Manufacturing

Bitter rivals at home, GM and Ford taking different roads abroad

12:01 am U.S. ET | April 25, 2015

General Motors and Ford, Detroit's two venerable rivals, usually compete toe-to-toe in everything they do. But in Russia, they are headed in radically different directions.... Read More »

Higher octane fuel could add mpg, SAE panel says

12:01 am U.S. ET | April 25, 2015

In a world of higher octane gasoline -- in which 95 would replace 87 and become the new regular -- automakers could more easily and affordably meet stringent fuel economy standards as well as reduce carbon dioxide emissions.... Read More »

Volvo will build new compacts in Belgium, CEO says

April 24, 2015 14:57 CET

Volvo will build a new family of compact cars on a common platform shared with parent Zhejiang Geely at its Belgian factory, CEO Hakan Samuelsson said. The compacts may also be built in China, the CEO said.... Read More »

Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020

11:39 am U.S. ET | April 24, 2015

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production.... Read More »

Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier.... Read More »

Valeo posts quarterly sales gain on Europe, China

April 24, 2015 11:56 CET

Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia.... Read More »

Haldex first-quarter profit rises 37%

April 24, 2015 11:10 CET

Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year.... Read More »

GM profit rises, aided by North America

7:45 am U.S. ET | April 23, 2015

General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion.... Read More »

Pricing pressure in U.S., China raises fears about future auto profits

3:20 pm U.S. ET | April 23, 2015

The strength of the US and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits.... Read More »

Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing

5:45 am U.S. ET | April 23, 2015

A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States.... Read More »

Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers

3:40 pm U.S. ET | April 23, 2015

Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. The plant builds the Focus and C-Max, whose sales are down a combined 22 percent this year after falling 15 percent last year.... Read More »

Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector.... Read More »

GM gets boost from smaller pickups, but doubters question for how long

10:29 am U.S. ET | April 23, 2015

General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models.... Read More »

UK car production rises 1.9% in March

April 23, 2015 14:22 CET

UK car production rose 1.9 percent last month, the best March figure since 2006, according to the Society of Motor Manufacturers and Traders (SMMT). Through March output fell 0.6 percent, the SMMT said.... Read More »

Hyundai may boost SUV capacity in U.S., China after Q1 profit dips

10:04 am U.S. ET | April 23, 2015

South Korea's Hyundai Motor may boost production of SUVs in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends.... Read More »

PSA's Tavares open to adding partners to Toyota JV

April 23, 2015 13:53 CET

PSA/Peugeot-Citroen is open to bringing in more partners to its existing collaboration with Toyota to share the cost of designing and manufacturing minicars, PSA CEO Carlos Tavares said.... Read More »

Toyota keeps global sales lead over VW on U.S. demand

April 23, 2015 11:37 CET

Toyota beat Volkswagen and General Motors to remain the world's top-selling automaker during the last quarter despite declining deliveries. Demand for SUVs has helped to boost Toyota's market-share gains in the U.S. during the quarter as Volkswagen continued to struggle in the market.... Read More »

Honda will cut European Civic production costs with global platform

April 23, 2015 06:01 CET

Honda will significantly reduce production costs on its next European Civic compact hatchback by basing it on a global platform. Honda will launch its next-generation Civic five-door in Europe in 2017. Like the current car, it will be built at the automaker’s plant in England and will be exported to the U.S. and other markets outside Europe for the first time.... Read More »

TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million.... Read More »

Tesla to unveil home and utility batteries April 30

6:51 am U.S. ET | April 22, 2015

Tesla Motors Inc. will announce a home battery and a “very large” utility-scale battery on April 30, according to an e-mail sent to investors and analysts.... Read More »

Ford F-150 regular cab, SuperCab join SuperCrew with 5-star safety ratings

7:00 pm U.S. ET | April 22, 2015

The redesigned Ford F-150 pickup has earned the government's highest possible crash safety rating, answering worries that the truck's all-new aluminum body would compromise crashworthiness.... Read More »

Autoliv predicts more growth after Q1 revenues rise

April 22, 2015 16:05 CET

Autoliv says it expects higher second-quarter sales growth after producing first-quarter earnings above market expectations on the back of strong sales in Europe and lower overall costs.... Read More »

GABE NELSON

BLOG: Why the auto industry should root for Tesla's battery play

3:20 pm U.S. ET | April 22, 2015

Tesla's plan to sell batteries for homes and businesses could create a new market for automakers' battery and hydrogen fuel cell technology.... Read More »

Auto safety technology trumps entertainment for consumers, J.D. Power study finds

1:00 pm U.S. ET | April 22, 2015

Automakers should invest in safety technology, over entertainment and convenience, to satisfy customers, according to a J.D. Power study released today.... Read More »

Peugeot, IBM agree to develop new connected-car services

8:26 am U.S. ET | April 22, 2015

PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said today.... Read More »

 
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