Honda forecasts profit drop despite positive quarter

April 28, 2017 10:53 CET

Honda swung back to profitability in the latest quarter as the company put Takata-related recall costs behind it, but a worsening foreign exchange outlook and a one-off pension expense forced the Japanese automaker to forecast falling profits in the fiscal year that has just begun.... Read More »

Peugeot said to fire top German execs after sales promotion was too popular

April 28, 2017 12:07 CET

PSA fired three of its top managers in Germany after a sales campaign led to thousands of Peugeot 208 cars being sold at more than 40 percent off their list price, according to a report.... Read More »

Mazda quarterly operating profit plunges 56%

6:20 am U.S. ET | April 28, 2017

Mazda's operating profit tumbled 56 percent in the latest quarter, as a deteriorating sales mix, foreign exchange rate losses and recall costs undermined results.... Read More »

Grammer says influence of Bosnian investor could put firm at risk

April 28, 2017 12:15 CET

Grammer warned that the influence of a Bosnian investor has led to a decline in orders and could pose a risk to the company's viability. The Hastor family, which owns a stake of at least 20 percent in Grammer, has criticized the German supplier's management and campaigned for seats on its board of directors.... Read More »

Skoda expands SUV focus with upcoming Karoq

April 28, 2017 11:06 CET

Skoda says its new Karoq will be a key model in helping the brand to achieve new sales records. The compact SUV will replace the Yeti in the VW Group brand's lineup.... Read More »

Continental expects to comfortably reach annual targets after strong Q1

April 28, 2017 09:40 CET

Continental said it expected to comfortably reach its financial targets for 2017 after its underlying earnings rose about 10 percent in the first quarter.... Read More »

Hyundai teases design of Kona small crossover

April 28, 2017 09:49 CET

Hyundai teased the design of its upcoming Kona subcompact crossover and offered fresh details on the launch timing of a model that will fill a critical gap in the brand's lineup.... Read More »

LUCA CIFERRI

BLOG: China's bigger families are good news for minivan sales

12:01 am U.S. ET | April 28, 2017

China's scrapping of its one-child per family policy has created an unexpected increase in minivan sales.... Read More »

ANE's May issue goes live Monday

April 28, 2017 06:01 CET

The latest issue of the Automotive News Europe monthly magazine goes live on Monday, May 1. The new edition looks at how Seat ended more than a decade of losses and why it expects to become a reliable moneymaker for parent VW Group.... Read More »

Renault revenue rises 25% on new models, Lada consolidation

April 27, 2017 18:05 CET

Renault's first-quarter revenue rose 25 percent as the company launched new models and production deals, and began consolidating Lada sales by Russian affiliate AvtoVAZ.... Read More »

Kia picks Saad Chehab to lead marketing

1:30 pm U.S. ET | April 27, 2017

Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief. The move, effective May 8, brings to Kia the formidable marketing mind behind some of Fiat Chrysler's most acclaimed advertising efforts.... Read More »

Asbury's Q1 net rises 9.7% on F&I, parts and service gains

9:16 am U.S. ET | April 27, 2017

Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat.... Read More »

Visteon triples Q1 net income

2:00 pm U.S. ET | April 27, 2017

Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations.... Read More »

BorgWarner Q1 gains driven by organic growth

2:00 pm U.S. ET | April 27, 2017

BorgWarner delivered strong first-quarter earnings driven by organic revenue growth, and the supplier said it is confident in continued market-share expansion.... Read More »

Ford profits fall on recall charges, higher costs

7:00 am U.S. ET | April 27, 2017

Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1.6 billion, or 42 percent, from a year earlier, when Ford posted its best quarter in the company's 114-year history.... Read More »

Ford's loss on canceled Mexico plant will be lower than expected

9:46 am U.S. ET | April 27, 2017

Ford's loss on its aborted Mexico plant in San Luis Potosi totaled $153 million, 23 percent less than it had originally booked.... Read More »

VIDEO: AutoNews Now: Kia's new marketing chief is imported from FCA

3:45 pm U.S. ET | April 27, 2017

Kia's new marketing chief is imported from FCA; Ford's Fields sees 'opportunities' in Europe; 4th-straight U.S. sales drop predicted; A Calif. self-driving wish list.... Read More »

Toyota recalls 228,000 Tacomas in U.S. for differential oil leaks

3:00 pm U.S. ET | April 27, 2017

Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil.... Read More »

Ally's Q1 net falls 14 percent on increased loan-loss provision

2:19 pm U.S. ET | April 27, 2017

Ally Financial's first-quarter net income dropped 14 percent from a year earlier primarily because of an increased provision for auto losses... Read More »

Tesla's Klaus Grohmann ousted after clash with Elon Musk

12:39 pm U.S. ET | April 27, 2017

Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported.... Read More »

Tesla hikes pay to quell unrest at key German supplier

6:25 am U.S. ET | April 27, 2017

Tesla offered pay rises and job guarantees to defuse labor tensions at a key German supplier, whose founder and CEO left the company late last month, German labor officials said.... Read More »

Wells Fargo, JPMorgan wary of auto loans, pack them in bonds

11:05 am U.S. ET | April 27, 2017

Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.... Read More »

Kia plans $1.1 billion plant in India

9:25 am U.S. ET | April 27, 2017

Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.... Read More »

VIDEO: First Shift: Ford's 'toughest quarter' of 2017?

