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Rising Diesel Costs Help Cut Daimler Profits in Half

Rising Diesel Costs Help Cut Daimler Profits in Half

Daimler AG continues to deny cheating on emission tests despite the fact that the costs associated with its defense grows as the company’s operating income weakens. Daimler said Wednesday that it will set aside between 1.1 billion euros ($1.2 billion) and 1.5 billion...
FCA Unveils Plans to Promote Sales of EVs, Hybrids

FCA Unveils Plans to Promote Sales of EVs, Hybrids

Fiat Chrysler Automobiles N.V., long outgunned and undermanned in the contest to develop electric vehicles, is signaling a gentle change in course. The company is taking steps to make choosing and buying an electric or hybrid vehicle easier. One way to make it easier...
First Drive: 2020 Mazda6 Signature

First Drive: 2020 Mazda6 Signature

At a time when people have gone all in for sport-utility vehicles and pickup trucks, it’s easy for any four-door sedan to get lost on a dealer’s back lot. The Mazda6 has an even steeper hill to climb than most sedans because it is tucked away in the portfolio of a...
Cities Will Play a Larger Role in Future of Mobility

Cities Will Play a Larger Role in Future of Mobility

Local government will play a larger role in determining of use a vehicle or mobility services in the years to come, a pair of experts from McKinsey & Co. predicted this week during a presentation to Detroit’s Automotive Press Association. The need to curb traffic...
BMW Takes a Stake in Silicon Valley Start Up

BMW Takes a Stake in Silicon Valley Start Up

BMW i Ventures, the German automaker’s in-house venture capital firm, has announced it is taking a stake in a Silicon Valley start-up company. The amount of the investment was not released. The investment is being made in Alitheon, an optical AI software creator and...
Audi Bringing Two New Performance Editions to U.S.

Audi Bringing Two New Performance Editions to U.S.

Audi is preparing to launch new performance-oriented variants of a couple of its popular SUVs in the U.S. for the new model year. The 2020 Audi SQ7 serves as the first performance variant of the brand’s newly updated three-row SUV to be sold in the U.S. The Audi SQ8...