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.
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.
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.
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.
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.
News
5 Feb, 2015
Kia plans to showcase a new electric, all-wheel drive SUV concept at the 2015 Chicago show
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...
Delphi Automotive reported earnings that slightly beat Wall Street expectations on strong performance of its electronics and safety systems as well as powertrain businesses.
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.
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.
News
5 Feb, 2015
New wave sees vehicle crime rise by eight per cent in London with BMW, Land Rover, Ford and Mercedes targeted
News
5 Feb, 2015
MINI Sport pack brings racy styling additions, extra equipment and sports suspension from £3,300
Ontario's government sold its last remaining General Motors shares acquired during the automaker's 2009 bailout, saying it would invest the $875 million of proceeds in an infrastructure fund.
Japanese carmakers including Honda and Subaru are shipping some auto parts to the US by air to bypass a labor dispute at West Coast ports that is delaying deliveries.
Ford CEO Mark Fields said rising pension costs and Russia's sales slump led the automaker to scrap its profit target for Europe.
A former Takata engineer has told a US congressional committee he's willing to testify that he warned of deadly consequences before the company chose a design for airbags that were later recalled due to lethal flaws.
Despite record sales of 2.5m vehicles with a 10% rise in revenue, Daimler group EBIT was flat at EUR10.8bn for 2014 and net profit dipped EUR1.5bn. Operating EBIT rose EUR2.1bn, however.
France will gradually align taxes on diesel and gasoline and offer a bonus of up to 10,000 euros ($11,422) to consumers who buy an electric car to replace an old diesel vehicle.
UK new-car registrations rose by 7 percent in January to their highest level for that month since 2007, but industry watchers expect growth to slow during the rest of the year.
News
5 Feb, 2015
British firm Morgan teases “new supercar” for Geneva; could be new Aeromax or Supersports model
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