Apr
24th
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Apr
24th
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Volkswagen AG described its first quarter results as "satisfactory overall" in "a challenging market environment" as sales dipped a little to EUR46.6bn (Q1 2012: EUR47.3bn while operating profit fell to EUR2.3bn (EUR3.2bn), negatively impacted "by contingency reserves" for passenger cars and power engineering.
Apr
24th
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Ford Motor Company has booked first quarter 2013 pre-tax profit of $2.1bn, dragged down $147m year on year by Europe and South America, thanks to record results in North America and "continued solid performance from Ford Credit".
Apr
24th
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PSA Peugeot Citroen's largest union has criticised what it claims is French government inaction as the automaker insists it will continue with plans to shutter the Aulany plant near Paris in 2014 coupled with the loss of up to 8,000 jobs.
Apr
24th
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General Motors will invest 230 million euros ($299 million) on test facilities for Opel as part of its effort to break even in Europe by 2015.
Apr
24th
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Ford's first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.
Apr
24th
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Ford today said its first-quarter net income rose 15 percent from a year earlier despite a $462 million operating lose in Europe. Ford reaffirmed its forecast for a 2013 loss in Europe of about $2 billion. In 2012, the loss was $1.75 billion.
Apr
24th
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EXECUTIVE EDITOR BOB GRITZINGER: Our
Apr
24th
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Nissan and New York City mayor Michael Bloomberg have launched a new electric vehicle taxi pilot with the Leaf. The programme, which puts six EV taxis into service beginning this spring, will help the automaker, the city, the taxi industry and the public understand how zero emission vehicles can be integrated into future taxi fleets.
Apr
24th
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The first electric cars emerging from the strategic partnership of Volvo Cars and Siemens are delivering a claimed 0-70 km/h in 5.9 seconds and a full recharge in only 1.5 hours.
Apr
24th
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Toyota Motor (TMC) has announced that its vehicle and engine production subsidiary in Kyushu, Toyota Motor Kyushu (TMK), will start producing a new model in late 2014. No details of the model were announced.
Apr
24th
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Volkswagen is sticking to its goal to match last year's record operating profit and vehicle sales after first-quarter profit dropped 26 percent on falling demand in Germany and heavy spending on new vehicles.
Apr
24th
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Volkswagen is sticking to its goal to match last year's record operating profit and vehicle sales after first-quarter profit dropped 26 percent on falling demand in Germany and heavy spending on new vehicles.
Apr
24th
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The government announcement about reducing credit interest rates came as Colombian new car sales fell 23% YTD though month on month sales in March rose 2.9% to 22,888 units, the best month in 2013 so far.
Apr
24th
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PSA Peugeot Citroen has posted revenue down 6.5% to EUR13bn (US$16.9bn) for the first quarter of this year, with the automotive division sales also falling 10.3% mirroring a 10% contraction in the European market.
Apr
24th
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and#8220;It was never a matter of saying, 'Are we going to continue? Continuing was always the plan,and#8221; according to David Swig, the son of
Apr
24th
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PSA/Peugeot-Citroen said first-quarter revenue fell 6.5 percent as its vehicle sales abroad failed to offset a recession in Europe.