As row upon row of automakers' latest models gleam in the bright lights of the Detroit auto show, the exhibitors ready to greet industry insiders and journalists are looking down—into their smartphones.
Ford said Wednesday it expected to post a $112 million loss in the fourth quarter of 2018 as the automaker implements a massive restructuring in the United States and Europe.
The Detroit auto show kicked off this week with glitzy, high-production value debuts of mostly sports cars, giant trucks and SUVs—new versions of age-old themes.
Volkswagen and Ford announced a new alliance on Tuesday to jointly develop commercial vans and pickups starting in 2022, a bid to reduce costs in the increasingly competitive auto market.
The auto industry gathered Sunday in Detroit, on the eve of the last winter edition of North America's premiere auto show, as carmakers grapple with a contracting market and uncertainty in the year ahead.
German car giant Volkswagen said Friday it sold a record number of vehicles in 2018 even as it felt the sting from US-China trade tensions and problems with European emissions tests in the final months of the year.
The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs.
Tesla was sued Tuesday by the family of a passenger killed in a 2018 crash which they allege was due to a defective car battery, attorneys said.