8:30 am U.S. ET | April 27, 2017

Ford's Q1 profits fall amid costs for recalls, launches; Marchionne: Jeep, Ram able to stand alone; Takata bankruptcy plan?; Trump opts to renegotiate NAFTA; BMW's scare tactic.... Read More »

UK's first-quarter production hits 17-year high on exports

April 27, 2017 09:29 CET

UK car production increased by 7.3 percent in March, helping first-quarter output rise 7.6 percent, its highest level since 2000, as robust exports helped offset a fall in domestic demand.... Read More »

 
China's bigger families are good news for minivan sales

Luca Ciferri
12:01 am U.S. ET | April 28 2017

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China's scrapping of its one-child per family policy has created an unexpected increase in minivan s ...
 Read More ›

Volvo exec says risk factor for XC60 exceeds XC90

Douglas A. Bolduc
5:09 am U.S. ET | April 27 2017

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Volvo's r&d boss says the new XC60 is even more of a high-risk model than the second-generation XC90 ...
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Germany's auto industry welcomes prospect of Macron presidency in France

Christiaan Hetzner
8:34 am U.S. ET | April 24 2017

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Sunday's election outcome in France, in which a moderate Europhile investment banker won the first r ...
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China lands Chevy Volt in a Buick wrapper

Jay Ramey
8:14 am U.S. ET | April 20 2017 UPDATED: 4/20/17 2:27 pm ET - adds details

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Buick offers far more models in China than it does in the U.S. ...
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Tavares' tall task for PSA and Opel: brand management

Luca Ciferri
12:01 am U.S. ET | April 7 2017

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The buzz at last month's Geneva auto show was what would PSA CEO Carlos Tavares do to streamline his enlarged stable of brands, given that Citroen, Peugeot and new addition... ...
 Read More ›

After record high, UK's 'treasure island' status is set to end

Nick Gibbs
4:32 am U.S. ET | April 6 2017

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After March new-car registrations hit an all-time high in the UK, analysts predict an end to the market's long run as a "treasure island" for profits. ...
 Read More ›

Volvo CEO keeps his hiring promise

Douglas A. Bolduc
12:01 am U.S. ET | April 5 2017

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Volvo CEO Hakan Samuelsson promised to make the automaker “younger, more diverse and more international.” He achieved all three with his latest hiring. ...
 Read More ›

Will the quality ghosts of British Leyland haunt Tesla?

Richard Truett
11:28 am U.S. ET | April 4 2017

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Tesla's plan to skimp on testing the Model 3 in real-world driving is fraught with danger. British L ...
 Read More ›

Piech's problem: his 'small-minded' family


5:29 am U.S. ET | April 4 2017

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Ferdinand Piech's decision to sell his stake in his family's holding company that owns a majority st ...
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Tavares has the tools to make PSA-Opel a success

Peter Sigal
12:01 am U.S. ET | April 4 2017

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PSA's pending acquisition of Opel/Vauxhall has all the makings of a prime-time TV drama. ...
 Read More ›

