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North America production downtime overtime - 07/31/15
North America production downtime overtime - 07/31/15
Week ending Aug. 8
Brampton, Ontario car
Toledo (Ohio) North truck
Toledo (Ohio) Supplier Park truck
Warren, Mich. truck
Ford Motor Co.
Kentucky Truck (Louisville) truck
Louisville (Ky.) Assembly
American Axle Q2 net grows 12%
American Axle and Manufacturing Holdings Inc. said today its second-quarter net income increased 12 percent from the year-earlier period to $58.6 million. The supplier of axle systems reported a 6 percent gain in revenue to $1 billion in the second quarter, driving a 10 percent gross profit ...
Denso lifts profit forecast on weaker yen
TOKYO (Reuters) -- Toyota-affiliated supplier Denso Corp. lifted its profit forecast for the first half of its fiscal year, citing bigger-than-expected currency gains from a weaker yen and higher overseas production of auto parts. Denso now expects an operating profit of 170 billion yen ($1.37 ...
VW diesel ad campaign gets sassy
The Golden Sisters -- Mary Bartnicki, Josie Cavaluzzi and Teresa Dahlquist -- may not be new kids on the block, but they are Volkswagen's secret weapon as it seeks to turn around its U.S. sales. Rising to fame in 2013 with their YouTube videos took off, the siblings have capitalized on their ad-lib
Honda, Subaru Profits Rise on U.S. Sales (7/31/15)
Honda, Subaru profits rise on U.S. sales; OnStar app under attack; Senate cracks down on automakers; Toyota skips Apple, Google; Snyder: U.S. to earn sales bronze.
FCA battles in court with Australia ex-CEO
SYDNEY (Reuters) -- Fiat Chrysler Automobiles traded charges in court with its former Australia CEO, who denied breaching his legal duties and said he acted on instructions from above after a lawsuit by the carmaker accused him of excessive spending and illegally enriching himself through ...
Honda quarterly profit rises 20% as U.S. sales, weak yen offset quality costs
TOKYO (Reuters) -- Honda Motor Co. said today its quarterly net profit jumped 20 percent as strong sales in the U.S. and a weak yen helped the automaker to absorb the impact of higher quality-related costs linked to a recall of cars equipped with Takata airbags. Between April and June, net profit
BMW revamps China marketing to focus more on tech, less on the badge
SHANGHAI (Bloomberg) -- BMW will increase spending on online marketing in China to emphasize its technology as part of efforts to target younger buyers, who care more about the latest features than the brand as a status symbol. The automaker will highlight technology features, some developed ...
Spain fines automakers for anti-competitive practices
MADRID -- Spain's CNMC competition authority fined 21 automakers and two consultancy firms 171 million euros for anti-competitive practices. The biggest individual fines were 22.8 million euros for General Motors and 20.2 million euros for Ford Motor. French carmakers received the next highest ...
Hacked Jeep Cherokee exposes weak underbelly of high-tech cars
SAN FRANCISCO (Bloomberg) -- The Jeep Cherokee brought to a halt by hackers last week exposed wireless networks as the weakest link in high-tech vehicles, underscoring the need to find fast over-the-air fixes to block malicious intrusions. Features that buyers now expect in most modern automobiles,
ANE's August e-magazine goes live Monday
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, August 3. This month's edition highlights Europe's first-half sales winners and looks at whether Greece's financial crisis will slow the region's stronger-than-expected rebound. We also have one-on-one interviews
Pininfarina hopes to agree sale to Mahindra but drafts stand-alone business plan
MILAN (Reuters) -- Italy's Pininfarina is still hoping to clinch a sale to Indian automaker Mahindra and Mahindra but has begun drafting a stand-alone business plan as its financial position worsens. On Thursday, Pininfarina reported a first-half net loss of 4.4 million euros, in line with the ...
Maserati's profits will recover with Levante SUV, Marchionne says
TURIN -- Maserati's profits will recover when the brand launches its first SUV next year, Fiat Chrysler Automobiles CEO Sergio Marchionne said. Maserati's second-quarter adjusted earnings fell by 30 percent to 43 million euros, according to parent Fiat Chrysler's financial results released ...
Subaru parent's operating profit jumps 70% on surging U.S. sales
TOKYO (Reuters) -- Japan's Fuji Heavy Industries Ltd., the maker of Subaru cars, posted a 70 percent jump in quarterly operating profit as sales continued to climb in the United States, its biggest market, and a weak yen boosted the value of earnings overseas. Fuji Heavy said today its ...
Delphi will buy UK cabling company to boost connectivity business
PARIS (Bloomberg) -- Delphi agreed to buy the HellermannTyton Group for 1.07 billion pounds ($1.7 billion) to add cabling gear used in cars. HellermannTyton, a UK supplier, manufactures ties, insulation and protection systems for cables in cars. The acquisition will help Delphi capitalize on ...
Why F-150 Crash Results Differ (7/30/15)
Mixed F-150 crash-test results; Ford rejects IIHS repair findings; costs cut Mazda’s profit; Delphi to buy cabling firm; Tesla’s $1,000 test.
Marchionne Clarifies, Compliments During Q2 Call (7/30/15)
Marchionne clarifies, compliments during Q2 call; Ford plant bomb threat; GM strike averted; limiting the CFPB's power; Amazon lands Clarkson.
Uber launches car leasing unit, makes entry into financial services
SAN FRANCISCO (Reuters) -- Uber Technologies has launched its own auto leasing subsidiary to seek more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time. The move by Uber, announced as a pilot project on Wednesday, follows the
Tech is a key for new-car marketing, study says
Targeting techies is an important marketing strategy for automakers, according to a study released today byandnbsp; J.D. Power . The company's 2015 U.S. Automotive Media and Marketing Report -- Summer edition found that 30 percent of new-vehicle drivers cited their vehicle's latest technology as a
FCA's Q2 profit rises 69% on strong NAFTA sales
Fiat Chrysler Automobiles said its second-quarter net income rose 69 percent to 333 million euros ($364 million) on a strong performance in North America and record global Jeep sales. Second-quarter revenue grew 25 percent to $32.03 billion, the company said in a statement today . Globally, FCA ...
Audi cuts global car sales outlook on China
BERLIN (Reuters) -- Audi lowered its global sales forecast for this year because of slumping demand in China, the automaker's biggest market. The company expects global deliveries to increase between 3 percent and 4 percent this year from the record 1.74 million sales in 2014, Audi said today in a
GM pulls back on rental fleet sales, seeks better margins
DETROIT (Bloomberg) -- General Motors will probably report weaker sales than some key rivals do in July. The largest U.S. automaker said that's because it's selling fewer vehicles to rental-car agencies -- not a lack of love in dealer showrooms. GM may report a sales decline or small gain in a ...
France prepares to sell 5% stake in Renault
PARIS (Reuters) -- France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Emmanuel Macron, the country's economy minister, said in an interview published on Thursday. "Going forward, we will sell the 5
Mitsubishi Motors' April-June net falls 15%
Mitsubishi Motors Corp. today said its fiscal first-quarter net income fell 15 percent to 23.99 billion yen, or $195.56 million, brought down by widening losses in Japan, poor performance in Europe and a drop in global factory unit sales. Revenues in the quarter ended June 30 dropped 2.6 percent to
GM recalls 82,620 Cadillac ATS sedans over sunroof issue
General Motors is recalling 82,620 Cadillac ATS sedans and issuing a stop sale on the vehicle for issues with the power sunroof. GM already had recalled 67,000 ATS sedans in February for the same issue -- power sunroofs that can auto-close when the non-recessed portion of the "slide" or "tilt" ...