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Apr
27th

‘Yearly savings of thousands are achievable for drivers’

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Opinion 29 Apr, 2018

With the average cost of driving a car hitting £5,795 in 2017, Mike Rutherford offers advice for saving money

Apr
27th

Renault Q1 Group revenue up fractionally to EUR13.2bn

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Renault has posted first-quarter Group revenue up 0.2% to EUR13.2bn (US$16bn), with worldwide registrations increasing 4.8% to 935,041 vehicles.
Apr
27th

Daimler Q1 earnings fall despite higher vehicle sales

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Daimler's earnings dropped to 3.34 billion euros ($4.03 billion) in the first quarter despite higher vehicle sales. The automaker said operating profit was 12 percent lower because of foreign exchange effects and the absence of one-off gains.
Apr
27th

Daimler Q1 operating earnings fall despite higher vehicle sales

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Daimler's earnings dropped 12 percent to about $4 billion in the first quarter despite higher vehicle sales. The company blamed foreign exchange effects and sales incentives.
Apr
27th

Renault sales growth falters on Asia setbacks

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Renault said revenue rose by a smaller-than-expected 0.2 percent in the first quarter, as the company suffered sales setbacks in India, China and South Korea, compounded by the effects of a stronger euro.
Apr
27th

Fears for Ford Mondeo’s future after sedan phaseout in U.S.

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Ford said the Mondeo remains part of its European lineup despite fears for the car's future after the company announced it wouldn't replace its current sedan lineup in the U.S. #8212; including the Fusion, on which the Mondeo is based.
Apr
27th

Fears for Ford Mondeo’s future rise after sedan phaseout in U.S.

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Ford said the Mondeo remains part of its European lineup despite fears for the car's future after the company announced it wouldn't replace its current sedan lineup in the U.S. #8212; including the Fusion, on which the Mondeo is based.
Apr
27th

Fears for Ford Mondeo’s future rise after sedan phaseout in U.S.

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Ford said the Mondeo remains part of its European lineup despite fears for the car's future after the company announced it wouldn't replace its current sedan lineup in the United States.
Apr
27th

Suppliers to the new Seat Ateca

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Assembly of the all-new Seat Ateca began in April 2016 at parent Volkswagen Group's plant in Kvasiny, Czech Republic. Output peaked at more than 55,200 units in 2017, according to IHS Markit.
Apr
26th

Tesla shareholder presses board to appoint independent chairman

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Tesla shareholders will vote in June on whether to adopt a policy that the company only allow an independent director to be chairman, a role that Elon Musk has held since 2004.
Apr
26th

Tesla shareholder presses board to appoint independent chairman

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Tesla shareholders will vote in June on whether to adopt a policy that the company only allow an independent director to be chairman, a role Elon Musk has held since 2004.
Apr
26th

NAFTA local origin rules could hurt U.S. auto sales, exports, study finds

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American proposals on rules of origin that govern what percentage of a light vehicle needs to be built in the NAFTA region to avoid tariffs would hurt American consumers, lead to lower vehicle sales and hurt American car exports, according to a new...
Apr
26th

Musk’s ‘no new capital’ promise faces scrutiny when Tesla reports results

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Investors are accustomed to the promises of Elon Musk, but his assertion that Tesla will not need more funds this year has many scratching their heads. How can Musk deliver without fresh cash?
Apr
26th

GM to fight $1 billion stock demand for ignition-switch pact

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GM could be forced to give up more than $1 billion in new stock if a judge approves a deal between a trust handling its old bankruptcy claims and customers who sued over faulty ignition switches.
Apr
26th

BorgWarner Q1 income surges 19 percent on currency gain, acquisition

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BorgWarner Inc. said its net income grew 19 percent to $225 million, as the auto supplier's profits were fueled by a $200 million foreign-currency gain.
Apr
26th

Ally says Q1 net income rises 17%

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Ally's first-quarter net income rose, driven by an uptick in net financing revenue and declines in loan loss provisions and income tax expenses. Auto originations also increased as used-vehicle loan volume reached a record high.
Apr
26th

Toyota invests $170 million in Miss. plant for next Corolla

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Toyota is investing $170 million at its Mississippi plant to build the next Corolla sedan, creating 400 jobs. The move will bring Toyota's investment in the plant to more than $1 billion since 2007.
Apr
26th

Pruitt defends decision to ease fuel economy standards

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The EPA's proposal to reset fuel economy standards for model year 2022-25 vehicles will be heavily motivated by consumer demand, administrator Scott Pruitt told a House panel Thursday.
Apr
26th

Group 1 Q1 net rises on U.S. sales growth

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Group 1 Automotive's first-quarter net income rose 5.5 percent on improving business conditions in the U.S. oil patch, along with the recent U.S. tax cut.
Apr
26th

CDK’s net jumps 24 percent on strong DMS growth

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CDK Global's net jumped 24 percent to $96.1 million for the quarter ended March 31, on strong earnings from North American and international subscription services.
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