New Jersey Gov. Chris Christie said during Wednesday's Republican presidential debate that he would have prosecuted the GM employees responsible for the company's ignition-switch crisis.
Delphi Automotive cut its annual profit and sales forecasts to below analysts' estimates as China's vehicle market slows.
News
29 Oct, 2015
MG Motor UK confirms its attendance at Battersea Park show in May 2016
Delphi has reported its third-quarter net income up 32.4% on last year at $404m as it continued to enjoy volume growth in North America and Europe. However, the company also reported Q3 revenue down 3% at $3.6bn, which it said reflected unfavourable currency impacts.
Volkswagen believes that up to around 20 people were involved in its rigging of diesel-engine emissions tests, a person familiar with the matter said on Thursday.
Johnson Controls posted lower net income from continuing operations for the fiscal fourth quarter on Thursday, largely due to the sale of a business segment.
VW believes that up to 20 people were involved in its rigging of diesel-engine emissions tests, Reuters reported.
News
29 Oct, 2015
Mazda will "take lightness to the extreme" with windscreen-less Speedster and retro Spyder MX-5 concepts at SEMA 2015 in Las Vegas
Data released by ACEA shows that in the third quarter of this year, total alternative fuel vehicle registrations in the EU increased (+13.4%), reaching 127,661 units. There was a particularly big rise for electric vehicles.
While not actually setting out Volkswagen Group's new mid-term strategy, new CEO Matthias Müller has outlined five key steps to "realign the VW Group" and effectively replace the current company strategy, in the wake of the company's current crisis.
Automotive supplier BorgWarner lowered its forecast for 2015 profits as its biggest customer, Volkswagen, suffers from lower sales following violations of diesel emissions tests.
Swatch Group CEO Nick Hayek is considering an initial public offering for the clean-power unit that builds batteries for electric cars as Volkswagen's diesel emissions violations boost interest in energy-efficient technology.
A UK government minister has made remarks raising the possibility that Volkswagen Group will have to compensate drivers for lower resale values on models affected by the company's diesel emissions scandal and subsequent recall.
Hanon Systems, a provider of thermal solutions in automotive, plans to start production at a new plant in Monterrey, Mexico, to support the company's growth strategy and support major customer Kia.
Ally Financial's third-quarter profit fell 37 percent as it earned less money from its core auto lending and dealer financing operations.
Features
29 Oct, 2015
The Tokyo Motor Show threw-up some great cars in 2015 and these are the best of them according to the Auto Express team
Brussels' Joint Research Centre has inaugurated a laboratory for evaluation of the next generation of electric cars and smart grids.
Gestamp is to establish a new EUR14.3m (US$15.6m) laser cutting plant in Álava and located at the Arasur industrial complex in Ribavellosa, employing 100 people.
Penske Automotive Group reported third-quarter net income rose 17 percent on higher vehicle sales and strong revenue from finance and insurance, and service and parts operations.
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