Newsletters & Alerts
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FCA, Ford and Renault gain share as European sales rise 11%
European sales rose 11 percent in March as automakers took advantage of a solid economy and more sel ...
 Read More ›
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VW brand sales rose 2.5% in March but are down for first quarter
Volkswagen brand's global sales rose 2.5 percent in March but slid 1. ...
 Read More ›
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Lada, Kia and Renault see big gains as Russia sales rise nearly 10%
New-car sales in Russia rose 9.4 percent last month as the market's rebound begins to gain momentum. ...
 Read More ›
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UK sales rise 8% in record monthly high
UK new-car registrations rose 8.4 percent to a record monthly high in March as customers brought for ...
 Read More ›
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Spanish market returns to growth
Spanish new-car sales rose 13 percent in March, restarting a positive trend after a flat February. ...
 Read More ›
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German sales rise 11% in March as diesel share declines
New-car sales in Germany increased by 11 percent in March, helped by two extra selling days. Diesel ...
 Read More ›
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Italian market continued to rebound in March
New-car registrations in Italy rose by 18 percent last month, partly due to one more working day tha ...
 Read More ›
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French car sales rise 7% in March on extra selling day
French car sales rose 7 percent in March, helped by an extra selling day. ...
 Read More ›
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European sales rise 2% amid political uncertainty
New-car registrations rose 2 percent in Europe last month even though major brands such as VW, Opel ...
 Read More ›
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W. European sales edge up in February
Western European car sales rose nearly 1 percent in February as demand slowed in key markets. ...
 Read More ›
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Europe's small SUV sales forecast to top 2 million next year
Europe's small SUV/crossover segment is forecast to continue its rapid growth as models from latecom ...
 Read More ›
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New mild hybrid tech will shake up green car sales
Mild hybrid cars with cheaper and less complex technology than plug-in and full hybrids will reduce ...
 Read More ›
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SUV sales rise to 25% of European market
SUVs and crossovers accounted for a quarter of all European passenger vehicle sales last year as mod ...
 Read More ›
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VW Golf, other volume compacts lose share to premium rivals, SUVs
The VW Golf and Ford Focus compacts are being squeezed as premium competitors such as the Mercedes A ...
 Read More ›
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Europe's large premium SUV segment heads for record year
Europe's large premium SUV segment is on track for a record year, helped by rising sales of models s ...
 Read More ›
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Audi, Mercedes push key segment toward milestone
Audi, BMW and Mercedes-Benz are largely responsible for the growing success of the compact premium s ...
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Former GM chief Wagoner joins ChargePoint board
Former GM chief Rick Wagoner, who introduced the Chevrolet Volt plug-in hybrid during his last year ...
 Read More ›
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Bentley Americas chief Winkler to step down
Bentley's Americas chief Michael Winkler will step down from his post on June 1. Mark Del Rosso, Aud ...
 Read More ›
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Volvo recruits former BMW, GM exec to lead procurement
Volvo has lured former BMW and General Motors purchasing executive Martina Buchhauser to take a newl ...
 Read More ›
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VW recruits Daimler exec as chief compliance officer
VW Group has named Daimler executive Kurt Michels as its chief compliance officer. Michels previously worked in the same position at Daimler's trucks, vans and buses division. ...
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Audi's new development boss will start earlier than expected
Former Volvo executive Peter Mertens will become Audi's development chief earlier than anticipated, ...
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Nissan appoints EV expert as new tech boss for Europe
Nissan has appointed company veteran Nobusuke Toukura as the head of its European technical center. ...
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Nissan Europe promotes French exec to sales and marketing chief
Nissan Europe named Philippe Saillard as its new head of sales and marketing, a promotion from his c ...
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Infiniti names former BMW exec Habib as design chief
Infiniti, Nissan's premium brand, named Karim Habib, former global design chief for BMW, as the bran ...
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Nissan's Nakamura retires as design team is shuffled
Shiro Nakamura, who penned some of Nissan's most daring and memorable cars, will retire after 17 yea ...
 Read More ›
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GM, Honda name top management for fuel cell venture
GM and Honda named the top managers that will oversee their newly formed Fuel Cell System Manufactur ...
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Mercedes makes E-class coupe more practical
Mercedes is repositioning its E-class coupe to offer more room and more functionality, promoting the ...
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Kia gives Rio better tech to challenge European rivals
Kia has added driver assistance systems not typical in small cars as well as upgraded connectivity i ...
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Mini maxes out with Countryman
The Mini Countryman has grown to become the BMW subsidiary's biggest model to date and now competes ...
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Nissan plots Micra's return to Europe's top 10
Nissan wants to re-establish the Micra subcompact as one of the 10 top-sellers in Europe's biggest a ...
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Hyundai gives i30 a tech boost
The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 ...
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Toyota gets quirky with C-HR to 'turn heads'
Toyota is a latecomer to Europe's crossover segment with the new C-HR. ...
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Better-connected 5 series gets tech from BMW flagship
BMW has made its 5 series lighter, more economical and fully connected with advanced technology firs ...
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Smart improves ForTwo, ForFour EV variants with Renault tech
Smart has improved its EV technology for the battery-powered versions of its ForTwo and ForFour with ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Suppliers to the new Renault Megane
Assembly of the fourth-generation Renault Megane began in November 2015 at the French automaker's fa ...
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Suppliers to the new Infiniti Q30
Assembly of the all-new Infiniti Q30 began on Daimler's MFA platform in December 2015 at the Nissan' ...
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Suppliers to the new Mercedes C-class Coupe
Assembly of the second-generation Mercedes-Benz C-class Coupe began in Bremen, Germany, in October 2 ...
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Suppliers to the new Opel/Vauxhall Astra
Assembly of the latest Opel/Vauxhall Astra began in Gliwice, Poland, in August 2015 and then in Elle ...
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Suppliers to the new Jaguar F-Pace
Assembly of Jaguar's all-new F-Pace began at parent Jaguar Land Rover's facility at Solihull, Englan ...
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