Toyota likely will delay building Lexus models in China for at least a few years as growth in the country's auto market slows to a crawl and a weak yen makes it cheaper to ship cars from Japan.
Dana has posted second quarter sales down US$101m to US$1.61bn, largely as a result of foreign currency translation and the divestiture of operations in Venezuela, which lowered sales by US$156m and US$20m respectively.
The head of Japan's auto lobby, warning of a "downward spiral," says China's economic situation looked tough and that he was not optimistic about the outlook for the country's auto market.
Daimler has booked record unit sales, revenue and earnings for the second quarter of 2015.
News
23 Jul, 2015
MG Motor is planning to bring plug-in hybrid powertrain to UK, most likely in 6 family hatch and GS SUV
In the second of a two-part Q&A, Paul Philpott reveals when Kia will launch a B-crossover, how he won't rule out one day outselling Toyota, and the secret of how a cheap cars brand became one now selling GBP40,000-plus models.
Features
23 Jul, 2015
As Tesla reached a CO2 emission-saving milestone, we drove a Model S to Amsterdam to mark the occasion
General Motors has reported strong earnings growth for the second quarter and cited record margins in North America as a key driver.
Fiat Chrysler Automobiles NV's plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit's initial public offering on the New York Stock Exchange.
Kia UK's MD Paul Philpott has told just-auto that the brand is "ready for a sports car" but that such a vehicle "has to work globally".
Ferrari has filed for an initial public offering on the New York Stock Exchange as it looks to spin off from Fiat Chrysler Automobiles.
Jaguar Land Rover's Indian parent company Tata Motors plans to triple bus and truck exports to offset sluggish domestic sales.
Bosch has made its 50 millionth Servolectric electric power steering system.
Group 1 Automotive reported strong second quarter earnings, thanks to rising vehicle sales and firm pricing in the U.S. and the United Kingdom, and improvements in its Brazilian division despite tough economic conditions in that country.
GM's strong second-quarter results in China seemed to allay investors' concerns that a slowdown in Chinese demand would dent the company's bottom line. The automaker posted net income of $1.
Autoneum has posted EBIT figures up from CHF66.8m (US$70m) to CHF77.6m in the first six months of 2015.
Three top level executives at Volkswagen Group Sales India reportedly have stepped down in the recent past.
A plug-in hybrid e-tron is coming in 2016 but Audi UK is about to launch the new Q7 with just one engine: a 272PS 3.0-litre TDI. Will that be enough to tackle the multi-engine new Volvo XC90, a car Audi admits is likely to become the segment leader?
Hyundai plans to start exporting the Creta from India to Africa, the Middle East and Latin America from 2015, as the company looks to boost its global sales.