TRW Q4 profit of $141 million beats estimates, shares rise
TRW Automotive Holdings Corp.
Read moreAutomotive
TRW Q4 profit of $141 million beats estimates, shares rise
TRW Automotive Holdings Corp.
Read moreDelphi CFO to leave for post at pharmaceutical firm
Delphi Automotive L.L.P. CFO John Sheehan plans to leave the supplier to be the CFO at a Pittsburgh-area pharmaceutical company. Sheehan, 49, will begin his new role at Mylan Inc.
Read moreAsbury expects ‘bold’ Toyota incentives
Asbury Automotive Group expects Toyota Motor Corp. to begin offering a “bold” and “aggressive” program of incentives to win back business lost because of its recalls, the dealership group’s CEO said today.
Read moreTRW Q4 profit of $141 million beats estimates, shares rise
TRW Automotive Holdings Corp.
Read moreUS: FBI raids three Toyota suppliers
The US offices of three Japanese automotive parts suppliers to Toyota – Denso, Tokai Rika and Yazaki – were raided on Tuesday by the Detroit office of the FBI over allegations of price-fixing, media reports said.
Read moreDealership group Asbury posts Q4 profit on sales gains
U.S. car dealer Asbury Automotive Group Inc. today said it posted a small fourth quarter profit, reversing a year-earlier loss, as new vehicle sales recovered and cost cuts paid off.
Read moreAsbury says new-car sales revival, cost cuts propelled Q4 profit
Asbury Automotive Group Inc.and#8217;s restructuring effort in 2009 helped the company become more efficient and turn a profit even during the worst sales environment in more than 27 years, CEO Charles Oglesby said today.
Read moreINDONESIA: PT Astra International sees Q4 profit jump
Indonesian automotive distributor PT Astra International has reported a 62% jump in fourth quarter net profit, helped by currency gains.
Read moreLeoni hit by EU probe into auto wiring suppliers
German supplier Leoni is being investigated by the EU as part of a probe into the automotive electronic components industry.
Read moreINTERVIEW: Greg Baribault, US marketing director, Microsoft Automotive
Microsoft has been developing its presence in the automotive sector for a number of years and working with several manufacturers on the software that helps the interface between driver and the increasingly sophisticated in-cabin telematics environment. Microsoft’s Greg Baribault explains the firm’s automotive sector presence and strategy
Read moreTurkish new-car sales to continue decline in Q1, auto group boss says
Turkish automotive sales are expected to continue declining this month and in March after the government ended tax incentives for car buyers, the head of the Automotive Manufacturers Association (OSD) said earlier this week.
Read moreThe End of an Era
It is now official: Hummer will be dropping off the automotive landscape. The Chinese company Sichuan Tengzhong Heavy Industrial Machines Co. that had made a decisive offer to General Motors did not receive the go-ahead from the Chinese government. As a result, Hummer will no longer be, and GM will let it die a peaceful death.
Read moreDriven: 2010 Volkswagen Touareg TDI
All swan songs should be this good.
You might recall one of the great automotive oddities of the aughts: the Volkswagen Touareg with a 5.0-liter turbo-diesel V-10 engine, one which produced an absurd 553 lb-ft of torque but raised the price of entry for this supposedly mainstream SUV to an equally absurd $70,000. Those who closed their eyes and wrote the check invariably loved their ten-cylinder kid haulers, but you have to admit that it was a bit extreme, and eventually VW dropped the V-10 because it wasn’t worth updating it to meet new American emissions regulations.inline_mediumwraptextright28127110/green/reviews/1004_2010_volkswagen_touareg_tdi1004_01_z+2010_volkswagen_touareg_tdi+taillight.jpgTrue
Three Toyota suppliers searched by FBI agents
The U.S. headquarters of three Japan-based automotive suppliers — all of them with ties to Toyota Motor Corp. — were searched by FBI agents Tuesday in connection with an international anti-trust investigation. Denso Corp.
Read moreWhen all is said and done … :
With congressional hearings scheduled well into next month, a lot more certainly will be said about Toyota’s spate of recalls and how NHTSA handled the investigations. When it’s all done, though, what will it mean to the automotive enthusiast?
Read moreSOUTH KOREA: Car makers take record global industry share
South Korea’s carmakers took a record 5.7% share of the global car industry in 2009, building 3.513m of the 61.295m vehicles produced worldwide, according the Korea Automotive Manufacturers Association.
Read moreValmet Automotive Presents 4 Green Vehicles
Valmet Automotive presents four different new energy vehicles at the Geneva Motor Show in the beginning of
March. In addition to “Eva” concept vehicle developed by Valmet Automotive the company puts on show three
electric vehicles which represent its successful cooperation with innovative automotive companies: the THINK
City, the Garia LSV Concept Car (Low Speed Vehicle) and the Premium Plug-in Hybrid Electric Vehicle Fisker
Karma.
Sonic, after avoiding bankruptcy, posts Q4 profit
Sonic Automotive Inc., which was on the verge of bankruptcy less than a year ago, said today it posted fourth-quarter net income from continuing operations of $9.3 million or 18 cents a share. That compares with a fourth-quarter 2008 loss of $8.
Read moreProfessor: Tests found electronics could trigger acceleration in Toyotas
In the first known study of its kind, an automotive technology professor told lawmakers today that his 3and#189;-hour test of Toyota vehicles found evidence that unintended acceleration could be caused by breakdowns in the electronic controls.
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