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Continental to suspend annual dividend, citing net loss

The German supplier, which is due to release preliminary full-year results on March 9, added that it remained committed to a mid-term dividend policy Read More



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Aurora's latest acquisition would bolster capability to build 2021-02-26 15:36:55Self-driving tech firm Aurora said it agreed to purchase OURS Technology -- a lidar firm that will help Aurora manufacture large quantities of sensors

Jaguar Land Rover will shed a quarter of 2021-02-26 14:37:01The British carmaker will take a non-cash charge of about $1.4 billion in the quarter ending in March related to higher previous spending and projects

JLR seeks partner for Jaguar EV platform 2021-02-26 13:44:54The decision to work with a partner as the Jaguar brand becomes electric-only "was a matter of scale and speed to go to market," JLR CEO Thierry Bol

VW expects strong rebound in sales, deliveries in 2021-02-26 09:25:47The group expects revenues and deliveries to bounce back after the impact of the coronavirus pandemic and is projecting an operating margin of 5 perce

Hyundai bought chips when rivals didn't; its assembly 2021-02-26 09:24:28Other than Toyota, which said this month it had enough chip inventory to last it about four months, Hyundai and its sister firm Kia are the only globa

Ford extends production cuts in Europe on chip 2021-02-26 08:14:36The global semiconductor shortage will halt production at the automaker’s factory in Saarlouis, Germany, where it builds the Focus compact car,

Huawei, battered by U.S. sanctions, plans foray into 2021-02-26 08:10:13Huawei Technologies is in talks with state-owned Changan Automobile and other automakers to use their car plants to build EVs, Reuters reported.

Nissan claims breakthrough in engine CO2 emissions 2021-02-26 07:16:31Nissan said it has achieved 50 percent thermal efficiency with its in-development e-Power hybrid technology, which could lead to a furt

Fisker willing to borrow cash to fund vehicles 2021-02-26 06:50:25Raising cash will be vital as Fisker prepares to roll out two vehicles in as many years. The company has just under $1 billion in cash, and will spend

Nikola cuts output target; internal probe finds 'inaccurate' 2021-02-26 06:38:08Nikola is slashing projected output of its first commercial zero-emission vehicles and said an internal review of claims about its technology con

Carvana Q4 net loss widens on debt costs; 2021-02-25 18:04:14The online used-vehicle retailer's revenue and retail sales soared in the fourth quarter, though debt retirement led to a higher net loss.

Online used-vehicle startup Gettacar raises $25M 2021-02-25 15:51:46The Philadelphia-area company, which operates in seven markets on the East Coast, said it plans to expand into new locations and focus on product deve

Automotive news - from

More XPeng EVs head to Norway 2021-02-04 11:12:00XPeng has shipped a second batch of over 200 G3 smart electric SUVs to Norway. This follows an earlier initial batch of 100 in December 2020.

Ford terminates EV plans with Zotye 2021-02-04 09:45:00Ford has decided to terminate plans to launch electric vehicle joint ventures with China's Zotye Auto.

UK CV sales off to a good start 2021-02-04 08:53:00The UK new light commercial vehicle (LCV) market enjoyed growth in the first month of 2021, according to data from the Society of Motor Manufacturers

Constellium planning a recycling investment in Europe 2021-02-04 08:09:00Constellium on Thursday announced it was in the advanced planning stages of an investment to increase its recycling capacity in Europe.

Scania to test self-driving trucks on motorways 2021-02-04 06:18:00Scania has been granted permission by the Swedish Transport Agency to test self-driving trucks on the E4 motorway between Södertälje and J&o

Perodua targets record sales and output in 2021 2021-02-04 06:04:00Perodua, Malaysia's second national car company, said it aimed to increase sales by 9% to 240,000 vehicles in 2021 from 220,163 units in 2020.

UK car market down 39.5% in January 2021-02-04 06:00:00New car sales in the UK were down almost 40% in January as showroom closures due to population lockdowns stifled demand.

GM Korea to cut output due to chip 2021-02-04 05:33:00GM Korea said it would cut production by 50% at one of its three plants from next week due to the global shortage of semiconductors.

Valeo commits to carbon neutrality by 2050 2021-02-04 03:39:00Valeo says it is committed to achieving carbon neutrality by 2050 and will have reached 45% of its objective by 2030.

Chips shortage hits four GM plants 2021-02-03 12:34:00General Motors has become the latest automaker hit by the global shortage of semiconductor chips as it said on Wednesday it would take down production

Kia to sign EV deal with Apple - 2021-02-03 12:24:00Kia reportedly will sign a KRW4 trillion (US$3.59bn) deal with Apple to build electric vehicles.

Daimler to split into two 2021-02-03 10:52:00Daimler announced on Wednesday it plans separation into two "pure-play" companies and a majority listing of Daimler Truck to "accelerate into a zer


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