Auto News 5

Johnson Controls (JCI) announced third fiscal quarter revenues of US$9.5bn (down from $9.6bn a year ago) and operating profit of $383m, including several non-recurring items. Earnings per share were $0.59.

Volkswagen will suspend sales of most of its vehicle models in South Korea, as pressure builds on the automaker over its falsified emissions tests.

DuPont and the Dow Chemical Company announced that, at their respective special meetings of stockholders held on 20 July 2016, stockholders of both companies have voted to approve all stockholder proposals necessary to complete the merger of equals transaction - a key milestone in the process to merge the two companies and subsequently pursue the intended spins of three highly focused, independent companies. The companies expect the merger transaction to close in the second half of 2016, subject to customary closing conditions, including receipt of regulatory approvals.

PSA blamed the UK's referendum vote to leave the EU for a decision to suspend production for two days at its Poissy plant near Paris. The automaker said the measure was "just in case" the June decision significantly affects its sales.

PSA has unveiled an Iranian deal to build three Citroen models through a new joint venture. The framework deal follows a production agreement last month between sibling brand Peugeot and state-owned Iran Khodro.

BMW Group is considering building a factory to produce batteries for plug-in hybrid vehicles in Thailand, the country's industry minister said.

Features 23 Jul, 2016

We join trainers at the RMI Academy of Automotive Skills to see what it takes to issue an annual MoT, and find out how the test has changed

Daimler has accelerated development of Mercedes electric cars, CEO Dieter Zetsche said, adding that he saw the vehicle segment gaining market share.

General Motors reportedly has said US regulators may force it to recall another 4.3m vehicles due to potentially defective Takata air bag inflators, at a cost of US $550m.

The White House is expanding a federal loan guarantee program to include companies building electric vehicle charging stations, as part of a broader effort to boost EV sales.

The man who allegedly shot two UAW local officials outside of a union hall in Chicago was charged with eight counts of attempted murder.

Elon Musk's latest "master plan" for Tesla Motors to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving, could cost $2 billion to $3 billion or more, experts and analysts said Thursday.

News 21 Jul, 2016

BMW announces M5 Competition Edition with more power than Competition Pack and a production run of 200

Johnson Controls reported record income in its fiscal third quarter for its automotive unit, even as revenue fell 19 percent due in part to the deconsolidation of its interiors business.

Canadian auto supplier Mitchell Plastics plans to invest $20.5 million to build a plant north of Detroit in Sterling Heights, Mich., a move that will create 122 jobs, the state's development arm said.

Technological and design advancements in vehicles haven't reduced the need for drivers to seek roadside assistance and there is new evidence that they actually may be contributing to more calls for help.

Following its $32bn takeover of chip designer ARM Holdings, SoftBank's founder Masayoshi Son is now looking to develop talking cars that can read a driver's emotions.