Showing results 1 - 25 of 16606
VW says production chief quits with immediate effect
BERLIN (Reuters) -- Volkswagen said group production chief Michael Macht will quit the carmaker with immediate effect after almost four years in the job. Thomas Ulbrich, head of production at the carmaker's main passenger-car brand, will take over duties from Macht on an interim basis until a ...
Unleashing Flood of GM Claims (8/1/14)
Hundreds of petitions expected over switches; Tesla widens loss; Ford, GM sued over CD-ripping tech; Barra's perfect pitch?
ZF supervisory board said to support TRW takeover talks
FRANKFURT (Bloomberg) -- German supplier ZF Friedrichshafen's supervisory board has backed negotiations to buy TRW Automotive Holdings Corp. after two days of meetings with management, said two people familiar with the matter. ZF CEO Stefan Sommer and his board were given the green light to ...
Chrysler sets pace with 20% gain on Jeep, truck volume
Major automakers, led by Chrysler Group's 20-percent gain, posted higher sales in July on strong retail and fleet demand. Sales rose 10 percent at Ford Motor Co. and 11 percent at Nissan Motor Corp. last month. "The July 4th holiday got sales off to a great start, and the pace remained solid all ...
Fiat shareholders approve Chrysler merger
TURIN -- Fiat shareholders today approved the automaker's merger with Chrysler in a move that seals the end of Fiat as an Italian company. Fiat, Italy's largest manufacturer and a symbol of the country's struggle to adapt to globalization, is leaving home after 115 years. The new company arising ...
VW may raise stake in FAW Chinese joint venture
FRANKFURT -- Volkswagen's only acquisition deal on the horizon is a possible increase of its stake in its highly profitable Chinese joint venture with First Automobile Works Corp., VW finance chief Hans Dieter Poetsch said. Unlike its other Chinese joint venture with Shanghai Automotive Group that
VW, Renault are Europe's engine plant leaders
Automotive News Europe's Guide to Powertrains shows the 83 locations where 19 automakers and suppliers produce the engines and transmissions that help drive the auto industry in Europe. The region's largest automaker, Volkswagen Group, has the biggest powertrain manufacturing footprint with 13 ...
ANE's August e-magazine goes live Monday
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Aug. 4. This month's edition looks at the potential risks and rewards facing Porsche as it strives to achieve global sales of 200,000 vehicles a year without sacrificing its exclusivity and its award-winning ...
Renault, PSA lose ground as French July car sales fall 4%
PARIS (Reuters) -- French car sales fell 4 percent in July as economic problems weighed on demand, the country's CCFA industry body said today. Domestic carmakers Renault and PSA/Peugeot-Citroen were both hit by a fall in monthly deliveries. Registrations in France fell to 143,777 cars last month
Audi's profits rise as sales growth offsets costs
BERLIN (Reuters) -- Audi today reported higher second-quarter operating profit, as gains from record luxury-car sales outweighed the impact of spending on technology and foreign expansion. Volkswagen's flagship division, accounting for over 40 percent of VW group profit, is setting up production ...
Renault will build Fiat Scudo successor
RENNES, France -- Renault will build Fiat's replacement for its Scudo commercial van starting in 2016, taking over production of the model from PSA/Peugeot-Citroen. The Fiat van will be produced in Sandouville, France, a Renault spokesman said. Renault has invested 230 million euros to convert the
Mazda, Subaru profit from strong U.S. sales amid downturn in Japan
TOKYO (Reuters) -- Japanese automakers Mazda Motor Corp. and Subaru parent company Fuji Heavy Industries Ltd. said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in the April-June quarter. The United States is the biggest ...
Denso's quarterly profit falls on Japan labor costs, compact car shift
TOKYO (Reuters) -- Denso Corp., the Toyota-affiliated auto supplier, posted a 16.7 percent drop in April-June quarterly operating profit from a year earlier as domestic labor costs rose and as automakers sold more compact cars in Japan that tend to be less profitable. Denso's first-quarter ...
