Hyundai's chief financial officer Lee Won-hee said China's plan to restrict vehicle sales in eight more cities is likely to have a negative impact on demand in what is now the world's biggest car market - but he still expects growth of 9% there this year.
Faurecia's net income shrank 71% to EUR35m (US$46m) in the first half of this year despite a 5.7% gain in revenue to EUR9.27bn but the supplier predicted that European vehicle production would begin to stabilise later this year, helping it meet its 2013 targets.
In one of the biggest automotive recalls in India, US car major General Motors on Wednesday red flagged 114,000 units of its Chevrolet Tavera utility vehicle produced since 2005 for a faulty emissions issue.
Nissan Motor plans to churn out about 40% more luxury vehicles at its factory in Tochigi Prefecture this fiscal year in anticipation of increased exports to North America.
Daimler is to take a stake of up to 5% in Aston Martin as part of a technical tie-up between the British sports car maker and AMG, the performance division of Mercedes-Benz.
GM's second-quarter losses in Europe narrowed to $110 million from $394 million a year earlier, the automaker said, as it announced that companywide quarterly net income fell 19 percent to $1.2 billion.
GM posted higher second-quarter net profit in its two biggest markets -- North America and China -- and surprised analysts with a much narrower loss in Europe.
After two decades of domination, Japanese and European models have lost the number one sedan spot in the US to one of the most iconic of American automotive names.
Daimler said it is "very confident" that the French government will adhere to a court ruling that lifts a freeze on the sale of new Mercedes cars containing a banned refrigerant.
Nissan has posted a net profit of JPY82bn (US$830m) profit for the first quarter of financial year 2013/14 despite a 3% dip in global vehicle sales from a year ago.
News
25 Jul, 2013
Aston Martin and Mercedes AMG have officially announced an engine and electrical components partnership
A French court has ordered the government to allow sales of Daimler's Mercedes-Benz models to resume, an official at the Versailles Administrative Tribunal said on Thursday.
The Chevrolet Impala, a former GM top seller that degenerated into a lackluster staple of airport car-rental lots, has morphed into the best sedan on the American market with its latest redesign, Consumer Reports said today.
Daimler will take a stake of up to 5 percent in Aston Martin as part of a technical partnership between the UK sports car maker and AMG, the performance division of Mercedes-Benz.
Daimler will take a stake of up to 5 percent in Aston Martin as part of a technical partnership between the UK sports car maker and AMG, the performance division of Mercedes-Benz.
Daimler will take a stake of up to 5 percent in Aston Martin as part of a technical partnership between the UK sports car maker and AMG, the performance division of Mercedes-Benz.
Maruti Suzuki boosted net profit for its first fiscal quarter 49% to INR6,316m, citing cost reduction, favourable foreign exchange rates and a benefit from merging Suzuki Powertrain India last fiscal year.
Italy's industry minister has set up a working group that will seek to keep Fiat's five Italian car factories from closing.
It's hard to remember that the VH-platform Aston Martins were pretty mind-bending when they came out.
Nissan said first-quarter profit rose nearly 14 percent as a weaker yen gave room for the automaker to cut prices and boost sales in the United States.
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