Despite the impact of 'dieselgate' Volkswagen Group generated an operating profit before special items of EUR11.3 (10.2)bn in the first nine months of the year, representing an increase of 10.5%.
Visteon has reported sales of US$770m and net income attributable to Visteon of $28m, or $0.81 per diluted share in the third quarter
Mitsubishi Motors today reported its first quarterly operating loss in nearly six years as the Japanese automaker struggles to recover from a slump in domestic sales after admitting to overstating the fuel economy on its vehicles.
Qualcomm Incorporated and NXP Semiconductors have announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP.
PPG has announced the completion of the first phase of an expansion project at its facility in Tepotzotlan, Mexico. The completed expansion, which adds production and distribution capacity for automotive adhesive and sealant products, is part of a two-phase project that will help PPG meet increasing demand in the growing Mexican automotive manufacturing industry.
Toyota is staking its long-term survival on adapting to shifts customer demands through a data-sharing partnership with Uber. Toyota needs to operate with a sense of crisis to keep pace with its customers, top executive Didier Leroy said.
Mercedes-Benz says the first production model of the new EQ product brand is to be produced in Bremen by the end of this decade.
Magna International has announced that its its vision-based driver-assistance technologies are featured in the 2017 Ford Super Duty Trailer Reverse Guidance system.
Ford Motor Company announced on 27 October 2016 the appointment of Laura Merling as vice president, Autonomous Vehicles Solutions, of Ford Smart Mobility LLC, Ford's subsidiary working to design, build, grow and invest in emerging mobility services. Merling will report to Jim Hackett, Ford Smart Mobility LLC chairman, and be based in Palo Alto, California.
FCA US has announced a US$10.4m investment in a new Mopar Parts Distribution Centre (PDC) located in Romulus, Michigan. The new facility will encompass 500,000 square feet and more than 100 workers. Preliminary construction work has already begun on the new Metro Detroit PDC.
Denso has posted first half of fiscal year results that show sales and profit down on last year.
Bosch says it is preparing for further growth in Mexico.
BorgWarner has reported Q3 US GAAP net sales of US$2,214m, up 17.5% compared with third quarter 2015.
For the three-month period ended September 30, Autoliv reported consolidated sales of US$2,461m. Quarterly organic sales grew by 6.1%. The operating margin was 7.8% and the adjusted operating margin was 8.1%.
BMW is limiting its use of costly lightweight carbon fiber and turning to cheaper alternative materials such as aluminum and steel for its biggest-selling cars to keep profit margins high.
Ford's European chief, Jim Farley, said any post-Brexit help offered by the UK government to companies that export from Britain to the EU should apply across the industry.
Brexit has been in the news again this week, its implications stretching far and wide, sometimes confounding expectations. On the plus side, the UK economy is performing relatively well according to the latest data. In the auto sector, there was also the welcome announcement from Nissan that it will invest in future new models at Sunderland.
Volkswagen of America has released details and images of the Atlas, a 5m-long SUV to be manufactured at Chattanooga. Its Chinese market counterpart, the Teramont, has been simultaneously revealed by SAIC Volkswagen.
BMW production chief Oliver Zipse said there is no need to decide yet whether the Brexit vote is a reason to shift manufacturing of Mini cars away from the UK to other locations in Europe.
Opinion
30 Oct, 2016
Mike Rutherford looks at the UK's growing congestion problems, and he thinks he has the solution
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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