A slowing Chinese market as well as delays in Chinese imports due to a tariff decrease as well as Brexit concerns weighed on the Indian carmaker, which also makes Land Rover and Jaguar.
In an emergency meeting called after Marchionne’s health worsened, the Ferrari board also named John Elkann as chairman and gave Louis Camilleri powers to oversee the company’s operations.
Rupert Stadler along with another suspect are being investigated for suspected fraud, false advertising and their alleged role in helping to bring cars equipped with illegal software on to the European market according to Munich prosecutors.
Electric carmaker Tesla is considering launching in Turkey, CEO Elon Musk says. However, experts say Turkey doesn’t yet have the infrastructure to support an electric vehicle market. What impact Musk's comments might have is unclear.
The Rolls-Royce Cullinan has officially entered the unstoppable SUV market and it's the company's first all-wheel-drive vehicle.
BMW however said currency effects slowed both its turnover and operating profit, arguing sales would otherwise have remained around the same level as last year.
Key Safety Systems has completed the $1.6 billion acquisition of bankrupt Takata, marking the end of the 85-year-old Japanese automotive supplier at the centre of a global recall of exploding airbags.
Manufacturers have presented their latest offerings and concept vehicles at the 88th Geneva International Motor Show in Geneva, Switzerland. Ferrari, MacLaren, Lamborghini, Corbelatti and electric cars are gaining the most attention at the show.
The suspended models include products from several major domestic producers and joint ventures such as FAW-Volkswagen, Beijing Benz Automotive, Chery and Dongfeng Motor Corporation.
The German carmaker expects to exceed last year's record 5.99 million VW-branded auto sales in 2017 as well as increase profits.
The German automotive giant's spokeswoman says the group is aiming to sell 400,000 new energy vehicles per year in China by 2020.
South Korea plans to impose a combined fine of $63.1 million on automakers BMW, Mercedes-Benz and Porsche citing violations on emission rules, the environment ministry said on Thursday.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2018 TRT World.