Volkswagen AG plans to redouble cost savings following disappointing third-quarter margins, with wilting demand in Europe and China adding urgency to efforts to slim down bloated structures.

Mercedes-Benz said a "brutal" electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, as third-quarter earnings fell.

U.S. auto sales are expected to rise in October but the outlook for the rest of the year remains uncertain owing to the auto workers strike at Detroit Three, a report from S&P Global Mobility showed on Wednesday.

Porsche AG warned that inflation is increasingly putting a damper on car buying.

Lexus made a name for itself when it launched in 1989 by offering unparalleled customer service.

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, Chief Executive Officer Toshihiro Mibe said. 

The United Auto Workers expanded its strike on Detroit’s automakers for the second time in as many days as 5,000 members walked out of a General Motors Co. plant producing some of its most profitable vehicles.

Weeks of tense bargaining around Detroit are making battery manufacturers some 6,600 miles (10,600 kilometers) away nervous.

General Motors Co. can no longer say if it will make up to $14 billion in profit this year because a United Auto Workers strike, now in its sixth week, has made the company’s financial future too difficult to predict.

The United Auto Workers (UAW) union went on strike at Chrysler-parent Stellantis's largest assembly plant on Monday, hitting the automaker's profitable RAM 1500 pickup truck production in a major expansion of the more than month-old strike.