Mitsubishi Motors Corporation (MMC) first fiscal 2016/2017 operating profit plunged 75% year on year to JPY4.6bn after the halt in production and sales following revelations of improper conduct in fuel economy testing in Japan. Sales fell 14% to JPY428.7bn.
One of the busiest manufacturers in terms of re-aligning its global manufacturing footprint is FCA. Some extraordinary developments are said to be taking place, and this includes an apparent decision to shift two future crossovers out of Mexico and into Italy.
Tesla is reportedly dropping Mobileye, a supplier to its Autopilot partial self-driving system, in the wake of an accident that killed a Tesla driver in May.
Reliable sources close to Iranian producer, Saipa, say it is not surprising Tehran is mulling a localisation rate of 80% following several overseas evaluations of the quality of domestic components
Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs.
Fiat Chrysler said adjusted operating profit for the second quarter rose 16 percent to 1.63 billion euros.
Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles.
More details have emerged of the ending of the long-standing joint venture between General Motors (GM) and Isuzu Motor to co-develop largely Asian-made pick-up trucks, according to reports in Japan citing Isuzu company sources.
News
27 Jul, 2016
Affordable Citroen C1 Furio city car is aimed at young drivers, offers sporty styling at a low price
The Thai new vehicle market continued to recover in June, with sales rising by 5.8% to 63,808 units compared with 60,325 units in the same month of last year, based on data gathered by the Federation of Thai Industries (FTI).
China's BYD has confirmed Samsung Electronics had completed the acquisition of a 1.92% stake in the electric vehicle manufacturer for CNY3bn (US$450m).
Nissan has posted a 10.7% decline to net income for the last quarter as it was hit by a stronger yen and slower sales at home.
Toyota Australia has revised its diesel-powered HiAce range to improve fuel economy in the city while meeting stricter Euro 5 emissions standards.
Mercedes outlined plans to start selling an electric heavy-duty truck, a week after Tesla's initial sketch on battery-powered commercial vehicles failed to impress investors.
PSA Groupe has posted half year net income doubling to EUR1.2bn (US$1.32bn), although Group revenue fell marginally from EUR28m to EUR27.8m.
Mobileye has recorded second quarter net income up 75% to US£27m, from US$15.3m in the same period last year.
Plastic Omnium has posted half year automotive economic revenue up 8.7% to EUR2.99bn (US$3.3bn) out of a total business figure of EUR3.2bn.
Vauxhall can't seem to catch the Focus and Golf but the addition of the new estate is giving the griffin logo brand a strong sales boost, the Astra pulling past the VW Polo in June to become the UK's sixth best selling model.
Nissan reported a 9.2 percent slide in global operating profit in the latest quarter as foreign exchange losses bit hard into earnings.
Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets
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