HEFEI, China (AP) — Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The question is whether it will work. The German carmaker, which once dominated the market with a more than 50% share, has invested 3 billion euros ($3.5 billion) in a…
HONG KONG (AP) — Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper…
The U.S. Department of Transportation introduced a new female crash dummy as it seeks to step up safety for women, who face a higher injury risk in car crashes than men. The U.S. government has used a dummy model for decades that is based almost entirely on male proportions. The new dummy, known as THOR-05F,…
BANGKOK — China has moved to crack down on exports of “zero mileage” new vehicles being exported as if they are used, a tactic that has allowed some of its automakers to exaggerate their sales data and claim tax rebates and other benefits. The tighter regulations apply to exports of cars within 180 days of…
Toyota is recalling 126,691 Tundra and Lexus models because the engines can stall, increasing the risk of a crash, according to the National Highway Traffic Safety Administration. In a Nov. 6 recall notice, NHTSA said that “machining debris” may not have been removed from the cars’ engines during manufacturing, which could cause the engines not…
On the Dash: China has exempted compliant Nexperia chip exports, providing relief to global automakers. The Netherlands may lift restrictions on Nexperia if EU-mediated negotiations succeed. Automakers like Honda and Volkswagen continue to monitor the situation as production disruptions have already impacted profits. According to reports on Sunday, China confirmed it has taken the necessary…
TOKYO — Toyota reported a 7% year-on-year drop in its profit for April-September on Wednesday, as President Donald Trump’s tariffs slammed Japanese automakers, but it raised its forecast for the full fiscal year. Net profit for the April-September period at Toyota Motor Corp. totaled 1.77 trillion yen ($11.5 billion), down from 1.9 trillion yen a…
At Ford’s Michigan Assembly outside Detroit, more than 4,500 hourly employees turn out about 100,000 Broncos a year – a new one every 60 seconds. For obvious reasons, Ford’s been touting its commitment to American manufacturing. It advertises itself as employing the most hourly workers in the country – and more than 80 percent of…
On the Dash: GM raised its 2025 adjusted core profit outlook to $12–$13 billion, signaling stronger-than-expected earnings and tariff relief. EVs remain a small portion of total sales, and GM canceled its dealer-led tax credit extension, reflecting ongoing challenges in stimulating EV demand. CEO Mary Barra emphasizes reducing EV overcapacity and letting customer demand guide…
The U.S. automotive market faces ongoing affordability pressures even as certain segments, particularly luxury vehicles and hybrids, continue to see robust growth. Joining us on today’s episode of CBT Now is Kevin Roberts, the Director of Economic and Market Intelligence at CarGurus, to discuss the company’s latest Q3 Intelligence Report, which reveals trends that are shaping dealer…