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Mitsubishi orders plunge in crisis29 Apr 16

Mitsubishi Motors Corporation has revealed that orders for its vehicles in Japan have plunged following its admission that it has committed fuel-economy testing fraud in Japan....read more


ZF forms e-mobility unit with China focus29 Apr 16

ZF says it is bundling activities which will shape the future of e-mobility into its new ‘E-Mobility Division’ which will be focused on market opportunities in China....read more


Denso reveals year-end revenue up 5% to US$40.2bn29 Apr 16

Denso has posted year-end consolidated revenue up 5% to US$40.2bn, while consolidated operating profit fell 4.7% to US$2.8bn....read more


Lear Q1 net income sharply up from US$147 to US$24829 Apr 16

Lear has reported first quarter net income soaring from US$147m to US$248m, with sales up US$200m to US$4.7bn....read more


Mitsubishi says US vehicles unaffected by fuel economy "irregularities"29 Apr 16

Mitsubishi Motors North America (MMNA) last night (29 April) said vehicles sold in the United States were not impacted by the fuel consumption testing data irregularities the automaker has admitted to...read more


Goodyear records Q1 net income down 18% to US$184m29 Apr 16

Goodyear has unveiled first quarter net income down 18% to US$184m and sales down US$0.4bn to US$3.7bn, largely due to unfavourable foreign currency translation of US$141m and the deconsolidation of t...read more


Ford to idle top-selling truck's plant for a week to fix body/paint holdups29 Apr 16

Ford Motor, which announced record quarterly profits on Thursday (29 April), said last night it was idling its F-150 pickup factory near Kansas City for a week in May to rectify a problem preventing t...read more


Edmunds calls April US light vehicle sales at 1.5m29 Apr 16

Edmunds.com has forecast 1,514,855 new cars and trucks will be sold in the US in April for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.5m.The projected sales would be a 4.8% decrease fro...read more


GM injects US$789m into Tennessee engine programme29 Apr 16

General Motors is to plough US$788.7m into a new engine programme, as well as projects to modernise vehicle operations at its Spring Hill Manufacturing Plant, creating 792 jobs and retaining 16 posts....read more


Gestamp net profit up 28.5% in 201528 Apr 16

Gestamp says its net profit increased by 28.5% to EUR161.5m in 2015. Operating profit was up by 18.6% to EUR400m and turnover was up 12.4% to EUR7bn....read more


Visteon records Q1 net income of US$19m28 Apr 16

Visteon has posted first-quarter results, reporting net income of US$19m and sales of US$802m, while adjusted EBITDA was US$89m compared with US$78m in the same period last year....read more


BorgWarner unveils Q1 net sales up 14.3% to US$2.3bn28 Apr 16

BorgWarner has recorded Q1 net sales of US$2.3bn, up 14.3%, with operating income of US$264m...read more


Ford books record Q1 pre-tax profit28 Apr 16

Ford Motor Company on Thursday (28 April) announced a record quarterly pre-tax profit of US$3.8bn for the first quarter of 2016, up $2.1bn; net income up 113% to $2.5bn, up $1.3bn and after-tax earnin...read more


Peter Lake to head booming ZF Asia-Pacific28 Apr 16

ZF board member, Peter Lake is to assume responsibility for Asia-Pacific, which has seen sales double in the region from around EUR3bn (US$3.4bn) to EUR6.4bn....read more


German government incentivises electric car sales28 Apr 16

The German government has reached a deal with carmakers to jointly spend EUR1.2bn (US$1.4bn) on incentives to boost electric car sales....read more


Bosch records 2015 revenue of EUR70.6bn28 Apr 16

Bosch has posted 2015 EBIT of EUR4.6bn (US$5.2bn) on revenue of EUR70.6bn, with the full acquisition of two former 50:50 joint ventures, BSH Hausgeräte and Robert Bosch Automotive Steering, pushing sa...read more


Jaguar Land Rover achieves aluminium recycling milestone28 Apr 16

Just days after its former owner, Ford, announced it recycles as much as 20m pounds of stamping scrap each month using a closed-loop system at its Dearborn Truck Plant, now-Tata Motors-owned Jaguar La...read more


