Seating and electronics supplier Lear reported a 38 percent uptick in third-quarter net income to $295 million as sales hit record levels following a key acquisition.
Acquisitions helped boost Penske Automotive's net 7.9 percent in the third quarter. A new focus on used vehicles led to more sales of them than new ones.
In the latest viral video to join our charts, Ford shows the importance of power.
News
25 Oct, 2017
Toyota is unlikely to introduce another new car with a diesel engine, the company’s boss has told Auto Express
It's almost 25 years since Mazda shelved Amati, its take on Acura, Infiniti and Lexus. Given that the plans for multiple models and a bespoke W12 engine were not backed up by a rock solid balance sheet, this was the right decision. Now, with its recent concepts effortlessly showing up so many cars from the likes of Ferrari, Aston Martin and Rolls-Royce which lack beauty, it's time for Mazda to think again.
Assurant's planned acquisition of the Warranty Group next year will give Assurant a larger presence in the market and better position both companies for the future of auto retail, their executives say.
Ally Financial's auto loan and lease originations dipped 1.2 percent to $8.1 billion in the third quarter, the company said Wednesday. Ally has targeted reducing lease volume.
Lithia Motors' acquisitions pushed revenue up sharply in the third quarter, but higher costs and comparison against a strong 2016 pushed net down 4 percent.
The Senate moved to overturn a rule aimed at making it easier for customers to sue banks, handing financial firms a big win in their battle against post-crisis regulations.
Nissan will become the first Japanese automaker competing in Formula E, replacing alliance partner Renault, which will leave to focus on Formula One.
News
26 Oct, 2017
We look at cars that have already been previewed ahead of one of the world's biggest aftermarket car gatherings.
Growing profit and vehicle sales at VW justify calls for strong wage gains even as the company faces billions of costs for its diesel-emissions test scandal and a strategic shift to electric cars, the IG Metall union said.
Toyota will have to think about the future of its UK plant if Britain loses tariff-free access to the EU's single market, Executive Vice President Didier Leroy said.
PSA says that group revenue amounted to EUR14,988m in Q3 compared with EUR11,404m in Q3 2016. In the first nine months of the year, 2017 group revenue reached EUR44,153m, compared with EUR39,183m in 2016, up 12.7%.
Nissan says it surprised attendees at Tokyo with the introduction of "Canto," the future sound of Nissan's electrified vehicles.
GKN Driveline says it has utilised expertise from its motorsport team to develop 'custom solutions to meet the extreme strength, durability and performance requirements for the 2018 Jeep Grand Cherokee Trackhawk' (described as the most powerful and quickest SUV ever).
German carmakers being investigated over possible collusion did not engage in price fixing or an illegal cartel, Volkswagen CEO Matthias Mueller said.
Mitsubishi Motors Corporation (MMC) has debuted its 'E-Evolution Concept' at the 2017 Tokyo Motor Show.
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