Two-door, hatch and SUV are set to join next Toyota Prius saloon, as the hybrid brand gets its own showrooms
UK engineering giant GKN will to acquire the all-wheel-drive components businesses of Getrag, a privately held German company.
BorgWarner on Thursday reported higher quarterly profits, driven by increased demand for its fuel economy systems and technologies, and hiked its 2001 outlook. Sales rose 28 percent to $1.8 billion in the latest period.
BorgWarner today reported higher quarterly profits, driven by increased demand for its fuel economy systems and technologies, and hiked its 2001 outlook. Sales rose 28 percent to $1.8 billion in the latest period.
The wraps came off the electric RAV4 last year, and Toyota bosses are about to put it into production
Volkswagen said it expects revenues and operating profit to rise significantly this year, fuelled by growth in all regions which has helped operating profit to more than double in the first half of the year.
Federal-Mogul, after posting higher second-quarter profits and sales, said it's focused on growth and is evaluating acquisitions four months after considering putting itself up for sale. The supplier is able to spend as much as $1.
Saab's largest white-collar union says unless its members are paid, it will file for the automaker's bankruptcy, a process that could start within two weeks.
Rising sales of premium vehicles in Asia Pacific and emerging markets have helped drive a 10% rise in profit at multinational car dealer Inchcape.
Auto parts maker Dana posted higher quarterly profits and raised its full-year profit outlook on higher production volumes. Net income rose to $61 million during the second quarter compared with $1 million in the year earlier period.
Renault this morning [28 July, 2011] was very full of the can-do and the must-do. As its new boss and his head bean counter fielded questions from sceptical investment analysts on the half-year financial results, two things became very clear. One: there is much to do. Two: Carlos Tavares, the chief operating officer, is well aware of it.
Renault this morning [28 July, 2011] was very full of the can-do and the must-do. As its new boss and his head bean counter fielded questions from sceptical investment analysts on the half-year financial results, two things became very clear. One: there is much to do. Two: Carlos Tavares, the chief operating officer, is well aware of it.
Renault reported first half net income up 52% year on year to EUR1,253m on record sales of 1.4m units, up 1.9%, and group revenue up 7.3% to EUR21,101m.
Toyota Motor Corporation has declined to comment on a Japanese media report it would spend JPY20bn to JPY30bn (US$260m-$390m) to boost engine manufacturing capacity in China 30% to 1.3m units a year in 2013.
Hyundai Motor Co. had a 37 percent gain in second-quarter profit as the company increased production to fill the void left by disruptions at Japanese rivals. Net income was 2.3 trillion won ($2.2 billion) in the three months ended June 30.
Renault has released a picture of its refreshed Twingo, which the company says will be the first production vehicle to show the brand's new design identity. The updated Twingo will debut at the IAA in Frankfurt in September.
General Motors has given its most categorical assurance to date that European division Opel will not be put up for sale.
Volkswagen could consider a move into Formula One in 2018, the German carmaker's head of motorsports was quoted as saying.
Volkswagen said rising commodity prices and a strengthening euro will damp earnings gains this year after reporting lower-than-expected profit.
Ford on Thursday (28 July, 2011) said it would spend US$1bn building a second vehicle assembly and engine plant in India to meet growing local and export demand. The official announcement, after Ford signed an agreement with the Gujarat state government on Thursday, followed media reports, citing unofficial sources, on Wednesday.