Apr
25th
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Weaker currency and one-off costs hit Hyundai Motor profits in the first quarter despite a 6.0% year on year increase in sales.
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Apr
25th
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Renault has said that vehicle sales and revenues fell in the first quarter as conditions in Europe were tougher than expected. However, it also said that it continued to expand in markets outside of Europe.
Apr
25th
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Valeo has reported 1.1% growth in consolidated sales on a like-for-like basis for the first quarter of 2013, despite a 9% drop in automotive production in Europe.
Apr
25th
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Mitsubishi Motors has raised its group net profit forecast for the fiscal year to 31 March 2013 to JPY38bn yen from JPY3bn.
Apr
25th
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Two opposed moves in the automaker-related labour market are on course. While GM has dismissed 598 workers from its troubled manufacturing plant in São José dos Campos, in São Paulo state, Hyundai has started hiring 600 to 700 people for a third shift at the Piracicaba plant, also in São Paulo state.
Apr
25th
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German supplier Schaeffler is exploring an initial public offering next year in Germany, three people familiar with the matter said.
Apr
25th
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Car production in the UK declined in March as the industry felt the effects of weaker demand in Europe.
Apr
25th
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VW Group and management board member Francisco Javier Garcia Sanz are under investigation by German prosecutors over allegations they failed to prevent corruption at the company.
Apr
25th
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VW Group and management board member Francisco Javier Garcia Sanz are under investigation by German prosecutors over allegations they failed to prevent corruption at the company.
Apr
25th
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Toyota Industries is to build a new factory to make automotive air conditioning compressors in Indonesia to supply the ASEAN market.
Apr
25th
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Fiat could secure financing by next month for a possible buyout of the rest of Chrysler, according to Reuters citing two people familiar with the matter.
Apr
25th
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Denso has acquired a majority stake in a subsidiary of Indian auto parts maker Pricol.
Apr
25th
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General Motors is to spend EUR230m (US$300m) at its European Product Development Centre at the Opel headquarters in Ruesselsheim and at the proving ground in Dudenhofen.
Apr
25th
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VW Group is bracing itself for a tough year ahead, though the automaker believes business may improve in the second half as non-European markets keep growing.
Apr
25th
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VW Group is bracing itself for a tough year ahead, though the automaker believes business may improve in the second half as non-European markets keep growing.
Apr
25th
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Audi has taken inspiration from its motorsport activities in creating a new lightweight concept version of the TTS quattro.
Apr
25th
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Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric car producer...
Apr
25th
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EU politicians have backed a compromise deal to reduce car emissions to 95g/km starting in 2020, while calling for moves to further reduce this to 68g/km to 78g/km by 2025.