Tower International said its first quarter net income more than doubled as sales rose slightly and the company avoided major costs it faced during the same quarter last year.
Dana's first-quarter net income rose 67 percent to $75 million on the strength of new business with automakers, greater demand for light trucks and improvement in various other business lines.
Volkswagen and Audi bucked a bad industry sales month in April, finishing up for the month -- though VW got some help from repaired turbodiesel engines to stay in positive territory.
Volkswagen and Audi bucked a bad industry sales month in April, finishing up for the month -- though VW got some help from repaired turbodiesel engines to stay in positive territory.
Another month of booming Rogue sales failed to shield Nissan from the industry's downturn in April.
Weaker U.S. sales at American Honda in April pulled the automaker into negative territory for the year as sliding demand for sedans and Acura vehicles offset healthy light truck volume.
GM's US sales slumped 5.8 percent in April, and its dealerships now have more inventory waiting to find buyers than at any month since before the recession started almost a decade ago.
Toyota said its US sales fell 4.4 percent in April from a year earlier to 201,926 light vehicles, as the car-heavy mix in its Toyota and Lexus brands continued to take a beating.
Indian subsidiary Maruti Suzuki contributed over half of Suzuki Motor's overall global production and about 54% of its global sales during the fiscal year ended 31 March 2017.
The Ram pickup kept Fiat Chrysler's sales from sliding further than 6.6 percent in April as Jeep sales continued to tumble.
Ford's sales dropped 7.1 percent in April -- its fourth-straight US monthly decline -- because of poor retail performance and declines in the car and truck segments as demand continues to cool.
News
3 May, 2017
To combat mobile phone use while driving, Nissan has revealed the Signal Shield prototype to block incoming messages
News
2 May, 2017
Up to 8% of car sales in China would need to be electric by 2018 under draft legislation with big implications for luxury car brands
New auto companies face long, tough odds, regardless of consumer enthusiasm for their products.
News
2 May, 2017
MINI teams up with AUTOHOME to create a special edition AirTop roof tent accessory for the new Countryman SUV
The closure of General Motors India's Halol factory last Friday (28 April) has left workers devastated amidst a bleak outlook for re-employment elsewhere, local media reports said.
GM said it would deconsolidate its operations in Venezuela, reducing global profits by up to $100 million after the government seized GM's plant there last month.
Yanfeng Automotive Interiors (YFAI) says its EUR5m (US$5.5m) investment into a new test lab at Trencín in Slovakia and associated facilities forms part of its plans for sustainable growth as it looks to address hygiene issues associated with multiple usage.
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