News - Auto News

PSA first-quarter revenue jumps 42% on Opel-Vauxhall acquisition

PSA revenue rose 42 percent to 18 billion euros ($22 billion) in the first quarter, lifted by its acquisition of Opel-Vauxhall last year.

Ferrari pushes possible EV launch beyond 2022

Ferrari Chairman Sergio Marchionne says the supercar brand will not launch a full-electric car until after its next business plan ends in 2022.

Flying taxi start-up hires designer behind modern Mini, Fiat 500

Lilium, a startup with ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind several iconic cars such as the Mini, Fiat 500 and McLaren P1.

Mercedes-Maybach is betting on a hybrid SUV-sedan look

Mercedes is betting on a hybrid SUV-sedan look to attract wealthy Chinese buyers to its Maybach ultraluxury brand.

Car dealers competing with brands in auto subscription business

Some dealers are offering subscription programs to ensure they remain relevant as automakers also experiment with the business model.