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Delphi Automotive said sales of advanced vehicle-safety systems would jump 50 percent annually for the next several years.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Feb
5th
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Ford on Thursday said it was completing a US$2.6bn spend at in its Valencia, Spain, factory, transforming it into what it claimed as "one of the world's most advanced, flexible and productive auto plants". But the unmentioned cost was the closure, at the end of 2014, of Ford's Belgian plant in Genk which used to produce some of the model lines now made at Valencia.
Feb
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Jeff Brown, newly promoted to CEO of Ally Financial, got more specific today about Ally's plans to increase its mix of below-prime loans.
Feb
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Bentley's vehicle sales this year likely will be lower than last year, said Kevin Rose, the brand's sales and marketing chief, as economic uncertainties and the slump in oil prices leave consumers more cautious about luxury purchases.
Feb
5th
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Bentley's vehicle sales this year likely will be lower than last year, said Kevin Rose, the brand's sales and marketing chief, as economic uncertainties and the slump in oil prices leave consumers more cautious about luxury purchases.
Feb
5th
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Delphi has posted fourth quarter revenue up 3% to US$4.2bn, while full-year earnings also rose 3% to US$17bn.
Feb
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Ford will boost output at its plant in Valencia, Spain, by 40 percent to 400,000 units this year as it adds production of the Mondeo midsize model, along with the S-Max and Galaxy minivans.
Feb
5th
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Ford will boost output at its Valencia plant in Spain by 40 percent to 400,000 units this year as it adds production of the Mondeo midsize model, along with the S-Max and Galaxy minivans.
Feb
5th
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Toyota has agreed to pay 1.24 billion yuan ($200 million) to distributors for one of its Chinese joint ventures, according to the state-backed auto dealers group.
Feb
5th
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Airbag maker Takata Corporation has booked an 'extraordinary loss' of JPY53.1bn in the thrid quarter, related mostly to costs associated with ongoing inflator recalls affecting 25m vehicles worldwide.
Feb
5th
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Tata Motors' quarterly profit fell as deliveries at its Jaguar Land Rover unit declined. Jaguar Land Rover's free cash flow could be negative this year as it expands its product lineup with new cars such as the Jaguar XE, Tata warned.
Feb
5th
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Tata Motors' quarterly profit fell as deliveries at its Jaguar Land Rover unit declined. Net income fell to 35.8 billion rupees ($580 million) in the quarter ended Dec. 31, Tata said.
Feb
5th
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Takata, the Japanese airbag maker at the center of a safety crisis, widened its loss forecast for this fiscal year as automakers led by Honda expanded recalls to investigate the cause of malfunctions.
Feb
5th
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The cost of General Motors' massive ignition-switch recall will cut into executives' bonuses for last year, even as UAW members' profit-sharing payments exclude those billions, said two people familiar with the matter.
Feb
5th
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General Motors, which has come under media, congressional and courtroom scrutiny over fatalities caused by flawed ignition switches, is defending 104 death and injury lawsuits brought by those who blame accidents on defects in the company's...
Feb
5th
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Delphi Automotive reported earnings that slightly beat Wall Street expectations on strong performance of its electronics and safety systems as well as powertrain businesses.
Feb
5th
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Group 1's fourth-quarter adjusted net income rose 41 percent to a record $41 million, on an 11 percent rise in revenue, the nation's third-largest auto retailer said today.
Feb
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Daimler will launch a new efficiency program at its Mercedes cars unit to dampen the acceleration in its growing cost base as the company seeks to achieve record vehicle sales, revenue and profits for 2015.