Honda schedules post-earthquake factory restarts28 Apr 16

Honda Motor said on Thursday (28 April) it would partially resume operations on 6 May at its earthquake-damaged Kumamoto factory (Ozu-machi, Kikuchi-gun, Kumamoto Prefecture), which had previously bee...read more


Gentherm wins first electronics component contract27 Apr 16

Gentherm, which claims to be "the global market leader and developer of innovative thermal management technologies", announced today that its electronics business unit (EBU) has developed a "unique, l...read more


FCA North America factory rationalisation on target for early 2018 - report27 Apr 16

Fiat Chrysler Automobiles chief executive Sergio Marchionne has a rearrangement of North American factories to favour truck and Jeep production over car output will be completed by early 2018....read more


Guangzhou looks to FCA for US entry - report27 Apr 16

FCA China partner Guangzhou Automobile Group is reportedly looking for help from FCA with its US market entry strategy....read more


PSA posts Q1 revenue of EUR13bn27 Apr 16

PSA has recorded first quarter revenue of EUR13bn (US$14.7bn), of which EUR8.8bn was for the Automotive division, an increase of 1.5% at constant exchange rates and EUR4.7bn for Faurecia....read more


Coalition formed to speed self-drivers27 Apr 16

Google, Ford, Volvo and the ride-sharing services Uber and Lyft are forming a coalition to push for federal action to help speed self-driving cars to market....read more


FCA to retool Trenton engine plant for new four-cylinder line27 Apr 16

FCA US has announced a planned spend of US$74.7m at its Trenton Engine Complex in Michigan to retool the north plant to produce a new generation four-cylinder engine (replacing the current 3.6-litre P...read more


EquipAuto to outline 2017 show initiatives27 Apr 16

Organisers of next year's EquipAuto aftermarket show in Paris are to unveil a raft of initiatives to tempt international exhibitors back to the French capital in a bid to regain numbers before the fin...read more


SMMT reiterates backing for UK EU membership27 Apr 16

UK automotive trade association, SMMT says it firmly believes there is still a "compelling case" for Britain to remain in the European Union (EU)....read more


Resurgent UK opportunity for suppliers - SMMT27 Apr 16

SMMT chief executive, Mike Hawes says the continuing powerful performance of the UK car industry is presenting real opportunities for domestic suppliers....read more


Diesel "fundamental" for CO2 targets - SMMT27 Apr 16

UK automotive trade association, SMMT, says diesel remains firmly part of targets to drive down CO2 levels, despite the undoubted negative publicity of late....read more


BEIJING 2016 - world premieres list26 Apr 16

As happens every two years, there was a vast number of vehicle and concept world premieres at the Beijing motor show. Arguably the most important were the Acura CDX, Changan CX70, Geely Emgrand GS, Ho...read more


Ford spending $1.6bn on US plants26 Apr 16

Ford announced on Tuesday it would spend US$1.6bn to upgrade two of its factories in Michigan and Ohio, creating or retaining 650 hourly jobs in the US....read more


Mitsubishi improperly tested fuel economy for 25 years - report26 Apr 16

Mitsubishi Motors reportedly has admitted improperly tested the fuel economy of its cars for the past 25 years, deepening a crisis that has already wiped out half its market value....read more


Mazda builds 1m MX-5s in 27 years26 Apr 16

Mazda Motor Corporation has built over 1m units of the MX-5 (aka Mazda Roadster in Japan; Miata in Japan/US) in 27 years. Mass production started at the automaker's Ujina Plant No. 1 in Hiroshima in A...read more


North America dominates FCA Q1 performance26 Apr 16

Fiat Chrysler Automobiles has beaten analysts' first-quarter profit forecasts, helped by a strong performance in North America....read more


Ford launches new EcoBlue 'Euro VI' diesel engine line26 Apr 16

Ford has announced its first new 'EcoBlue' advanced diesel engine which, it said, would "offer optimised fuel efficiency and reduced CO2 and NOX emissions for customers, using sophisticated technologi...read more


BEIJING - PSA launches DS 4S premium hatchback26 Apr 16

PSA Group launched a new model exclusively for the Chinese market at this week's Beijing show - the DS 4S. Designed in France and produced at PSA's Shenzhen joint venture factory, the car is positione...read more


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