Group 1 Automotive swung to a net profit of $30.8 million in the fourth quarter from a year-earlier loss, as new vehicle sales decreased but gross profit per unit grew, the Houston auto retailer said today.
The Subaru Legacy, one of just three non-luxury midsize sedans to post a gain in U.S. sales last year, is getting a midcycle freshening for the 2018 model year.
Tenneco said longtime CEO Gregg Sherrill is stepping down effective May 17, but will remain executive chairman. The board of directors named COO Brian Kesseler to fill the role of CEO.
Autoliv, the world's largest airbag and seat belt supplier, reported its net income fell 22 percent in the fourth quarter to $144 million.
Daimler and Nissan are re-examining the scope of collaboration at their planned Mexican factory that's set to make Mercedes-Benz and Infiniti cars.
Magna International opened the new headquarters for its seating division this week in the Detroit suburb of Novi, Mich., the company said in a statement.
BMW said it named Bernhard Kuhnt to become CEO of BMW of North America effective March 1. Ludwig Willisch, who previously held that title, is now head of BMW Group Region Americas, according to a statement released Thursday.
Mazda has issued downbeat part-year financial results along with downward revisions full-year results as it reported slower sales at home and in key export markets. A stronger local currency also dented profit.
Delphi Automotive posted a 47 percent gain in fourth-quarter net income as the supplier continued to benefit from growth in its technologies that are aiding the evolution toward self-driving vehicles.
Registrations in Germany increased by 11 percent in January, with brands including Toyota, Skoda, Renault and Fiat recording gains of over 20 percent.
Opel/Vauxhall's decision to use a crossover design for its new Crossland X minivan will help the automaker win more women buyers, executives said, citing the high seating position and the OnStar 24-hour concierge service as some of the features...
Italian luxury carmaker Ferrari on Thursday reported a 38 percent rise in fourth-quarter adjusted core earnings and gave a strong guidance for 2017.
Fiat Chrysler CEO Sergio Marchionne says the automaker will offset the high costs of relaunching Alfa Romeo by sharing the brand's Giorgio platform with Maserati, Dodge and Jeep vehicles.
Daimler has posted its best-ever figures for annual unit sales, revenue and net profit for 2016. The company also expects to increase sales and earnings again this year, helped by some growth in demand and a strengthened market position. Further growth in revenue and EBIT is also anticipated.
German supplier Thyssenkrupp will build a factory in the east China city of Pinghu to produce springs and stabilizers for a variety of automaking customers.
German chipmaker Infineon reported a 12 percent rise in first-quarter profit on strong demand for its chips from automakers and stuck to its full-year forecast for revenue growth and profit margin.
January was a bit of payback for an incentive-fuelled December. Total light vehicle sales dropped 1.9% to 1.14m. The deficit was actually smaller than predicted and translated into a seasonally adjusted annualised rate (SAAR) of 17.61m cars and light trucks, which was also better than expected.
Mazda's operating profit tumbled 71 percent in the latest quarter, as foreign exchange rate losses hit earnings and offset small sales gains.
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