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Apr
28th

ANE’s May issue goes live Monday

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The latest issue of the Automotive News Europe monthly magazine goes live on Monday, May 1. The new edition looks at how Seat ended more than a decade of losses and why it expects to become a reliable moneymaker for parent VW Group.
Apr
28th

Toyota expands connected-car hub in Texas

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Toyota Connected, the automaker's global data-science hub, is expanding staff and operations near the company's new North American headquarters in Texas.
Apr
27th

Toyota recalls 228,000 Tacomas in U.S. for differential oil leaks

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Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil.
Apr
27th

Ally’s Q1 net falls 14 percent on increased loan-loss provision

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Ally Financial's first-quarter net income dropped 14 percent from a year earlier primarily because of an increased provision for auto losses
Apr
27th

Visteon triples Q1 net income

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Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations.
Apr
27th

BorgWarner Q1 gains driven by organic growth

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BorgWarner delivered strong first-quarter earnings driven by organic revenue growth, and the supplier said it is confident in continued market-share expansion.
Apr
27th

Kia picks Saad Chehab to lead marketing

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Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief.
Apr
27th

Tesla’s Klaus Grohmann ousted after clash with Elon Musk

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Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported.
Apr
27th

Renault revenue rises 25% on new models, Lada consolidation

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Renault's first-quarter revenue rose 25 percent as the company launched new models and production deals, and began consolidating Lada sales by Russian affiliate AvtoVAZ.
Apr
27th

Renault sales rise 25% on new models, Lada consolidation

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Renault's first-quarter revenue rose 25 percentas the company launched new models and production deals, and began consolidating Lada sales by Russian affiliate AvtoVAZ.
Apr
27th

Wells Fargo, JPMorgan wary of auto loans, pack them in bonds

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Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.
Apr
27th

Visteon announces record Q1 results

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Visteon has announced a strong set of results for the first quarter buoyed by rising demand for its infotainment products in China.
Apr
27th

Ford’s loss on canceled Mexico plant will be lower than expected

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Ford's loss on its aborted Mexico plant in San Luis Potosi totaled $153 million, 23 percent less than it had originally booked.
Apr
27th

Kia plans $1.1 billion plant in India

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Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.
Apr
27th

Asbury’s Q1 net rises 9.7% on FandI, parts and service gains

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Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat.
Apr
27th

ACEA and CLEPA warn of European Brexit damage

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Ahead of the EU-Brexit summit this weekend, European automobile manufacturers and suppliers have sounded the alarm over the potential damage that Brexit could do to the competitiveness of their industry, which represents 6.5% of EU's GDP and provides employment to some 12.2 million Europeans across the continent.
Apr
27th

Costs and currency hit Ford’s Q1 profits

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Ford has announced Q1 2017 pretax profit down US$1.6bn year on year to $2.2bn on revenue up $1.4bn to $39.1bn.
Apr
27th

Valeo Q1 2017 sales up 22%

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Valeo announced first quarter of 2017 sales up 22% year on year to EUR4.8bn (US$5.2bn).
Apr
27th

SsangYong launches XLV diesel engine model

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SsangYong Motor Company has launched the XLV diesel engine model at the 2017 Shanghai Motor Show to meet fast growing demand for subcompact SUVs in the Chinese market.
Apr
27th

Panasonic opens new lithium ion battery factory in China

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Panasonic Corporation has held an opening ceremony for its new automotive lithium-ion battery factory in Dalian, China.
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