BMW of Springfield, operating as Celebrity of Springfield, LLC, has lost its federal appeal seeking partial forgiveness of a $2 million Paycheck Protection Program (PPP) loan. On September 18, 2026, the U.S. Court of Appeals...

Volkswagen’s latest delivery figures offer a stark warning about the vulnerability of Germany’s industrial economy. The automaker recorded a 14.3% fall in global deliveries in the third quarter, its sharpest decline in more than four...

The European Union has reached an understanding with China that could reduce Chinese hybrid and plug-in hybrid car exports to the bloc by more than half, in a move aimed at tackling the growing trade...

Honda is delaying production of the next-generation CR-V by about three months as strong demand for its current best-selling SUV gives the Japanese automaker an incentive to keep existing production running. Production of the redesigned...

Chinese electric vehicle maker XPeng is expanding its European manufacturing footprint with the successful production trial of its next-generation G9L flagship SUV at Magna’s facility in Graz, Austria. The milestone makes the G9L the fourth...

Porsche is restructuring its business around lower sales volumes and a greater focus on high-end vehicles as it seeks to rebuild profitability amid weakening global demand and rising costs. The sports-car manufacturer plans to reduce...