Feb
17th
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Cooper-Standard has posted 2016 net income of US$139m and fourth quarter net income of US$31.1m.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Feb
17th
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PSA has told the UK government it would seek to build on the strengths of the Vauxhall business if the company buys it.
Feb
17th
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The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 years and to improve the hatchback's competitiveness in the compact segment, the automaker has added so many extras to the latest model that it...
Feb
17th
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Kia is stepping up its product offensive in Europe with the launches of new models such as a small SUV, a sporty sedan and replacements for its Rio and Picanto cars.
Feb
16th
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GM played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to PSA, according to officials in both countries.
Feb
16th
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Germany expects PSA Group's proposed acquisition of GM's Opel/Vauxhall business to go ahead. Politicians welcomed the creation of a potential "European champion."
Feb
16th
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General Motors has downplayed the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to Peugeot maker PSA Group, officials in both countries have said.
Feb
16th
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British business minister Greg Clark said he had been reassured by GM that the automaker did not intend to "rationalize" its Vauxhall operations. Clark made the comments after meeting with GM to discuss its plan to sell Opel/Vauxhall to PSA Group.
Feb
16th
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Cars are become safer, more reliable and people are actually driving less - all of which are giving carmakers a headache because they are experiencing a squeeze on one of their most lucrative profit centres - aftersales.
Feb
16th
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Ferrari will debut the 812 Superfast, its most powerful series production car to date.
Feb
16th
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Kia's redesigned Picanto city car has been unveiled ahead of its public debut at the Geneva show in March. The new, entry level tiddler will go on sale across Europe from 1 April. It made its domestic debut, as the Morning, in January.
Feb
16th
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GKN Driveline's Chinese joint venture partner SDS has commenced production of its complete all-wheel drive (AWD) Disconnect system for small to medium-sized vehicles in China.
Feb
16th
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VW has been forced to reduce production of Passat cars at its Emden plant in Germany because of a shortage of components caused by a fire at one of its suppliers, a report said.
Feb
16th
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PSA has bought the rights to the Ambassador nameplate as part of its plan to return to India after a 20-year absence and win over local car buyers who are unfamiliar with the Peugeot marque.
Feb
16th
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Since before the bailouts of 2009, industry and financial mavens have been calling for the merger of Fiat Chrysler Automobiles and General Motors or, failing that, the acquisition of FCA by GM.
Feb
16th
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Aston Martin CEO Andy Palmer expects a return to profitability in 2018 as the money-losing automaker invests heavily to update existing models and develop several new vehicles through 2019.
Feb
16th
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Opel and PSA posted weaker European sales in January than their rivals amid discussions of a possible purchase of the GM unit by the French automaker.
Feb
16th
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PSA Group CEO Carlos Tavares intends to keep Opel as a German company if the French automaker acquires the brand from GM, reports said. Tavares also is open to maintaining Opel's current management structure, the reports said.
Feb
16th
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Hyundai and Kia plan to support their new-car sales in Europe by launching a captive financial services business, breaking away from partner Santander and starting with the foundation of a bank in Germany.