Swedish telecoms equipment maker Ericsson on Tuesday said it would write down 14.2 billion kronor (1.4 billion euros, $1.8 billion) in assets as the troubled company struggles to compete in a rapidly changing sector.
When it came time to revamp the Chevrolet Silverado pickup truck, designers at General Motors knew they needed to beef up the look of the vehicle.
The chief executive of Daimler said Monday at the Detroit auto show that his company cannot currently guarantee it can meet tougher European CO2 emissions standards taking effect in several years.
British energy giant BP said Tuesday it will take an additional charge of $1.7 billion (1.4 billion euros) in the fourth quarter of 2017 linked to the Gulf of Mexico oil spill disaster in 2010.
French carmaker PSA Peugeot Citroen said Tuesday that its global sales rose by 15.4 percent last year, powered by the first-time consolidation of the newly-acquired Opel and Vauxhall brands, while sales in China and Southeast ...
BMW, which has been losing ground in the US luxury market to Mercedes, is hoping to turn the tide with a spate of new SUV offerings.
The Detroit auto show handed out its self-proclaimed "Oscars of the auto industry" on Monday, rewarding Honda, Volvo and Ford amid a crowded slate of new truck, SUV and crossover unveilings.
The Chinese government's ongoing attempts to create a social credit system aimed at rating the trustworthiness of people and companies have generated equal measures of fascination and anxiety around the world. Social credit ...
Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever before, a sign it is recovering from a bruising emissions-cheating scandal three years ago.