Showing results 1 - 25 of 15659
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 ...
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 *
Daimler will invest 1.5 billion euros in its biggest German plant
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 ...
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 ...
Toyota Cuts Famed Andon Cord (7/30/14)
Factory fixture that stops line replaced with button; tech-filled C class; Hyundai Sonata recall; Penske Q2 profit.
Mitsubishi's quarterly profit gains paced by Europe
Europe was Mitsubishi Motors Corp.'s most profitable region in the fiscal first quarter ended June 30, the company said today. Europe's operating profit of 12.6 billion yen ($124.3 million) nearly tripled from the year-earlier period, as revenues soared 73 percent to $1.45 billion. Unit sales there
Automakers seek delay on pedestrian-alert systems for hybrids, EVs
Automakers have asked the National Highway Traffic Safety Administration to postpone rules that would require hybrids and electric vehicles to be equipped with pedestrian-alert systems. With the agency already behind in approving a final regulation, the Alliance of Automobile Manufacturers and the
Chrysler recalls nearly 30,000 Fiat 500L cars for airbag glitch
Chrysler Group is recalling 29,500 Fiat 500L cars from the 2014-15 model years to replace knee airbags that may not deploy in the correct position if the driver is not wearing a seatbelt. The recall covers 25,500 vehicles in the United States and 4,000 in Canada. About one-third of the affected
Hyundai recalls 883,000 Sonata sedans to repair transmission-shift cable
DETROIT (Reuters) -- Hyundai Motor Co. is recalling about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash. The recall affects certain Sonata cars from model years 2011-14 in which the ...
Marchionne says he is open to new alliances but won't sell Alfa Romeo
MILAN -- Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs, especially in Europe where sales have been moribund for years. "We are not in the business of brand-trading,"andnbsp; Marchionne
Germany's ZF in advanced talks to buy TRW for near $12 billion, report says
NEW YORK/FRANKFURT (Reuters) -- Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive Holdings Corp. for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today. ZF, which is lining up roughly 10
Audi said to plan efficiency push to lower costs
BERLIN (Reuters) -- Audi plans to take steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins. The brand will launch a "fitness program" to help secure future growth as it grapples
Jaguar touts aluminum features on upcoming XE
Jaguar Land Rover is touting the aluminum features on its upcoming Jaguar XE sedan, promising it will be the most fuel efficient vehicle in brand history. U.S. fuel economy estimates for the vehicle are not yet available, but Jaguar's efforts underscore how automakers -- particularly Ford Motor Co.
Redesigned Mercedes-Benz C-class sedan packed with new tech
SEATTLE -- Mercedes-Benz is vying for the luxury compact crown with the redesigned 2015 C-class sedan, equipped with new technology and features trickled down from the S-class flagship. BMW is the market leader in the segment, with the 3- and 4-series compacts. But Mercedes-Benz executives say the
Audi CEO vows efficiency drive to enhance margins, report says
BERLIN (Reuters) -- Audi is planning to take steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins. Volkswagen's flagship brand will launch a "fitness program" to help secure ...
Penske Q2 net income rises 18% on strong gains in all segments
DETROIT -- Penske Automotive Group Inc. said today that second-quarter net income rose 18 percent from the year-earlier period, on higher new- and used-vehicle unit sales. Chairman Roger Penske said that, while most retailers have seen their new-vehicle gross profit margins squeezed, his company ...
GM, too, removes parts to weigh pickups, boost payload ratings
DETROIT -- General Motors now says it deletes heavy items such as the rear bumper from certain pickups when it weighs them in order to boost the vehicles' maximum payload ratings. GM says it adopted the practice for the 2014 model year in response to competitive pressures as it launched redesigned
Lexus' plans exclude China plant
TOYOTA CITY, Japan -- Lexus has no plans to join the rush of carmakers manufacturing in China because it has to learn to crawl in that market before it runs, a top executive says. Lexus remains the only major luxury brand with neither a plant in the world's biggest vehicle market nor plans to open