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UK car production hits 16-year high

The UK car manufacturing sector has posted its best half-year performance since 2000, with 897,157 cars produced – up 13.0% on 2015. However...

Ford Q2 net profit slips $190m to $2bn

Ford Motor Company booked net income down US$190m to $2bn and an adjusted pre-tax profit off $293m on sales up $2.2bn to $39.5bn in the seco...

Some 1,500 still jobless after Ford Genk closure-union

Belgian unions claim 1,500 people still remain unemployed 18 months after Ford closed its plant in Genk with the loss of 5,500 jobs....

Iran 80% localisation aim unsurprising - source

Reliable sources close to Iranian producer, Saipa, say it is not surprising Tehran is mulling a localisation rate of 80% following several o...

Recent news

UK car production hits 16-year high 28 Jul 2016

Dave Leggett

The UK car manufacturing sector has posted its best half-year performance since 2000, with 897,157 cars produced – up 13.0% on 2015. However, the UK’s automotive trade association, the SMMT, voiced concern over the outlook following the recent Brexit vote.


Ford Q2 net profit slips $190m to $2bn 28 Jul 2016

Graeme Roberts

Ford Motor Company booked net income down US$190m to $2bn and an adjusted pre-tax profit off $293m on sales up $2.2bn to $39.5bn in the second quarter of 2016.


Some 1,500 still jobless after Ford Genk closure-union 28 Jul 2016

Simon Warburton

Belgian unions claim 1,500 people still remain unemployed 18 months after Ford closed its plant in Genk with the loss of 5,500 jobs.


Mercedes-Benz Vans breaks ground for US Sprinter plant 28 Jul 2016

Graeme Roberts

Daimler's Mercedes-Benz Vans has broekn ground its new Sprinter plant to supply North America.


SMMT survey highlights UK Brexit concerns 28 Jul 2016

Dave Leggett

An SMMT survey of the UK automotive sector has found widespread concern that its future trading relationship with the EU could impose higher costs following the UK’s exit from the EU.


US analysts expect a 1.5m-sales July 28 Jul 2016

Graeme Roberts

New vehicle sales in the United States in July are expected to decrease 1% year on year to 1.5m units in July 2016, resulting in an estimated 17.5m seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.


Maruti Suzuki launches first LCV 28 Jul 2016

Graeme Roberts

Suzuki Motor Corporation subsidiary Maruti Suzuki India has entered India's light commercial vehicle (LCV) segment for the first time with the Super Carry compact truck.


Volkswagen Group June 2016 global sales rise 5.1% 28 Jul 2016

Graeme Roberts

Volkswagen Group deliveries last June rose 5.1% year on year 883,400 vehicles. First half deliveries were up 1.5% to 5.12m.


Renault H1 profit leaps 41% to EUR1.54bn 28 Jul 2016

Simon Warburton

Renault has posted Group operating profit rising 41% to EUR1.54bn (US$1.71bn), with net income rising from EUR1.45bn to EUR1.56bn.


Iran 80% localisation aim unsurprising - source 27 Jul 2016

Simon Warburton

Reliable sources close to Iranian producer, Saipa, say it is not surprising Tehran is mulling a localisation rate of 80% following several overseas evaluations of the quality of domestic components


Nissan quarterly profit down 11% on stronger yen 27 Jul 2016

Dave Leggett

Nissan has posted a 10.7% decline to net income for the last quarter as it was hit by a stronger yen and slower sales at home.


PSA records H1 net income doubling to EUR1.2bn 27 Jul 2016

Simon Warburton

PSA Groupe has posted half year net income doubling to EUR1.2bn (US$1.32bn), although Group revenue fell marginally from EUR28m to EUR27.8m.


Fiat Chrysler Automobiles boosts Q2 profits 27 Jul 2016

Graeme Roberts

Fiat Chrysler Automobiles on Wednesday (27 July 2016) reported second quarter adjusted EBIT up 16% year on year to EUR1.6bn.


Mitsubishi Motors Q1 operating profit plunges after fuel economy scandal 27 Jul 2016

Graeme Roberts

Mitsubishi Motors Corporation (MMC) first fiscal 2016/2017 operating profit plunged 75% year on year to JPY4.6bn after the halt in production and sales following revelations of improper conduct in fuel economy testing in Japan. Sales fell 14% to JPY428.7bn.


Tesla drops Mobileye in wake of Autopilot issue - reports 27 Jul 2016

Dave Leggett

Tesla is reportedly dropping Mobileye, a supplier to its Autopilot partial self-driving system, in the wake of an accident that killed a Tesla driver in May.


More details of GM-Isuzu light truck split surface 27 Jul 2016

Tony Pugliese

More details have emerged of the ending of the long-standing joint venture between General Motors (GM) and Isuzu Motor to co-develop largely Asian-made pick-up trucks, according to reports in Japan citing Isuzu company sources.


Samsung minority stake in BYD confirmed 27 Jul 2016

Tony Pugliese

China’s BYD has confirmed Samsung Electronics had completed the acquisition of a 1.92% stake in the electric vehicle manufacturer for CNY3bn (US$450m).


Thai sales rise 6% in June 27 Jul 2016

Tony Pugliese

The Thai new vehicle market continued to recover in June, with sales rising by 5.8% to 63,808 units compared with 60,325 units in the same month of last year, based on data gathered by the Federation of Thai Industries (FTI).


Toyota Australia launches Euro 5 diesel Hiace vans 27 Jul 2016

Graeme Roberts

Toyota Australia has revised its diesel-powered HiAce range to improve fuel economy in the city while meeting stricter Euro 5 emissions standards.


Mobileye Q2 net income soars 75% to US$27m 27 Jul 2016

Simon Warburton

Mobileye has recorded second quarter net income up 75% to US£27m, from US$15.3m in the same period last year.


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