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Ferrari will recall cars globally on braking issues

Shares in Ferrari tumbled the most in more than two weeks after the sports car maker confirmed it will recall thousands of supercars due to problems with their braking system. “Vehicles involved in this recall campaign are equipped with a…

Some BMW X3 production may move to Mexico

The X3's U.S factory, BMW's largest auto assembly plant globally, is the 7-million-square-foot plant in Greer, S.C., near Spartanburg. It also builds the X4, X5, X6 and X7 utility vehicles, and is a global production hub for crossovers.But…

EV partnership with GM buys Honda time

Mibe stressed that gasoline-electric hybrids will remain a key element of Honda's lineup well into the 2030s and that he expects demand for them to increase in some places. "We will continue to rely on hybrids as one of our powerful…