The previous record at the pumps, set in April 2012, was broken on Sunday as global oil prices rise dramatically, doubling from around $40 a barrel a year ago to $85 now.
The group sold just over 599,000 vehicles in the third quarter, down 22.3 percent compared to the same period in 2020 when the auto industry re-emerged from months of pandemic-induced paralysis.
Continental's sales in the third quarter were down year-on-year by 8.5 percent to 8 billion euros as the supply crisis worsened, according to preliminary figures published alongside the outlook revision.
Japanese prosecutors are seeking a two-year prison sentence for Kelly, a US citizen and former aide to ex-Nissan chief Carlos Ghosn.
Profits fell 41 percent to $2.4 billion following a 24 percent drop in revenues to $26.8 billion amid a broad-based decline in sales in all markets and across models.
The price per share for the offering had been set at 53 Swedish kronor, at the bottom end of the range Volvo announced last week of between 53 and 68 kronor per share ahead of its initial public offering (IPO).
The Detroit giant, which has joined other major automakers in cutting back production amid a global chip shortage, saw lower revenues tied to a drop in car sales compared with the year-ago period.
The Mercedes-Benz maker said in a statement its net profit surged 19 percent year-on-year to 2.57 billion euros ($3.0 billion) while earnings before interest and taxes rose four percent to 3.61 billion euros.
The recall will address two manufacturing defects in electric battery cells, which can cause the cars to catch fire.
Michael Taylor and his son Peter Taylor were arrested in May after Japan issued a warrant accusing them of helping Ghosn flee Tokyo for Lebanon in December 2019
US-Italian auto giant Fiat Chrysler and France's Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot's parent, PSA Group, would lead the new company as CEO while John Elkann, chairman of Fiat Chrysler Automobile (FCA), would be chairman.
Britain's auto industry, seeking to swerve Brexit obstacles, is accelerating toward electrification as consumers shun high-polluting diesels, driven by rapid advances in technology and greener government policy. Four famous car brands born in Britain but now foreign-owned -- German-held Bentley and Mini, Indian-backed Jaguar Land Rover, and Chinese-controlled Lotus -- have each this month outlined plans for purely electric models to sit alongside their petrol vehicles.
With the wind rushing through their hair, they zip past on bikes, electric scooters and mono-wheels, effortlessly passing lines of hot-and-bothered drivers stuck in the endless Paris traffic. In the French capital, the new mobility revolution has caught on fast, with locals and tourists embracing the growing array of app-based ways to get around. And with climate change bringing frequent heatwaves and more peak pollution alerts, Paris is beginning to push back against the dominance of the car.
German high-end car giants BMW and Mercedes-Benz maker Daimler AG said on Thursday they would work together to develop automated driving and driver assistance systems, the latest cooperation for the historically fierce rivals. The two manufacturers have sealed a "long-term, strategic co-operation to make next-level technologies widely available" by around 2025, they said in a joint statement.
German prosecutors on Monday said they have launched fresh legal proceedings over Porsche's role in the diesel emissions cheating scandal that erupted in 2015, which could leave the luxury carmaker facing a hefty fine. "We have opened an administrative proceeding (against Porsche AG) at the end of which a court could impose a fine," a spokesman for the Stuttgart prosecutor's office told AFP, confirming a Bloomberg News report. Porsche's parent company Volkswagen and fellow high-end subsidiary Audi were last year hit with similar "administrative" cases by prosecutors in Brunswick and Munich, which are separate from any ongoing criminal investigations against company individuals.
Japanese car manufacturer Nissan announced Sunday it was cancelling plans to build its X-Trail SUV at its plant in northeast England despite Brexit assurances from the government.
Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday. The US giant has already announced the recall of some Model S vehicles as part of a global industry-wide rooting out of parts made by Takata, which went bust in 2017 after its airbags were blamed for a number of deaths. The affected vehicles in China are Model S cars made between February 2014 and December 2016, the State Administration of Market Regulation said.
Will flying cars take off at the upcoming Consumer Electronics Show? Well, sort of. The prototypes won't be soaring over the Las Vegas Strip during the technology extravaganza which runs from January 8-11. But a number of flying car designs will be on display, portending what many see as an inevitable airborne future for short-range transport with vertical takeoff and landing, or VTOL.NFT Inc. co-founders Maki and Guy Kaplinsky, a couple developing a flying vehicle in Israel and California, will have their vision on display at the show, with a media session on Sunday.
The board of automaker Nissan was meeting Monday to discuss a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct, as tensions grow in the firm's alliance with Renault. The Japanese company removed Ghosn from his post last month after he was detained on allegations of under-reporting his salary. But it appears unlikely to agree on a permanent replacement for him immediately, in part because of open discord with French automaker Renault. Nissan itself faces charges of allegedly submitting financial documents that understated Ghosn's pay, and Renault is now reportedly seeking more sway on the Japanese firm's board.
Rolls-Royce on Wednesday said it was switching to Germany from the UK its design-approval of large aircraft engines after Prime Minister Theresa May delayed parliament's vote on the Brexit deal. "Rolls-Royce notes the decision by the UK government to delay the vote on the proposed Withdrawal Agreement and political declaration," the company said in a trading update. May has postponed a historic vote in parliament over her EU withdrawal agreement because of its certain defeat -- and must now win a no-confidence vote by MPs in her Conservative party to be held Wednesday.
