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May
14th

Nissan profit falls on foreign exchange losses, onetime costs

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Nissan reported a 12 percent slide in operating profit in the most recent quarter as foreign exchange rate losses, deteriorating sales mix and one-time costs.
May
14th

NAFTA proposals unlikely to see much output moved – report

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Trump administration demands in NAFTA trade negotiations meant to push automotive jobs back to the US may not be enough to spark a shift in where automakers build cars and trucks, a Reuters investigation has concluded.
May
14th

Tesla safety exec jumps ship to Waymo

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Alphabet (Google parent) self-driving unit Waymo said at the weekend Matthew Schwall had joined the company from Tesla where he was the main technical contact with US safety investigators.
May
14th

Making Winterkorn pay for VW’s scandal could backfire on automaker

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Forcing former VW Group CEO Martin Winterkorn to pay for at least some of the nearly $30 billion stemming from the diesel scandal could backfire on the automaker and even drag other top executives -- Chairman Dieter Poetsch and new CEO Herbert Diess...
May
14th

Volkswagen sees Nigeria sales recovering on economy

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VW Group expects a rebound in vehicle sales in Nigeria as the economy in Africa's biggest oil producer recovers, the head of the company's South African operations Thomas Schaefer, said.
May
14th

Yokohama Q1 profit up 18% to US$85m

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Yokohama has unveiled first-quarter profit attributable to the owners up 18% to JPY9.3bn (US$84.9m), with sales increasing 2.3% to JPY149.2bn.
May
14th

Takata airbag costs hit Subaru bottom line

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Subaru Corporation operating income in the fiscal year to 31 March 2018 fell 7.6% year on year to to JPY379.4bn, as foreign exchange gains were offset by a rise in sales expenses due to higher interest rates in the US, higher costs of raw materials, an increase in R&D expenses, and other factors.
May
14th

Iveco launches its first LNG truck in Japan

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Iveco has presented its developments in its action plan to support the use of natural gas in the transport sector in Japan.
May
14th

Hyundai Motor India renews export deal with Chennai port

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Hyundai Motor India the country's second largest manufacturer of passenger cars which claims to have been top exporter since it started operations, has renewed its memorandum of agreement with Chennai Port Trust for 10 years.
May
14th

Making Winterkorn pay for VW’s scandal could backfire

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Forcing former VW Group CEO Martin Winterkorn to pay for at least some of the 25 billion euros ($29.
May
14th

Making Winterkorn pay for VW’s scandal could backfire on automaker

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Forcing former VW Group CEO Martin Winterkorn to pay for at least some of the 25 billion euros ($29.
May
14th

GM Korea outlines plan for profitability by 2019

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GM Korea has announced what it describes as 'a robust business plan' that is intended to return the company to profitability by 2019.
May
14th

Allison appoints Frederick Bohley as CFO

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Allison Transmission has appointed Frederick Bohley as vice president, chief financial officer and treasurer, effective 1 June.
May
14th

New Mercedes-AMG GT S Roadster unveiled – pictures

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May
14th

New Mercedes-AMG GT S Roadster unveiled

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Mercedes-AMG GT S Roadster front outside
News 14 May, 2018

Third AMG GT Roadster variant sits between the current GT and GT C, with 0-62mph taking 3.8 seconds

May
14th

Mazda’s new CEO to focus on US

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Mazda Motor plans to appoint its current vice president Akira Marumoto, who oversees operations in the Americas, as its global president and chief executive officer in June - replacing Masamichi Kogai.
May
14th

SinoTruck targets strong overseas growth

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China National Heavy Duty Truck Group Corp (CNHTC), one of China's largest truck manufacturers also known as SinoTruck, is expanding aggressively overseas as it looks to build on its strong domestic market position.
May
14th

Political window opens for mpg gains through high-octane fuel

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Automakers and others sense an opportunity to create a national high-octane standard that satisfies Big Oil, agribusiness, regulators and the auto industry.
May
14th

Mitsu gets back to a profit on N.A. boost

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Rebounding profits in North America helped troubled Mitsubishi Motors Corp. jump back into the black in the just-finished fiscal year, as the recovering Japanese automaker rode a tail wind of surging sales, big cost cuts and favorable exchange rates.
May
14th

Mahindra’s giant leap into Detroit

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After failing to enter the U.S. market in 2010, India's Mahindra and Mahindra is taking a novel approach in its second attempt #8212; making vehicles in Detroit.
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