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Akebono Brake to close six plants worldwide in turnaround plan

19 September 2019 | just-auto.com editorial team

Akebono Brake to close six plants worldwide in turnaround plan just-auto.com editorial team Struggling Japanese components maker Akebono Brake Industry said it would end operations at six manufacturi... read more


Wabco joins Plug and Play’s extensive global partnership network

16 September 2019 | Dave Leggett

Wabco joins Plug and Play’s extensive global partnership network Dave Leggett Wabco Holdings has signed a three-year agreement to be an Anchor Partner with Plug and Play, a global innovation platform... read more


JLR further invests in US AV manufacturer Voyage

16 September 2019 | Dave Leggett

JLR further invests in US AV manufacturer Voyage Dave Leggett Tata-owned Jaguar Land Rover's venture capital arm InMotion Ventures has announced its follow-on investment into autonomous vehicle ... read more


Knorr-Bremse books record first half revenue

12 September 2019 | Graeme Roberts

Knorr-Bremse books record first half revenue Graeme Roberts Commercial vehicle braking specialist Knorr-Bremse booked EBITDA of EUR669m in the first six months of 2019, up 14.9% compared with EUR582m... read more


Brose finding 2019 a challenge

11 September 2019 | Graeme Roberts

Brose finding 2019 a challenge Graeme Roberts The current fiscal year did not begin as well as hoped for door systems specialist supplier Brose, a top executive said. "Compared to the first half... read more


Moody's downgrades Ford credit rating to junk

10 September 2019 | Dave Leggett

Moody's downgrades Ford credit rating to junk Dave Leggett Moody's Investors Service has cut Ford's credit rating to junk due to the company's weak earnings and cash generation outlo... read more


Nissan CEO Saikawa safe for now despite over pay

6 September 2019 | Graeme Roberts

Nissan CEO Saikawa safe for now despite over pay Graeme Roberts Nissan Motor is not currently considering asking embattled CEO Hiroto Saikawa to resign, two sources told the Reuters news agency on Fr... read more


Nissan CEO overpaid - report

5 September 2019 | Graeme Roberts

Nissan CEO overpaid - report Graeme Roberts Nissan Motor is now embroiled in another scandal over executive pay after chief executive Hiroto Saikawa reportedly admitted to being overpaid in violation... read more


Continental considers full powertrain division spin-off

3 September 2019 | Dave Leggett

Continental considers full powertrain division spin-off Dave Leggett Continental is now considering a full spin-off of its powertrain business unit rather than a partial IPO (the option also sti... read more


Nvidia reports Q2 2019 revenue at US$2.58bn

20 August 2019 | Dave Leggett

Nvidia reports Q2 2019 revenue at US$2.58bn Dave Leggett Nvidia has reported revenue for the second quarter ended 28 July 2019, of US$2.58bn compared with US$3.12bn a year earlier and US$2.22bn in th... read more


China XD Plastics boosts Q2 operating and net profit

14 August 2019 | Graeme Roberts

China XD Plastics boosts Q2 operating and net profit Graeme Roberts China XD Plastics, supplier of polymer composite materials primarily for automotive applications, said second quarter 2019 rev... read more


Uber faces large fine in Colombia

13 August 2019 | Graeme Roberts

Uber faces large fine in Colombia Graeme Roberts Colombia's commerce regulator said it would fine ride-hailing company Uber Technologies more than US$629,000 for obstructing a regulatory visit in... read more


First half industry slowdown hits Nexteer results

13 August 2019 | Graeme Roberts

First half industry slowdown hits Nexteer results Graeme Roberts Steering specialist Nexteer Automotive said it faced challenges during the first half of 2019, including slowing OEM light vehicle pro... read more


Daimler leads Carwow funding round

9 August 2019 | Dave Leggett

Daimler leads Carwow funding round Dave Leggett Carwow, a UK-based online new car sales platform, has closed a GBP25m funding round, led by Daimler. The funding injection will be used to acceler... read more


Schaeffler Q2 revenue down 1% to EUR3.6bn

8 August 2019 | Simon Warburton

Schaeffler Q2 revenue down 1% to EUR3.6bn Simon Warburton Schaeffler has posted second-quarter revenue marginally down 1% to EUR3.6bn (US$4bn), with EBIT falling to EUR253m from EUR382m. "T... read more


Magna reports tougher second quarter

8 August 2019 | Graeme Roberts

Magna reports tougher second quarter Graeme Roberts Magna International said results came in slightly ahead of its expectations in the second quarter of 2019, driven by body exteriors & structure... read more


CAAS sees Q2 slump as consumer spending and economy slow

8 August 2019 | Graeme Roberts

CAAS sees Q2 slump as consumer spending and economy slow Graeme Roberts China Automotive Systems (CAAS), a power steering components and systems supplier in China, said second quarter net sales fell ... read more


Tenneco Q2 net income down 45% to US$26m

8 August 2019 | Simon Warburton

Tenneco Q2 net income down 45% to US$26m Simon Warburton Tenneco has reported second-quarter net income down 45% to US$26m, with revenue of US$4.5bn, which includes US$1.9bn from acquisitions. S... read more


