Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent.
Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg.
Takata Corporation, the Japanese maker of air bags at the centre of an auto industry-wide safety crisis, has recovered from its biggest-ever drop in Tokyo share trading after saying additional charges related to recalls would be small.
The next-generation Audi A8 will be able to drive itself.
PSA Peugeot Citroen could reach its cashflow target two years early thanks to better than expected growth at its growth at its Faurecia parts unit which contributed to an unexpected increase in third quarter revenue.
BMW is lowering the estimated fuel economy labels on four 2014 Mini Cooper models after tests by the EPA, the agency said today.
Volvo says it is looking to double its market share to 2% in order to offer an alternative to German brands.
Thailand's new vehicle market continued to plummet in September, with sales falling by 27.5% to 68,843 units compared with 94,859 units in the same month of last year, according to data released by the Federation of Thai Industries.
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker.
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs.
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs.
News
22 Oct, 2014
The Mazda 6 has set a new high-speed endurance record over a 24-hour run
Daimler said it had reorganised its cooperation with Tesla Motors by terminating the share-price hedge it initiated in 2013 and selling its Tesla stake of about 4% without affecting the cooperation between the two on automotive projects.
Mitsubishi Motors Corporation (MMC) has revised its consolidated forecasts for the first half of fiscal 2014 (to 30 September, 2014) from the previous forecasts announced on 24 April, 2014.
Scandinavian automotive supplier body, FKG, is confirming it will look to lead a supplier delegation to Iran early next year as a thawing diplomatic environment continues to take shape.
Automakers in the UK have boosted output in the calendar year to date to the highest level since 2008, producing 1,132,017 units - up just 0.6% year on year.
Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration.
General Motors will warn some owners of Saab 9-2X and Pontiac Vibe hatchbacks in the U.S. not to allow front-seat passengers until defective air bags are replaced as part of a wider recall that involves 6.1 million cars.
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