In May German competitor BMW warned on profits, citing higher than expected investments. Photograph: Kai Pfaffenbach/Reuters

Daimler shares fell as much as 5 per cent on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was (...)

For the most part, the Mercedes-Benz models affected will include the C-Class range, the GLC crossover, and the Vito and V-Class vans, although other models will also be caught up. Photograph: Nick Bradshaw

The German Transport Ministry (Kraftfahrt-Bundesamt, or KBA) has instructed Mercedes-Benz to recall 774,000 diesel-engined vehicles across Europe to h(...)

Audi has discovered emissions-related problems with a further 60,000 cars, it said on Tuesday, dealing a fresh setback to parent Volkswagen more than (...)

Carlos Ghosn, Chairman and CEO of Renault: latest results bolster his position in the face of government demands for a clearer succession plan

French carmaker Renault posted record sales and profit for 2017, bolstering Chief Executive Carlos Ghosn’s position in the face of government demands (...)

PSA Group automotive division increased first-half profit by a third to €1.3 billion.

French carmaker PSA Group shrugged off a drop in Chinese sales and an ageing lineup to deliver record first-half profit, as chief executive Carlos Tav(...)

Martin Winterkorn, chief executive officer of Volkswagen: “I’m very sorry, I’m utterly sorry. The violations of these diesel motors by our company go against everything that Volkswagen stands for.”

Volkswagen chief executive Martin Winterkorn has issued another apology over the firm’s cheating on emissions tests. It came as the firm admitted up t(...)