Showing results 1 - 25 of 16745
Renault first-half profit surges 25% on cost cuts
PARIS -- Renault today reported a 25 percent jump in first-half operating profit thanks to cost-cutting even as currency headwinds and mounting inventories hurt sales and cash flow. Earnings before interest, taxes and one-time items climbed to 729 million euros ($979 million) from 583 million euros
Faurecia increases 2014 earnings target after H1 profit jumps 21%
PARIS (Bloomberg) -- French supplier Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent on strong demand in Asia and higher market share in its home region. Operating income rose to 311 million euros ($418 million) from 256 million euros a year earlier, Faurecia ...
Honda profit rises 7 percent on cost cuts, Japan sales
TOKYO -- Honda Motor Co.'s April-June operating profit rose 7 percent from a year earlier to 198 billion yen ($1.94 billion), as lower sales in the United States were offset by costs cuts and the company's stronger focus on Asian markets. Net income rose 20 percent to 146.5 billion yen, Honda said
VW - a safe haven for Fiat?
Some things sound so improbable that you think that they just might be true. Reports that Volkswagen may buy Fiat-Chrysler (FCA) come under this category. VW patriarch Ferdinand Piech has always been interested in buying Fiat's Alfa Romeo and Ferrari units, but the likelihood of VW acquiring the ...
Honda's summer clearance makes an impression
Previous Weeks Top Videos of the Year Top Videos of All Time Honda's promotion for its summer sales clearance offered the only new video on our viral video list this week, but three videos from Toyota, Jaguar and Ford broke back into the top 10. Honda's "Fan" from Rubin Postaer and Associates ...
North America car and truck production by plant, June
North America car and truck production by plant, June Plant
North America car and truck production by plant, June and YTD
June 4 mos.
June June Percent 4 mos. 4 mos. Percent
2014 2013 change 2014 2013 change
Ford Fusion 2,473 33 – 28,395 52 –
Many drivers are ready for autonomous cars, survey says
A significant percentage of drivers are ready for their cars to do the driving for them. In a study conducted in June by Insurance.com, 32 percent of the 2,000 licensed drivers surveyed said they would not continue to drive themselves once a self-driving car became available. This was the first ...
Nissan profit rises 37% on U.S., China demand
TOKYO (Bloomberg) -- Nissan Motor Co. today said net income rose 37 percent to 112.1 billion yen ($1.1 billion) in the April-June quarter as deliveries rose in the United States and China, its two biggest markets. The profit increase may signal that CEO Carlos Ghosn is gaining traction after making
Ford Hikes F-150 Prices (7/28/14)
Eight polling that Tug of war what heavy duty YouTube has poured threatening to life. You're watching auto news now. Good to see you on this Monday. I'm Tom back for Ford and Chrysler the stakes couldn't be higher. According to true cart dot com heavy duty pickups represent 23%. Of all pick up
VW, Ford, Nissan eye China's entry-level market
SHANGHAI -- For a long time, global automakers have been reluctant to sell inexpensive vehicles in China because they didn't want to reduce the healthy profit margins on their products. But the landscape is changing and now foreign automakers are jumping into China's entry-level market. Nissan's ...
Tenneco's Q2 profit rises 29% on record revenue
Tenneco Inc., a ride-control and emission-control systems supplier, today reported that its net income rose 29 percent in the second quarter from a year ago to $81 million on record revenue of $2.2 billion. For the second quarter of 2013, Tenneco's net income was $63 million. The quarterly revenue
GM, Toyota plan to resume production in South Africa
JOHANNESBURG (Reuters) -- General Motors and Toyota Motor Corp. plan to resume production on Tuesday in South Africa and the nation's largest union agreed to end a four-week strike in the metals sector after accepting a wage increase offer from employers. The deal was a welcome relief to the ...
Akerson on GM Recall Crisis (7/28/14)
Cultural problems worse than managers realized, former CEO tells paper; Nissan net income rises 37%; safety 'firsts' for Volvo.
2015 Cadillac ATS offers wireless charging dock
General Motors said it will offer wireless charging for smartphones for the first time in the 2015 Cadillac ATS sedan and coupe when they are launched this fall. The wireless charging dock will be compatible with Powermat -- a smartphone accessory that allows devices to be charged on a rubberized
Akerson says GM's problems were worse than execs thought
Former General Motors CEO Dan Akerson said the automaker's delayed ignition switch recall was indicative of a flawed corporate culture that was worse than he and other executives had originally recognized. In an interview last week with The Detroit News that was published today , Akerson reflected
North America car and truck production by model, June
North America car and truck production by model, June Model
North America car and truck production by model, June and YTD
June 4 mos.
June June Percent 4 mos. 4 mos. Percent
2014 2013 change 2014 2013 change
Fusion 2,473 33 – 28,395 52 –
Mustang 9,910 7,261 37% 49,012 50,735 -3%
Ford hikes revamped F-150 pickup prices as much as $3,615
Editor's note: An earlier version of this story incorrectly described the change in price and base price of the 2015 F-150 King Ranch pickup. DETROIT -- Ford Motor Co. is raising prices on the new 2015 aluminum-bodied F-150 pickup by $340 to $3,615 and has trimmed the number of models to five from
BMW unveils cheaper, suitcase-sized EV charger
WASHINGTON -- BMW Group, which sees rapid recharging as key to the success of its new BMW i3 electric vehicle, said today that it has helped develop a less expensive charger the size of a small suitcase that could help create a nationwide charging network. By making its quick chargers available at
Average wholesale used-vehicle prices, June
Average wholesale used-vehicle prices, June Web
Average wholesale used-vehicle prices, May
Average Prices Unit) Average Prices Unit) Latest Month Versus: Latest Month Versus: Latest Month Versus:
Jun-14 May-14 Jun-13 Prior Month Prior
Consumer Reports presses Toyota to recall some 177,500 Camry hybrids
DETROIT (Reuters) -- An influential consumer magazine on Monday called on Toyota Motor Corp. to recall about 177,500 older Camry hybrid sedans to address potential power brake defects. Consumer Reports , which many consumers use when studying what vehicles to buy, said the Japanese automaker's ...
Tesla, Panasonic reach agreement on U.S. battery plant, report says
(Reuters) -- Panasonic Corp. has reached a basic agreement with Tesla Motors Inc. to initially supply the electric automaker's proposed lithium-ion battery plant with machinery to make battery cells, the Nikkei said. Panasonic will likely invest about 20 billion yen to 30 billion yen ($196.4 ...
GM Korea reaches tentative wage deal, averting strike
SEOUL (Reuters) -- General Motors' South Korean unit reached a tentative wage deal with its labor union today, averting a potential strike at one of its key Asian production bases.andnbsp; The agreement came after GM Korea CEO Sergio Rocha earlier this month warned that potential labor unrest could
Fiat investors advised to vote for Chrysler merger
MILAN (Reuters) -- Proxy adviser Glass Lewis has recommended that Fiat investors vote in favor of a merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying its benefits outweighed concerns over a potential increase in voting power for its main shareholder Exor. Fiat
Performance push from Japan's Big 3
Reliable but unexciting. That's been the knock on Japanese cars in the United States since, well, always. But Toyota, Honda and Nissan -- and their upscale offshoots -- are out to change that impression with several high-performance halo cars. Acura will unleash its NSX sports car in the first half
Scion's entry-level reload means big changes
After a year of studying the possibility of turning Scion into a near-luxury brand that would slot underneath Lexus and compete against the German entry-luxury products, Toyota has decided to keep it as a starter brand with a product lineup tailored to young shoppers. That lineup won't be ...