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Automobile


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UK automakers urge new govt to support EV market

Britain’s automobile trade body Friday asked the country’s new government for greater support to boost sales of electric vehicles, saying manufacturers’ collective discounts...

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Mercedes stock falls after new profit warning

German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its outlook on the back of weak sales in its key Chinese market.

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BMW recalls 1.5m cars over bad brake, cuts outlook

BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker’s shares tumbling. 

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BMW profits slip on weaker China sales

German luxury carmaker BMW posted a drop in net profit for the second quarter on Thursday, dragged down by higher manufacturing costs and weakening demand...

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Mercedes profit falls on weaker sales

German luxury carmaker Mercedes-Benz on Friday reported a sharp drop in second-quarter net profit on weaker sales of electric vehicles and cooling demand in...

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