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Oct
22nd

Dealers fume over new Edmunds videos that spoof price haggling

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New YouTube ads from Edmunds.com have provoked a backlash. Some dealers say the four videos perpetuate stereotypes of dealers as unscrupulous bargainers; Edmunds says the ads are simply spoofs intended to show that customers dislike haggling.
Oct
22nd

Toyota says potential Mexico plant still far from approval

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Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management.
Oct
22nd

Gentex reports 30% surge in Q3 net income

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Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent.
Oct
22nd

Delphi explores sale of thermal unit for as much as $1 billion, report says

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Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg.
Oct
22nd

JAPAN: Takata shares recover after airbag recall charge update

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Takata Corporation, the Japanese maker of air bags at the centre of an auto industry-wide safety crisis, has recovered from its biggest-ever drop in Tokyo share trading after saying additional charges related to recalls would be small.
Oct
22nd

GERMANY: Next Audi A8 will be ‘autonomous’-capable

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The next-generation Audi A8 will be able to drive itself.
Oct
22nd

FRANCE: PSA on course to hit targets ahead of schedule

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PSA Peugeot Citroen could reach its cashflow target two years early thanks to better than expected growth at its growth at its Faurecia parts unit which contributed to an unexpected increase in third quarter revenue.
Oct
22nd

BMW to lower mpg ratings on 4 Mini Cooper models

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BMW is lowering the estimated fuel economy labels on four 2014 Mini Cooper models after tests by the EPA, the agency said today.
Oct
22nd

SWEDEN: Volvo looks to double output by 2020

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Volvo says it is looking to double its market share to 2% in order to offer an alternative to German brands.
Oct
22nd

THAILAND: Sales fall further in September

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Thailand's new vehicle market continued to plummet in September, with sales falling by 27.5% to 68,843 units compared with 94,859 units in the same month of last year, according to data released by the Federation of Thai Industries.
Oct
22nd

Why Daimler doesn’t share investors’ love affair with Tesla

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Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker.
Oct
22nd

Valeo’s Q3 sales rise 10% on fuel-saving technologies

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French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.
Oct
22nd

Valeo’s third-quarter sales rise 10% on fuel-saving technologies

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French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.
Oct
22nd

Federal-Mogul posts Q3 loss on moving, restructuring costs, but revenue up 11%

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Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs.
Oct
22nd

Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

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Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs.
Oct
22nd

Mazda 6 sets 137mph endurance record

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News 22 Oct, 2014

The Mazda 6 has set a new high-speed endurance record over a 24-hour run

Oct
22nd

GERMANY: Daimler restructures Tesla cooperation

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Daimler said it had reorganised its cooperation with Tesla Motors by terminating the share-price hedge it initiated in 2013 and selling its Tesla stake of about 4% without affecting the cooperation between the two on automotive projects.
Oct
22nd

JAPAN: Mitsubishi revises fiscal H1 forecasts

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Mitsubishi Motors Corporation (MMC) has revised its consolidated forecasts for the first half of fiscal 2014 (to 30 September, 2014) from the previous forecasts announced on 24 April, 2014.
Oct
22nd

SWEDEN: FKG looks to January for Iran supplier visit

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Scandinavian automotive supplier body, FKG, is confirming it will look to lead a supplier delegation to Iran early next year as a thawing diplomatic environment continues to take shape.
Oct
22nd

UK: First nine months “mark six year car production high” – SMMT

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Automakers in the UK have boosted output in the calendar year to date to the highest level since 2008, producing 1,132,017 units - up just 0.6% year on year.
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