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

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 ...

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

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

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

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 ...

Chinese brands captured 10.9% of Europe’s market in June with 150,272 sales, up 118% year over year. MG held a 340-unit lead ...

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 ...

Penske Corp. and Mitsui's $3.8 billion bid to take Penske Automotive private is unlikely to spark similar moves among the five other major public franchised dealership groups, according to experts.