Oct
27th
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The US light vehicle market is heading for an October decline according to data specialists in the US.
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Oct
27th
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Volvo Car Group, the premium car maker, has reported third quarter operating profit of SEK2,067m (US$231m) compared to SEK1,276m in the same period last year and a year-on-year increase in revenue to SEK41.1bn from SEK36.1bn previously. The operating margin for the Geely subsidiary rose from 3.5% in the third quarter of 2015 to 5% in 2016.
Oct
27th
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Schaeffler says it has opened new factory halls in China and a new plant in Thailand.
Oct
27th
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Nissan has confirmed the end of production of the Nissan Tsuru in Mexico by May 2017. The company says the popular Tsuru, with more than 2.4m sales to date, has provided accessible, economical and dependable mobility for drivers across Mexico and other markets for more than three decades.
Oct
27th
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Ford's warning of a "much weaker than normal" second half of the year proved to be on target as the company reported a 56 percent decline in third-quarter net income to $957 million.
Oct
27th
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Nissan will build the new Qashqai at its UK factory and add a further model, the X-Trail. The automaker's decision is a major boost to Prime Minister Theresa May just months after Britain's vote to leave the EU.
Oct
27th
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Nissan has announced that it will produce the next Qashqai and will also add production of the next X-Trail model at its Sunderland, UK, plant.
Oct
27th
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The latest UK car production data shows that buoyant exports kept the industry total up in September, in spite of a decline in output for the domestic market of over 10%.
Oct
27th
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Toyota Motor announced this week it is recalling 340,000 electric-hybrid Prius passenger cars worldwide because of defects with the hand-brake/parking brake.
Oct
27th
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Borgward, a German brand that is being revived with Chinese backing, is returning to its former home with plans to open a factory in Bremen to build 10,000 electric cars a year.
Oct
27th
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Borgward, a German brand that is being revived with Chinese backing, plans to open a factory in Germany to build 10,000 cars a year.
Oct
27th
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Cyrus Mistry has hit back at his sudden removal as chairman of the board at Tata Sons this week. In an open letter to the board, he expresses his shock at the 'invalidity and illegality' of the move and says that the board 'has not covered itself in glory'.
Oct
27th
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VW Group leads Toyota in global sales after nine months, putting the Japanese automaker's four-year reign as the world's largest carmaker at risk. Toyota's worldwide deliveries rose 0.4 percent to 7.
Oct
27th
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Britain's decision to leave the EU may dent Toyota's competitiveness in the region, but the Japanese automaker did not see it as a trigger to shift production away from the country, Chief Competitive Officer Didier Leroy said.
Oct
27th
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Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal.
Oct
27th
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Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal.
Oct
27th
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VW Group said third-quarter operating profit at its core VW brand plunged more than half, adding weight to management calls for cutbacks at the automaker's biggest division.