Auto supplier Lear said it posted record fourth-quarter core operating earnings of $386 million, up 7 percent from a year earlier, thanks to strong operating performances in its seating and electrical systems segments.
Fiat Chrysler Automobiles (FCA) has posted net profit of EUR1.8 billion for 2016 (USD1.9bn) compared with just EUR93m in the previous year when it was impacted by restructuring and recall costs.
Robert Davis is out as senior vice president of Mazda's U.S. operations as part of a leadership shuffle at the automaker's North American division, in the wake of a 6.7 percent decline in U.S. sales last year.
Tesla CEO Elon Musk is pressing the Trump administration to adopt a tax on carbon emissions, raising the issue directly with President Donald Trump and U.S. business leaders at a White House meeting Monday regarding manufacturing.
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Ford CEO Mark Fields said potential Trump administration tax code revisions, including a possible 'border tax' on imports from Mexico, could be positive for the automaker.
Hungary's Association of Automotive Component Manufacturers (MAJOSZ) says today's (26 January) walkout by Audi workers in the country is symptomatic of severe wage pressure being exerted from dire labour shortages.
The European Commission issued guidance on how EU countries should enforce a ban on defeat devices. EU officials said the move would likely lead to legal action against countries that fail to clamp down on cheating of diesel emissions regulations.
The European Commission issued guidance on how EU countries should enforce a ban on defeat devices. EU officials said the move would likely lead to legal action against countries that fail to clamp down on cheating of diesel emissions regulations.
Edmunds.com has forecast 1,153,459 new cars and trucks will be sold in the US in January, for an estimated seasonally adjusted annual rate (SAAR) of 17.7m. This would be down 0.7% year on year and 31.5% lower than December 2016 sales. Kelley Blue Book reckons sales will be down 3% to 1.13m next month for an estimated SAAR of 17.4m.
Seat and electrical systems supplier Lear Corporation said fourth quarter (Q4) sales were down 2% year on year to $4.6bn, down 2% from a year ago. Net income of $230m and adjusted net income of $270m compared with $235m and $245m in 2015.
Volkswagen Group's compliance chief, Christine Hohmann-Dennhardt, who has quit the automaker, was sidelined as the automaker negotiated with U.S. authorities to resolve its emissions scandal, sources told Reuters.
Volkswagen Group's compliance chief, Christine Hohmann-Dennhardt, who has quit the company, was sidelined as the automaker negotiated with U.S. authorities to resolve its emissions scandal, sources told Reuters.
Shares in embattled supplier Takata surged for a second day in a row on Thursday, after the airbag maker this week said it was against pursuing a court-ordered turnaround.
After posting a fourth-quarter net loss mainly because of accounting changes, Ford finished 2016 with a $10.4 billion pre-tax profit, down slightly from record results in 2015. Ford's fourth-quarter pre-tax profit was $2.1 billion, down $500 million.
The $10 billion question for Toyota -- it's vowed to invest that amount in the U.S. over the next five years -- is whether all the roots it's put down in America will be enough to mollify President Trump and his pledge to boost U.S.
Fiat Chrysler Automobiles said its fourth-quarter earnings before interest and taxes rose 1 percent to 1.5 billion euros ($1.7 billion) Revenue during the quarter also gained 1 percent to 29.7 billion euros ($31.9 billion).
Kia is drawing up a contingency plan to cope with the policies of U.S. President Donald Trump, reflecting growing wariness by Asian exporters about the prospect of U.S. protectionism.
Workers at Audi's engine plant in Hungary stopped work in a protest over pay. The warning strike affected workers at the engine plant, but not those at the car assembly factory where A3 and TT cars are built.
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