Carmakers

Ford to cease car production in India after losing $2B in 10 years

The decision by Ford comes after it struggled for years to win over Indian consumers and turn a profit.

Carmakers warn chip shortage slows recovery

Carmakers and suppliers have turned in strong results that beat expectations for the first half of the year, but they warned that a lack of semiconductors had crimped production.

Volkswagen to stop producing cars with combustion engines in EU by 2035

"We will make our entire fleet CO2 neutral by 2050 at the latest," says senior official of German carmaker.

PSA, Fiat Chrysler investors approve $52B merger

Fiat Chrysler and Peugeot SA say investors have given their blessing to a mega-merger to create the world's fourth-largest automaker, and shares in the new company, named Stellantis, would start trading in two weeks.

Germany explores curbing diesel emissions without hitting car makers

Germany's government and auto companies are under pressure to cut pollution caused by the auto industry - a lucrative sector with an annual turnover of over $400 billion.