Ford booked 2010 pretax operating profit of $US8.3bn, up exactly that amount year on year, on revenue up $17bn to $120.9bn. Net income was up $3.8bn to $6.6bn ($1.66 a share). A drink, Mr Mulally?
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VW may bring back the Scirocco coupe and Phaeton sedan to the U.S. as it aims to triple sales in the world's second-largest car market. VW targets sales of 1 million vehicles in the U.S. by 2018 to close the gap with Toyota and GM.
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Ford today posted a $6.56 billion profit for 2010, its highest annual net income in more than a decade, fueled by improved products and pricing.
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Fiat-Chrysler will increase sales by 12 percent to more than 4 million vehicles this year, Sergio Marchionne, who is CEO at both automakers, said Thursday. This year Marchionne expects Fiat S.p.A. to sell between 2.2 million and 2.
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Mazda is to start supplying Nissan with its recently redesigned Premacy (5) minivan in Japan from May this year.
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Volkswagen has laid the foundation stone for its new engine plant in Silao, Mexico, which will supply vehicle plants in North America with up to 330,000 engines per year from 2013.
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The German automotive industry is facing supply shortfalls because of the burgeoning demand, primarily in China, reported Financial Times Deutschland.
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General Motors says it expects to triple its sales in India to 300,000 units over the next two years launching six new models into the market by 2013.
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Toyota Motor Engineering & Manufacturing North America said the company's assembly plants produced 1,456,887 vehicles in 2010, an 18% increase year on year.
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Magna International said it would build a new facility in San Luis Potosi, Mexico. The announcement followed a meeting between Don Walker, CEO of Magna, and Mexican president Felipe Calderon at the World Economic Forum in Davos, Switzerland.
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Porsche sold 14,785 vehicles in China last year, up 63 percent from 2009, as sales of the Cayenne SUV remained strong. By 2013, Porsche aims to sell 15,000 units annually in China.
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Porsche sold 14,785 vehicles in China last year, up 63 percent from 2009, as sales of the Cayenne SUV remained strong. By 2013, Porsche aims to sell 15,000 units annually in China.
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Lowered operating costs and boosted sales are expected to have delivered Ford an operating profit of about US$8bn which would be the best showing since 2000's $10.2bn on US industry auto sales 33% higher, a media report said.
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WITH VIDEO -- What is it?
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A lawyer for Matthieu Tenenbaum, one of the three Renault executives accused of selling company secrets, says the company told his client to go quietly and 'keep the money.' The carmaker denied making the offer.
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Audi has been given EU approval to extend its plant in the northwest Hungarian town of Gyor, Economy Minister Gyorgy Matolcsy said. The carmaker plans to lift output to 125,000 vehicles a year from 2013. Audi made 38,541 cars and 1.
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