Visteon Corporation has posted second-quarter sales up 10.5% to US$1.78bn and a net loss of US$155m, although this includes a US$173m loss related to the agreement to sell a majority of the interiors business.
Auto industry executives are still upbeat about China, but their enthusiasm for the other BRIC countries has waned. New markets are in demand -- and are being discovered -- such as Southeast Asia.
News
6 Aug, 2014
Students from Clemson University build BMW X3-based Deep Orange 4 concept that combines X4 looks with pick-up versatility
Like other Tier 1 suppliers, Dana, a major supplier of axles and driveshafts, has been working to strip weight out of its products, says CEO Roger Wood. Meanwhile, he says automakers are working earlier with suppliers on product development.
News
6 Aug, 2014
Hot new BMW X4 looks set to top the range, could be M Performance model badged M40i
Porsche SE increased group profit to EUR1.74bn (US$2.34bn) in the first half of this year, a result significantly influenced by the profit of EUR1.77bn (US$2.76bn) from the investment in Volkswagen AG accounted for at equity. This compares with EUR1.49bn (US$2bn)in the first half of 2013.
Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors model.
Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors model.
News
6 Aug, 2014
Limited edition take on already exclusive, F1-inspired Caparo T1 teased as order books open
Daimler's Mercedes-Benz claimed another sales record in July as it boosted sales 11.3% year on year to 130,003 vehicles. Year to date volume was up 12.6% to 913,523.
Full-sized pickup sales are rebounding to big volumes -- even without the complete return of new-home construction. Through seven months, sales of full-sized pickups in the United States rose 4 percent in an overall market that increased 5 percent.
UK new car sales rose 6.6% year on year to 172,907 units in July, the 29th consecutive month of growth.
PSA/Peugeot-Citroen denied an Indian newspaper report of partnership talks with India's Mahindra and Mahindra to share technology and production facilities.
News
6 Aug, 2014
'MLC' AMG set to get ML63 AMG's 5.5-litre V8 has been spied on test
Visteon reported an 11 percent rise in quarterly revenue and raised its full-year profit forecast as higher vehicle production boosts sales of air conditioning and electronics products.
General Motors has officially opened its new regional headquarters in Singapore. General Motors International will support six key markets - Africa, Australia, India, the Middle East, Southeast Asia and South Korea.
Pirelli's net sales for the six months ended 30 June 2014 were down 3.3% to EUR2.98bn (US$3.99bn) compared with EUR3.09bn in the same period a year ago.
Daimler will acquire an additional 1% stake in Aston Martin, increasing its total holding in the company to 5%.
Tesla Motors said it resolved a trademark dispute in China that threatened to complicate the company's plans to increase sales in the world's largest auto market.
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