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HERE/Pioneer announces capital alliance

20 September 2017 | just-auto plus Extended News

HERE/Pioneer announces capital alliance just-auto plus Extended News HERE Technologies (“HERE”) and Pioneer Corporation (“Pioneer”) announced a capital alliance that will resu... read more


VW led L3Pilot research project launched in Germany

15 September 2017 | Richard Jackson

VW led L3Pilot research project launched in Germany Richard Jackson A broadly based European research consortium under the management of the Volkswagen Group is analysing the opportunities for using ... read more


Intel acquiring 15% ownership stake in HERE

4 January 2017 | just-auto plus Extended News

Intel acquiring 15% ownership stake in HERE just-auto plus Extended News Intel has agreed to purchase a 15% ownership stake in HERE, a global provider of digital maps and location-based services, fro... read more


Enel/Verbund/EV carmakers join over EVA+ project

23 December 2016 | just-auto plus Extended News

Enel/Verbund/EV carmakers join over EVA+ project just-auto plus Extended News Electric Vehicle Arteries (EVA+) is an electric mobility project to be carried out in Italy and Austria for which a grant... read more


JAPAN: Toyota to seek price cuts from suppliers

20 August 2015 | Dave Leggett

JAPAN: Toyota to seek price cuts from suppliers Dave Leggett Reports in Japan say that, following a one-year pause, Toyota is to ask suppliers to cut prices as it seeks to improve its competitive pos... read more


GERMANY: Audi, BMW, Daimler buying Nokia's Here maps business

3 August 2015 | Graeme Roberts

GERMANY: Audi, BMW, Daimler buying Nokia's Here maps business Graeme Roberts Audi, BMW Group and Daimler have agreed to buy Nokia Corporation's mapping and location services business Here. "The ac... read more


GERMANY: Porsche eyes 200,000+ 2015 sales

8 January 2015 | Graeme Roberts

GERMANY: Porsche eyes 200,000+ 2015 sales Graeme Roberts Porsche reportedly expects to increase sales to 200,000 cars or more this year, hitting a long-planned target three years early, after posting... read more


RUSSIA: Sales suspended as ruble crisis bites

18 December 2014 | Chris Wright

RUSSIA: Sales suspended as ruble crisis bites Chris Wright Car makers are pulling down the shutters at dealerships across Russia because of the currency crisis which has seen a 40% drop in the value ... read more


JAPAN: Toyota raises profit forecast

5 November 2014 | Tony Lewis

JAPAN: Toyota raises profit forecast Tony Lewis Toyota has raised its profit forecast for the financial year by more than 12% to JPY2 trillion (US$17.5bn) from an earlier forecast of JPY1.78 trillion... read more


GERMANY: BMW to cut labour cost - paper

3 June 2014 | Chris Wright

GERMANY: BMW to cut labour cost - paper Chris Wright BMW is planning to slash EUR100m (US$136m) of German labour costs annually from 2015 onwards, according to the Muenchner Merkur newspaper. Wo... read more


US: Toyota most valuable auto brand

21 May 2014 | Graeme Roberts

US: Toyota most valuable auto brand Graeme Roberts Toyota is the world's most valuable automotive brand, according to a new survey by Millward Brown which ranked the automaker 26th overall. The to... read more


BRAZIL: Fiat profit down 81% in 2013

15 May 2014 | Graeme Roberts

BRAZIL: Fiat profit down 81% in 2013 Graeme Roberts Only two automakers – Fiat and Renault – are organised in Brazil as PLC companies and therefore obligated by law to issue financial res... read more


GERMANY: BMW forecasts record sales and profit for 2014

6 May 2014 | Tony Lewis

GERMANY: BMW forecasts record sales and profit for 2014 Tony Lewis BMW reported Q1 revenues up by 3.9% to EUR18.2bn from EUR17.54bn in the same period last year and forecast group sales this year wou... read more


GERMANY: Cautious VW sees profits jump on stronger sales

29 April 2014 | Tony Lewis

GERMANY: Cautious VW sees profits jump on stronger sales Tony Lewis Volkswagen Group reported a 21.8% jump in operating profit for Q1 to EUR2.9bn (US$4bn) from EUR2.3bn a year ago boosted by record s... read more


FRANCE: Plastic Omnium unveils automotive revenue up 7.2% to EUR4.7bn

27 February 2014 | Simon Warburton

FRANCE: Plastic Omnium unveils automotive revenue up 7.2% to EUR4.7bn Simon Warburton Plastic Omnium has posted automotive revenue up 7.2% to EUR4.7bn (US$6.4bn), with a stronger industrial footprint... read more


INDIA: Currency affects 'underperforming' Hyundai in 2013 - analyst

24 January 2014 | Graeme Roberts

INDIA: Currency affects 'underperforming' Hyundai in 2013 - analyst Graeme Roberts Hyundai’s full-year revenue growth "underperformed significantly when seen alongside the volume growth of 7.3%... read more


FRANKFURT: Daimler sees Mercedes margin boost

11 September 2013 | Graeme Roberts

FRANKFURT: Daimler sees Mercedes margin boost Graeme Roberts Daimler expects profit margin at its Mercedes-Benz luxury car business to improve further next year thanks to a rejuvenated model range, i... read more


GERMANY [updated 3/5/13]: BMW revenues and profit slip in Q1

2 May 2013 | Dave Leggett

GERMANY [updated 3/5/13]: BMW revenues and profit slip in Q1 Dave Leggett Tough trading conditions in Europe have put a dent in BMW's first quarter revenues and profit. First quarter BMW Group rev... read more