Supplier exec pleads guilty to price-fixing, remains an employee
An executive from G.S. Electech Inc., a supplier to Toyota Motor Corp., pleaded guilty Thursday to playing a role in an international conspiracy to rig bids and fix prices on auto parts, the U.S. Department of Justice said . Shingo Okuda, an engineering and sales division manager for Japanese auto
Tesla's Q2 net loss widens to $62 million as randd expenses soar
Tesla Motors Inc.'s net loss widened to $61.9 million in the second quarter even though it assembled and delivered record numbers of Model S electric cars and posted a nearly 90 percent increase in revenue. The company's second-quarter loss compares with a $30.4 million loss a year earlier. Revenue
Future car colors inspired by Midwest homes, landscape, BASF says
Future cars and light trucks will sport more sparkling oranges and browns, soft blues and greens, and pearly whites and grays -- all inspired by the clear skies, lush lawns and warm homes found in the nation's heartland -- according to trend spotters at BASF Corp.'s automotive coatings divisions.
Eurofication of Buick lineup continues with #8230; an imported Regal?
The Buick Regal already is the most Euro-looking vehicle in Buick's lineup. In a few years, it might literally be European. All signs point to General Motors importing the Regal from Germany beginning in 2017, when the sporty sedan is due for its first redesign since the nameplate returned to the
BorgWarner net income up 9% for Q2 as engine division grows
BorgWarner Inc., a supplier of turbochargers and emissions systems, reported a 9 percent increase in net income for the second quarter as its engine division grows and the European market -- which makes up about half of the company's customer base -- continues to recover. Total revenue for the
Tesla-Panasonic 'Giga' Team (7/31/14)
Partners make battery deal; VW profit off, Subaru and Mazda up; NY used-car crackdown; Snyder: July U.S. sales on course.
Tesla, Panasonic agree to team on U.S. gigafactory
TOKYO -- Tesla Motors Inc. and Panasonic Corp. have agreed to cooperate on the construction and operation of the American carmaker's so-called gigafactory, its envisioned large-scale battery manufacturing plant in the United States. Under the plan, electric vehicle-maker Tesla will provide and ...
GM missed red flag from rental car firms on fatal crashes
WASHINGTON/DETROIT (Bloomberg) -- More than seven years before General Motors Co. began the biggest wave of auto recalls in history, an investigator for Vanguard Car Rental USA Inc. contacted the carmaker about a fatal rollover crash in California. A driver in a new Chevrolet Cobalt rented from ...
Delphi reports strong Q2 profit, but next quarter may disappoint
DETROIT (Reuters) -- Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter. Net income in the second quarter rose 4 percent to $382 million, or $1.26 on a per-share basis, compared with $367 million, or $1.17 a share,
Superior's Q2 net income drops 21%; Ark. plant to close
Aluminum wheel supplier Superior Industries International said today that its second-quarter net income tumbled 21 percent from the year-earlier period to $5 million on flat sales of $199 million. The company blamed higher factory costs relative to slow sales growth for the net income decline. Unit
Mexico light-vehicle sales by make, June and YTD
Mexico light-vehicle sales by make, June and YTD June
Mexico car and light-truck sales by make, June
2014.0 2013.0 2014.0 2013.0 2014.0 2013.0
Car Car Car Car Car Truck Truck truck truck Truck Total Total Total Total Point Total
Make 2014.0 2013.0 Share Share %
Mexico light-vehicle sales by nameplate, June and YTD
Mexico light-vehicle sales by nameplate, June and YTD Sheet1
Mexico light-vehicle sales by nameplate - June 2014
June June June 6 mos. 6 mos. 6 mos.
2014 2013 % change 2014 2013 % change
BMW division car * 605 * 524 16% * 3,615 * 2,846 27%
BMW division truck * 265 * 256 4% * 1,343 *