arley-Davidson Inc reported its steepest decline in domestic sales in eight years on Tuesday, and warned that motorcycle shipments for the year will be at the lower end of its forecast as it faces higher tariff-related costs. Milwaukee-based Harley's shares reversed course and were down 5 per cent, giving up pre-market gains after the company recorded its best quarterly profit in two years. "We expect U.S. industry to remain challenged into 2019 and will continue to proactively address the weak U.S. industry," Chief Financial Officer John Olin said on a conference call with analysts. Harley's demographic challenges in the domestic market are well documented - core customers are growing older and efforts to attract new and young riders have yet to show results.
Sunday after the Mercedes driver finished only third in a U.S. Grand Prix won by Ferrari veteran Kimi Raikkonen. The victory was the 21st of the 39-year-old Finn's career and first since the Australian Grand Prix of March 2013, a gap of 113 races dating back to when he was racing for now-defunct Lotus. Red Bull's Dutch youngster Max Verstappen took a surprise second after starting 18th in a thrilling finale with the top three cars running nose-to-tail and separated by just 2.1 seconds at the chequered flag. Ferrari's Sebastian Vettel, Hamilton's only title rival, spun down to 15th on the opening lap but fought back to finish fourth -- a result that means the championship remains mathematically open going into Mexico next weekend.
The recall has been initiated as a result of suspected problems in the suspension system of cars belonging to Buick, Chevrolet and Cadillac.
Separately, product sharing talks are underway with Mahindra & Mahindra, including using the Indian automaker as a benchmark to bring down supplier costs in the region, two other people familiar with Mahindra's plans said. The first vehicle from the platform they are jointly developing will likely be launched in 2020
Cars being tested need to have supervision facilities installed too, to upload real-time data for monitoring. The test driver in the autonomous car must have received no less than 50 hours of training and be able to take over the vehicle at any time during the test
BMW Brilliance Automotive Ltd, a joint venture based in northeast China, and BMW China Automotive Trading will check the vehicles and replace the defective parts free of charge.
Volkswagen Group's Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker's profit targets. VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP).
German carmaker BMW reported a smaller than expected 6 percent decline in second-quarter operating profit on Thursday, even as higher spending to develop electric and autonomous cars weighed on earnings.
Jeep boss Mike Manley will now be heading Fiat Chrysler Automobiles after current CEO Sergio Marchionne developed complications with his health following a surgery.
Volkswagen Group's new chief executive Herbert Diess is pushing for faster margin improvements at its main Porsche, Audi and VW brands, German monthly Manager Magazin said. Diess is not satisfied with progress at Audi and wants the premium brand to achieve an operating margin of 12 per cent long term, compared with 8.4 per cent in 2017.
Porsche, the second-biggest contributor to VW group profit said last week it would temporarily limit the number of models it sells in Europe because of the implications of WLTP
Tesla Inc Chief Executive Officer Elon Musk has sought to play down a report identifying "big flaws" in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days.
Under Herbert Diess, Volkswagen will consolidate its 12 brand into 3 automotive groups and one truck company. The company might sell some businesses.
Tata Motors owned Jaguar Land Rover has decided to cut a total of 1,000 jobs at its two England plants in Solihull and Castle Bromwich due to Brexit.
Volkswagen is seeking to replace Chief Executive Matthias Mueller with the head of its core brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the matter said.
About 100 police and law enforcement officials searched the luxury carmaker's Munich headquarters and a site in Austria, prosecutors said, adding they had opened an investigation last month against unknown persons for suspected fraud. Legal sources said the facility searched in Austria was BMW's engine plant in Steyr, where the company employs about 4,500 staff and assembles 6,000 engines a day.
Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd's infotainment and security software in its vehicles, the companies said on Thursday. The licensing deal with Tata Motors Ltd's JLR is the Canadian firm's latest in the automobile industry following agreements with Qualcomm Inc, Baidu Inc and Aptiv Plc.Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to JLR.
The US National Highway Traffic Safety Administration said on Saturday it is opening a probe into why some airbags failed to deploy in Hyundai and Kia vehicles after crashes in which four people were reportedly killed and another six injured. The agency said it was reviewing 425,000 2012-2013 Kia Forte and 2011 Hyundai Sonata cars.
The pilot programme comes after the Chinese government made EV manufacturers responsible for setting up facilities to collect and recycle spent batteries.
Germany has long promoted diesel to help cut carbon dioxide emissions and meet climate change goals, but the country now fears a shift away from the combustion engine could endanger hundreds of thousands of jobs.