Continental Q2 net income down 41% to EUR485m

8 August 2019 | Simon Warburton

Continental Q2 net income down 41% to EUR485m Simon Warburton Continental has posted second-quarter net income attributable to the shareholders of the parent down 41% to EUR484.8m (US$544m). Con... read more


Volkswagen boosts Porsche SE profit

7 August 2019 | Graeme Roberts

Volkswagen boosts Porsche SE profit Graeme Roberts After tax profit at Porsche SE was EUR2.38bn in the first six months of 2019 compared to EUR1.90bn a year ago. This was helped by the prof... read more


Novelis Q1 FY2020 sales down 6% to US$2.9bn

7 August 2019 | Simon Warburton

Novelis Q1 FY2020 sales down 6% to US$2.9bn Simon Warburton Novelis has reported first-quarter net income attributable to its common shareholder of US$127m for the first quarter of fiscal year 2020, ... read more


Adient records Q3 net loss of US$321m

6 August 2019 | Simon Warburton

Adient records Q3 net loss of US$321m Simon Warburton Adient has posted a third-quarter net loss of US$321m, impacted by various one-time, non-cash charges totalling US334m. "Adient's turnaround... read more


Daimler ride sharing in Romania gets capital boost

6 August 2019 | Graeme Roberts

Daimler ride sharing in Romania gets capital boost Graeme Roberts Clever Tech, the company that owns the clevertaxi.ro ride sharing application and was fully taken over by Daimler group in April 2017... read more


Toyota trims profit forecast on strong yen

2 August 2019 | Dave Leggett

Toyota trims profit forecast on strong yen Dave Leggett The stronger yen currency has resulted in Toyota trimming its annual operating profit forecast despite posting a good set of quarterly results.... read more


ZF H1 sales down 1.7% to EUR18.4bn

2 August 2019 | Simon Warburton

ZF H1 sales down 1.7% to EUR18.4bn Simon Warburton ZF has posted first-half sales down 1.7% to EUR18.4bn (US$20.4bn), while adjusted EBIT stood at EUR650m. Based on business performance to date ... read more


Dana posts Q2 net income of US68m as pension charges hit

2 August 2019 | Simon Warburton

Dana posts Q2 net income of US68m as pension charges hit Simon Warburton Dana has recorded second-quarter net income down 45% to US$68m due to a pension settlement,  although sales increased by ... read more


New trucks give GM a Q2 boost

1 August 2019 | Graeme Roberts

New trucks give GM a Q2 boost Graeme Roberts General Motors booked a solid 1.6% rise in second quarter 2019 operating income to US$2.4bn as redesigned light duty pickup trucks found success in North ... read more


BMW Q2 earnings down, but full year targets unchanged

1 August 2019 | Dave Leggett

BMW Q2 earnings down, but full year targets unchanged Dave Leggett BMW has posted second quarter results that show earnings down by around a fifth. BMW Group posted profit before financial result (EB... read more


Delphi Q2 and H1 results down in 'challenging' environment

1 August 2019 | Graeme Roberts

Delphi Q2 and H1 results down in 'challenging' environment Graeme Roberts Delphi Technologies reported second quarter 2019 earnings of $0.31 per share compared to $0.97 per share in Q2 2018. Exc... read more


JAC Motors and Weichai sign strategic cooperation agreement

1 August 2019 | Dave Leggett

JAC Motors and Weichai sign strategic cooperation agreement Dave Leggett JAC Motors and Weichai have signed a strategic cooperation agreement in Hefei, Anhui, where JAC Headquarters is located. Chair... read more


Mazda Q1 operating profit plunges 79%

1 August 2019 | Graeme Roberts

Mazda Q1 operating profit plunges 79% Graeme Roberts Mazda has reported a 79% plunge in operating profit for its first fiscal quarter - not as bad as Nissan's 99% - but still cause for concern. ... read more


Aptiv Q2 net income falls 6% to US$274m

1 August 2019 | Simon Warburton

Aptiv Q2 net income falls 6% to US$274m Simon Warburton Aptiv has reported second-quarter net income down 5.8% to US$274m, while revenue fell 2% to US$3.6bn. "Aptiv's second-quarter performance,... read more


FCA happy with Q2 performance though Maserati needs work

31 July 2019 | Graeme Roberts

FCA happy with Q2 performance though Maserati needs work Graeme Roberts FCA reported second quarter 2019 net profit of EUR0.8bn, adjusted net profit of EUR0.9bn, adjusted EBIT of EUR1.5bn and ma... read more


Aptiv reports Q2 and H1 results

31 July 2019 | Graeme Roberts

Aptiv reports Q2 and H1 results Graeme Roberts Aptiv reported second quarter 2019 US GAAP earnings of $1.07 per share. Excluding special items, second quarter earnings totaled $1.33 per share. ... read more


Aston Martin reports first half loss of GBP79m

31 July 2019 | Dave Leggett

Aston Martin reports first half loss of GBP79m Dave Leggett Luxury sportscar maker Aston Martin has reported a first half loss of GBP78.8m (compares with a profit of GBP21m in same period last year).... read more


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