Nissan reported a 29 percent decline in operating profit in the most recent quarter as foreign exchange rate losses and rising commodity costs combine with falling sales in the United States and Europe.
Operating losses in Nissan's European unit widened to $43 million in the automaker's fiscal first quarter. The company's vehicle sales in the region declined 13 percent.
News
26 Jul, 2018
Mazda’s best selling car in Britain - the CX-5 - gets an automatic petrol and a more powerful diesel engine
Daimler-owned free-float carshare company car2go has officially launched in Chicago, marking the company's 25th global city. car2go says that Chicago is a city ideally suited for flexible one-way carshare.
Daimler and Baidu have signed a Memorandum of Understanding (MoU) to enhance and deepen their partnership through joint automated driving and connectivity projects, including further strengthening their collaboration through Baidu's Apollo open platform.
Daimler has said that China import tariffs on vehicles shipped from its US plant have dented its second quarter financial results.
PSA Group, the maker of Peugeot and Citroen cars, surpassed French archrival Renault in stock-market value for the first time in almost a decade after PSA unveiled record profitability Tuesday.
Valeo says its operating margin for this year "might be slightly below" that of 2017 (7.8% of sales) as emissions tests become stricter and as the French supplier posted first-half profit down 10% to EUR543m
Daimler's German work force will seek to defend local jobs if the luxury carmaker attempts to shift some production to the U.S. in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters.
Escalating trade tensions and Brexit are taking a toll on Jaguar Land Rover in the credit market, where the cost of insuring the company's bonds has more than doubled this year.
Ford has reported second quarter profit down on last year as it felt the effects of disruption at a key supplier to its F-150 pickup range in North America. It also said that it faced 'ongoing challenges' in China's market and cut its 2018 profit forecast.
Daimler's second-quarter profit fell 30 percent because of weaker pricing at Mercedes-Benz Cars, currency headwinds and tariffs from a global trade dispute.
Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new WLTP emissions test standards in Europe hit vehicle sales.
Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit vehicle sales.
A German industry group said skepticism remains after President Trump agreed to refrain from imposing car tariffs while the U.S. and EU negotiate to cut trade barriers.
A German industry group said skepticism remains after President Trump agreed to refrain from imposing car tariffs while the U.S. and EU negotiate to cut trade barriers.
The compact A-class sedan, targeted at millennial buyers, will nudge out the CLA as Mercedes' entry-level product in the U.S. The A class is expected to be priced in the low $30,000s.
The SEC has reached out to a former Tesla employee who filed a whistleblower claim with the regulator and accused the carmaker of making misstatements and omissions to investors.
Ford lowered its full-year earnings forecast due to challenges overseas and said CEO Jim Hackett's global restructuring efforts could result in charges totaling $11 billion over the next three to five years.
Ford lowered its full-year earnings forecast due to challenges in Europe and Asia. The automaker swung to a loss in Europe in the second quarter.
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
The latest auto news, reviews, prices, product and vehicle releases. 