The leaders of German car companies have united in support of a free trade agreement between the EU and the US that they believe would slash their costs and boost competitiveness.
Ford's operating and net income for 2014 plunged by US$3.2bn and $4bn respectively year on year after losses in Latin America and the non-repeat of a tax refund.
Fiat Chrysler Automobiles expects to turn profits in all regions this year but needs to make more in North America to fund Alfa Romeo and Maserati brand overhauls.
Nissan Motor's Infiniti plans to increase local production in China, following the Chinese government's innovation and economic transition driven policies.
Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."
Chinese media reports say that Shanghai Volkswagen has reportedly launched an investigation into tyres produced by Sumitomo Rubber Industries' China plants after claims that sub-standard tyres may have been fitted to the China-made Passat.
News
29 Jan, 2015
Volkswagen reveals a hot diesel version of the Golf Estate, to rival latest Ford Focus ST Estate
According to JATO Dymanics, Brazil remained the world's fourth largest auto market in 2014, staying ahead of Germany by a mere 67,000 units.
Vincent Bollore is targeting Los Angeles and Singapore as the next markets for his electric-car sharing service after its debuts later this year in London and Indianapolis.
Ford is recalling around 220,000 vehicles in the US with most coming back because a door could fly open in a crash due to a handle issue.
Daimler and parts supplier Schaeffler were among the companies affected when thousands of engineering workers on the night shift across Germany walked out over a wage dispute early on Thursday.
BMW says it is waiting for the full report of its inspectors before deciding what to do with its 65 Minis and one Rolls-Royce Wraith currently on board the Hoegh Osaka docked in Southampton Port.
General Motors today denied a request from two US senators to extend the Saturday deadline for victims of the company's defective ignition switch to apply for compensation.
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and marketing for Bentley's global organization.
Over-the-air software updates -- a no-fuss, no-muss infotainment feature popularized by Tesla Motors -- is rapidly spreading to the entire auto industry, fueling high-price acquisitions in the segment.
The 2015 model year Range Rover Sport is now on sale, and there are two main mechanical changes: an extra 40Nm of torque for the 4.4-litre diesel V8 and a new evolution of ZF's 8HP70 eight-speed automatic gearbox.
The CEOs of Germany's top auto companies said Wednesday that they could save roughly 5 billion euros in annual costs if the European and U.S. governments can agree on a landmark free trade deal.
Water leaks and insecure hood (bonnet) latches have led to a 768,000 Nissan Motor recall primarily in the US.
Fiat Chrysler Automobiles reported 2014 operating profit of EUR3.65bn (US$4.14bn), in line with its own estimates.
Gentex, a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. Gentex shares fell 6 percent.
The latest auto news, reviews, prices, product and vehicle releases. 