Auto News 5

BMW CEO Harald Krueger said the automaker is not under pressure to decide about making further investments in its Mini factory in the UK until the country has concluded negotiations on leaving the EU.

News 4 Nov, 2016

DS Automobiles will no longer offer the hybrid DS 5 in Britain, citing poor sales

VW Group has received regulatory approval for technical fixes on models with 1.6-liter diesel engines, the automaker said today. This will allow the company to recall another 2.6 million cars affected by its diesel-emissions scandal in Europe.

Unifor and Integram (Magna) Seating in Windsor, Ont., have reached a tentative agreement, avoiding a strike and the possible shutdown of two Ontario assembly plants.

Takata said it wants to avoid bankruptcy globally because a court-led restructuring could disrupt the supply of parts to automakers, the first public comments the embattled airbag supplier has made on an option being considered in the U.S.

Unusual story of the week - 'fire at Ford HQ' slows sales data reporting'. Conjured up visions of people throwing computers out the window of Dearborn HQ and jumping out after them. No, nothing as dramatic, merely a fire in a substation cutting the electricity for a bit and slowing dealer reporting and HQ collation. Hence our Man in the US sending a two-part report on (still slowing) US sales. Instalment one here; two here.

UK new-car registrations rose 1.4 percent last month, with an increase in fleet sales helping to offset a continued slump in private demand following the country's decision to quit the EU.

Arconic has launched today as a specialist company in multi-materials innovation, precision engineering and advanced manufacturing and has started trading on the New York Stock Exchange (NYSE) using the sticker ARNC.

Accuride is recommending its shareholders vote the supplier be acquired by affiliates of Crestview Partners at at a Special Meeting on 15 November.

AAM has posted third quarter net income up 1.3% to US$61.7m, reflecting the impact of a US$3.4m asset impairment charge and US$0.7m of acquisition related expenses.

InvenSense has announced a collaboration with Panasonic Corporation for the development of sensor technology solutions and of new automotive safety high-performance MEMS-based inertial sensors.

The UK new car market experienced modest growth in October following the plate change month of September, according to the Society of Motor Manufacturers and Traders (SMMT). 180,168 cars were driven off the UK's forecourts last month as registrations grew 1.4%.

Sales of imported vehicles in South Korea rebounded in October following months of decline in after the Volkswagen emissions scandal came to light more than a year ago.

VW Group said the software allowing its diesel vehicles to evade emissions rules does not violate European law, as the automaker aims to toughen its legal defenses in view of a possible rise in compensation claims in its home region.

UK trade body, Society of Motor Manufacturers and Traders (SMMT) says there would not have been guarantees made to Nissan ahead of its dramatic announcement last week (27 October) it was to continue significant investment into its Sunderland plant. 

BMW's third-quarter profit rose 1 percent to $2.64 billion as demand for its SUVs propelled sales in Europe and China, offsetting a slump in the U.S. market, which the automaker said had become "more volatile." Profit at the automotive unit fell 3.

News 4 Nov, 2016

Audi has treated us to official pictures and details on the new Audi A5 Cabriolet, here’s everything you need to know…