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 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.
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.
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.
Connecticut has selected Allison hybrid-equipped buses for the State's new bus-only expressway system, CTfastrak.
Ford said it would add 1,550 new jobs across its Kansas City assembly, Dearborn stamping, Dearborn diversified and Sterling axle factories in the first quarter of 2015 due to demand for the redesigned F-150 truck. It will also move some workers off the lower of two wage tiers agreed with the UAW union in the last bargaining round.
A higher tax bill and a sales mix of richer in lower-margin models undercut profits at Mazda in the October-December quarter, despite rising global volume.
Lear Corporation has responded to a letter from investor Marcato Capital Management in which, according to media reports, the financier suggests the supplier be split in two.
Ford announced research collaborations in Germany and the UK to look at future mobility and autonomous driving solutions.
News
4 Feb, 2015
Tickets go on sale for celebration of motorsport and speed starting on 12th June, with new 1,000bhp+ track class
Volvo said vehicle sales rose 2 percent in January, marking the 19th consecutive month of growth. Deliveries were up in western Europe, China and the United States.
The Renault-Nissan Alliance sold a record 8,470,610 vehicles in 2014 boosted by higher sales in the US and Western Europe.
Late month winter storms couldn't stop US light vehicles sales. Automakers enjoyed the highest January sales volume since 2001, delivering more than 1.15m new cars and light trucks.
BMW's India unit said it will partner with seven domestic suppliers to source components for local production of cars at its Chennai plant in southern India.
Toyota has raised its operating profit guidance for the current fiscal year due to a boost in the value of the company's overseas business provided by the weaker yen. The improved outlook comes in spite of weak demand conditions inside Japan.
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