The German car industry is one of the pillars of the country's economy.
Executives in Germany's car industry have made their frankest statement to date on a free trade deal between the EU and the United States. They trumpeted freedom from tariffs but labor unions remain cautious.
Toyota sold more than 10 million vehicles last year, outpacing Volkswagen and General Motors to remain the world's biggest automaker. But a shaky outlook for 2015 could see it lose the title to its German rival.
Germany's Volkswagen has cracked the 10 million vehicle mark, the first double-digit million-unit sales in the company's history. Sales were up in China and the US, where a major auto show kicks off this week.
Germany's auto industry is a pillar of its export-oriented economy and in 2014, luxury carmakers there logged record sales. The figures were spurred by growth in the Chinese and US markets.
German BMW has confirmed its position as the world's leading luxury carmaker as it pulled off a record-breaking performance in 2014, celebrating its best sales year to date. The BMW Group said SUVs led the sales drive.
Low gas prices and easy access to credit have boosted auto sales in the US as gas guzzlers made a strong comeback on American roads in December. But some analysts call the trend "unsustainable."
As more details about a new BMW plant in Mexico become known to the public, criticism of the deal between the carmaker and authorities is mounting. Thanks to NAFTA and low wages, the local auto industry is booming.
German premium carmaker BMW has announced an earlier-than-planned executive reshuffle at the helm of the company. CEO Norbert Reithofer will be replaced as early as May of next year.
Japanese airbag maker Takata has rejected a demand by US authorities to expand a recall of faulty airbags to the whole of the United States. The company claims the problem is limited to high-humidity areas.
Volkswagen has announced a new multi-billion investment plan for the next five years. Newer, more fuel-efficient models are on the way, plus massive expansion in China.
Japanese carmaker Toyota is expecting a higher-than-anticipated profit in its current fiscal year as a sharp decline in the yen increases the value of repatriated earnings and makes up for lower vehicle sales.
Safety-related recalls have hit a host of the world's biggest car companies, from Toyota to GM - and it's one of the biggest issues facing the auto industry. In the US alone, recalls were up 25 percent last year.
Germany's BMW Group saw its net profit slip in the third quarter despite rising sales and better margins. The decline was due to currency issues and didn't affect BMW's position as the world's largest premium carmaker.
Fiat Chrysler Automobiles has announced plans to make its renowned Ferrari sports car brand into a standalone company. Word of the spinoff came as FCA said it had also returned to growth in the third quarter.
German automaker Daimler's net earnings have risen by nearly half, lifted by a record number of vehicles sold and gains from divestments.
China's anti-monopoly authority NDRC has imposed hefty fines against German carmaker Volkswagen (VW) and US auto group Chrysler. It has found them guilty of colluding to fix excessive prices for cars and parts.
© 2015 Deutsche Welle | Legal notice | Contact