Author: Automotive News Breaking News Feed

Mitsubishi will sell a Renault-based mid-sized car in the United States under a new strategic tie-up between Mitsubishi and Renault-Nissan. The companies also plan to jointly develop a small electric car and a compact car for global markets.

BMW said operating profit at its key automotive division declined in the third quarter due to the cost of new technology and price discounts in core European markets.