News
23 Oct, 2014
Stretched Rangie with four tailpipes hints a flagship version is on the way, marrying supercharged power with ultimate luxury
The European Union will make it easier to bring road transport emissions into the carbon trading market, a move critics say could empower carmakers to push back against more effective curbs on greenhouse gases.
GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent.
General Motors' third-quarter net income rose to $1.38 billion, as stronger pricing in North America and record China sales helped to offset weak demand in Russia and a bigger loss in Europe.
General Motors has announced third quarter net income took a US$300m hit from "special items" but net profit for the recall-troubled quarter was still $1.4bn, or $0.81 a share - double the result for Q3 2013.
Dupont says it will 'fight every step of the way' against European Commission (EC) moves that say it may have breached European Union (EU) anti-trust rules along with fellow-chemical producer, Honeywell
Nissan expanded a global recall of cars using Takata-made airbags, which have been linked to four deaths in Honda cars. The recalls included the March model, called Micra in Europe, and the Cube.
In an unprecedented move, Honda, announcing its fifth Fit recall in 12 months, appointed a quality czar to clamp down on problems. Senior executives will also take pay cuts for three months to take responsibility for the recall-plagued car.
Honda, announcing its fifth Fit recall in just 12 months, has taken the unprecedented step of appointing its first quality czar to clamp down on the carmaker's problems.
Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car maker. Coco, one of a number of star hirings made by former CEO Dany Bahar, will be replaced by the carmaker's current design manager, Russell Carr.
Mercedes-Benz plans to assemble its next generation Sprinter commercial van in North America.
Daimler said it booked strong growth in earnings and record unit sales and revenue in the third quarter of 2014. The group boosted Q3 unit sales 7% year on year to 637,400 cars and commercial vehicles worldwide as Mercedes-Benz Cars set a quarterly record.
A leading Swedish economist says he does not believe simmering tensions surrounding Russia's influence in Eastern Ukraine will escalate into anything more serious.
Hyundai posted a 29 percent decline in third-quarter net profit, the steepest drop in at least six quarters. The automaker was hit by slowing sales growth and a stronger local currency but expects earnings to bounce back in the fourth quarter.
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group at 7.727 euros apiece, giving him a total of 6.8 million shares in the newly merged carmaker.
Honda Motor is recalling its redesigned Fit [Jazz] hybrid for the fifth time in less than a year in Japan, issuing a recall of 425,825 cars on Thursday (23 October) due to two defects.
News
23 Oct, 2014
Mercedes parent company Daimler has sold its stake in Tesla Motors for £485 million profit, surprising investors
The start of Range Rover Evoque production in China will not reduce output at the UK factory where the SUV is built, the plant's operations director said.