
Toyota kept its lead over General Motors and Volkswagen this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit.

Toyota kept its lead over General Motors and Volkswagen this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit.

Spain said it would extend for the third time a scheme to subsidize purchases of new cars that has helped reverse a fall in deliveries in the country.

Europe’s booming subcompact SUV/crossover segment has become a bright spot for brands such as Opel, Peugeot and Renault, but now their Asian rivals plan to make life tougher.

Volkswagen plans to start selling electric cars in the United States in 2015, the New York Times reported, citing a Volkswagen official.

European car sales fell 5 percent in August with PSA/Peugeot-Citroen and Volkswagen Group hit hardest by the euro-zone slump, which is keeping customers out of showrooms.