Kobe Aluminum Automotive Products, a US joint venture, announced plans to further expand its production facilities to meet rising demand in North America for aluminium forged suspension products.
Group 1 Automotive said first-quarter earnings fell nearly 1 percent, citing weakness in US energy markets that countered an otherwise healthy quarter.
Volkswagen Group Procurement's global supplier network currently includes about 40,000 partners and the group business platform ONE, which was developed to make cooperation with all these partners even leaner and more efficient in the future, is now live, the automaker announced.
VW Group plans to invest billions through 2022 to strengthen its portfolio of combustion engines and electric drivetrains in anticipation of stricter emissions standards in Europe, the U.S. and China, CEO Matthias Mueller said.
Lear Corporation announced the completion of its acquisition of Grupo Antolin's automotive seating business.
Autoliv reported an increase in first-quarter earnings but flagged uncertainties relating to light vehicle production growth, including high inventory levels and slower sales momentum, especially in North America and China.
GM broadly supports President Trump's effort to cut corporate taxes but wouldn't benefit for about five years because of the huge losses it incurred leading up to its 2009 bankruptcy.
It has been raining (with some sleet) and is unseasonably cool here in the UK, bad weather a sure sign that a national holiday is imminent. And, indeed, Monday 1st May is the annual May Day holiday here.
News
21 Aug, 2018
2018 facelift for the Mazda CX-3 focuses less on cosmetics and more on mechanical upgrades
News
28 Apr, 2017
A small round of tech updates is en route for the Mazda CX-3, while a limited edition GT Sport model is on sale now
Renault executives said the Russian market's unexpected strength will help the company's AvtoVAZ unit, which builds cars under the Lada brand, to reach its 2018 target for profitability.
Anthony Levandowsk stepped down from his post overseeing self-driving car technology. Uber said he won't be involved in decisions relating to lidar technology.
Almost two weeks after Apple secured permission to test its autonomous-car technology in California, the first images of the vehicle have been captured on Silicon Valley roads.
Boosted by higher profitability in North America, General Motors has reported first quarter net income up by 33.5% to USD2.6bn.
That came around again quickly - results season again is upon as, depending on whether automakers and parts suppliers work on calendar year or, commonly in Japan, India and, coincidentally, in our very own parent company Aroq's head office, fiscal year, first quarter or fourth quarter/full year financials spill out all over.
Features
1 May, 2017
Fancy a job as a professional driver? Our man gets a chauffeur masterclass in what’s involved
Guangzhou Automobile Group (GAC) said this week it had started construction of a new vehicle factory in an industrial park in Panyu district, in the southern city of Guangzhou.
Geely-owned Volvo Cars has reported an operating profit of SEK3.5 billion (USD318m) for the first three months of the year, up 11% year-on-year. It said the increase was mainly driven by strong demand for the XC60 and 90 series model ranges.
GM defied a slowdown in the U.S. market in posting its highest first-quarter profit since emerging from bankruptcy. The results were aided by a buildup in inventory, which portends a rougher financial performance later this year.
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