Brembo expects sales to grow 9 percent to 9.5 percent this year, slightly below the 10.4 percent posted in the first six months, as it starts operations at two new plants in North America.
German prosecutors dropped an appeal against a court ruling that acquitted former Porsche CEO Wendelin Wiedeking of market manipulation during a 2008-2009 takeover battle with Volkswagen.
Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle's driver-assist systems.
BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.
Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.
Separated at dual retailers, Jaguar and Land Rover both benefit from the manufacturer's increasing autonomy - and the prospect of autonomous vehicles, says Ray Hutton.
Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.
New vehicle sales in South-east Asia's six largest markets rose by 10.6% to 781,162 units in the second quarter of 2016, from 706,532 units in the same period of last year, according to data collected exclusively for just-auto by AsiaMotorBusiness.com.
Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S.
Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.
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28 Jul, 2016
Fresh-faced Volkswagen Beetle introduced with new looks, tech and range-topping R-Line trim
Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, two people with knowledge of the probe told Bloomberg.
Belgian unions claim 1,500 people still remain unemployed 18 months after Ford closed its plant in Genk with the loss of 5,500 jobs.
Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.
Does the arrival of the Kia Niro mean the end for the plug-in Soul? Not at all, especially in Europe where the market for EVs fell just short of 99,000 units in the first half of this year.
PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions.
An SMMT survey of the UK automotive sector has found widespread concern that its future trading relationship with the EU could impose higher costs following the UK's exit from the EU.
Ford Motor Company booked net income down US$190m to $2bn and an adjusted pre-tax profit off $293m on sales up $2.2bn to $39.5bn in the second quarter of 2016.
Ford said its second-quarter profit fell 9 percent to $1.97 billion and warned of a 'very weak third quarter' as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.
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