Auto News 5

News 26 Jul, 2019

The Ford Fiesta Trend will replace the old Fiesta Zetec as the new base spec model, with prices starting at £15,995

South Korean components manufacturer Hyundai Mobis announced it plans to invest KRW380bn (US$321m) in a new production facility for electric vehicle components in the country.

Opinion 27 Jul, 2019

The decision makers at Highways England need to be held accountable for the mess they made with the M2 closure, says Mike Rutherford

Gestamp, the metal components maker, said its second quarter was better than the first as revenue rose 7.8% to EUR2,344m and EBITDA was up 9% to EUR272m.

Jaguar Land Rover said its first fiscal quarter pre-tax loss of GBP395m was "consistent with the outlook provided for the quarter".

News 25 Jul, 2019

The special edition Ford Mustang celebrates the 55th anniversary of the ubiquitous muscle car, with sales starting in August

China's Evergrande Group said it had agreed to establish a joint venture with Germany's Hofer Powertrain to develop and manufacture electrical systems for electric vehicle powertrains, according to local reports in China.

ZF has outlined a range of technologies to address its 'Mobility, Life, Balance' offer, which is complementary to its 'See, Think, Act' mantra adopted now for several years.

Visteon Corporation second quarter adjusted EBITDA was US$46m compared with $81m a year ago.

Toyota has concluded an agreement with Didi Chuxing (DiDi) to expand collaboration in Mobility as a Service (MaaS) in China.

News 25 Jul, 2019

Statistics show 1,782 people were killed on UK roads in 2018, compared with 1,754 in 2012; motoring groups criticise lack of progress

First half Volkswagen Group sales revenue rose 4.9% year on year to EUR125.2bn (H1 2018: EUR119.4bn) and operating profit - before special items -improved by 1.9% to EUR10bn (9.8) and operating return on sales - again before special items - amounted to 8% (8.2).

News 25 Jul, 2019

The forthcoming Mercedes EQS all-electric saloon has been caught on camera, ahead of its potential unveiling at the Frankfurt Motor Show

Cubic Telecom has secured EUR23.5m (US$26.1m) in new funding from the European Investment Bank (EIB).

Nissan Motor's operating profit plunged 98.5% in the first fiscal quarter ended 30 June, the automaker announced. It plans to cut 12,500 jobs worldwide, more than the 4,800, then 10,000 previously thought.

The UK's first facility to test and support the development of automated parking solutions is under construction in the West Midlands.

GKN Automotive says it will deliver its one millionth eDrive system later this month.

Thyssenkrupp is building an engine and electric motor parts plant in Hungary.