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Feb
4th

First look at Infiniti QX30, set to take on BMW X1

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Infiniti QX30 Concept teaser
News 5 Feb, 2015

Infiniti will unveil the QX30, a premium compact crossover concept, at the Geneva Motor Show in March

Feb
4th

Asbury’s Q4 net income falls on financing charge; operating income up 15%

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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.
Feb
4th

GM to raise dividend, hints more for investors could come later this year

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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.
Feb
4th

US: GM stays in profit but not as much

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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.
Feb
4th

GERMANY: Bosch sees 15% hybrid share by 2025

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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.
Feb
4th

GM fails to reduce European losses

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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.
Feb
4th

GM boosts Q4 profit; fails to reduce Europe losses

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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.
Feb
4th

GM Q4 pretax profit surges to $2.4 billion on strong pricing, truck sales

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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.
Feb
4th

INDIA: Valeo sets up facility in Gujarat; sixth in country

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Valeo has opened an INR1bn (US$16.2m) factory in Sanand, Gujarat, to manufacture temperature control products for passenger cars.
Feb
4th

US: Connecticut selects Allison hybrid-equipped buses for new transit system

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Connecticut has selected Allison hybrid-equipped buses for the State's new bus-only expressway system, CTfastrak.
Feb
4th

US: New jobs mean new wage deal for some at Ford

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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.
Feb
4th

Mazda profits dinged by lower-margin models, higher taxes

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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.
Feb
4th

US: Lear reacts swiftly to Marcato letter

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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.
Feb
4th

Ford intensifies self-driving research in Europe

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Ford announced research collaborations in Germany and the UK to look at future mobility and autonomous driving solutions.
Feb
4th

2015 Cholmondeley Pageant of Power revs up

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Lamborghini Countach Cholmondeley
News 4 Feb, 2015

Tickets go on sale for celebration of motorsport and speed starting on 12th June, with new 1,000bhp+ track class

Feb
4th

Volvo sales rise 2% in January for 19th month of growth

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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.
Feb
4th

FRANCE: Renault-Nissan Alliance sales up to record in 2014

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The Renault-Nissan Alliance sold a record 8,470,610 vehicles in 2014 boosted by higher sales in the US and Western Europe.
Feb
4th

US: Best January since 2001 for light vehicle sales

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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.
Feb
4th

BMW will use Indian suppliers for some local parts

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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.
Feb
4th

JAPAN: Weaker yen gives Toyota a profit lift

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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.
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