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VW boosts Q2 profit on Europe recovery but lowers sales forecast as China slows

July 29, 2015 09:27 CET
Volkswagen posted higher quarterly profit on a strengthening European recovery and cost cuts but lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.

VW says China sales may decline this year

July 29, 2015 17:19 CET
Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market.

PSA reports positive H1 earnings for first time in four years

July 29, 2015 08:33 CET
PSA/Peugeot-Citroen posted positive first-half net income for the first time in four years as the automaker tightened control on spending and sold...

PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET
PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares...

Nissan Q1 profit jumps on strong U.S. sales, weak yen

July 29, 2015 10:36 CET
Nissan said first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in the U.S.

GM will invest $1 billion in India, plans to double market share by 2020

July 29, 2015 12:59 CET
General Motors plans to invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in...

Ford posts strongest Q2 auto profit in 15 years but Europe swings to loss

July 28, 2015 13:00 CET
Ford's Q2 earnings increased 44 percent, marking the best quarterly profit from its automotive business since 2000, despite losses in Europe and...

Daimler, Renault-Nissan detail plans for Mexico JV plant

July 28, 2015 19:44 CET
Daimler and Renault-Nissan said their new plant for Mercedes-Benz and Infiniti cars in Mexico, will have an initial production capacity of more than...

VW passes Toyota for global sales lead in first half

July 28, 2015 08:26 CET
Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half.

GM, China's SAIC plan new vehicle family for emerging markets

July 28, 2015 06:01 CET
GM and China's SAIC will develop a new range of small cars based on a common architecture that will be built and sold under the Chevrolet name in...

Jeep hacking sends warning to BMW, Audi and Mercedes

July 28, 2015 10:55 CET
When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete...

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET
Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.

Pininfarina, Mahindra will resume sale talks in September, report says

July 28, 2015 16:43 CET
Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in...

VW's MAN truck unit expects profit drop on restructuring costs

July 28, 2015 11:27 CET
Volkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as...

Daimler in talks on truck partnership, Iran Khodro says

July 28, 2015 12:01 CET
Daimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO...

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET
Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said.

Audi aims to raise China sales with revamped A4

July 27, 2015 13:43 CET
Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month...

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET
Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand...

Daimler will test self-driving trucks this year, report says

July 27, 2015 11:23 CET
Daimler is planning to test self-driving trucks as early as this year, Wolfgang Bernhard, chief of the automaker's trucks business, told a German...

Fiat Chrysler hit with record $105 million U.S. penalty

July 26, 2015 10:30 CET
Fiat Chrysler agreed to pay a $70 million fine as part of a potential $105 million civil penalty, accept three years of additional oversight by an...

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