Bosch set aside 650 million euros in 2015 for potential legal costs, including for an investigation into the company's role in VW Group's emissions scandal. Bosch makes an engine management program used by automakers including VW.
Bosch set aside 650 million euros in 2015 for potential legal costs, including for an investigation into the company's role in VW Group's emissions scandal. Bosch makes an engine management program used by automakers including VW.
News
28 Apr, 2016
Porsche reveals Cayenne Platinum Edition, priced from £55,154 and on sale now
Just days after its former owner, Ford, announced it recycles as much as 20m pounds of stamping scrap each month using a closed-loop system at its Dearborn Truck Plant, now-Tata Motors-owned Jaguar Land Rover said it had reclaimed over 50,000 tonnes of aluminium scrap, the equivalent weight of 200,000 XE body shells, back into the production process during 2015/16.
Bosch has posted 2015 EBIT of EUR4.6bn (US$5.2bn) on revenue of EUR70.6bn, with the full acquisition of two former 50:50 joint ventures, BSH Hausgeräte and Robert Bosch Automotive Steering, pushing sales up by almost EUR22bn or 44%.
VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said.
Honda Motor said on Thursday (28 April) it would partially resume operations on 6 May at its earthquake-damaged Kumamoto factory (Ozu-machi, Kikuchi-gun, Kumamoto Prefecture), which had previously been halted until 28 April, while limited mini-car production had resumed at a subsidiary.
VW Group said it plans to pay the 12 current and former members of its management board 63.24 million euros ($71.
VW Group said it plans to pay the 12 current and former members of its management board $71.8 million for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating on emissions tests.
News
28 Apr, 2016
Volvo will extend its SUV range down from XC90 and XC60 with the BMW X1 rivalling XC40
News
28 Apr, 2016
Volkswagen boss talks of regaining trust and difficulties in fixing dieselgate cars in VW conference address
VW Group's namesake car brand slumped to a loss in the fourth quarter as the automaker's emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers.
Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.
U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening.
Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.
Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.
General Motors plans to spend $789 million to prepare its Spring Hill, Tenn., plant for production of a new engine program, creating nearly 800 jobs, GM said today.
General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-fixing in the supply chain.
Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.
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