Toyota - like Honda - is emphasising cost reductions efforts which it says will help to lift operating profit by 3.3% to 2,550 billion yen in the year to March 2020. In the fiscal year just ended, Toyota posted an operating profit of 2,470 billion yen - up 2.8% on the previous year.
Schaeffler has signed a purchase agreement for the acquisition of Xtronic, although no purchase price has been disclosed.
Lanxess has completed the US$5.6m expansion of its Macrolex dyes production plant at Chempark, Leverkusen, increasing capacity by around 25%.
News
8 May, 2019
Mulliner has produced a special one-off Bentley Continental GT Convertible which pays homage to the German region of Bavaria
ChargePoint Services, owner and operator of the GeniePoint Network, is working alongside Ei Group, the UK's largest pub company with more than 4,400 properties nationwide, to launch electric vehicle charging.
This new S60 may well be the first Volvo Car made in the United States (but not in North America as there once was a CKD kit assembly operation in Canada) but you'd be hard pushed to find any evidence anywhere an owner might look.
West European car registrations fell 1% year-on-year (YoY) in April according to data released by LMC Automotive. However, the annualised selling rate rose slightly, to 14.3m units a year from 14.1m units a year in March.
Unlike passenger car sales, which declined 4.1% last month, UK demand for new light commercial vehicles (LCVs) grew 4.7% in April, according to data from the Society of Motor Manufacturers and Traders (SMMT).
Autoliv has appointed Frithjof Oldorff as president of its Europe division and member of the executive management team.
Geely's Volvo Cars has launched a paid gender-neutral parental leave policy for all sales company employees in the EMEA region (Europe, Middle East and Africa), offering six months of leave with 80% pay.
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7 May, 2019
Home Office reveal one police force cancelled over three fifths of speeding tickets issued in a year, while another upheld 98.7 per cent
PSA and the University of Orléans have renewed the OpenLab Energetics contract for four years.
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7 May, 2019
The range-topping Mercedes-AMG CLA 45 will sit above the recently-released CLA 35 with up to 416bhp
New vehicle sales in Taiwan were just slightly higher at 34,680 units in April compared with 34,458 units in the same month of last year, according to local reports citing registration data compiled by Taiwan's Directorate of Highways.
Sales of imported light passenger vehicles in South Korea continued to fall sharply in April, by almost 30% to 18,219 units from 25,923 units a year earlier, according to member data released by the Korea Automobile Importers & Distributors Association (KAIDA).
EC Vice-President in charge of the Energy Union, Maros Sefcovic has hosted the third meeting at Ministerial level of the European Battery Alliance.
The UK new car market declined by 4.1% in April according to data released by the SMMT.
BMW's first quarter 2019 financials were "heavily impacted" by the provision of around EUR1.4bn made in connection with antitrust allegations by the European Commission.
News
7 May, 2019
Investigation compares average annual mileage and economy figures for SUVs against similar saloons, estates and hatchbacks