Showing results 1 - 25 of 15694
Italy mulls incentives to boost car sales
ROME (Reuters) -- The Italian government is considering offering tax incentives to encourage new car purchases by both private and public sector owners, Transport Minister Maurizio Lupi said. "We are thinking of using fiscal levers to encourage a renewal of our car stocks," Lupi told reporters ...
Faurecia increases earnings target after first-half 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 ...
GKN confident as auto-unit growth offsets currency hit
LONDON (Reuters) -- British engineering company GKN said today it was confident regarding the rest of 2014 after first-half profit at its car parts supply division helped offset a strong currency hit. GKN posted a 6 percent gain in pretax profit to 296 million pounds ($502 million) for the six ...
Fiat would find a safe haven in VW
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 ...
AvtoVAZ CEO Andersson aims to restore pride to Lada
Bo Andersson, a former top purchasing manager at General Motors, is the first non-Russian CEO of AvtoVAZ, which is now controlled by Renault-Nissan. Andersson, a Swedish national, is tasked with turning around AvtoVAZ's struggling Lada unit, whose sales have been hit hard by competition from ...
TRW net income rises to $265 million in Q2
DETROIT -- Automotive safety technology supplier TRW Automotive Holdings Corp. today said its second-quarter net income rose 7 percent to $265 million.andnbsp; Total revenue during the quarter rose 2 percent to $4.6 billion, the company said in a statement .andnbsp; TRW CEO John Plant cited ...
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 ...
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
Skoda bets on sporty design to boost Fabia sales
Skoda has given its Fabia subcompact a more dynamic, sharper and sportier design. The Czech brand will unveil the latest-generation Fabia at the Paris auto show in October. The car is the brand's No. 2 seller in Europe after the Octavia compact. The Fabia is the first Skoda to use elements of the
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
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
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 ...
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 ...
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.
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
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
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 ...