GM broadly supports President Trump's effort to cut corporate taxes but wouldn't benefit for about five years because of the huge losses it incurred leading up to its 2009 bankruptcy.
It has been raining (with some sleet) and is unseasonably cool here in the UK, bad weather a sure sign that a national holiday is imminent. And, indeed, Monday 1st May is the annual May Day holiday here.
News
21 Aug, 2018
2018 facelift for the Mazda CX-3 focuses less on cosmetics and more on mechanical upgrades
News
28 Apr, 2017
A small round of tech updates is en route for the Mazda CX-3, while a limited edition GT Sport model is on sale now
Renault executives said the Russian market's unexpected strength will help the company's AvtoVAZ unit, which builds cars under the Lada brand, to reach its 2018 target for profitability.
Anthony Levandowsk stepped down from his post overseeing self-driving car technology. Uber said he won't be involved in decisions relating to lidar technology.
Almost two weeks after Apple secured permission to test its autonomous-car technology in California, the first images of the vehicle have been captured on Silicon Valley roads.
Boosted by higher profitability in North America, General Motors has reported first quarter net income up by 33.5% to USD2.6bn.
That came around again quickly - results season again is upon as, depending on whether automakers and parts suppliers work on calendar year or, commonly in Japan, India and, coincidentally, in our very own parent company Aroq's head office, fiscal year, first quarter or fourth quarter/full year financials spill out all over.
Features
1 May, 2017
Fancy a job as a professional driver? Our man gets a chauffeur masterclass in what’s involved
Guangzhou Automobile Group (GAC) said this week it had started construction of a new vehicle factory in an industrial park in Panyu district, in the southern city of Guangzhou.
Geely-owned Volvo Cars has reported an operating profit of SEK3.5 billion (USD318m) for the first three months of the year, up 11% year-on-year. It said the increase was mainly driven by strong demand for the XC60 and 90 series model ranges.
GM defied a slowdown in the U.S. market in posting its highest first-quarter profit since emerging from bankruptcy. The results were aided by a buildup in inventory, which portends a rougher financial performance later this year.
Renault has reported that its group revenues surged by 25.2% to EUR13,129m in the first quarter, boosted by the contribution of AvtoVAZ and higher global vehicle sales across its brands and through JVs across the world.
BorgWarner has reported net sales of USD2,407m in the first quarter, up 6.1% on last year.
Mazda's operating profit tumbled 56 percent in the latest quarter, as a deteriorating sales mix, foreign exchange rate losses and recall costs undermined results.
Grammer warned that the influence of a Bosnian investor has led to a decline in orders and could pose a risk to the company's viability.
PSA fired three of its top managers in Germany after a sales campaign led to thousands of Peugeot 208 cars being sold at more than 40 percent off their list price, according to a report.
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