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US: Despite recalls, GM posts $100m first quarter net profit

Despite suggestions it might even book a loss due to recall costs, General Motors on Thursday said first quarter net income was US$0.1bn ($1...

US: GM starts shipping ignition switch recall parts

General Motors last night said it had shipped thousands of kits consisting of ignition switches, ignition cylinders and key sets for older m...

JAPAN: Mitsubishi upbeat as full year sales and income grow

Mitsubishi Motors Corporation has forecast continued growth in sales and income for the coming financial year after booking a 15% increase i...

SWEDEN: Europe "coming back" says automotive supplier body chief

Scandinavian automotive supplier body, FKG, says Europe is "coming back" as fledgling economic recovery across the Continent gathers pace....

Recent news

SOUTH KOREA: Slow US hits Hyundai Motor Q1 profit 24 Apr 2014

Graeme Roberts

Hyundai Motor has missed analyst estimates by posting a first quarter 2014 net profit all but the same as the result in Q1, 2013.


UK: Car and engine output rises in March 24 Apr 2014

Tony Lewis

New models from Nissan (Qashqai) and BMW's Mini (redesigned hatchback) helped boost UK car production by 12% in March to 142,158 units.


UK: Peugeot expects boost from new petrol turbo engines 24 Apr 2014

headlineauto

Peugeot is expecting a big sales boost in the UK from two new small turbocharged petrol engines which, the company claimed, will also start to reduce its traditional reliance on diesels.


JAPAN: Mitsubishi upbeat as full year sales and income grow 24 Apr 2014

Tony Lewis

Mitsubishi Motors Corporation has forecast continued growth in sales and income for the coming financial year after booking a 15% increase in net sales to JPY2.09 trillion (US$20.4bn) for fiscal 2013/2014.


SWEDEN: Europe "coming back" says automotive supplier body chief 24 Apr 2014

Simon Warburton

Scandinavian automotive supplier body, FKG, says Europe is "coming back" as fledgling economic recovery across the Continent gathers pace.


US: Despite recalls, GM posts $100m first quarter net profit 24 Apr 2014

Graeme Roberts

Despite suggestions it might even book a loss due to recall costs, General Motors on Thursday said first quarter net income was US$0.1bn ($100m), or $0.06 a share, beating analysts' estimates by a couple of cents.


BRAZIL: Ford opens northeast’s first engine plant 24 Apr 2014

Graeme Roberts

After spending BRL400m/US$180m, Ford has just opened the first engine plant in Brazil's northeast region with capacity for 210,000 engines a year and 300 new jobs.


US: Volkswagen leaves representation door open at Chattanooga 24 Apr 2014

Simon Warburton

Volkswagen is leaving open the door to "representation" for its Tennessee employees following the UAW's decision to withdraw its appeal with the National Labor Relations Board (NLRB), relating to what it referred to as interference in elections for the automaker's Chattanooga workers.


US: General Motors' $10bn profit aspiration fades with recalls 24 Apr 2014

Graeme Roberts

The first quarter costs associated with recalling almost 2.6m cars in the first quarter have ended General Motors' dream of making a record $10bn profit, a media report said.


US: GM starts shipping ignition switch recall parts 24 Apr 2014

Graeme Roberts

General Motors last night said it had shipped thousands of kits consisting of ignition switches, ignition cylinders and key sets for older model small cars subject to a major recall.


US: Golf off Ford CEO Mulally's next-move list - report 23 Apr 2014

Graeme Roberts

Speculation is continuing to swirl around what Ford CEO Alan Mulally will do next but it apparently won't be retirement golf in Florida.


POLAND: New Fiat to be made in Tychy - Deputy PM 23 Apr 2014

Graeme Roberts

A new Fiat model will be made at the company's plant in Tychy, Poland, Deputy Prime Minister Janusz Piechocinski said.


INDIA: Toyota Kirloskar workers back on the line 23 Apr 2014

Graeme Roberts

Toyota Kirloskar Motor employees have returned to work at two plants, their union said.


US: Johnson Controls posts Q2 net income up 59% to US$261m 23 Apr 2014

Simon Warburton

Johnson Controls has unveiled second quarter net income up 59% of US$261m, on US$10.5bn of revenue.


US: Single complaints prompt NHTSA Chevrolet brake and Bosch Leaf charger probes 23 Apr 2014

Graeme Roberts

The NHTSA has opened preliminary investigations into the 2014 Chevrolet Impala and a Bosch fast charger used with a 2013 Nissan Leaf model sold in the US after receiving just one complaint each about automatic braking and battery recharging respectively.


US: Subaru considers EV re-launch 23 Apr 2014

Graeme Roberts

Tightening environmental regulations in the US have prompted Subaru maker Fuji Heavy Industries to consider launching electric vehicles again in the region, president Yasuyuki Yoshinaga has said.


US: Improved profits fettle Ford's Fitch rating 23 Apr 2014

Graeme Roberts

Fitch Ratings has affirmed Ford Motor Company and its Ford Motor Credit captive finance subsidiary at 'BBB-' and revised its rating outlook for both to 'positive' from 'stable'.


US: Toyota Mississippi exports first Corollas 23 Apr 2014

Graeme Roberts

Toyota has begun exporting Corollas built at its Mississippi plant for the first time.


BEIJING SHOW: First four-cylinder Porsche since 1995 23 Apr 2014

Glenn Brooks

Unlike the V4 in its new 919 World Endurance Championship racer, the engine in the just-announced Macan is made by the Volkswagen Group, not Porsche.


CHINA: Toyota adds local hybrid capacity 23 Apr 2014

Tony Lewis

Toyota, the global leader in hybrid vehicles, will start to source hybrid components in China for its locally produced Corolla and Levin models from next year rather than import them from Japan.


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