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UK car sales have yet to reach a peak, predicts Pendragon

Still got gas in the tank. The market for new cars has in the UK has still not peaked after registrations hit a 12-year high last month, according to the…

Peugeot in late stage talks to buy GM’s Europe division

PSA Group, the maker of Peugeot and Citroen cars, is in late stage talks with General Motors to combine the two groups’ European businesses, according to people close to the…

Peugeot in late stage talks to buy GM’s Europe division

PSA Group, the maker of Peugeot and Citroen cars, is in late stage talks with General Motors to combine the two groups European businesses, according to people close to the…

Ineos warned over mimicking Land Rover Defender

Plans by chemicals group Ineos to make an off-road vehicle that mimics the Land Rover Defender came under fire on Monday as company chairman Jim Ratcliffe was accused of launching…

South Korea to accelerate electric car drive

South Korea’s government and automakers are on a drive to make the electric car a mainstay of life in one of the world’s most technologically advanced countries. The adoption of…

EU members urged to speed up dieselgate probes

The top Brussels official overseeing Volkswagen’s dieselgate scandal has told EU member states to speed up their investigations into alleged wrongdoing by other carmakers. Elzbieta Bienkowska, EU industry commissioner, said…

Ford to invest $1bn in new driverless car unit Argo

Ford is set to invest $1bn over the next five years in a new driverless car unit Argo, led by two engineers who were previously at Google and Uber, marking…

Ford plans $1bn investment in driverless-car unit Argo

Ford is set to invest $1bn over the next five years in a new driverless car unit, Argo, led by two engineers who were previously at Google and Uber, marking…

Week in Review, February 11

A round-up of some of the week’s most significant corporate events and news stories. Moelis to be lead adviser on Saudi Aramco float Moelis & Co notched up a significant…

Renault posts record profit as it swerves Brexit foreign exchange hit

Renault recorded record profits and sales for the year, in spite of a foreign exchange hit from the falling Pound in the wake of the Brexit vote, and continued losses…

Takata warns of third consecutive year of losses

Takata on Friday warned of a third consecutive year of losses as the Japanese car component supplier seeks an outside investor to survive a crisis over its exploding airbags. The…

Renault and Nissan open to closer ties – Ghosn

Renault and Nissan will be open to closer ties, and maybe even a full merger, if the French government sells its holding in the French car maker, said chief executive…

Renault reports record full-year results

Renault set out ambitious plans to boost profitability in the next five years on Friday, as the French carmaker reported record full-year profits and sales despite currency headwinds and continued…

Toyota shares eye worst day since US election as China sales drop

Toyota Motor shares are having their worst day in three months as investors continue to process news of a sharp fall in China sales. The automaker’s stock was down 2.33…

Nissan quarterly profits fall 15%, keeps forecasts unchanged

Nissan has not lifted its annual guidance for 2017, bucking the trend among Japan’s three biggest carmarkers. For the October to December quarter, the Japanese car group, which has a…