The Toyota i-Road micro-mobility vehicle is to enter a new car-sharing programme in central Tokyo in April. The electric three-wheeled vehicle is already being trialled as part of a co-ordinated public transport scheme (the i-Road providing 'last mile mobility') in Grenoble, France and has also been trialled in Toyota City.
Valeo has posted 2014 sales up 9% to EUR12.7bn (US$14.4bn), while net income rose 28% to 4.4% of sales.
Volkswagen Group CEO Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW, among his potential successors, according to a German magazine.
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe.
Federal-Mogul has posted a fourth quarter net loss of US$185m, but which includes the impact of non-cash impairment charges of US$140m and restructuring charges of US$24m.
Magna has posted fourth quarter net income up 11% to US$509m, with sales of US$9.4bn, up 2%.
News
25 Feb, 2015
Audi's latest coupe is marked down to four stars in Euro NCAP crash test rating due to lack of safety tech
Toyota rebuffed the largest wage increase proposal from its union since 1998, saying the raise would lift costs by about $168 million.
VW's new lighter, roomier Touran minivan will offer the biggest luggage compartment in its class, along with new active and passive safety features and seamless connectivity to Apple and Android smartphones, the automaker said.
VW's new lighter, roomier Touran minivan will offer the biggest luggage compartment in its class, along with new active and passive safety features and seamless connectivity to Apple and Android smartphones, the automaker said.
Qoros is to show its latest model - the Qoros 3 City SUV - at the Geneva Motor Show next week.
Cooper Tire has posted 2014 net income of US$214m compared with US$111m the previous year.
BASF and Toda Kogyo formally established 'BASF Toda Battery Materials' with the closing of their joint venture agreement announced in October 2014. The new company will provide cathode active materials (CAM) for lithium-ion batteries in Japan.
Volkswagen has unveiled its new Touran with the redesigned MPV shown to media at the Autostadt in Wolfsburg, not far from its production site.
Volkswagen says construction is underway at the Chattanooga manufacturing facility in preparation for production of a new midsize SUV.
Aston Martin said its 800-plus-hp Vulcan will cost 1.8 million pounds ($2.79 million) in the company's UK home market. Aston said the carbon fiber supercar is powered by the most potent iteration to date of the company's naturally aspirated, 7.
Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said.
Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.
Jaguar Land Rover is "indeed looking at North America as a location for another plant," said the chairman emeritus of owner Tata. His statement marks official confirmation of the British luxury maker's factory hunt.