In this month's management briefing Dave Leggett takes a look at developments in major vehicle markets across the world. Here, we look at developments in the light vehicle market in the US.
Mazda Motor Corp. booked a 5.2 billion yen ($62.8 million) charge in the latest quarter to cover earthquake damage and said it could take until the end of the year to reach prequake production levels.
Supplier BorgWarner Inc. said today first quarter profits rose 63 percent to $124.5 million, aided by growing demand for its advanced powertrain technology. Sales for the quarter ending March 31 rose 34.5 percent from the same period last year to $1.
Vehicle output in Japan in March fell 57.3% from a year earlier to 404,039 units as major Japanese automakers suspended production following the 11 March earthquake and tsunami, an industry body said.
TerraPass, a company that funds projects to reduce carbon emissions, unleashed an updated carbon-footprint calculator that includes all-electric vehicle data.
BorgWarner booked a net profit in the first quarter of $124.5m, or $1.00 per share, compared with $76.2m and $0.63 a year ago. Sales rose 34.5% to $1,730.4m.
Shares in Penske Automotive Group surged to a new four-year high today after the nation's second-biggest dealer group reported a 67 percent jump in first-quarter profits, helped by higher new- and used-vehicle sales. Penske shares closed up 12.
Hot on the heels of its apocalyptic drive video, the brand-new
Vladimir Antonov's holding company director Lars Carlstrom has warmly welcomed today's (28 April) Swedish National Debt Office (SNDO) decision to vindicate the Russian businessman's application to own up to 30% of struggling Saab.
Another week has slipped by with still no resolution of The Saab Question. And so our dossier continues to grow.
Some of you may have seen this already; itand#8217;s been popular on the map sites for a while. But those who donand#8217;t know about Bendix Woods County Park west of South Bend, Ind.
Yes, that was us, AutoWeek, on the set of the filming of Fast Five last fall, the fifth in the series of The Fast and the Furious movies, which opens on April 29 to already salivating audiences.
EDITOR WES RAYNAL: I am surprised that the Toyota Tundra isn't selling better--that is, I'm surprised it hasn't cracked the Ford/Chevrolet and to a lesser extent Dodge stranglehold on the large-truck category. This is a good truck.
EDITOR WES RAYNAL: I am surprised that the Toyota Tundra isn't selling better--that is, I'm surprised it hasn't cracked the Ford/Chevrolet and to a lesser extent Dodge stranglehold on the large-truck category. This is a good truck.
Sales of Ford F-150 pickups with the optional EcoBoost 3.5-liter V6 engine have surpassed company estimates, with some dealers reporting robust demand as gasoline prices rise.
Sales of Ford F-150 pickups with the optional EcoBoost 3.
Chrysler will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments, the automaker said Thursday.
Chrysler will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments, the automaker said Thursday.
Chrysler will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments, the automaker said today. Chrysler made the announcement ahead of a planned visit later today by U.S.
Sergio Marchionne, CEO of Fiat and Chrysler, said today Chrysler Group could repay $7.53 billion in debts to the U.S. and Canadian governments before the end of June.
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