Ferrari raises earnings outlook on robust demand

Ferrari has raised its outlook on strong demand for higher-margin models such as the new €390,000 ($428,000) Prosangue. Italian automaker now expects adjusted earnings before interest, taxes, depreciation and amortization…

Volvo readies EV push in biggest product revamp under Geely

The two people, who are familiar with Volvo’s plans, requested anonymity because the details have not been released by the company. Geely declined to comment. Among the new battery electric…

Renault, Nissan directors set to approve alliance deal

The boards of Renault and Nissan announced a landmark deal to rebuild their troubled 20-year partnership just hours before an official event to unveil the details of the plan, according…

McLaren 750S to supplant 720S flagship with more horsepower

The 750S will be available in coupe and convertible variants at launch, a rarity for McLaren, which typically launches convertibles two years later. There is no LT (long tail) variant.…

Germany, UK and the Nordic countries dominated EV sales in 2022

Sales increased sharply in most of the smaller Eastern European markets, although generally from a very low base. Two Tesla models lead the list of Europe’s best-selling all-electric vehicles in…

Volvo readies EV blitz in biggest product revamp under Geely

Volvo Cars has launched an electric blitz to convert all its flagship models (three SUVs and two sedans) into battery electric vehicles and introduce a luxury electric van aimed at…

Porsche dealers’ car supply will remain tight

Porsche dealers attended the brand’s make-up meeting at the NADA show with one thing in mind. Product supply, or shortage thereof. Most of the questions from retailers center around the…

BMW hikes prices for some models on higher costs

SHANGHAI — BMW has raised the suggested retail prices of some models sold in China due to soaring global raw material and logistics costs. The automaker immediately raised the manufacturer’s…

Daimler Truck unveils advanced Freightliner SuperTruck II

LAS VEGAS – Daimler Trucks North America unveiled the SuperTruck II on Wednesday, showcasing an efficient diesel heavy-duty rig intended to demonstrate fuel-saving technology that can be deployed as the…

Betty Jotanovic named president of Chrysler Capital

Betty Yotanovich has been named president of Chrysler Capital and the automotive affiliate of financial provider Santander Consumer USA. Jotanovic will assume the role in March. She will succeed Bruce…