Auto News 5

The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant.

Last year was a robust one for the auto-auction business, both in vehicles sold and prices paid. National Auto Auction Association member auctions sold 9.3 million vehicles in 2015, up 6.

Delphi has reported first quarter results that beat Wall Street analyst expectations as revenues grew 7% on strong vehicle production schedules in its major operating regions.

U.S.

Two top manufacturing executives are leaving Tesla Motors, including the global head of production, at a time when the electric-car company is preparing to launch its most important car: the mass-production Model 3.

Nissan Motor has said it will recall 3.53m vehicles, most in the United States, due to passenger side air bags that may not work properly because vehicle sensors may fail.

British car manufacturing continued its strong growth in March with output increasing 9.8% to 159,074 units, according to the Society of Motor Manufacturers and Traders (SMMT).

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Credit Acceptance Corp. received a subpoena from the Maryland attorney general regarding the subprime auto lender's repossession and sales policies.

Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.

NextEV and the Nanjing Municipal Government have signed a partnership agreement to build a RMB3bn (US$462m) plant for the development and production of high-performance motors, as well as electronic modules in the Nanjing Economic and Technological Development Zone.

Daimler is to plough around EUR500m (US$575m) in a new engine production facility in Poland, creating several hundred new jobs.

March 2016 was another positive month for European new car registrations, ending a strong first quarter which saw sales of 3.93m units, up by 8.1% year on year, according to analysis by JATO Dynamics. Although volumes grew at a slower rate (+5.6%) than recorded in February 2016 (+13.8%), positive results in 23 of the 29 markets analysed meant growth continued. YTD figures showed gains in 26 markets, with 16 of them posting double-digit growth. The March SAAR was 14.98m units.

Beijing Automotive Industry Holding Company (BAIC) has told reporters in China it plans to build a full size vehicle assembly plant in Port Elizabeth, South Africa, at a cost CNY5bn (US$770m).

The world's largest automotive safety recall is about to get even bigger, adding to the hurdles that Japanese airbag supplier Takata is battling to survive the crisis.

The Google Self-Driving Car Project and FCA have announced a claimed first-of-its-kind collaboration to integrate Google's self-driving technology into redesigned 2017 Chrysler Pacifica Hybrid minivans to expand Google's existing self-driving test programme. This is the first time Google has worked directly with an automaker to integrate its self-driving system, including its sensors and software, into a passenger vehicle.

Brembo says it has conducted the first pour at its new cast iron foundry recently completed in Homer, Michigan.

Electric vehicle-charging network ChargePoint said on Tuesday it had received an additional $50 million in funding to allow the Silicon Valley company to expand beyond its current 27,000 public charging stations.