Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.18 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.3 million. General Motors reports its tally next week. If GM’s number falls short, it will be the first time the German automaker has become No. 1.
It is a milestone achievement despite the taint toRead more
Auto-industry investment in the U.K. plunged by more than one-third in 2016 as carmakers concerned about Brexit deferred long-term commitments despite staying put for now.
Total investment pledges by automakers dropped to 1.6 billion pounds ($2 billion) in 2016 from 2.5 billion pounds in 2015, the Society of Motor Manufacturers and Traders said in a report Thursday. Despite the decline,Read more
Japan's automaker Nissan Motor Co said Monday its operating profit for the July-to-September quarter dropped 18.6% year-on-year to 163.9 billion yen (1.57 billion dollars) due to a stronger yen and falling sales in Japan.
The company also booked a net profit of 146.1 billion yen for the fiscal second quarter, down 15.5% from the same period the previous year, whileRead more
Japanese automaker Nissan Motor Co. has come up with a new type of gasoline engine it says may make some of today's advanced diesel engines obsolete.
The new engine uses variable compression technology, which Nissan engineers say allows it at any given moment to choose an optimal compression ratio for combustion.
The technology gives the new engine the performance ofRead more
Nissan Motor Co. Ltd. has launched a suite of semi-autonomous driving functions stressing they were intended to assist and not replace drivers, just two weeks after similar technology in another maker’s car was involved in a fatal crash.
Japan’s second-ranked carmaker by vehicle sales said its ProPilot can drive a vehicle on single-lane motorways and navigate congestion. It said theRead more