BYD Co., the Chinese carmaker backed by Warren Buffett, fell the most in almost two years in Hong Kong trading after third-quarter profit dropped 99 percent amid faltering sales. The shares declined 10 percent to close at HK$51.
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Ford Motor Company has reported third quarter net income of US$1.7 billion, a $690m rise on the same period last year.
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Ford Motor Co. today reported record third-quarter profits, raised its production forecast and said it will speed up steps to pare debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.
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Ford Motor Co. today reported record third-quarter profits, raised its production forecast and said it will speed up steps to pare debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.
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Ford Motor Co., after posting a record third-quarter profit, will continue to boost net pricing on vehicles by adding content -- and wants to close the pricing gap with Asian competitors.
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Ford of Europe reported its first quarterly loss since early 2009 as falling unit sales and rising raw material costs took their toll. Ford Motor Co.
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Honda Motor Co has reported a year-on-year increase in domestic first half production for the first time in four years, whilst production outside Japan grew for the first time in two, including all-time record production in Asia and China for the first half of a fiscal year.
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Fiat boss Sergio Marchionne has come under attack by senior politicians in Italy after saying that inefficiencies were hampering the carmaker's Italian plants.
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Fiat boss Sergio Marchionne has come under attack by senior politicians in Italy after saying that inefficiencies were hampering the carmaker's Italian plants.
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Auto safety systems supplier Autoliv Inc. reported higher-than-expected pretax profit for the third quarter on Tuesday and slightly raised its sales and profitability forecasts for the year.
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Online automotive advertising company Autotrader.com agreed to acquire car pricing service Kelley Blue Book. Autotrader.com did not disclose the details of the deal, which is expected to close by the end of the year.
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Nissan has said that its global production in September increased 27.2% year-on-year to 395,658 units, marking an all-time record for a single month.
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Ford plans to spend US$850m upgrading at least four plants in Michigan and to hire 1,200 additional workers over the next three years if, as expected, the state approves US$400m in tax relief as part of a jobs retention scheme later this week.
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Special edition £26,150 Prius Generation X model marks Toyota hybrid’s first 10 years.
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Special edition £26,150 Prius 10th Anniversary model marks Toyota hybrid’s first 10 years.
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The strength of the Japanese yen is causing concern in the country's auto industry, with a leading executive from Nissan suggesting the sector may face a crisis.
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Nissan's luxury Fuga hybrid, the company's first petrol-electric vehicle to use its own technology, goes on sale next week in Japan priced from Y5.78m (US$71,500). Toyota's Prius costs Y2.05m.
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BMW is being investigated by COMCO, the Swiss competition commission, over allegations that the company may have prevented sales in the European Economic Area (EEA) to Swiss residents.
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Here's a brief run-down of reports available in our research store that caught our eye over the past week or so...
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Pirelli is consolidating its position in Argentina and will invest US$100m at its Merlo facility, in the province of Buenos Aires, by 2013.
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