Goodyear Tire and Rubber took a US$132m foreign exchange hit in Q1 2014 as the Venezuelan bolivar tumbled. That and other challenges in South America led the company to report a net loss of US$58m for the quarter.
Porsche first quarter 2014 operating profit grew 22% year on year to EUR698m as it delivered 38,663 vehicles, up 4.5%, and revenue rose 20% to EUR3.93bn.
TRW Automotive Holdings booked first quarter 2014 net profit of US$199m or $1.68 per share compared with $162m and $1.29 a year earlier. Sales rose 5% to $4.4bn.
The car shown above is the front-engine, rear-wheel-drive Porsche 921. It's not an official Porsche concept, mind you -- but it is a fairly plausible one, as far as fan renderings go.
and#8220;If the show had a cool car, I was watching it, drawing pictures of it or playing with a toy version. Ninety percent of my toys were cars. I drove my parents up a wall.and#8221;
EDITOR WES RAYNAL: This 2014 Chevrolet SS gets a lot of attention.
Cummins Inc posted a 20 percent increase in its first-quarter profit and raised its full-year forecast as strong demand for its engines and vehicle components in North America offset weakness in many other parts of the world.
Committed to spend BRL2bn (US$900m), 11 suppliers have signed contracts with Fiat Chrysler Automobiles (FCA) to build 16 factories surrounding the automaker's new factory complex in north east Brazil.
Mercedes is recalling about 284,000 of its C-class sedans in the United States and Canada because an electrical issue could cause the taillights to dim or fail.
Mercedes-Benz is recalling about 284,000 of its C-class sedans in the United States and Canada because an electrical issue could cause the taillights to dim or fail, according to the company and documents filed with U.S. safety regulators.
Volvo and Google said they have begun testing self-driving cars on city streets, a crucial new phase in the quest to make the technology a standard feature in automobiles.
Google said it has begun testing its self-driving cars on city streets, a crucial new phase in its quest to eventually make the technology a standard feature in automobiles.
New car sales in the US are expected to reach 16.2m in 2014, up 8% over 2013, according to seasonally adjusted annualised rate (SAAR) forecasts from the buyer guide websites Edmunds and TrueCar.
News
30 Apr, 2014
Read the press road test verdicts on the fastest Ferrari ever, the new Ferrari LaFerrari hypercar
The 2.5-millionth Yaris rolled off the production line at Toyota's Valenciennes factory on 25 April, some 13 years after first generation model production started in northern France in 2001.
Auto parts supplier TRW Automotive Holdings Corp reported a 23 percent increase in earnings, driven by a 16 percent rise in sales in China, and the company also raised its full-year revenue forecast.
Auto parts supplier TRW Automotive Holdings reported a 23 percent increase in earnings, driven by a 16 percent rise in sales in China, and the company also raised its full-year revenue forecast.
Net profit at Ford's Turkish unit rose 15 percent year-on-year in the first quarter to 202.5 million lira ($95.3 million).
Texas Governor Rick Perry has crisscrossed the United States to persuade big employers to bring jobs to the second most-populous state.
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