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Volkswagen counts the cost of 'dieselgate'

31 May 2016 | Ray Hutton

Volkswagen Group pushed expected liabilities from the diesel scandal into the 2015 accounts, so that it can make a new start with a new boss and a new organisation, writes Ray Hutton. However, 2016 is shaping up to be a challenging year for the company.

Nissan-Mitsubishi alliance good news for both

13 May 2016 | Tony Pugliese

Nissan Motor confirmed this week that it has signed an agreement to acquire a 34% stake in Mitsubishi Motors, in a deal worth JPY247bn (US$2.17bn).

THE WEEK THAT WAS - Q1 profits rolling in

6 May 2016 | Graeme Roberts

News that Geely-owned Volvo Cars had made first quarter earnings gains thanks to strong sales of its recently launched, and high margin, XC90 luxury SUV drew a lot of just-auto reader eyeballs this week. Thus proving my long-held theory that new product, and lots of it, usually leads to profits. Volvo has continued the new model roll with the S90/V90 and there's more to come - I'm off to Sweden next week to learn more about the products we can expect on the new CMA architecture co-developed with Geely.

THE WEEK THAT WAS: Q3s and a longer range Leaf

23 October 2015 | Graeme Roberts

A highlight for me in the last week was a go in what Nissan UK bills its third generation Leaf - the 2016 update with an optional longer range 30kwh battery that fits in the same space, weighs 21kg more and propels my favourite EV about 25% further - a theoretical 250 kilometres or, in old money, 155 miles.

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INTERVIEW: CLEPA CEO Jean-Marc Gales - Paris show

2 October 2012 | Simon Warburton

European Automotive Supplier body, CLEPA, continues to power its members' interests in Brussels as well as act as the Continent's arm in negotiations with its Japanese equivalent in JAPIA and American counterparts, OESA. Simon Warburton talked to CLEPA CEO, Jean-Marc Gales at last week's Paris motor show.

INTERVIEW: FKG managing director Fredrik Sidahl

20 March 2012 | Simon Warburton

Newly-appointed managing director of Scandinavian supplier body, FKG, Fredrik Sidahl, was 25 years with Volvo before working for Saab. In the first of two interviews, he talked to Simon Warburton in his Gothenburg office about the collapse of the iconic Swedish brand and gave some frank views on the government's attempts to save it.

Latest news

Takata makes progress selecting investor

30 August 2016 | Tony Pugliese

Takata Corporation has identified up to seven potential investors to help refinance its operations, according to local reports, as the scale of the world’s largest automotive recall has become apparent in the last year.

Volkswagen agrees to settle US dealers' claims

26 August 2016 | Graeme Roberts

Volkswagen's US unit has agreed to settle - "in principle" - claims from dealers related to the diesel emissions testing rigging scandal but the automaker did not detail the amounts to be paid out or the total cost to the company.

just-auto Plus only Westport to sell part of WWI interest to Weichai

23 August 2016 | just-auto plus Extended News

Westport Fuel Systems announced that it has entered into agreements to sell an 11.7% interest in the Weichai Westport ("WWI") joint venture for gross proceeds of CNY48.2m (approximately...

just-auto Plus only Mazda finalises on stock options as compensation

23 August 2016 | just-auto plus Extended News

Mazda Motor Corporation, on 22 August, 2016, announced that the previously undetermined terms for the stock acquisition rights to be issued as stock options in accordance with a resolution of the...

just-auto Plus only JLR with Rockar to launch digital retail website

23 August 2016 | just-auto plus Extended News

Jaguar Land Rover, in partnership with Rockar, will launch a new digital retail website and accompanying store in the Westfield Stratford shopping complex, as it becomes the first premium...

just-auto Plus only Haldex statement to shareholders on public offers

23 August 2016 | just-auto plus Extended News

Since there are currently two on-going public takeover offers to the shareholders of Haldex, Haldex would like to remind the shareholders that the board of Haldex has unanimously recommended the...