GERMANY: Daimler lowers earnings forecast as Q1 profits slump

24 April 2013 | Dave Leggett

GERMANY: Daimler lowers earnings forecast as Q1 profits slump Dave Leggett Daimler has said it now expects earnings to fall this year, following a 60% slump in first quarter profits and a 3% decline ... read more


JAPAN: Weakening yen boosts carmaker profits

15 March 2013 | Chris Wright

JAPAN: Weakening yen boosts carmaker profits Chris Wright Japanese carmakers look set to make sharp gains in earnings this fiscal year thanks to increased sales and a weakening yen, said the Nikkei ... read more


GERMANY: Audi posts solid results, but warns on economic environment

12 March 2013 | Graeme Roberts

GERMANY: Audi posts solid results, but warns on economic environment Graeme Roberts Volkswagen's Audi Group has posted financial results for calendar 2012 that, while including significant sales gain... read more


UK: GKN 2012 pretax profit up 19%

26 February 2013 | Graeme Roberts

UK: GKN 2012 pretax profit up 19% Graeme Roberts GKN has reported 2012 sales up 13% and pretax profit up 19%. "2012 was another strong year for GKN with record profits in all four divisions. ... read more


SOUTH KOREA: Hyundai Motor unfazed by weakening yen

24 January 2013 | Graeme Roberts

SOUTH KOREA: Hyundai Motor unfazed by weakening yen Graeme Roberts Hyundai Motor sees no immediate threat from the weakening Japanese yen but promised toughen its readiness against its Japanese and g... read more


AN CONGRESS: Confident contract assembler GAZ eyes 10% EBIT hike

17 January 2013 | Simon Warburton

AN CONGRESS: Confident contract assembler GAZ eyes 10% EBIT hike Simon Warburton Renewed confidence at GAZ Group sees the Russian automaker predicting a 10% hike in EBIT (earnings before interest and... read more


INDONESIA: Salim group to buy back control of Indomobil

17 December 2012 | Staff reporter

INDONESIA: Salim group to buy back control of Indomobil Staff reporter Singapore’s Gallant Venture is reported to have signed a conditional purchase agreement for a majority stake in PT Indomob... read more


SOUTH KOREA: Hyundai profitability matches BMW

19 November 2012 | Graeme Roberts

SOUTH KOREA: Hyundai profitability matches BMW Graeme Roberts Hyundai Motor saw its profitability match the level of BMW, far outperforming several major automakers such as Volkswagen and General Mot... read more


FRANCE: Old world gloom forces Faurecia to axe 1,500 jobs but Russia/North America bright

12 November 2012 | Simon Warburton

FRANCE: Old world gloom forces Faurecia to axe 1,500 jobs but Russia/North America bright Simon Warburton Faurecia says restructuring costs in Western Europe will total EUR190m (US$242m) by the end o... read more


US: CVG Indian unit acquires seat maker

8 November 2012 | Graeme Roberts

US: CVG Indian unit acquires seat maker Graeme Roberts Commercial Vehicle Group's Indian unit, CVG Seating (India) has acquired seat assembly assets of Vijayjyot Seats which has three leased facili... read more


GERMANY: MAN profits plunge 64% as demand falters

31 October 2012 | Tony Lewis

GERMANY: MAN profits plunge 64% as demand falters Tony Lewis MAN, the Munich-based truck maker majority owned by Volkswagen, has joined rivals, including Volvo and Daimler, in predicting that Europe&... read more


INDIA: Labour strife hits Maruti Suzuki profits

30 October 2012 | Graeme Roberts

INDIA: Labour strife hits Maruti Suzuki profits Graeme Roberts Maruti Suzuki has reported a 5.4% fall in second fiscal quarterly profit, its fifth straight such dip, after it was hit by production ... read more


FRANCE: PSA $9bn guarantee challenged by automakers and politicians

26 October 2012 | Simon Warburton

FRANCE: PSA $9bn guarantee challenged by automakers and politicians Simon Warburton Automakers and politicians are lining up to challenge the EUR7bn (US$9bn) put up by the French government as a guar... read more


SWEDEN: Profits slump at truck maker Volvo

25 October 2012 | Tony Lewis

SWEDEN: Profits slump at truck maker Volvo Tony Lewis Volvo, the world’s second largest truck maker behind Daimler, reported operating profits down to SEK2.9bn (US$433m) from SEK5.8bn a year ag... read more


CANADA: Magna adds to pump capability with $400m deal

2 October 2012 | Tony Lewis

CANADA: Magna adds to pump capability with $400m deal Tony Lewis Magna International has expanded its engine and transmission pump business with the acquisition of Germany's Ixetic Verwaltungs, a man... read more


SOUTH KOREA: BMW and Hyundai tops for operating margin - study

15 August 2012 | Graeme Roberts

SOUTH KOREA: BMW and Hyundai tops for operating margin - study Graeme Roberts BMW and Hyundai Motor outperformed other domestic and foreign auto companies in terms of operating margin in the first ha... read more


GERMANY: Volkswagen defies suggestions to axe loss-making Seat

10 August 2012 | Graeme Roberts

GERMANY: Volkswagen defies suggestions to axe loss-making Seat Graeme Roberts Perennial loss-making Spanish subsidiary Seat is dragging Volkswagen down and it would make sense to close it down and ... read more


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