Musk insists Tesla does not need more capital, predicts profit soon

Sat, 14 Apr 2018 - 09:47 GMT

Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors.

High speed: China's Geely 2017 net profit soars amid global push

Wed, 21 Mar 2018 - 08:42 GMT

Chinese carmaker Geely said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.

Geely says won't buy more Daimler shares 'for the time being'

Sat, 24 Feb 2018 - 10:00 GMT

China’s Zhejiang Geely Holding does not plan to buy more Daimler shares “for the time being,” it said on Saturday.

Carmakers plan 400 Europe car charging stations by 2020

Sat, 04 Nov 2017 - 02:03 GMT

A group of mainly German carmakers will open ultra-fast electric vehicle charging stations this year and plans a pan-European network of 400 by 2020.

Japan's Subaru says uncertified staff inspected its cars

Fri, 27 Oct 2017 - 12:03 GMT

Subaru said Friday it allowed uncertified staff to do inspections on some vehicles for more than three decades.

Volkswagen CEO denies price fixing by German carmakers

Wed, 25 Oct 2017 - 11:36 GMT

German carmakers being investigated over possible collusion did not engage in price fixing or an illegal cartel.

Union demands VW workers in Germany get 6 % pay rise

Tue, 24 Oct 2017 - 03:19 GMT

Germany's biggest labor union called on Tuesday for a 6 percent pay rise for Volkswagen workers in the carmaker's home market.