Auto News 5

Diversified Canadian auto supplier Magna International said its net income rose 19 percent to $586 million as profit margins increased in all segments.

VW Group has no plans to sell its Bentley or Bugatti brands, said Oliver Blume, the head of the carmaker's luxury unit.

Power steering systems supplier China Automotive Systems booked sales and margin improvements in the first quarter ended 31 March, 2017.

Cinemo, which specialises in automotive multimedia playback, streaming, media management and connectivity middleware, and Parrot Faurecia Automotive, a supplier of infotainment and connectivity systems, announced they are working together on a new rear seat entertainment (RSE) project for an unnamed automaker.

Flemish road haulage association, Transport Logistics Vlaanderen (TLV) is warning any reintroduction of the British border at Calais back to Dover will trigger an "free ticket" to yet more waves of migrants desperate to reach the UK..

VW Group's Seat brand will make Waze's navigation system available on its entire range in the coming weeks.

Shareholders have formally approved the actions of the management and supervisory boards and adopted a resolution on the dividend for fiscal year 2016, Volkswagen AG said in a statement issued after the annual general meeting in Hanover on Wednesday (10 May).

Thought it posted unit sales growth and cost reduction progress, operating income at Subaru Corporation fell 27.4% year on year to JPY410.8bn due to increases in SG&A and R&D expenses as well as foreign exchange losses during the financial year to 31 March, 2017.

Automakers can expect rising global demand over the coming decades, even if "dramatic" changes to the industry mean fewer people actually own their cars, said Gilles Normand, Renault's head of electric vehicles.

News 11 May, 2017

Only a handful of drivers with a driving ban are currently required to resit their test before receiving their licence back

Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.

Ford doesn't expect any angry shareholders to storm out of the annual meeting today. They won't be able to -- they'll be watching the proceedings on their laptops.

VW will begin production of its latest Polo hatchback next month, intensifying the fight for leadership in Europe's subcompact segment. VW brand chief Herbert Diess says the Polo will "set the benchmark" in its sector.

News 11 May, 2017

Tech giving some learners an unfair advantage in driving tests, with no contingency for semi-autonomous aids

BMW's CEO told the automaker's annual general meeting it would revive the 8 Series line in 2018.

News 11 May, 2017

The DVSA is threatening to publish rankings of Britain's 40,000 driving instructors to help students find the best teacher

News 11 May, 2017

BMW 2 Series updated for 2017 with subtle new look inside and out, alongside new infotainment technology

Nissan is projecting a near 8% decline to operating profit in the current fiscal year as its bottom line is weighed down by negative currency developments and weaker demand in key markets.

Nissan reported a 6.4 percent drop in operating profit in the just-ended fiscal year as foreign exchange losses and rising incentives undercut earnings.