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Oct
30th

Daimler, VW dampen speculation about imminent CEO succession

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Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said today, adding that any potential candidates would most likely come from within their respective companies.No tags for this post.
Oct
30th

Tower International reports higher Q3 profits on improved sales in Americas

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Tower International today reported improved earnings in the third quarter due to improved sales in the Americas.No tags for this post.
Oct
30th

BMW, others bet on Brazil but benefits trail Mexico

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BMW is among a clutch of carmakers investing in Brazil as a growing middle class fuels a surge in car sales, but high costs, poor infrastructure and few trade agreements mean Brazil can't compete with rival Mexico as a Latin American...No tags for this post.
Oct
30th

Johnson Controls profit beats estimates as car seat demand rises

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Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill.No tags for this post.
Oct
30th

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

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Chrysler Group said that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.No tags for this post.
Oct
30th

Lithia’s Q3 net rises 11% on 21% revenue gain

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Lithia Motors today said its third-quarter net income increased 11 percent to $34.5 million, as revenue rose 21 percent to $1.30 billion, on double-digit revenue increases in all areas of operations.No tags for this post.
Oct
30th

Hyundai plans to take on Toyota’s Prius with new hybrid model

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South Korea's Hyundai Motor said it is developing its first dedicated gas-electric car that would go up against Toyota's best-selling Prius.No tags for this post.
Oct
30th

Hyundai plans to take on Toyota’s Prius with new hybrid model

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Hyundai is developing its first dedicated hybrid car to challenge Toyota's best-selling Prius. The move will help it diversify its eco-friendly vehicle line-up and develop next-generation green technology to meet emission regulations in key markets.No tags for this post.
Oct
30th

CHINA: Lifecycle & body extension for Infiniti QX50

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An Infiniti spokesman has told just-auto.com that the aged QX50 crossover will not be replaced "in the near future". This follows the recent introduction of a made-in-China version of the now seven-year old model.No tags for this post.
Oct
30th

US: CNH Industrial posts Q3 net income of US$162m

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CNH Industrial has posted third quarter net income of US$162m, down from US$275m, with revenues totalling US$7.7bn, down from US8.2bn last year.No tags for this post.
Oct
30th

Ferrari spinoff’s real winners are Agnelli clan

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The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies.No tags for this post.
Oct
30th

Ferrari spinoff’s real winners are Agnelli clan

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The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies.No tags for this post.
Oct
30th

US: GM invests US$63m to expand crossover plant

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General Motors will add 263,000 sq ft to its newest plant in North America, the Lansing Delta Township facility in Michigan, which was opened in 2006.No tags for this post.
Oct
30th

US: Eaton books Q3 operating earnings up 15% to US$616m

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Eaton says operating earnings for the third quarter, excluding pre-tax charges of US$19m to integrate recent acquisitions, were US$616m, an increase of 15%.No tags for this post.
Oct
30th

US: Goodyear books Q3 operating income up 21% to US$520m

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Goodyear has posted third quarter segment operating income of US$520m million, up 21%, with what it says are record North America Q3 earnings up 30% to US$210m.No tags for this post.
Oct
30th

Airbag investigators focus on metal shards sprayed at crashes

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More details are emerging about accidents involving Takata airbags -- and the horrific injuries and subsequent lawsuits that resulted from them.No tags for this post.
Oct
30th

Takata airbag investigators in U.S. focus on metal shards sprayed at crashes

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More details are emerging about accidents involving Takata airbags in the U.S. -- and the horrific injuries and subsequent lawsuits that resulted from them.No tags for this post.
Oct
30th

US: Johnson Controls books Q4 net income of US$311m

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Johnson Controls has reported fourth quarter net income from continuing operations of US$311m with US$11bn in revenues, up 3% from US$10.7bn.No tags for this post.
Oct
30th

BELGIUM: Europe-wide mandate for ESP on cars & LCVs

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From 1 November, all cars and light commercial vehicles registered in European Union member states, with a GVW of fewer than 3.5 tonnes, must have ESP as standard equipment. The regulation will take effect for all other vehicles on 1 November 2015.No tags for this post.
Oct
30th

SOUTH KOREA: Hankook Tire posts Q3 operating profit of US$261m

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Hankook Tire has posted third quarter operating profit of US$261m, with global consolidated sales of KRW1.72tn.No tags for this post.
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