UPDATED: Strong demand for large pickups and new models propelled Ford Motor Co., Nissan Motor Co., General Motors and Chrysler Group to double-digit sales gains in April, signaling the auto industry's recovery remains solid.
News
1 May, 2013
The new London cab will be revealed soon, following sign off of its design
We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars.
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BorgWarner has reported first quarter 2013 net earnings of US$142m ($1.22 per share) versus $158m, ($1.28) a year ago. Excluding non-comparable items, net earnings were $1.30 per share on sales of $1,851m, down 3%.
Rising demand for Detroit 3 pickups helped lift U.S. auto sales 9 percent last month, while surprising declines at Toyota and Volkswagen took some steam out of the market's recovery. The seasonally adjusted annual sales rate came in at 14.
Faurecia has formed a joint venture with China's Changan Automobile Group that will build two factories to produce instrument panels, door panels, consoles and other interior components.
French Economic Redevelopment Minister, Arnaud Montebourg, has welcomed plans by Nissan to build the Micra at Renault's Flins plant near Yvelines, with an objective of producing 82,000 vehicles per year from 2016.
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Tata Motors has signaled it will delay construction of a regional plant for south-east Asia until its sales reach adequate levels.
U.S. green car startup Coda Holdings Inc. filed for Chapter 11 bankruptcy protection today after selling just 100 of its all-electric sedans. Coda launched its $37,250 electric car in California a year ago.
News
1 May, 2013
The Mercedes SL range has been tweaked, with more standard equipment and a price cut
PSA Peugeot Citroen's hardline CGT union says it will continue its strike at the automaker's Aulnay plant near Paris and has promised unspecified further action in its bid to halt the factory's proposed closure.
Stuart Frith, the chief programme engineer for the new Range Rover Sport, has revealed details of more derivatives to come, including "over 500kg of weight reduction compared to the outgoing model" for the still-secret four-cylinder versions.
Meritor has reported a fiscal second quarter loss of US$4m versus a net profit of $20m a year ago.
GKN and Huaya Automotive Systems (HASCO) have announced a major expansion of their Chinese joint venture - Shanghai GKN Driveshafts (SDS).
News
2 May, 2013
Nissan Qashqai +2 will be dropped when the new Qashqai arrives in 2014
Mikuni Corporation and Eberspaecher Climate Control Systems have signed a joint venture agreement. Newly established Eberspaecher Mikuni Climate Control Systems Corporation headquartered in Odawara will distribute vehicle climate control systems in Japan.
News
1 May, 2013
Lexus has been named best manufacturer in a survey of 46,000 owners
French supplier Valeo expects annual sales in China to reach 20 billion yuan ($3.2 billion) by 2015, doubling its 2012 revenues.
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