Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome.
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<p>Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro</p>
Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last…
Changing notions of what customers want from cars have pushed automakers to do plenty of weird things. They have unmoored the driver’s seat from the left side of the car, revived the rotary…
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays, the latest speed bump in…
The routine squabbles between angry drivers asking for change and passengers who find their billfolds empty of coins might become a thing of the past by the year end.
To remedy one of…
Volkswagen is ending production of its Beetle in 2019, closing the door on one of the world’s most iconic car designs.
The German company said output would end at its plant in Mexico…
General Motors is recalling more than a million pickup trucks and SUVs in the US because of power-assisted steering problems that have been cited in a number of accidents. GM says the power…
In a statement published on SAIPA-Citroen’s website, the joint venture between the French automotive firm and its Iranian partner once again reassured customers that the presold C3 cars will be…
In a bid to expand its market and hoping to gain a competitive edge in Iran’s saturated transportation sector, one of the country’s leading startups, Tap30 has introduced a real-time ride-…
Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks. But while Volvo’s plans for a…
One of Tesla’s biggest advocates is giving up on his positive view of the carmaker’s stock because of CEO Elon Musk’s controversial behavior.
Nomura Instinet lowered its rating to…
In separate proposals, Iranian auto parts makers union and local think tank ITAN have put forward suggestions they believe if implemented by the government can help address the problems the…
China’s car sales fell for a third straight month as an intensifying trade dispute with the US and slowing economic growth are threatening to end the vehicle market’s almost three-decade…
Iranian car manufacturer SAIPA managed to pre-sell 50,000 vehicles in less than two days, a testament to the public’s rush to turn their cash into safe-haven assets in view of the galloping…
The turmoil at Tesla Inc. has reached a fever pitch, with the news that two senior executives are leaving Elon Musk’s electric-car maker emerging hours after he wielding a sword behaved…
Lyft has launched a fleet of electric scooters in Denver, stepping squarely into the rapidly growing scooter-sharing market so far dominated by the likes of Bird and Lime. Uber is expected to…
Two leading car manufacturers Iran Khodro and SAIPA are to offer 90,000 vehicles in the coming days to meet the overwhelming public demand for vehicles so as to help balance supply and demand to…
Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an…
Toyota Motor Corp. is recalling more than a million of its Prius and C-HR compact crossover vehicles globally due to the risk of fire. Of the 1.03 million affected vehicles, 554,000 will be…
Eager to contain the mounting public outrage over the recent car price hikes, the hard-pressed Industries Ministry has decided to shift the focus to aggravating factors closer to home,…
Ford Motor may cut up to 24,000 jobs and stop producing models such as the S-Max, Galaxy and Mondeo as it tries to revive its European business. Ford lost $73 million in Europe between April and…
Tesla had been aiming for a production rate of 6,000 Model 3 vehicles per week by the end of August and an overall production of 50,000 to 55,000 Model 3 vehicles throughout the third quarter.…
German carmaker Volkswagen said only half of its VW branded passenger car models in Germany are compliant with a new pollution standard, thanks to a much tougher emissions testing regime.
Despite the reinstatement of US sanctions against Iran's key automotive industry, a joint venture between China's SAIC Motor and Farda Automobile Manufacturing Co (FAM Co) has started operation…
A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax…
