Auto News 5

Schaeffler has unveiled 2018 net income down 10% to EUR881m (US$992m), while at constant currency, revenue rose 4% to EUR14.2bn.

Volkswagen is still exploring options for building a new car factory in eastern Europe, and hasn't made any decision yet, Mark Langendorf of the group's communications department said in an interview with Serbian newspaper Blic, according to Romanian media reports.

Schaeffler's supervisory board has reshuffled the executive board to consist of eight managing directors and four regional CEOs who are "younger and more international" though with "many years of experience within the [group]".

Britain's Road Haulage Association (RHA) says it is "deeply concerned at the complete and utter lack of clarity," which remains with regards to the border crossing process to the European mainland and beyond.

For the second month in a row, the high-margin Range Rover Sport was Jaguar Land Rover's worldwide best seller. And with the exception of China, both brands delivered strong sales results in February.

West European car registrations fell 1.6% year-on-year in February, according to data released by LMC Automotive. However, it also said the annualised selling rate - SAAR - picked up to 14.9m units a year in the month, up from 14.4m units a year in January.

Toyota Motor has suggested it could end UK production as early as 2023 if the country leaves the European Union without a deal on the terms of its departure, the Nikkei reported.

Toyota has denied media reports earlier this week which suggested it could end UK production as early as 2023 if the country leaves the European Union without a deal on the terms of its departure.

Mitsubishi Electric Corporation says it will start construction of a new plant on the premises of its subsidiary, Mitsubishi Electric Automotive Czech (MEAC) in Slaný, Czech Republic.

The Geely/Volvo Cars owned Polestar brand has warned that the launch of its new fully electric model in the US could be jeopardised by trade tariffs.

Groupe Renault UK has appointed Jean-Philippe Roubes as Customer Experience and Dealer Network Development director.

Hyundai will close its oldest plant in China as early as next month due to plummeting sales in the world's biggest market, South Korean media reported.

News 7 Mar, 2019

Tesla has released its latest charging system, capable of delivering 75 miles of range in 5 minutes

Japan's new vehicle market edged up by 1.2% to 479,428 units in February from weak year-earlier sales of 473,876 units, according to registration data released by the Japan Automobile Manufacturers Association.

The global economy is slowing and major risks persist, with growth weakening much more than expected in Europe, according to the OECD's latest economic outlook report.

News 6 Mar, 2019

Gumpert unwrapped the world’s first methanol-electric supercar at Geneva this year, with a claimed maximum power output of 539bhp

News 6 Mar, 2019

The BMW i3 is entering its seventh year of production, but the electric car will continue to be produced with further updates planned

News 6 Mar, 2019

Future BMW M cars could use tech developed by the firm's i electrification team to boost performance