Auto News 5

Stronger economic conditions, new products and continuing shifts in consumer taste have all helped maintain positive momentum in the European car market during the first half (H1) of 2016, according to JATO Dynamics analysts. Total registrations grew 9.1% year on year to 8.09m units, the highest tally since H1 2008. June saw a slow-down in month on month growth, however: 6.5% versus 15% in May. The UK saw negative growth following uncertainty caused by the EU referendum result while the SAAR was 15.5m vehicles.

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Nissan has really needed something different to boost its sales in Brazil where it both imports or manufactures locally the vehicles it sells.

Gentex has posted Q2 net sales of US$424m, up 12%, largely driven by a 13% quarter to quarter increase in auto-dimming mirror unit shipments as well as overall light vehicle production rises.

A global survey of professionals across four industries - including automotive - shows that global auto industry confidence is holding up, despite some reduction in business optimism following the UK referendum vote to leave the EU last month (so-called 'Brexit').

A global survey of professionals across four industries - including automotive - shows that global auto industry confidence is holding up, despite some reduction in business optimism following the UK referendum vote to leave the EU last month (so-called 'Brexit').

Nissan's US unit has added new XD and Single Cab versions to its Titan full-size pickup line.

Hyundai Motor has set out the structure, focus and first ideas of its newly-established Project Ioniq Lab in Korea.

Porsche has raised the number of jobs it will create to produce its first all-electric car to more than 1,400 from 1,000.

Faurecia has unveiled half year operating income up 28% to EUR490m (US$539m), representing 5.1% of total sales.

China's passenger vehicle exports rose 13 percent in June as GM and Volvo boosted exports to North America.

Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said.

Hyundai's quarterly profit slipped 3 percent to $1.46 billion, the 10th consecutive quarterly decline. Shrinking demand for its sedans in the U.S. hit earnings. Hyundai also said the UK's Brexit vote had clouded its outlook for the EU.

Daimler's mytaxi said it will merge with British rival Hailo, creating Europe's largest smartphone-based taxi-hailing business.

Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium rivals such as the Audi Q5 and BMW X3, and by offering more equipment.

To hammer home the point of craftsmanship, the spot shows leather being stitched together on a steering wheel while wood grain is being carved as viewers get a glimpse of the CX-9's interior.

Volkswagen's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles.