Penske Corp. and Mitsui & Co. on July 22 offered $3.8 billion to buy the approximately 28 percent of Penske Automotive Group ...

VW Group CEO Oliver Blume urged the EU to quickly impose higher tariffs on Chinese plug-in hybrid cars after they captured 28 percent of Europe's PHEV market and took the top three sales spots.

Christian Friedl becomes Porsche production chief as the automaker confronts weak electric-vehicle demand, underutilized ...

Benz climbed onto the top 10 in NADA's latest Dealer Attitude Survey, conducted in February.

France is the first EU government to publicly oppose Dutch-led approval of Tesla's Full Self-Driving software over safety ...

Lexus future product plans include the return of its legendary LFA nameplate, the addition of a new TZ three-row EV crossover ...

Tesla reported a 26 percent jump in total revenue to $28.2 billion and a 23 percent gain in automotive revenue to $20.5 ...

Penske Corp. owns the majority of Penske Automotive Group Inc. shares, but it's likely to listen to investors who own the 28 ...

VW has scrapped its sales growth forecast and now expects revenue to fall up to 3 percent as CEO Oliver Blume pushes radical ...

Toyota will slow its product interventions in some model lines to save money, while it continues to roll out new EVs this ...

GM’s North American profits surged 43 percent from a year earlier, to $3.45 billion. Global adjusted earnings before interest ...

Lexus future product plans include the return of its legendary LFA nameplate, the addition of a new TZ three-row EV crossover, and continued investment in its hybrid and gasoline-powered vehicles.