It's nearly covered the car market from side to side and top to bottom, and now Kia appears to be making bold plans to raise its game on the crossover/SUV side.
GM and two dealership companies, Jim Koons Management and Lithia Motors, will settle allegations that they advertised cars as being carefully inspected when, in fact, they had unrepaired safety recalls, the FTC said.
Cox Automotive has acquired a minority interest in SilverRock Holdings, which owns three service-contract and insurance companies.
Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014.
PSA may have grabbed the headlines this week with its JV announcement for Iran, but cross-town rival Renault has issued a statement to remind us that it has a presence there and also has ambitions for its Iranian operations.
News
28 Jan, 2016
US law change allows company to start producing 'new' DeLoreans for sale to the public
Plaintiffs' lawyer Robert Hilliard has litigated some 1,300 cases against General Motors over its deadly ignition switches, but he suffered a stunning blow in the middle of a high-visibility trial last week in New York.
Harman International Industries, which supplies audio and telematics systems to the auto industry, reported a better-than-expected quarterly profit, helped by strong demand from automakers.
Johnson Controls booked net income of $450m (down 5% year on year) on $8.9bn in revenues in the first fiscal quarter of 2016 which, according to Reuters, missed analysts' forecasts for $9.29bn. Earnings per share were up 11% to $0.82, as analysts expected.
Seating and electronics supplier Lear said today it posted record core earnings in the fourth quarter as it continued to build on business generated from recent acquisitions.
Johnson Controls reported lower quarterly earnings and revenue largely because of reduced sales in its automotive seating and interiors business.
Whether the Denver Broncos or Carolina Panthers end up winning the Super Bowl, Hyundai wants to come away as the winner of the advertising free-for-all that surrounds America's most-watched live event.
AutoNation's net income dropped 16 percent to $97.5 million in the fourth quarter, even as revenues rose 5.8 percent to $5.34 billion, the company said today. The decline was due largely to increased discounting and per-vehicle margin pressure.
Ford said it had booked record full year pre-tax profit of US$10.8bn (up $3.5bn) in 2015 and net income of $7.4bn (up $6.1bn) on revenue up $5.5bn to $149.6bn. Fourth quarter pre-tax profit rose 96% to $2.6bn. Wholesale vehicle shipments rose 312,000 units to 6,635,000. Better yet, Europe returned to pre-tax profit for the first time in years.
Ford's net income quintupled in 2015 to $7.4 billion, including $1.9 billion in the fourth quarter, as sales of its high-margin pickups and SUVs surged in a record year for the U.S. auto industry.
Ford is to add 2017 F-Series Super Duty chassis cab production at its Ohio Assembly Plant, supplementing output in Kentucky.
French automotive suppliers association, FIEV, says there is huge potential for its members in Iran given the recent lifting of sanctions and the latent pent-up demand in the 80m-strong country.
French automotive suppliers association, FIEV, says there is huge potential for its members in Iran given the recent lifting of sanctions and the latent pent-up demand in the 80m-strong country, which could see the country achieve 3m volume by 2025.
VW CEO Matthias Mueller cast doubt on a newspaper report that said many managers at the automaker knew of, or were involved in, developing emissions test-rigging devices.
BMW Group is recruting about 30 young people for apprenticeships at its three key UK manufacturing sites in 2016.
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