SKF has reported net profit for the first quarter decreased by 17.22% year on year to SEK1.34bn (US$198.7m), while operating profit declined by 14.54% to SEK2.14bn. Net sales amounted to SEK16.93bn.
The first fruits of Daimler's tie-up with Renault attracted a lot of reader interest this week - the rebadge of the latter's Kangoo to create the Citan. Actually, dismissing this as just a rebadge is a bit unfair, the new Merc also gets its own dashboard and a substantial nose restyle, a liitle more effort than when the big Sprinter was shared with VW and Dodge.
U.S. chemicals producer DuPont expects additional demand from automakers seeking to work around a shortage of resin used to make braking and fuel parts, the company's CEO said.
Faurecia has signed a 50/50 joint-venture agreement with Howa Textile Industry to develop vehicle interior systems such as door panels and insulation, as well as soft and roof trim.
Autoparts and aerospace maker GKN said it "continued to make good progress" with sales for the three months ended 31 March 2012 up 17% to GBP1,742m.
Toyota said it would add a second shift at its Russian factory in September, hiring 600 new workers. The St. Petersburg plant currently produces about 20,000 Camrys a year on a single shift.
Nissan has confirmed it will build two two Infiniti models in China from 2014.
Pan-European metalworker unions say they are concentrating primarily on the proposed PSA Peugeot Citroen/General Motors alliance, ahead of looming capacity issues.
New vehicle sales in Thailand rose 21.5% year-on-year in March to a new record high of 110,928 units, according to the Federation of Thai Industries (FTI).
How many people can you get in the Fiat 500L - the extended version of the Italian company's popular little city car?
General Motors is to buy back the 1% share in its Chinese joint venture from partner SAIC, according to the Wall Street Journal.
Toyota is to add a second shift at its Russian plant near St Petersburg from September and has already hired 600 new personnel in preparation.
Mexico's automobile industry, once focused on small cars and pickups, got a boost when Audi chose the country as the location for a new factory to build its Q5 premium SUV for the global market.
Beijing Automotive has deepened its ties with Leonardo Fioravanti, hiring the Italian designer of a string of Ferrari sports cars as a consultant.
After leaving the entry-luxury fray when it killed the RSX hatchback in 2006, Acura has returned with the 2013 ILX sedan. Like the RSX -- and the Integra that preceded it -- the ILX shares its bones with the Honda Civic.
Alfa Romeo took a step closer to its return to the U.S. after registering the brand of its 4C coupe, the unit's first model targeted for sale in the country in almost 20 years.
Maybe it is because of its fun ads or because its design sets it apart in the land of beefy pickups, sedans and SUVs. Whatever the reason, the Fiat 500 is generating more smiles in the United States than an ice cream truck on a hot summer day.
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