Showing results 1 - 25 of 16566
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 fixing Toyota parts prices
An executive from G.S. Electech Inc., a supplier to Toyota Motor Corp., pleaded guilty today 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, the former engineering and sales division manager for Japanese
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
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 ...
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
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
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.
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,
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 ...
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 *
Ford, GM Cut Parts to Boost Payload Claims (7/31/14)
Automakers delete bumpers, spare tires to calculate key metric; Fields' currency concern; optimistic car colors.
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
Fiat investors likely to approve Chrysler merger
MILAN -- Fiat shareholders will likely approve the automaker's merger with Chrysler Group when they meet in Italy for the last time on Friday. Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger that will create the world's seventh largest automaker because its ...
Daimler will invest 1.5 billion euros in its biggest German plant after winning labor deal
SINDELFINGEN, Germany (Bloomberg) -- Daimler will spend 1.5 billion euros ($2 billion) through 2020 upgrading its largest car plant, in Sindelfingen, Germany, after employees agreed to more flexible working terms. The Mercedes-Benz factory will generate at least 100 million euros in savings through
Continental raises 2014 profit forecast on lower costs, auto demand
Munich -- Continental raised its 2014 profitability forecast for the second time this year after lower costs for production and supplies and improving demand for cars helped quarterly earnings gain. Earnings before interest and taxes, and excluding one-time items, acquisitions and disposal, will ...
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 ...
VW profit falls in second-quarter, raising pressure to cut costs
BERLIN -- Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility and a plunge in earnings at its core passenger-car division weighed on earnings. Operating profit fell to 3.33 billion euros ($4.46 billion), from 3.44 billion euros a year ago, VW ...
GM, too, removes parts to weigh pickups, boost payload ratings
Editor's note: An earlier version of this story said incorrectly that Ford Motor Co. removes parts across all F-series models in setting maximum payload ratings. Ford, in a reversal, said today it only removes components on its heavy-duty trucks to establish payload ratings. DETROIT -- General ...
Chrysler sued over Jeep ignition-switch failures
DETROIT (Bloomberg) -- Chrysler Group LLC was sued over allegedly faulty ignition switches in Jeeps, in a follow-up to more than 120 lawsuits General Motors faces over the same defect. Both automakers are accused of employing ignition switches that can be unexpectedly turned off, cutting power to
GM sued over deaths, injuries linked to ignition switch
NEW YORK (Reuters) -- General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches. The lawsuit was filed in Manhattan federal court, where dozens of ...
Volume hot, profits not, for GM Financial, Ford Credit
Editor's note: An earlier version of this story mischaracterized GM Financial's total outstanding consumer originations. It should have said 89 percent of GM Financial's total outstanding consumer loans in North America as of June 30 were for consumers with subprime credit. North American auto loan
VW suffers production woes adjusting to MQB platform, report says
WOLFSBURG (Reuters) -- Volkswagen's move to add extra German production shifts for the Golf hatchback, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources told Reuters. VW is relying on its new MQB modular platform to deliver
VW closes gap on Toyota's global lead
TOKYO (Reuters) -- Volkswagen Group is closing in on Toyota Motor Corp. as the global leader in vehicle sales, with a rapid expansion drive in China -- the world's biggest auto market -- while Toyota curbs growth to focus on shoring up quality. Toyota, reigning at the top spot in the auto industry