Autos

Auto makers are losing money on every car they produce in Europe, Philippe Varin, chief executive of PSA Peugeot Citroen, told journalists at the Paris auto show today, a situation he called unsustainable. "The overcapacity affecting European car makers is set to last and the only way to resolve...

In 2011, new car and light truck sales in the United States came in at about 13 million units sold. According to TrueCar.com, forecast sales for September put new light vehicle sales at a seasonally adjusted annual rate of 14.6 million units sold, an increase of 11.5% over 2011 sales. According to...

Ford Motor Co. (NYSE: F) said Tuesday that it will cut several hundred jobs in the United Kingdom, Germany and elsewhere in Europe due to declining demand in the region. Ford warned that its European operations could suffer losses of $1 billion this year. The Big Three auto maker also said it does...

In rather a statement of the obvious, Volkswagen said today that market conditions in Europe had become noticeably tougher and that they likely would not get better in the near future. However, Europe's largest auto maker believes it is better positioned than its rivals to handle the economic...

Tesla Motors Inc. (NASDAQ: TSLA) may be in for a rough trading day on Tuesday. With headlines about lower production, the real issue is a share sale, and perhaps a change in its loan program with the government. The luxury electric vehicle maker has warned of a slower-than-expected ramp up in...

Admitting that it had overestimated both the market for all-electric vehicles (EVs) and the ability of battery makers to meet consumer requirements, Toyota Motor Corp. (NYSE: TM) announced this morning that it has killed its plans to promote widespread sales of the company's eQ EV. Toyota now says...

U.S. automaker General Motors Co. (NYSE: GM) said today that it is recalling 426,240 U.S. vehicles to fix a problem with the cars' transmissions. The affected models are Chevrolet Malibu, Pontiac G6 and Saturn Aura built between 2007 and 2010. The recall will also affect 40,029 vehicles in Canada...