Visteon beat Wall Street expectations in the first quarter this year despite lower income. The supplier of automotive electronics reported net income of $19 million, or $0.49 per share, on revenue of $802 million.
Ford is idling its F-150 assembly line in Missouri for one week in May to address mechanical issues that had been hindering the plant's output. The temporary shutdown comes as F-series inventory reaches its highest level in nearly a decade.
Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue rose 9.4 percent.
Tips & advice
29 Apr, 2016
Get the best price for your car and sell it quickly in the classifieds, with our guide to writing a great ad
Did Fiat Chrysler CEO Sergio Marchionne tip his hand at ongoing talks with Google earlier this week? During a call with analysts Tuesday as FCA delivered first-quarter results, Marchionne was asked about potential partnerships with nonautomotive...
More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X, 23 percent of baby boomers and 18 percent of the pre-boomer generation, J.D. Power's annual U.S. Tech Choice Study found.
Ford is developing an electric vehicle that would be competitive with the Chevrolet Bolt and Tesla Model 3, CEO Mark Fields said.
Gestamp says its net profit increased by 28.5% to EUR161.5m in 2015. Operating profit was up by 18.6% to EUR400m and turnover was up 12.4% to EUR7bn.
Visteon has posted first-quarter results, reporting net income of US$19m and sales of US$802m, while adjusted EBITDA was US$89m compared with US$78m in the same period last year.
Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.
BorgWarner has recorded Q1 net sales of US$2.3bn, up 14.3%, with operating income of US$264m
The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm.
China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales.
Ford Motor Company on Thursday (28 April) announced a record quarterly pre-tax profit of US$3.8bn for the first quarter of 2016, up $2.1bn; net income up 113% to $2.5bn, up $1.3bn and after-tax earnings per share of $0.68, excluding special items, up $0.39 year on year. Automotive operating-related cash flow of $2.7bn was also a first quarter record.
Ford posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 pickup and a retooled lineup of SUVs. Ford shares rose 1.3 percent in early trading.
VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said.
ZF board member, Peter Lake is to assume responsibility for Asia-Pacific, which has seen sales double in the region from around EUR3bn (US$3.4bn) to EUR6.4bn.
VW Group will strengthen it cooperation with Qatar, the automaker's third-largest shareholder, CEO Matthias Mueller said, as Europe's biggest carmaker struggles to overcome its emissions-cheating scandal and reposition its business.
The German government has reached a deal with carmakers to jointly spend EUR1.2bn (US$1.4bn) on incentives to boost electric car sales.
The latest auto news, reviews, prices, product and vehicle releases. 