Investors say the CEO faces a defining test this year to prove he can stem a slide in China and close a tech gap with rivals, both seen as essential to VW's turnaround.
Deliveries of the first model based on BMW’s Neue Klasse architecture are scheduled to begin in March, but the automaker says the vehicle is already close to being sold out for the year.
Genesis follows Volkswagen and Stellantis in rolling back agency models in Europe, citing scalability concerns and need for dealer market knowledge.
BMW and Mercedes are expanding AI-powered voice control systems as touchscreens replace physical buttons, betting on large language models and conversational assistants to improve usability.
The automaker delayed cutting the third shift last fall given strong demand for the Chevy Silverado pickups built at the plant, but said Jan. 27 that no further extension is planned.
New-vehicle buyers agreed to record monthly payments of $772, financing a record $43,759, according to Edmunds quarterly data ...
The distance that cars are traveling and the disconnect between transport brokers, dealerships and auctions has created a weak spot that scammers are exploiting, industry experts say.
The distance that cars are traveling and the disconnect between transport brokers, dealerships and auctions has created a weak spot that scammers are exploiting, industry experts say.
Suppliers are battling to adapt in a technology race involving the shift to EVs and software-based features such as autonomous driving, while facing stiff competition from China.
The deal will help Renault, VW and Stellantis, which produce and sell lower-priced models in India, to build out their lineups with more expensive cars imported from Europe.
The distance that cars are traveling and the disconnect between transport brokers, dealerships and auctions has created a weak spot that scammers are exploiting, industry experts say.
General Motors took more than $7 billion in charges related to scaling back electric vehicle production, reducing net income.