Honda cut its full-year net profit forecast by a fifth after sales in China were hit by a popular backlash against Japanese goods, and warned it could be February before business in the world's biggest autos market returns to normal.
Ford's planned decision to shut its Belgian operations in Genk and the Transit site at Southampton, as well as axe stamping and tooling at Dagenham, are the inevitable consequence of the plunging fortunes of Europe says The Society for Motor Manufacturers and Traders (SMMT).
News
29 Oct, 2012
The Government is considering a two-tier VED, with those driving only on smaller roads paying less
BMW could endure a 30 percent slump in sales without posting losses or having to lay off staff thanks to an anti-crisis package agreed between staff and management, a German magazine reported.
General Motors hopes to increase control of its South Korean car manufacturing unit, GM Korea, according to local reports.
Ford of Europe insists last week's announcement of its planned closure of its Genk, Belgium and Southampton, UK, plants as well as the axing of tooling and stamping work at Dagenham, is 'absolutely necessary.'
Chrysler has clarified its position on the possible transfer of Jeep output for China to that country after some earlier reports led to misleading claims in the media it was planning to shift all Jeep production to China. It insisted Jeep was "simply reviewing the opportunities to return Jeep output to China for the world's largest auto market".
Honda Motor boosted operating profit for the fiscal second quarter to 30 September 2012) 92.1% to JPY100.8bn after vehicle sales rose, mainly in North America and Japan, as it finally recovered from the impact of last year's Japanese earthquake. The automaker also cited strong sales of new models and an increase in motorcycle sales, mainly in India.
Hyundai Motor boosted net profit 17.4% year on year to KRW7.16 trillion in the nine months to 30 September from a year earlier, while operating profit rose 14.8% to KRW9.07 trillion.
Valeo and V Johnson Enterprises have formed a joint venture known as Detroit Thermal Systems (DTS) to acquire the climate control business of Automotive Components Holdings (ACH), currently located in its Sheldon Road plant in Plymouth Township, Michigan.
Digital boss Andy Stoy recently passed along this little piece of nearly forgotten
Grown-ups who are still kids at heart should stop by the Chevy display at the 2012 SEMA show in Las Vegas.
Magna International unit Magna Exteriors and Interiors (MEI) has officially opened its new operation in the Ford plant at Craiova, Romania.
Tyre maker Goodyear said third quarter 2012 sales were down 13% to $5.3bn as a result of tyre sales down $592m and $258m in foreign currency costs. Tyre unit volume slipped 12% to 41.8m due mainly to weaker sales in Europe.
Fiat CEO Sergio Marchionne set a target in 2010 to sell 6 million cars annually by 2014, a goal that analysts judged impossible to achieve. They were right.
There's no Blue Book value for pigs, cows or maple syrup. But Gardner Stone has taken all of those as trade-ins from customers of his Ford and GMC dealership in rural Vermont. He boldly claims the business, G.
In promoting Doug Murtha, Scion now has a laid-back, 46-year-old Angeleno whose Toyota career has focused on product planning, mostly involving Japan-sourced vehicles.
Connected-vehicle technology is meant to bring a dramatic reduction in traffic fatalities by helping drivers avoid the types of crashes that most often cause them: collisions in intersections, or while changing lanes, or rear-ending stopped cars.
A Mitt Romney White House could reverse Obama administration support for higher fuel-economy standards and electric vehicles. If the son of former American Motors chief George Romney defeats President Obama on Nov.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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