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EXECUTIVE EDITOR BOB GRITZINGER: The 2012 Kia Soul ! strikes me like the exact vehicle
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Oct
31st
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BorgWarner has reported third quarter 2012 net earnings of US$0.85 per share. Adjusted, the profit was a record $1.19, a new third quarter record. Sales slipped 5% to $1,695m.
Oct
31st
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31st
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Both Mitsubishi and Subaru have slashed their second fiscal half year sales targets in Japan by over 50% amid the continuing territorial dispute over the Senkaku/Diaoyu islands in the East China Sea.
Oct
31st
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Aisin Seiki net income in the first half of fiscal 2012/3 soared 241.5% to JPY41.2bn (US$517m). Operating income rose 229.8% to JPY84.5bn and sales of JPY1,291bn compared to JPY1,016bn a year ago.
Oct
31st
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Mitsubishi Electric net income in the second fiscal quarter decreased 69% year on year to JPY13.1bn (US$164.5m) and operating income fell 30% to JPY43bn on sales off 2% to JPY913.2bn.
Oct
31st
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General Motors has posted third quarter net income down 12% year on year from US$1.7bn to US1.5bn.
Oct
31st
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Denso's first fiscal half sales rose 23% to JPY1,733.1bn (US$22.3bn). Operating income soared 328% to JPY136.3bn. Net income was up 235% to JPY78.1bn.
Oct
31st
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Maruti Suzuki's Manesar plant has resumed production of Nissan's Pixo. Output of Nissan's entry level hatchback for Europe was affected by the month-long violent riots at the plant.
Oct
31st
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Fiat CEO Sergio Marchionne denied a report that he approached PSA and General Motors Co. earlier this month about a pan-European combination that would leapfrog Volkswagen as the region's largest automaker.
Oct
31st
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General Motors posted $1.48 billion in net profits during the third quarter despite wider losses in Europe, where the company now vows to break even by the middle of this decade.
Oct
31st
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Rival US car buyers guides Edmunds.com and TrueCar.com are barely 5,000 units apart in their forecasts for October 2012 new car sales - Edmunds' crystal ball said 1,132,878 new cars would be sold for an estimated Seasonally Adjusted Annual Rate (SAAR) of 14.8m light vehicles, the second-highest monthly SAAR this year (behind September's 14.9m) and the best October since the 16.1m in 2007.
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31st
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Volkswagen's troubled, loss-making Spanish unit SEAT spent EUR800m on R&D and production facilities ahead of the start of production of the redesigned Leon hatchback at its factory in Martorell, near Barcelona, Spain.
Oct
31st
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September saw the first fall in a year in car production in Japan - off 12.4% year on year to 773,990 units according to JAMA, the country's carmakers' association.
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