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May
3rd

Longer summer shutdowns loom for factories as sales slow

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Manufacturers used to shut plants for a week or two in July for maintenance and to keep inventories in check. This summer, widespread closures may be back.
May
3rd

Delphi to spin off powertrain business, focus on autonomy and EVs

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Automotive supplier Delphi plans to spin off its powertrain unit in order to focus on developing technology for autonomous driving systems and electrically powered vehicles.
May
3rd

Tower International Q1 net profit more than doubles

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Tower International, the manufacturer of engineered automotive structural metal components and assemblies, announced Q1 2017 net income of $17.3m compared with $8.4m a year previously.
May
3rd

Ricardo joins Toyota on fuel cell demonstration project

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Ricardo says it is working with Toyota on a high profile fuel cell demonstration project in the US.
May
3rd

South Korean domestic sales fall 5% in April

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Domestic sales by South Korea's five main automakers fell by 5% to 132,675 units in April 2017, from 139,617 units in the same month of last year, according to preliminary data released individually by the country's vehicle manufacturers.
May
3rd

Hyundai to source hybrid batteries from China’s CATL

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Hyundai Motor plans to source electric hybrid vehicle batteries from Chinese manufacturer Contemporary Amperex Technology Co Ltd (CATL), according to local reports citing company sources.
May
3rd

Dana boosts Q1 sales 17%

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Dana boosted first quarter 2017 sales to US$1.70bn, compared with $1.45bn in Q1 2016, a 17% increase. The increase was due to new business gains, higher demand in global light truck markets, and improved demand for global off highway components.
May
3rd

Slovakia lauds Yanfeng centre as regional catalyst

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Slovakia's Ministry of Economy says it hopes the opening of Yanfeng Automotive Interiors' (YFAI) new testing laboratory in Trencín will act as a catalyst for other manufacturing companies to set up shop in the region.
May
3rd

Renault, Skoda and Citroen among winners as Italy sales fall 5%

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New-car registrations in Italy fell 4.6 percent last month with most major automakers losing volume except Renault, Skoda, BMW and Citroen.
May
3rd

Bosnia’s Prevent denies plans to take over Grammer, report says

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Bosnian supplier Prevent has no plans to launch a full takeover of German rival Grammer, and expects carmakers like VW to honor their contracts, the company's CEO told a German newspaper.
May
3rd

VW Group operating profit surges 40% in Q1

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Volkswagen Group has posted operating profit up 40% to EUR4.37bn in the first quarter, helped by a strong turnaround for the Volkswagen brand, despite the 'dieselgate' crisis.
May
3rd

Shopping around for car finance can damage your credit rating

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Cars for sale
News 3 May, 2017

Hard credit checks are altering buyers' credit scores, costing those who shop around for car finance an average of £375 each

May
3rd

No spring bloom for US light vehicle sales

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Forecasts for US light vehicle sales in April proved to be a bit optimistic as total volumes continued to decline.
May
3rd

VW in talks with Exxon, Gazprom on natural gas cars

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Volkswagen is in talks with Exxon and Gazprom to back its efforts to promote cars running on natural gas as the automaker works on a shift towards cleaner technologies in the wake of its diesel-emissions scandal.
May
3rd

UK diesel drivers to be offered scrappage compensation – report

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Drivers of older polluting diesel cars in Britain are to receive compensation for scrapping them, according to a newspaper report.
May
3rd

PSA partners with U.S. tech firm for autonomous car tests in Singapore

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PSA is partnering with a U.S. tech firm to test autonomous cars in Singapore. NuTonomy's software, sensors and computing platforms will be installed in Peugeot 3008 models as part of plans to test the technology needed for level 5 capability.
May
3rd

Tech giant Samsung gets permission to test self-driving cars

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Samsung stand
News 3 May, 2017

Korean Ministry of Land, Infrastructure and Transport issues Samsung with approval to test self-driving software

May
3rd

VW Group first-quarter profit jumps 40% on cost cuts

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VW Group said first-quarter operating profit rose 40 percent, a sign that cost cuts are materializing as the automaker pushes to overcome its emissions scandal. Higher profits at Porsche and Skoda also helped the group's results.
May
3rd

Mini USA appoints new heads of sales and marketing

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Mini USA has appointed new heads of both sales and marketing. Tom Salkowsky becomes department head of sales for Mini USA.
May
3rd

Land Rover highlights Discovery’s capabilities

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Land Rover highlights its all-new Discovery in the top-ranked new video on our weekly viral video chart.
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