Domestic sales by South Korea's five main automakers fell by 5% to 132,675 units in April 2017, from 139,617 units in the same month of last year, according to preliminary data released individually by the country's vehicle manufacturers.
Hyundai Motor plans to source electric hybrid vehicle batteries from Chinese manufacturer Contemporary Amperex Technology Co Ltd (CATL), according to local reports citing company sources.
Dana boosted first quarter 2017 sales to US$1.70bn, compared with $1.45bn in Q1 2016, a 17% increase. The increase was due to new business gains, higher demand in global light truck markets, and improved demand for global off highway components.
Slovakia's Ministry of Economy says it hopes the opening of Yanfeng Automotive Interiors' (YFAI) new testing laboratory in Trencín will act as a catalyst for other manufacturing companies to set up shop in the region.
New-car registrations in Italy fell 4.6 percent last month with most major automakers losing volume except Renault, Skoda, BMW and Citroen.
Bosnian supplier Prevent has no plans to launch a full takeover of German rival Grammer, and expects carmakers like VW to honor their contracts, the company's CEO told a German newspaper.
Volkswagen Group has posted operating profit up 40% to EUR4.37bn in the first quarter, helped by a strong turnaround for the Volkswagen brand, despite the 'dieselgate' crisis.
News
3 May, 2017
Hard credit checks are altering buyers' credit scores, costing those who shop around for car finance an average of £375 each
Forecasts for US light vehicle sales in April proved to be a bit optimistic as total volumes continued to decline.
Volkswagen is in talks with Exxon and Gazprom to back its efforts to promote cars running on natural gas as the automaker works on a shift towards cleaner technologies in the wake of its diesel-emissions scandal.
Drivers of older polluting diesel cars in Britain are to receive compensation for scrapping them, according to a newspaper report.
PSA is partnering with a U.S. tech firm to test autonomous cars in Singapore. NuTonomy's software, sensors and computing platforms will be installed in Peugeot 3008 models as part of plans to test the technology needed for level 5 capability.
News
3 May, 2017
Korean Ministry of Land, Infrastructure and Transport issues Samsung with approval to test self-driving software
VW Group said first-quarter operating profit rose 40 percent, a sign that cost cuts are materializing as the automaker pushes to overcome its emissions scandal. Higher profits at Porsche and Skoda also helped the group's results.
Mini USA has appointed new heads of both sales and marketing. Tom Salkowsky becomes department head of sales for Mini USA.
Land Rover highlights its all-new Discovery in the top-ranked new video on our weekly viral video chart.
U.S. sales of true sports cars are accelerating this spring, leaving cars in other segments in the rearview mirror.
Volkswagen Group of America has appointed two men to top positions running the company's communications and parts and vehicle logistics.
The Ford EcoSport subcompact crossover won't be in dealerships until early 2018, but it will be in theaters starting Friday.
Authenticom, a data integration service provider, has accused CDK and Reynolds of creating a duopoly in the dealership data integration market.
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