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Jul
30th

INDIA: Mahindra & Mahindra sees Q1 gross revenue rise

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Mahindra & Mahindra has posted improved gross revenue and other income of IRS5,663 compared to IRS4711 for the first quarter, an improvement of 20.2%. Full story...
Jul
30th

Ford’s Turkish JV posts 47% rise in net profit

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Ford Motor Co.'s joint venture in Turkey posted a forecast-beating net profit of 125.23 million lira ($83 million) in the second quarter, driven by a strong rise in sales. Net profit at Ford Otosan rose 47 percent from 84. Full story...
Jul
30th

THAILAND: BMW considering EV production in Thailand

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BMW is considering Thailand as a regional production base for electric vehicles, according to sources within the Thai government. Full story...
Jul
30th

UK: Government releases more funding for green vehicle infrastructure

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Six successful bidders will share GBP660,000 match funding from the UK's Department of Business for gas refuelling or electric vehicle charging infrastructure projects. Full story...
Jul
30th

Obama: Auto industry revival justifies bailouts

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President Barack Obama, in the heart of the U.S. auto industry, told a crowd of workers that the government bailouts of General Motors Co. and Chrysler Group LLC are giving taxpayers a return on their investment. Full story...
Jul
30th

Obama to pitch early success of auto bailouts

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President Obama visits Michigan - the heart of the U.S. auto industry - today on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return. Full story...
Jul
30th

Cayman Clubsport for LA Show

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Porsche to launch hardcore Cayman in November.


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Jul
30th

GERMANY: Conti’s powertrain unit ‘heading for break-even’ in 2010

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Continental believes its troubled powertrain division could be profitable this year, one year earlier than originally forecast, finance chief Wolfgang Schaefer said. Full story...
Jul
30th

Denso raises profit forecast on global auto rebound

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Japan's biggest auto parts maker swung to a profit in the latest quarter and cited recovering markets in North America and Asia for its improved outlook. Full story...
Jul
30th

Denso lifts profit forecast on global auto rebound

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Japan's biggest auto parts maker swung to a profit in the latest quarter and cited recovering markets in North America and Asia for its improved outlook. Full story...
Jul
30th

US: Dana reports strong Q2

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Dana Holdings net income for the second quarter of 2010 was US$9m compared to break-even a year ago. Full story...
Jul
30th

UK: North East looks for suitable quick charging locations

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Authorities in North East England are seeking suitable locations for 12 quick chargers as part of plans to install 1,300 charging points by 2013. Full story...
Jul
30th

Volvo CEO says China plant is key to success under Geely

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Volvo's success after its sale to Zhejiang Geely Holding Co. will hinge on building a manufacturing plant in China, the Swedish carmaker's CEO said. Full story...
Jul
30th

Volvo CEO says new China factory is key to success under Geely

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Volvo's success after its sale to Zhejiang Geely Holding Co. will hinge on building a manufacturing plant in China, the Swedish carmaker's CEO said. Full story...
Jul
30th

FRANCE: Renault reports 23% rise in first half revenues

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The Renault group said today (30 July) it had posted significant improvements in earnings and sales for the first half of the year: revenues totaled EUR19.668bn (US$25.6bn), up 23.1% on the first half of 2009, while worldwide sales grew 21.7% and the group's share of the global passenger car and LCV market reached 3.8%, an increase of 0.15% year on year. Full story...
Jul
30th

US: Goodyear posts healthy Q2 improvement

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Goodyear has reported increased second quarter sales up 15% compared to last year, with tyre performance improving across all four of the company's business segments. Full story...
Jul
30th

JAPAN: Honda Q1 operating profit soars

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Honda Motor on Friday said operating income for its fiscal first quarter ended 30 June, 2010, had risen 831.7% to JPY234.4bn. Full story...
Jul
30th

Nissan Leaf available to pre-order from September

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Leaf to cost £23,990 when UK order books open, Portugal gets first European cars.


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Jul
30th

Porsche builds 25,000th Panamera

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German firm races to sales milestone in just 10 months.


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Jul
30th

Q&A with Citroen designer Bertrand Dantec

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Citroen’s Chief of Project Design talks to us about how he sees the future of the French firm’s design unfolding.


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