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Apr
28th

Skoda expands SUV focus with upcoming Karoq

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Skoda says its new Karoq will be a key model in helping the brand to achieve new sales records. The compact SUV will replace the Yeti in the VW Group brand's lineup.
Apr
28th

Honda forecasts profit drop despite positive quarter

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Honda swung back to profitability in the latest quarter as the company put Takata-related recall costs behind it, but a worsening foreign exchange outlook and a one-off pension expense forced the Japanese automaker to forecast falling profits in the...
Apr
28th

Hyundai teases design of Kona small crossover

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Hyundai teased the design of its upcoming Kona subcompact crossover and offered fresh details on the launch timing of a model that will fill a critical gap in the brand's lineup.
Apr
28th

Continental expects to comfortably reach annual targets after strong Q1

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Continental said it expected to comfortably reach its financial targets for 2017 after its underlying earnings rose about 10 percent in the first quarter.
Apr
28th

Volvo first-quarter profit rises 11%

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Volvo reported a 11 percent rise in first-quarter profit as strong demand for its XC60 and 90-series cars gave it a boost. The automaker stuck to a forecast of higher sales this year.
Apr
28th

Car insurance fraud types revealed in a new study

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Rear end shunt - car crash
News 28 Apr, 2017

Car insurance fraudsters most likely to use low-speed crashes to claim compensation, with claims for non-existent passengers up, too

Apr
28th

Toyota expands connected-car hub in Texas

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Toyota Connected, the automaker's global data-science hub, is expanding staff and operations near the company's new North American headquarters in Texas.
Apr
28th

ANE’s May issue goes live Monday

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The latest issue of the Automotive News Europe monthly magazine goes live on Monday, May 1. The new edition looks at how Seat ended more than a decade of losses and why it expects to become a reliable moneymaker for parent VW Group.
Apr
27th

Toyota recalls 228,000 Tacomas in U.S. for differential oil leaks

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Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil.
Apr
27th

Ally’s Q1 net falls 14 percent on increased loan-loss provision

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Ally Financial's first-quarter net income dropped 14 percent from a year earlier primarily because of an increased provision for auto losses
Apr
27th

Visteon triples Q1 net income

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Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations.
Apr
27th

BorgWarner Q1 gains driven by organic growth

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BorgWarner delivered strong first-quarter earnings driven by organic revenue growth, and the supplier said it is confident in continued market-share expansion.
Apr
27th

Kia picks Saad Chehab to lead marketing

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Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief.
Apr
27th

Tesla’s Klaus Grohmann ousted after clash with Elon Musk

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Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported.
Apr
27th

Renault sales rise 25% on new models, Lada consolidation

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Renault's first-quarter revenue rose 25 percentas the company launched new models and production deals, and began consolidating Lada sales by Russian affiliate AvtoVAZ.
Apr
27th

Renault revenue rises 25% on new models, Lada consolidation

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Renault's first-quarter revenue rose 25 percent as the company launched new models and production deals, and began consolidating Lada sales by Russian affiliate AvtoVAZ.
Apr
27th

Wells Fargo, JPMorgan wary of auto loans, pack them in bonds

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Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.
Apr
27th

Visteon announces record Q1 results

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Visteon has announced a strong set of results for the first quarter buoyed by rising demand for its infotainment products in China.
Apr
27th

Ford’s loss on canceled Mexico plant will be lower than expected

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Ford's loss on its aborted Mexico plant in San Luis Potosi totaled $153 million, 23 percent less than it had originally booked.
Apr
27th

Kia plans $1.1 billion plant in India

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Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.
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