Auto News 5

FCA has reported net profit from continuing operations for Q3 at EUR0.8 billion, Adjusted net profit of EUR0.9 billion, Adjusted EBIT of EUR1.5 billion, margin at 5.7%. Full-year guidance is confirmed, the company said. 

Goodyear is collaborating with mobility company, Priva, to provide tyre monitoring capabilities.

News 2 Nov, 2019

Barrow-in-Furness Borough Council is the only local authority without any council-owned public EV chargers whatsoever

This week was dominated by the news of a merger proposal for PSA and FCA.

Sales of new vehicles in southeast Asia's six largest markets combined continued to weaken in the third quarter of 2019, with sales falling by 6.3% to 851,820 units from 908,913 units sold in the same period of last year. This follows a negative second quarter for the market and brings the nine-month year-to-date total to 2,538,718 units - 2.4% lower than the 2,600,737 units sold in the same period of last year.

Hyundai Motor this week moved to strengthen the management of its Chinese operations to help revive its sales in the world's largest vehicle market.

Researchers at The Pennsylvania State University in the USA claim to have developed a process which dramatically speeds up recharging of electric vehicle batteries.

Toyota has said it is ready to produce electric vehicles at its plant in Indonesia to support the government's target for these vehicles to account for 20% of passenger vehicle production in the country by 2025.

News 2 Nov, 2019

The short wheelbase Land Rover Defender 90 will deliver the Webb Ellis Trophy to the 2019 Rugby World Cup final

In a sign of further management shake-up at Nissan, the company has appointed American Stephen Ma as its next chief financial officer and said Hitoshi Kawaguchi and other veteran executives were stepping down.

Gestamp has posted third-quarter net profit down 10% to EUR28m (US$31m), while revenue rose 8.7% to EUR2.1bn.

Iveco has announced the appointment of Thomas Hilse as Brand president effective 1 November.

AutoVitals has secured investment from Tritium Partners.

The Volkswagen brand says it is boosting its e-mobility offensive in China. Next year, about 300,000 electrified models are already to be handed over to customers.

Tenneco has recorded third-quarter net income up 23% to US$70m, while revenue rose 82% to US$4.3bn, including US$1.8bn from acquisitions.

To improve the safety of autonomous systems, MIT engineers have developed a system that can sense tiny changes in shadows on the ground to determine if there's a moving object coming around the corner.

ATC Drivetrain has launched a joint venture with Luwote (Zhangjiagang) Power Remanufacturing Technology in Zhangjiagang, China.

Dana has reported third-quarter net income up 17% to US$111m, while sales rose to US$2.16bn compared to US$1.98bn.

Ford has reached a proposed tentative agreement with the UAW on a new labour contract for its US workforce.