Auto parts maker reported a sharp rise in quarterly profit as the global auto industry continued to recover. Net income during the second quarter rose to $49 million, up from $3 million. Revenues rose 23 percent to $1.6 billion, up from $1.3 billion.
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The auto parts maker reported a sharp rise in quarterly profit as the global auto industry continued to recover. Net income during the second quarter rose to $49 million, up from $3 million. Revenues rose 23 percent to $1.6 billion, up from $1.
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In its second recall announced today (29 July), Toyota Motor Sales (TMS) says Lexus is to voluntary recall around 39,000 2003-2007 Model Year LX 470 vehicles to address a steering shaft condition.
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In its second recall announced today (29 July), Toyota Motor Sales (TMS) says Lexus is to voluntary recall around 39,000 2003-2007 Model Year LX 470 vehicles to address a steering shaft condition. No other Toyota or Lexus vehicles are involved in the safety recall.
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Toyota Motor Sales (TMS), US says it will voluntarily recall around 373,000 2000-2004 Model Year Toyota Avalons in the US to address the possibility the vehicle's steering lock bar could break under certain conditions.
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The SMMT has reported that average new car CO2 figures continue to show the market moving in the direction of lower CO2 cars.
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Nissan Motor Co., Japan's third-largest automaker, swung to a first-quarter profit as auto demand recovered in North America and sales grew in Asia. Nissan posted net income of 106.6 billion yen ($1.
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Fuso is the first truck manufacturer worldwide to introduce a double-clutch transmission in commercial vehicles.
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China's Ministry of Commerce said it has approved Zhejiang Geely Holding Group Co.'s purchase of Ford Motor Co.'s Volvo car unit, paving the way for completion of the $1.8 billion acquisition agreed by the two companies in March.
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Toyota has pushed back plans to build its Prius hybrid in the US by as much as six years.
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Customers in California, Washington, Oregon, Arizona and Tennessee will be the first in the US to be able to buy the new Nissan Leaf electric vehicle when it launches there in December.
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General Motors' plan to acquire the automatic transmission plant in Strasbourg has taken a step closer to fruition.
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Volkswagen AG said it is confident of improving its sales and margins even though the second half would get tougher.
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Volkswagen reported its biggest quarterly profit in two years on higher demand in China and the United States for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to 1.25 billion euros ($1.
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Volkswagen reported the biggest quarterly profit in 2 years on higher demand in China and the U.S. for the Golf compact and Audi A5 coupe. Second-quarter net income quadrupled to $1.63 billion, the company said.
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Porsche's Leipzig factory in eastern Germany has built the 25,000th Panamera, 10 months after sales began.
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Toyota said it would recall 412,000 high-end passenger cars in the United States to fix steering problems.
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Toyota will recall 412,000 high-end passenger cars in the United States to fix steering problems.
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German auto parts supplier Continental AG believes its troubled powertrain division could reach profitability on an underlying basis in 2010 already, its finance chief said on Thursday.
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Nissan Motor Co. and Hyundai Motor Co's forecast-beating quarterly profits may prove tough to match in the second half as robust sales in China and elsewhere start to slow. A patchy recovery in the U.S.
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