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.

VW would be open to selling one of its German factories to a Chinese buyer, a person familiar with the company's thinking told Reuters.

Christian Friedl becomes Porsche production chief as the automaker confronts weak electric-vehicle demand, underutilized factories and pressure to preserve profitability.

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 concerns.

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 percent of stock Penske Corp. and Mitsui & Co want to buy.

VW has scrapped its sales growth forecast and now expects revenue to fall up to 3 percent as CEO Oliver Blume pushes radical restructuring with 100,000 job cuts amid costly tariffs and Chinese ...

Toyota will slow its product interventions in some model lines to save money, while it continues to roll out new EVs this year and leans into its dominant position in hybrids.

The owners of a Florida upholstery shop said they were bombarded by negative reviews after documenting a negative experience with the dealership.

Porsche plans additional job cuts in Germany through natural attrition and early retirement as CEO Michael Leiters restructures operations after weak China demand eroded earnings. New product launches ...