Daimler's fourth-quarter operating profit increased 10 percent as new model launches helped the carmaker to raise sales and profit margins at Mercedes. Profit climbed to 2.82 billion euros ($3.2 billion), Daimler said.
Daimler's fourth-quarter operating profit increased 10 percent as new model launches helped the carmaker to raise sales and profit margins at Mercedes. Profit climbed to 2.82 billion euros ($3.2 billion), Daimler said.
Yves Bonnefont, the CEO of PSA/Peugeot-Citroen's upscale DS brand, hopes the unit's sales will eventually represent 10 percent to 15 percent of its parent's annual volumes #8211; up from 4 percent last year.
A consortium of 10 automakers led by Toyota plans to hire an independent engineering firm and a former top U.S. auto safety regulator to investigate a rash of problems with airbags supplied by Takata, the group said.
GM Financial more than tripled its share of parent General Motors' US lease originations in the fourth quarter.
The average fuel economy of light vehicles purchased in the US improved last month for the first time since August, increasing 0.3 mpg, according to a monthly report by the University of Michigan Transportation Research Institute.
European car sales are likely to rise by 2 percent this year, less than half last year's rate of growth, industry association ACEA said. Pent up demand in countries such as Italy and Spain will help boost sales, forecasters say.
The car sales recovery in Western Europe gathered pace in January with a 7 percent gain as southern markets continued to bounce back.
Sales of 11,667 new vehicles set a January record in New Zealand, according to the Motor Industry Association.
Opinion
4 Feb, 2015
Mike Rutherford gives his run-down of some of the contenders for this year’s World Car Awards
The U.S. Department of Justice says it is still pursuing cases tied to the height of the financial crisis in 2008 and using lessons learned from those probes to examine new areas like subprime car loans.
News
5 Feb, 2015
Infiniti will unveil the QX30, a premium compact crossover concept, at the Geneva Motor Show in March
Despite higher revenue and operating profit, Asbury Automotive Group's net income dropped by more than half in the fourth quarter because of a loss on the extinguishment of long-term debt.
General Motors said today it plans to raise its dividend by 20 percent, a move that comes as investors are calling on the auto giant to give them a bigger slice of the company's mounting pile of cash.
Although fourth quarter profits rose year on year, recall costs and other items took a toll on General Motors' full year results as revenues were essentially flat though the automaker remained in the black despite increased losses in Europe and challenges in South America.
Bosch expects about 15% of all new cars built worldwide to have at least a hybrid powertrain by 2025, chairman Volkmar Denner told a conference in Germany.
GM said its fourth-quarter pretax profit rose 27 percent to $2.41 billion, its best fourth-quarter result since the 2009 bankruptcy. But the automaker failed to reduce its losses in Europe as headwinds in Russia hit its business.
GM failed to reduce its losses in Europe in the fourth quarter as headwinds in Russia hit its business, but the automaker reiterated its goal of returning its European operations to profit in 2016.
General Motors said its fourth-quarter pretax profit rose 27 percent to $2.41 billion, its best fourth-quarter result since the 2009 bankruptcy, thanks to stronger pricing across its major markets and stout pickup and SUV sales in North America.
Valeo has opened an INR1bn (US$16.2m) factory in Sanand, Gujarat, to manufacture temperature control products for passenger cars.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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