German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. BMW on Tuesday announced a far-ranging recall...
The luxury sports car manufacturer Porsche is about to start trading on the Frankfurt Stock Exchange. That could raise billions for e-mobility. When a massive cargo ship loaded with Porsches, Bentleys, Lamborghinis and Volkswagens burned...
The average age of all cars and light trucks in operation in 2022 rose to a new record of 12.2 years, according to S&P Global Mobility today. The metric tracks the average age of vehicles...
Auto giant General Motors will close a number of plants but says that most of the layoffs will be white collar jobs. The company also wants to shift resources away from conventional cars to trucks,...
Manheim, the world’s largest wholesale auto-auction company, reported that prices of used vehicles that went through its auctions jumped again in October. Its Used Vehicle Value Index – which is adjusted for mix, mileage, and...
Indian automotive giant Tata Motors has seen its business suffer as a consequence of the government’s recent decision to bar high-value bank notes. The company’s profits for the past quarter took a drastic dip. Tata...
GM has been reacting to its fabulously ballooning inventory glut by piling incentives on its vehicles. But that hasn’t worked all that well though it cost a lot of money. Now it’s time to get...
Buying a new car is a great experience, especially for first-time buyers. However, the skyrocketing prices of new cars are enough to leave many of us disappointed. Buying a new car may not suit everyone’s...
BMW’s Premium small car ‘Mini’ is now available in India as a Completely Built-up Unit (CBU) in MINI Hatch, MINI Convertible and MINI Countryman range in powerful and efficient petrol variants with six-speed automatic transmission....
