Delphi Automotive reported third quarter 2012 revenues of US$3.7bn, a decrease of 6.8% from the prior year period, the result of further reductions in European production and a significant weakening of the euro and Brazilian real. Net income of $269m and diluted earnings per share of $0.84, compared to $266m and $0.79 the previous year.
Nissan Motor has confirmed media reports late last month it plans to spend THB11bn (US$358m) on a second assembly plant in Thailand.
Toyota executive vice president Satoshi Ozawa said on Monday the automaker would never change its strategic decision to keep annual domestic production at 3m units.
Two lightweight two-seat sports cars, likely to be on sale in 2015 or 2016, will be the first output of a joint venture between French automaker Renault and U.K.
Following the signing of a deal on Monday to sell PSA's 75 percent stake in Gefco to Russian Railways for 800 million euros ($1.03 billion), the carmaker's CEO Phillipe Varin said the company was not planning any further asset sales.
GM and Ford reported gains in sales in the world's largest auto market last month as Chinese consumers shunned Japanese brands amid a territorial dispute between the two countries.
Electric car maker Tesla Motors said it was on track to reach an annual production rate of 20,000 for its Model S sedan in December, sending its shares up nearly 9 percent.
Renault says new sports models carrying the Alpine name from the joint venture announced today (5 November) with Caterham Group, could leave the Dieppe production line within three to four years.
Tata Motors' luxury car unit Jaguar has been explaining why it is upgrading the 2.2-litre diesel engine in the XF after only a year, a move which could potentially annoy some existing owners.
After spending GBP185m on its UK manufacturing and supply chain for new Auris, and recruiting 800 temporary production apprentices, Toyota's English manufacturing unit Toyota Motor Manufacturing UK (TMUK) has marked the official start of production of the all-new Auris - Europe's version of the Corolla - at its Burnaston factory, near Derby.
Renault and UK sports car maker Caterham Group will form a joint venture to develop sports cars and plan to launch one model each within four years. The deal will revive Renault's Alpine sports car brand, which ceased production in the 1990s.
Renault and UK sports car maker Caterham Group will form a joint venture to develop sports cars and plan to launch one model each within four years. The deal will revive Renault's Alpine sports car brand, which ceased production in the 1990s.
News
5 Nov, 2012
Joint venture will see Renault and Caterham producing two new sports cars
Faurecia has signed an industrial partnership agreement with Mitsubishi Chemical Corporation to co-develop bioplastics designed for mass-production for use in automotive interiors.
Italy joined France and Spain in reporting a monthly drop in new-car sales in October as deliveries fell 12.3 percent to 116,875 vehicles.
Call this the gathering of cars you're amazed even started. Yet, there were over 300 of them by 11:00 a.m., spread all over the lawn and under the trees in Woodley Park in Van Nuys, Calif. for the annual
Heated and cooled seat specialist Gentherm, formerly Amerigon, has unveiled third quarter net income attributable to common shareholders of US$2.6m.
Toyota has posted first half fiscal year results from April to September with net income rising to JPY548.2bn (US$6.9bn), sales up by nearly 1.5m units and revenue soaring 36%.
Toyota raised its full-year net profit forecast by 2.6 percent to 780 billion yen ($9.7 billion) after July-September net profit more than tripled to 257.9 billion yen on solid vehicle sales in North America and Southeast Asia.
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