Showing results 1 - 25 of 15145
Hella planning IPO later this year, report says
LONDON (Bloomberg) -- German automotive supplier Hella KGaA Hueck and Co. is working with Citigroup Inc. and Bankhaus Lampe KG on an initial public offering later this year, according to people with knowledge of the matter. Hella, which reported annual sales of more than 5 billion euros ($6.7 ...
Strong retail demand to push U.S. sales higher in July, forecasts show
The pace of U.S. auto sales has slowed slightly after hitting an eight-year high in June, but July's results are still shaping up to be at least 9 percent better than a year ago, according to four forecasts. Forecasts from LMC Automotive, Kelley Blue Book, Edmunds.com and TrueCar.com call for a ...
VW brand replaces its global marketing chief
The global marketing head of Volkswagen brand, Simon Thomas, will leave the post Sept. 1 after just 12 months in the job. Thomas will be succeeded by Xavier Chardon, VW brand's European sales chief. Thomas will leave VW Group, the automaker said in a statement Friday. It did not say why Thomas was
North America car and truck production - 07/28/14
North America car and truck production - 07/28/14 web
North America car and truck production
7/21- June 1/1- 1/1-
7/26/14 Total 7/26/14 7/27/13
Fusion 824 2,473 30,042 52
Mustang 3,304 9,910 55,619 50,735
U.S. medium and heavy truck sales, June and YTD
U.S. medium and heavy truck sales, June and YTD
%U.S. medium- & heavy-truck sales, June & 6 mos.%
June 6 mos.
June June percent 6 mos. 6 mos. percent
2014 2013 change 2014 2013 change
Dodge Class 5* 761 553 38% 5,323 4,009 33%
Class 4 2,681 2,454 9% 13,997 13,253 6%
Class 5 3,018 3,893 –23%
GM, Manheim kiss and make up
About four years after a spat strained their business relations, General Motors and auction company Manheim are starting to kiss and make up. The companies aren't eager to discuss the origins of the dispute, but the result was a near-boycott of Manheim auctions by GM Financial and GM itself, which
NHTSA to investigate older GM models for software, airbag glitch
The National Highway Traffic Safety Administration will investigate whether 320,000 older Chevrolet Impalas have a software defect that might cause airbags to fail to deploy in a crash. Donald Friedman of Xprts, a Santa Barbara, Calif., company that specializes in automotive crash analysis, sought
Japan 3 Product Preview (7/25/14)
Our look at what's ahead for Nissan, Honda and Toyota; what has Mercedes saying 'ah;' Crain joins Hall of Fame.
Aston Martin revives Lagonda badge for powerful new sedan
LONDON -- Aston Martin will revive its Lagonda nameplate with a limited-edition, high-end sedan designed for customers in the Middle East. Aston Martin said the four-door Lagonda, which will go on sale next year, was developed to supply "specific market demand" in the Middle East. The car's angular
Fisker's Chinese owner plans 2nd model after Karma output resumes
WASHINGTON -- The Chinese owner of Fisker Automotive hopes to launch a second model that would join the $100,000 Karma luxury plug-in hybrid in three years, according to the company's chairman. Chairman Lu Guanqiu, the billionaire chairman and founder of Chinese auto parts giant Wanxiang Group Co.,
South African union said to reject wage deal to end strike, resume car output
JOHANNESBURG (Bloomberg) -- South Africa's biggest union will probably reject the latest pay offer from employers to end a three-week strike that has halted production at General Motors, Ford, Toyota and other automakers because of a clause related to workplace bargaining, a union official said. ...
