Lear raised its outlook for sales and earnings for the year after reporting record first-quarter results. It was the first earnings report for the supplier under new CEO Ray Scott.
Fiat Chrysler Automobiles lowered more debt in the first quarter of 2018 than expected, a media report said.
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26 Apr, 2018
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Fiat Chrysler said first-quarter operating profit rose 5 percent to 1.61 billion euros ($1.96 billion) with positive results in Europe and North America offsetting lower earnings in North America.
Fixing a "challenging" launch of the new Ram 1500 pickup has cost FCA $300 million, but it didn't keep the automaker from posting a Q1 record adjusted earnings of $1.96 billion while cutting debt.
Fiat Chrysler said first-quarter operating profit rose 5 percent to 1.61 billion euros ($1.96 billion) with positive results in Europe and North America offsetting lower earnings in North America.
As a result of increased market demand for the GMC Acadia and Cadillac XT5 crossovers, General Motors has announced it will add a third production shift at its Spring Hill manufacturing plant. The third shift is expected to begin production in September 2018.
Ford is sharing more details on changes to its product portfolio.
Visteon has reported first-quarter net income up 3% to US$65m, with sales of US$814 compared to US$810m last year.
A US$0.9bn pre-tax charge related to GM Korea restructuring has reduced General Motors' first quarter 2018 operating income by 58.7% year on year to $1.1bn.
General Motors' net income and operating profit significantly fell in the first quarter due to planned downtime in its full-size pickup production, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.
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13 Aug, 2018
Live M4 traffic news and updates for M4 junctions, plus real time travel reports on delays, accidents, roadworks and snow
Tips & advice
26 Apr, 2018
Live M4 traffic news and updates for M4 junctions, plus real time travel reports on delays, accidents, roadworks and snow
GM's net income and operating profit fell sharply in the first quarter because of planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.
UK car production declined in March, down 13.3% year on year, according to the Society of Motor Manufacturers and Traders (SMMT).
Magna says the contract with the BMW Group 'is one of the first in the auto industry to include solid-state lidar for serial production.' The Canadian supplier developed the lidar with Innoviz.
Russia's automotive sector has emerged from the crisis of the past four years due to "serious support," which reached more than US$1bn alone last year from the government say Kremlin politicians as the country continues its slow recovery.
China is mulling proposals to cut import duties on passenger cars by about half, Bloomberg reported, citing people with direct knowledge of the matter, a move that's set to give a lift to luxury brands such as BMW and Lexus.
Porsche set one of the industry's most aggressive targets for selling plug-in hybrid and full-electric cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electrified models is speeding up.
Porsche set one of the industry's most aggressive targets for selling plug-in hybrid and full-electric cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electrified models is speeding up.
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