Mitsubishi Motors said it boosted fiscal 2018/9 sales 14.7% year on year to JPY2,514.6bn while operating profit increased to JPY111.8bn from JPY98.2bn for an operating margin of 4.4%.
General Motors said it was "in discussions with Cincinnati-based Workhorse Group and an affiliated, newly formed entity" to sell the Lordstown factory complex in Ohio.
PSA is remaining tight-lipped concerning rumours it might be looking to acquire Jaguar Land Rover, although it noted it was "open to opportunities."
News
9 May, 2019
The DVSA has introduced a new system allowing MoT certificates to be printed at home, saving British motorists around £6 million a year
New data from the European Automobile Manufacturers' Association (ACEA) highlighted the correlation between the affordability of electric cars and their market uptake. The analysis compared national data on the sales of electrically-chargeable vehicles (ECVs) with GDP per capita in the EU member states for full year 2018. The data showed all countries with an ECV market share of less than 1% - half of all EU member states - have a GDP per capita below EUR29,000.
News
9 May, 2019
Thatcham Research releases new guidelines for recalibrating advanced driver assistance systems following a collision
Mazda Motor Corporation said it sold 1,561,000 vehicles worldwide ended 31 March 2019.
Alliance Ventures, the strategic venture capital fund that invests in technology startups for Renault Group, Nissan Motor Company and Mitsubishi Motors, announced a partnership with Plug and Play China to "cooperate on open innovation" in the world's second largest economy.
Continental has posted year-on-year first-quarter net income attributable to the shareholders of the parent, down 22% to EUR575m (US$643m), although it says sales were "on par" at EUR11bn.
News
9 May, 2019
Swiss start-up brand Piech has released some early design sketches and performance specifications for its upcoming all-electric models
Toyota Motor and EV battery supplier Panasonic plan to establish a joint company to develop connected services to be used in homes and urban development, a media report said.
Toyota Boshoku is to open an office in Gurgaon City in the Indian State of Haryana for sales and development.
News
9 May, 2019
First Minister Mark Drakeford has said the Welsh Government wants 20mph to become the “default” speed limit for residential areas
In April 2019 Lada sold 32,316 cars in Russia, a gain of 5.2% on April last year.
Keysight Technologies is collaborating with GOHIGH Data Networks Technology (GOHIGH) to accelerate cellular-vehicle-to-everything (C-V2X) technology for connected car applications
Group PSA has announced that it will produce large vans at its Gliwice vehicle manufacturing plant in Poland by the end of 2021 due to LCV capacity constraints elsewhere in its manufacturing network.
Daimler Financial Services is establishing a new division on the board of management with Joerg Lamparter to become a new member for digital and mobility solutions.
AB Volvo's Mack Trucks unveiled its LR battery electric vehicle (BEV) at WasteExpo 2019. Combining the refuse industry-leading design of the LR model with a fully electric drivetrain, the demonstration model will begin real-world testing in 2020 in the hands of the New York City Department of Sanitation (DSNY).
News
8 May, 2019
Welsh tuning company MS-RT now offers a styling pack for the Transit Connect van, which adds a new body kit and a revised interior