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Ford's lower profit beats estimates; sales down on F-150 launch
Brands

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.

By BERNIE WOODALL AND BEN KLAYMAN

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Nissan recalls 238,000 2013 Altima sedans on hood latch issue

Nissan recalls 238,000 2013 Altima sedans on hood latch issue

Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.

By Bernie Woodall; Editing by Meredith Mazzilli

BMW hires Ferrari's former chief engineer to polish tech prowess

BMW hires Ferrari's former chief engineer to polish tech prowess

BMW (BMWG.DE) has hired Ferrari's former chief engineer as it seeks to strengthen its technical prowess amid intensifying competition with rival German luxury carmakers Audi and Mercedes-Benz.

By Andreas Cremer and Irene Preisinger; Editing by Susan Fenton

GM's 2025 platform plan: Simplify and seek to save billions

GM's 2025 platform plan: Simplify and seek to save billions

It could be a defining element of Chief Executive Mary Barra's legacy at General Motors Co (GM.N): A drastic shift over the next 10 years from 26 global vehicle production platforms to just four by 2025, a bold stroke that could eventually save the U.S. automaker many billions of dollars in production costs.

By BEN KLAYMAN AND PAUL LIENERT

Ford's rosy 2020 outlook hinges on new F-150, Lincoln

Ford's rosy 2020 outlook hinges on new F-150, Lincoln

If Ford Motor Co's (F.N) new chief executive Mark Fields hoped to muffle the shock of an earnings outlook rollback on Monday by unveiling aggressive growth targets for 2020, then it did just the opposite, as investors and analysts were doubtful about the ambitious plan.

By PAUL LIENERT, BERNIE WOODALL AND BEN KLAYMAN

BMW launches automated driving project in China with Baidu

BMW launches automated driving project in China with Baidu

German luxury carmaker BMW is teaming up with Chinese internet giant Baidu to start highly automated driving trials in Beijing and Shanghai.

By Edward Taylor; Editing by Mark Potter

Hyundai-led group agrees to $10 billion land deal, stokes union rage

Hyundai-led group agrees to $10 billion land deal, stokes union rage

Hyundai Motor Co (005380.KS) and its two affiliates approved Asia's biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul.

By HYUNJOO JIN

GM's Cadillac adopts new naming scheme as part of brand overhaul

GM's Cadillac adopts new naming scheme as part of brand overhaul

General Motors Co's (GM.N) premium Cadillac brand will adopt a new naming scheme to better compete against overseas luxury rivals as the company's new leader Johan de Nysschen continues to overhaul the unit.

By PAUL LIENERT