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Ford gives disappointing outlook, says turnaround to take years

Detroit (Reuters) - Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker General Motors Co. Ford Chief Financial Officer Bob Shanks told analysts at an investor conference in Detroit

Jeep updates Cherokee compact SUV to compete in hot market

Detroit (AP) - Fiat Chrysler’s Jeep brand is giving the Cherokee compact SUV a major facelift so it can better compete in one of the hottest parts of the U.S. automotive market. The 2019 Cherokee, to be unveiled Tuesday at the Detroit auto show, will get styling tweaks, a new engine,

U.S. automakers bet on diesel trucks after VW scandal

General Motors Executive Vice President for Global Product Development Mark Reuss talks about the 2019 Chevrolet Silverado pick-up truck at Eastern Market before the start of Press Days of the North American International Auto Show in Detroit, Michigan, U.S., January 13, 2018. REUTERS/Rebecca Cook   DETROIT (Reuters) - U.S. automakers are unveiling

Volkswagen brand car sales hit record 6.23 million in 2017

Detroit (Reuters) - Volkswagen’s core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group

Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market

Seoul (Reuters) - South Korea’s Hyundai Motor Co said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing. Hyundai’s first direct investment in a ride-hailing firm gives