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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Jul
24th
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General Motors' European operations are moving slowly in right direction towards a target of hitting profit by mid-decade reporting a second quarter EBIT-adjusted loss of US$300m, which included US$200m for restructuring costs.
Jul
24th
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Honda plans to make India its export hub for manual transmissions.
Jul
24th
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BMW has launched its ActiveHybrid 7 sedan in India for INR13.5m (US$224,952), reported Press Trust of India.
Jul
24th
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Brembo plans to construct a cast iron foundry near its Homer brake and caliper manufacturing plant in Michigan, reported Tire Business.com.
Jul
24th
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The heavy cost of General Motors' unprecedented slew of safety recalls during the second quarter wiped out most of its profits, erasing the fruits of strong truck pricing in North America and sales growth in China.
Jul
24th
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General Motors posted an 85 percent drop in second-quarter net income, hurt by recall-related expenses in the United States and restructuring costs in Europe.
Jul
24th
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UK engine output slipped 0.9% to 1.3m units in the first half of 2014, the Society of Motor Manufacturers and Traders said.
Jul
24th
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ZF is considerably expanding its headquarters for China and Asia-Pacific in Shanghai: the space for offices, laboratories, and test benches will almost be quadrupled from 11,000 sq m to 54,000 sq m.
Jul
24th
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Jul
24th
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Ford has boosted second quarter pre-tax operating profit US$44m to $2.6bn and net income $78m to $1.3bn as wholesale volume and company revenue slipped 1%. And it's finally back in pre-tax profit in Europe for the first quarter in three years.
Jul
24th
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Bentley expects 2014 deliveries to be lower than previously forecast as the carmaker is hit by the crisis in Ukraine and Russia and struggles to maintain high sales growth in China.
Jul
24th
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Bentley expects 2014 deliveries to be lower than previously forecast as the carmaker is hit by the crisis in Ukraine and Russia and struggles to maintain high sales growth in China.
Jul
24th
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Hyundai Motor has reported a 6.9% decline to net income in the second quarter, its bottom line dragged down by the stronger won.
Jul
24th
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Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years.
Jul
24th
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Ford posted a second-quarter pre-tax profit of $2.6 billion, boosted by its first quarterly profit in Europe in three years and record quarterly earnings in North America.
Jul
24th
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Unlike car output, UK commercial vehicle production continued to decline in June, reflecting 2013 "structural changes", the Society of Motor Manufacturers and Traders said.