Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat.
Ahead of the EU-Brexit summit this weekend, European automobile manufacturers and suppliers have sounded the alarm over the potential damage that Brexit could do to the competitiveness of their industry, which represents 6.5% of EU's GDP and provides employment to some 12.2 million Europeans across the continent.
Ford has announced Q1 2017 pretax profit down US$1.6bn year on year to $2.2bn on revenue up $1.4bn to $39.1bn.
Valeo announced first quarter of 2017 sales up 22% year on year to EUR4.8bn (US$5.2bn).
SsangYong Motor Company has launched the XLV diesel engine model at the 2017 Shanghai Motor Show to meet fast growing demand for subcompact SUVs in the Chinese market.
Panasonic Corporation has held an opening ceremony for its new automotive lithium-ion battery factory in Dalian, China.
Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1.
In a joint innovation effort, NEVS and Iconiq Motors will develop future vehicles under each brand, the pair announced.
Fiat Chrysler Automobiles (FCA) booked record first quarter adjusted EBIT of EUR1.5bn (US$1.63bn), up 11% year on year and confirmed its full year guidance.
Trading in Takata Corporation shares was suspended on Thursday (27 April) after a report the airbag maker at the heart of the car industry's largest recall was considering a bankruptcy plan to create a new company and ring fence its liabilities.
Tesla offered pay rises and job guarantees to defuse labor tensions at a key German supplier, whose founder and CEO left the company late last month, German labor officials said.
Hyundia Motor affiliate Kia Motors confirmed media reports last week with today's announcement it had signed a memorandum of understanding (MOU) with the state government of Andhra Pradesh, India to build a new factory in Anantapur District.
UK car manufacturing output was up by 7.3% in March to 170,691 vehicles, the biggest monthly output total in 17 years. The latest gain was driven by strong export demand.
PSA CEO Carlos Tavares already has a big job ahead of him as he focuses on integrating the operations of Opel/Vauxhall into the French automaker. Now he has another worry: fixing PSA's retail network in China.
German supplier Schaeffler said growth at its automotive division continues to outpace global car markets, but the company warned that it would find it difficult to sustain strong margins in the unit given rising steel prices, high randd costs and...
European new car sales boomed in March 2017 with new registrations for the month totalling 1.93m units, a 10.8% rise year on year and a record for the month.
Valeo's quarterly sales rose 22 percent to outpace global vehicle production in all regions as the French supplier reiterated its upbeat 2017 goals on strong demand for its fuel-saving and automated-driving technology.
UK car production increased by 7.3 percent in March, helping first-quarter output rise 7.6 percent, its highest level since 2000, as robust exports helped offset a fall in domestic demand.
UK car production increased by 7.3 percent in March, helping first-quarter output rise 7.6 percent, its highest level since 2000, as robust exports helped offset a fall in domestic demand.
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27 Apr, 2017
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