BMW's third quarter 2017 profit before financial result (EBIT) fell 3.2% year on year to EUR2,304m due to "significantly higher investments, as well as expenses for research and development", the company said.
Nissan Motor resumed production today (7 November) at most of its plants in Japan after suspending operations last month due to irregularities in its new car inspection procedures.
The Aisin Group says it is to strengthen its production system for automatic transmissions, mainly in China and Japan. It projects a rise in production of automatic transmissions to 12.5m units a year in 2020
Continental and Osram have announced their intention to establish a new lighting joint venture that will combine lighting technology with electronics and software to develop, manufacture and market 'intelligent lighting solutions for the automotive industry'.
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7 Nov, 2017
Volkswagen's next hot supermini to enter competition with new WRC2-ready, customer only offering
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7 Nov, 2017
The Mitsubishi Buy Online store gives potential customers bespoke purchasing options tailored to their budget
Mitsubishi swung to a quarterly operating profit as cost cuts and favorable exchange rates helped it to rebound from a mileage-cheating scandal.
Stuttgart based Porsche Automobil Holding SE (Porsche SE) has reported group profit of EUR2.20bn for the period from 1 January to 30 September 2017. This compared with EUR1.64bn for the same period of 2016, a rise of 34%.
Gefco has opened its new automotive logistics centre in the North West England city of Liverpool, providing storage and sequencing operations for Tier 1s and OEMs and creating around 100 jobs.
Toyota has raised its forecast for operating profit this year after reporting a boost to second quarter earnings helped by a cheaper yen.
Toyota's quarterly operating profit rose 10 percent as gains from favorable foreign exchange rates offset weakening business in the U.S. market, where rising incentives and falling wholesale volume dented regional profitability.
BMW's third-quarter pretax profit fell 5.9 percent to 2.42 billion euros ($2.81 billion), as the automaker warned it needs to continue with "significant" upfront investments for new models including EVs.
Citroen has given its C4 Cactus a more conventional hatchback styling, taking the car once billed as "quirky" away from its crossover roots and aiming it at the likes of the Volkswagen Golf, Renault Megane and Opel Astra.
More details came out last week about Toyota's upcoming Supra sports car. The biggest of those is that it might be sold under the Gazoo Racing banner as opposed to purely Toyota.
Volkswagen sales were up 12 percent to 27,732 on growing sales of its new crossover lineup. Audi extended its industry-best sales streak to eight consecutive years.
Ford Motor Co.'s U.S. light-vehicle sales rose 6.4 percent in October behind strong F-series sales and a double-digit rise in fleet sales related to order timing.
FCA US continued its down streak into its 14th month in October, as sales fell 13 percent to 153,373 vehicles.
Ford, Nissan, Honda and Toyota posted higher U.S. sales in October as the industry looked to maintain momentum after a strong September. GM projected a SAAR of 18 million for the month.
Tesla has acquired Perbix, a closely held maker of automated machines used for manufacturing, as the electric-carmaker struggles to boost production of its most important new model.
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