Stocks for automakers such as General Motors, Fiat Chrysler Automobiles and Ford took a pounding Tuesday after China devalued its currency in an effort to boost exports from the country, stemming the economic slowdown already underway.

In a statement released Tuesday, GM said it had enough of a local supply chain within China to offset its exposure to international currency fluctuations.

“We believe that our exposure is limited and manageable, and do not expect that the devaluation will have a material impact on the company’s financial performance,” the company wrote.

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In addition to the battery-powered (or is it a hybrid?) i3 and i8 cars, BMW may build an electrified X3-sized crossover, 5-series sedan and perhaps a larger Tesla Model X-sized SUV in its “i” car range, The Detroit Bureau is reporting.

The speculation comes from BMW chief Harald Krueger who said there was room in the “i” range for something else.

“Between the i3 and the i8, there is space if you look at it from the number point of view,” Harald Krueger said in an interview with the German newspaper F.A.S.

Precisely four numbers are between 3 and 8. Let’s speculate! Read More >

A lower priced e-Golf will directly compete with the Nissan Leaf for sub-$30,000 electric car buyers, the automaker announced Wednesday.

The e-Golf SE will start at $29,815, before federal and any available state incentives, which is nearly the same price as a Leaf S, Autoblog correctly pointed out. The e-Golf has a range of around 83 miles.

The Leaf has sold nearly 11,000 copies since the beginning of 2015.

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Kia’s chief in the U.K. says the automaker will have a new sports car by the end of the decade, Autocar is reporting. Hyundai probably won’t.

The two reports roughly detail a global business case the Korean is making for a small, lightweight sportscar that would be sold worldwide and further positioning for the brands.

According to Kia’s chief in the UK Paul Philpott, the car would be based on knowledge gleaned from the Stinger GT4 concept car.

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Audi just unveiled its newest super sedan, the S8, and said that the new all-aluminum car would get an 85 horsepower bump and would sprint from 0-60 in under four seconds.

The turbocharged 4-liter V-8, which can make 553 pound-feet of twist and is only about as deep as a case of beer, just became the eighth wonder of the known universe.

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Alfa Romeo is finishing its first crossover and will bring the car to market in mid to late 2016 in Europe and the United States, Automotive News Europe is reporting.

Fiat Chrysler Automobiles CEO Sergio Marchionne confirmed the model in his call last week about the automaker’s second-quarter earnings. The BMW X3 and Audi Q5-sized Alfa hasn’t been publicly named, but will be based off of Alfa Romeo’s coming Giulia.

The car would launch in Europe around September 2016 with a U.S. launch three months later, Marchionne said.

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Volvo will bring its smaller, compact-sized V40 wagon, its related crossover and long-wheelbase, Chinese-built S60 sedan to America, Autoblog is reporting.

The newest generation of the Volkswagen Golf-sized V40 wagon is being built with the U.S. in mind, Volvo senior vice president Alan Visser told media in the Netherlands. The earliest it could reach the United States would be 2017.

Visser also said the XC40, a compact crossover based on the V40 Cross Country, would make its way to the States shortly after the V40.

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Reuters Investigates has a scathing report on foreign workers in Japan at some of Subaru’s most important suppliers. According to the news agency, due to the combination of a booming “Abenomics”, Japan’s 2010 asylum seeker program, and manufacturers looking for cheap sources of expendable labor, foreigners are taken advantage of and treated as second- and third-class workers. Another program meant to help Chinese citizens learn manufacturing skills in Japan is also implicated in helping Subaru take advantage of marginalized immigrant workers.

Subaru isn’t the only automotive manufacturer named as the same suppliers also feed parts to Honda and Toyota.

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The best-selling mid-size sedans in the United States will catch up to their competition by offering boosted fours under their hoods soon, Automotive News is reporting (via Car & Driver).

The long-running Camry will replace its six-cylinder engine with the turbo four, though the Accord is likely to use a new, smaller, boosted four pot to replace its base four-cylinder engine.

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Despite slowdowns in China, Russia and Asia, Volkswagen surpassed Toyota in global auto sales by delivery in the first half of 2015, Automotive News Europe is reporting.

Volkswagen sold 5.04 million cars in the first six months of 2015, compared to 5.02 million for Toyota, according to the report. Sales were down 1.5 percent and 0.5 percent for Toyota and VW respectively.

GM was the third-largest automaker with 4.86 million vehicles.

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Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News.

The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for more money and offering fewer incentives, despite recent reports of F-150 incentives topping nearly $11,000 in some places.

Ford said revenues in North America surged 10 percent, which helped the company beat Wall Street’s expectations.

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General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday.

The cars won’t be sold in the United States, according to the statement.

The global vehicles will go on sale starting in 2019 and the automaker expects the line to eventually produce roughly 2 million cars annually.

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Ontario’s debt is swelling and as home to eight manufacturing plants — the largest complex in North America — automakers may have a tough time keeping plants open in Canada’s most-populous province.

According to a story by the Financial Post, Ontario is moving forward with an ambitious plan to revamp roads and mass transit systems despite its debt being downgraded by Standard & Poor’s bond index. The broad public spending plan also extends to other sectors, despite high unemployment numbers and slumping manufacturing jobs.

Automakers such as Fiat Chrysler Automobiles have called on the provincial government to cut back on public programs and reduce costs on utilities in an effort to keep car building in the province profitable. This year, Chevrolet will shift production of its Camaro to Michigan. On the whole, Oshawa GM production has a dark cloud lingering overhead until the company decides what to do with the facility in 2016.

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Remember earlier this month when Mazda MX-5 Miata program chief, Nobuhiro Yamamoto, said if you wanted to complain about the roadster’s lack of power, you could shove it down the aftermarket hole of your choice? Those were good times, two weeks ago.

It seems Fiat COO Alfredo Altavilla is of a completely different mindset when it comes to their own MX-5-derived 124 Spider, specifically any version of the car wearing a scorpion badge.

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Nissan announced yesterday that the current-generation Rogue would be concurrently produced for U.S. sales in Japan, Korea and the automaker’s Smyrna, Tennessee plant, which had us wondering: What about the Rogue Select?

According to a Nissan spokesman, the Rogue Select (which is essentially the last-generation Rogue) won’t be built alongside the current-generation Rogue in Japan, which may spell the end of the Select model in the states.

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