fiat Chrysler Automobiles, stepped down Saturday due to serious complications after surgery, the company announced. Mike Manley, head of Jeep and Ram brands, replaced him. John Elkann, grandson of Gianni Agnelli and chairman of the company that controls...

Come 2022, China will officially scrap ownership limits on foreign automakers and the joint-venture agreements those limits require. However, the country has given BMW and Volkswagen an early lead on removing the limits. Both German automakers signed agreements with their joint-venture partners in...

Volvo has started sourcing XC60 SUVs for sale in the United States from Sweden instead of China to avoid new tariffs introduced this month by President Donald Trump's administration on certain Chinese-made goods. The information was confirmed by Volvo CEO Håkan Samuelsson in an interview with...

Hundreds of Tesla Model S owners in Germany will be required to repay a $4,650 electric car subsidy after the country's Federal Office for Economic Affairs and Export Control ruled the car does not qualify. Around 800 owners will be responsible for the sum after the agency declared the Model S is...

It's been seven years since Lamborghini began production of the Murciélago-replacing Aventador, and five since the Gallardo left us in favor of the Huracán. On Tuesday, both nameplates reached significant milestones. Lamborghini announced it has produced the 8,000th Aventador and the...