News
29 Jul, 2016
Car is described as ‘close to production’ and will compete in the increasingly popular GT4 sector
Audi will miss its profitability target this year as costs for parent VW Group's diesel emissions scandal and possible recalls of cars fitted with Takata airbags hit earnings.
VW Group was the world's top-selling automaker in the first six months despite its emissions scandal as rival Toyota was hit by production stoppages and slumping Prius sales in the U.S.
Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan.
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Aug. 1. This month's edition looks at why automakers such as Audi, Mercedes and Volvo are re-thinking their automation plans.
Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg.
A study by consultants AlixPartners suggests the automotive industry faces the "biggest challenge of the past 100 years" and predicts that in the next 15 years electric and hybrid cars could capture over half of the market. It also says connected and autonomous driving will open up new earnings potential while digitisation will enable double digit cost reductions.
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.
News
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.