Geely Auto first half profits rise, forecast up

19 August 2016 | Graeme Roberts

Geely Automobile Holdings has boosted first half profit after sales in China rose.

ZF unveils recommended Haldex public cash offer

19 August 2016 | Simon Warburton

ZF Friedrichshafen has unveiled a recommended public cash offer to the shareholders of Haldex Aktiebolag to tender all their shares to the German supplier for SEK100 (US$12) per share.

just-auto Plus only Cummins India Q1 2016 sales drop 4%

19 August 2016 | just-auto plus Extended News

The board of directors of Cummins India, in their meeting held on 4 August 2016, took on record the unaudited financial results for the quarter ended 30 June 2016. Net sales of the company for the...

just-auto Plus only Nexteer Automotive H1 2016 revenue up 17.1%

18 August 2016 | just-auto plus Extended News

Nexteer Automotive, a global leader in intuitive motion control, on 17 August 2016, reported financial results for the six month period ended 30 June 2016. First half 2016 highlights:

just-auto Plus only Minda KTSN sign 50:50 JV with SBHAP China

18 August 2016 | just-auto plus Extended News

Minda Corporation, a leading automotive component and flagship company of Spark Minda, Ashok Minda Group, has signed a 50:50 joint venture with Shandong Beiqi Hai Hua Automobile Parts China (a BAIC...

just-auto Plus only Volvo Cars becomes 50% owner of Volvofinans Bank

17 August 2016 | just-auto plus Extended News

Volvo Car and the sixth AP Fund signed an agreement on 28 December 2015 to acquire the Fund's 40% stake in Volvofinans Bank, the leading bank in Sweden in car financing. All regulatory...

just-auto Plus only Virta/HERE collaborate over EV charging service

17 August 2016 | just-auto plus Extended News

A key concern of owning an electric vehicle is “where can I charge my car if I start running out of battery?” HERE Automotive Services solve the problem by providing rich and dynamic...

just-auto Plus only Lanxess Group Q2 2016 sales drops 7.7%

17 August 2016 | just-auto plus Extended News

Speciality chemicals company Lanxess raises its earnings forecast for 2016. The company now expects EBITDA pre exceptionals within a range of EUR930m and EUR970m mainly due to good business...

just-auto Plus only Hankook global sales up 6.6% in Q2 2016

17 August 2016 | just-auto plus Extended News

Hankook Tyre on 16 August 2016, reported its financial results for the second quarter of 2016 with global sales revenue of KRW1.72tn (US$0.00155tn) and an operating profit of KRW310.2bn. Sales...

Leoni victim of EUR40m fraud

16 August 2016 | Simon Warburton

Leoni says it has been the "victim of fraudulent activity," which has seen EUR40m (US$45.1m) flood out of its business through falsified documents and identities, as well as the use of electronic communication channels.

just-auto Plus only Tata AutoComp Systems acquiring TitanX

16 August 2016 | just-auto plus Extended News

Tata AutoComp Systems, a leading auto-component conglomerate, to acquire TitanX - a leading global engine cooling supplier TitanX is a leading engine and powertrain cooling solutions...

just-auto Plus only Cooper Standard acquires AMI fuel/brake business

16 August 2016 | just-auto plus Extended News

Cooper Standard on 15 August 2016, announced its agreement to acquire the automotive fuel and brake business of AMI Industries and related companies. The North American business was acquired in...

just-auto Plus only Bosch Q1 2016 sales and income up 8.6%

16 August 2016 | just-auto plus Extended News

Bosch Limited, a leading supplier of technology and services, posted net sales and income from operations of INR24.76bn (US$370m) in Quarter 1 of the financial year 2016-17, registering an 8.6%...

just-auto Plus only CDTi posts US$8.4m global revenue for Q2 2016

16 August 2016 | just-auto plus Extended News

Clean Diesel Technologies, a leader in advanced emission control technology, reported its financial results for the second quarter ended 30 June 2016. Matthew Beale, CDTi's CEO,...

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