Porsche importer buys former F1 circuit in South Africa
JOHANNESBURG (Bloomberg) -- Porsche South Africa has bought the 72-hectare Kyalami racetrack, which hosted F1 races between 1967 and 1993, for 205 million rand (14.5 million euro). The track was purchased during an auction in Johannesburg on July 24. Lance Chalwin-Milton, joint managing director of
Porsche Cayenne to offer new twin-turbo engine, plug-in hybrid for '15
When the freshened 2015 Porsche Cayenne goes on sale Nov. 1 in the United States, look for a new twin-turbo engine, a plug-in hybrid model and prices that range from 3 to 11 percent higher. Porsche also is dropping -- at least for now -- its base-model Cayenne, which had started at $50,595. That ...
FBI Search of Ford HQ (7/25/14)
Paper: Bureau seizes listening devices in probe of ex-worker; VW chief denounces anti-Semitism; shoppers ring up dealers.
Mazda expands U.S. recall of cars with faulty Takata airbags
(Reuters) -- Mazda Motor Corp. will broaden a recall of cars sold in the United States because an airbag inflator, supplied by Japanese supplier Takata Corp., could rupture and seriously injure occupants. The issue of ruptured inflators -- which can hurl metal shrapnel at vehicle occupants -- has
Lear profits rise on higher vehicle output, record seating volume, electrical gains
DETROIT -- Automotive supplier Lear Corp. posted second-quarter profits of $148.5 million, up 8 percent from $137.3 million, on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business. It also hiked its outlook for ...
Ford, FBI investigating former engineer for possible espionage
Detroit -- A longtime engineer recently fired by Ford Motor Co. is being investigated for possible espionage by the company and FBI after the discovery of listening devices installed at the company's headquarters in Dearborn, Mich. A lawyer for the mechanical engineer told the The Detroit News, ...
Gentex Q2 net income grows 47 percent
Auto parts supplier Gentex Corp. reported $76.7 million in net income with total revenue of $338.4 million for the second quarter. Net income increased 47 percent from the second quarter of 2013. Gentex's automotive division, which produces rearview mirrors and related parts, had total revenue of
Fiat and PSA dismiss latest tie-up report
MILAN (Reuters) -- PSA/Peugeot-Citroen and Fiat Chrysler denied a Financial Times report on Thursday that the companies were preparing a merger to create the world's fifth-largest carmaker. "PSA categorically denies every aspect of the FT report on a merger with Fiat," a spokesman for the French ...
Don't get out the party hats at Ford just yet, analyst says
A roundup of what analysts and others are saying about Ford Motor Co.'s second-quarter financial results released today: "Forty cents [a share] in the second quarter is as good as it's going to get. Despite the volume being down, they had a great cost performance. But ultimately, revenue still ...
GM remains bullish on Chevrolet-Manchester United sponsorship deal
DETROIT (Reuters) -- One bad season for Manchester United has not shaken General Motors' belief in its $559 million (415 million euro) sponsorship deal with the English soccer club. The logo of Chevrolet , GM's global volume brand, appeared on players' jerseys for the first time last Wednesday, ...
GM Near End of Recall Push (7/24/14)
Safety blitz 'substantially complete' Barra says; Ford's Europe product plan; Acura supercar fire; Keith Crain's big night.
Audi, BMW and Mercedes pressure Ford, GM as UK market booms
LONDON -- Germany's premium automakers are benefiting most from a boom in UK car sales that has far outpaced the recovery in the rest of Europe. Audi, BMW and Mercedes-Benz are winning sales and market share from mass-market manufacturers such as Ford Motor and General Motors' Vauxhall brand after
Citroen DS upscale line off to a slow start as a stand-alone brand
RENNES, France -- Vehicle sales at Citroen's upscale DS line, which became a stand-alone brand on June 1, fell during the first half, hit by an aging product lineup and tougher competition from refreshed rivals such as Mini. DS global sales fell 10 percent to 63,789 through June. The biggest ...
Outstanding U.S. auto loans hit all-time high, Equifax says
Total outstanding U.S. auto loans hit an all-time high of $902.2 billion this spring, an increase of more than 10 percent from the same time a year earlier, according to the latest Equifax National Consumer Credit Trends Report, which was released today . "Lenders are responding to record low ...