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The company is considering raising funds in China to finance at least a portion of the investment for the plant, a person familiar with the plans told Bloomberg.

The 2019 Buick Regal Sportback is the fourth vehicle globally to receive the Avenir high-end treatment.

Being able to benchmark against new owner PSA was a key advantage to help Opel/Vauxhall cut costs and reverse losses, Opel CEO Michael Lohscheller said.

Mazda reported a 17 percent drop in quarterly operating profit on rising incentives, foreign exchange rate losses and increased investment in its U.S. retail network.

Audi will unveil an electric supercar concept that could signal the company is ready to add an e-tron version of its R8 supercar or even replace it altogether.