Auto News 5

Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge.

VW Group has hired external advisers McKinsey and Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, people familiar with the matter said.

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.

A Volkswagen PowerPoint presentation from 2006 described 'in detail' how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.

News 28 Apr, 2016

Even though UK car making is booming, output is far from breaking all-time manufacturing record set in 1972

News 22 Jan, 2019

Krueger has joined the Dyson electric car project and will oversee the development of the brand's manufacturing base in Singapore

News 27 Apr, 2016

Vacuum manufacturer Dyson to develop electric car as revealed by government documents

News 27 Apr, 2016

CEO Elon Musk hints at plans to introduce smaller, cheaper model after the forthcoming Model 3

Ford today issued five recalls covering a total of about 285,000 vehicles in North America for problems that include transmissions downshifting into first gear at high speeds, poor welding and tires damaged by a factory conveyor belt.

Volvo Car USA has announced three executive changes in its regional structure effective May 1.

Features 30 Apr, 2016

Do we have the 'martial arts' precision driving skills to sign off new Nissans? We find out at the brand's Barcelona technical centre

Gentherm, which claims to be "the global market leader and developer of innovative thermal management technologies", announced today that its electronics business unit (EBU) has developed a "unique, leading edge electronics product, based on an advanced engineering design improving an existing technology currently used on many vehicle models in the automotive industry".

Robert Bosch said revenue rose 44 percent to an all-time high of 70.6 billion euros last year helped by strong sales of vehicle technology, but cautioned momentum had slowed at the start of 2016. Bosch's auto unit boosted sales 12 percent to 41.

Fiat Chrysler Automobiles chief executive Sergio Marchionne has a rearrangement of North American factories to favour truck and Jeep production over car output will be completed by early 2018.

Mazda said it expects its operating profit to fall 25 percent in the current fiscal year because of a stronger yen and a slowdown in China and other emerging economies.

Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat device."

FCA China partner Guangzhou Automobile Group is reportedly looking for help from FCA with its US market entry strategy.

German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues.

PSA has recorded first quarter revenue of EUR13bn (US$14.7bn), of which EUR8.8bn was for the Automotive division, an increase of 1.5% at constant exchange rates and EUR4.7bn for Faurecia.