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Nio confident of doubling sales this year

Nio is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. “We are very confident to…

Subaru’s Troy Poston named head of U.S. sales

Subaru of America has promoted one of its regional vice presidents to lead its U.S. sales operations effective April 1, succeeding Jeff Walters, who will transition to the brand's top U.S. role. Walters will become president and COO as…

VW plans mine investment to reduce battery costs

BERLIN -- Volkswagen Group plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, Thomas Schmall, the automaker's technology chief, said. VW wants its battery unit…