Automakers and Suppliers

VW delays 2015 results due to open issues on emissions

Feb. 5, 2016 14:34 CET

Volkswagen said its emissions scandal will delay its publication of last year's results, as the automaker struggles to determine the financial impact of its cheating.... Read More »

Mercedes sales rise 20% in Jan. on strong China demand

Feb. 5, 2016 13:13 CET

Sales of Mercedes brand cars increased by 20 percent in January to 150,814, buoyed by a 52 percent jump in China sales.... Read More »

Mahindra mulls Pininfarina-designed premium car

Feb. 5, 2016 14:41 CET

Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market.... Read More »

VW launches ad campaign without 'Das Auto' slogan

Feb. 5, 2016 06:01 CET

Volkswagen is launching an advertising campaign in Europe this month that will also roll out globally aimed at winning back trust and sales lost through its diesel emissions-cheating scandal. The campaign drops the slogan "Das Auto" previously used by the automaker in its marketing.... Read More »

Renault-Nissan reports record EV sales in 2015 despite drop in Leaf demand

Feb. 5, 2016 11:37 CET

Renault-Nissan said global sales of battery-powered vehicles rose 2.5 percent to a record 84,754 last year even though there was a slowdown in demand for the Nissan Leaf, the world's best-selling electric vehicle.... Read More »

Toyota quarterly net income rises 4.7% to $5.4 billion

Feb. 5, 2016 09:23 CET

Toyota posted a 4.7 percent gain in quarterly net income and raised its full-year profit forecast slightly due to strong demand in the U.S.... Read More »

Western European car sales rise 6% on Spain, Italy rebound

Feb. 5, 2016 06:01 CET

Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Italy continued to lead demand with double-digit growth.... Read More »

Takata posts quarterly profit gain as airbag recalls mount

6:54 am U.S. ET | Feb. 5, 2016

Takata reported quarterly profit rose from a year earlier, as it seeks to convince automakers including Honda to continue to support it through expanding recalls.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector ends 2015 on a high

Feb. 5, 2016 06:01 CET

The European auto industry ended last year with strong gains in shareholder value across the board at automakers, suppliers and retailers, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.... Read More »

PSA plans to cut 850 jobs at French factory, report says

Feb. 5, 2016 11:04 CET

PSA/Peugeot-Citroen plans to cut the night shift and 850 jobs at its Poissy factory near Paris to adapt to lower output levels as production of the Citroen C3 is moved to Slovakia next year, Reuters reported.... Read More »

Bentley preps fastback Bentayga

1:00 pm U.S. ET | Feb. 4, 2016

Bentley is hatching plans to introduce a sportier, coupelike version of the Bentayga, the brand’s first SUV. Bentley CEO Wolfgang Duerheimer said advance design and engineering work on a performance-enhanced, fastback Bentayga variant are under way, though the program still needs formal approval.... Read More »

GM worker dies at Ohio plant; U.S. investigating

12:06 pm U.S. ET | Feb. 4, 2016

Federal authorities are investigating the death of a General Motors worker at its Defiance, Ohio, casting operations plant this week.... Read More »

Obama seeks $10-a-barrel oil tax for self-driving cars, transport outlays

4:24 pm U.S. ET | Feb. 4, 2016

President Obama will propose a $10 per barrel tax on oil in his fiscal 2017 budget to finance self driving cars, public transit, railroads and other transportation improvements, the White House said.... Read More »

Honda will recall 341,000 Accord sedans in U.S. over restraint system

7:09 am U.S. ET | Feb. 4, 2016

Honda said it will recall 341,000 Accord sedans in the United States to replace an electric control unit used in its restraint system after confirming two injuries linked to the units.... Read More »

Daimler earnings surge 22% on new models

Feb. 4, 2016 09:44 CET

Daimler's fourth-quarter operating profit surged by 22 percent, lifted by demand for SUVs, compact cars and sales of its C class. The company, however, warned of slower growth in 2016 as China cools.... Read More »

Fiat Chrysler preps 2 Super Bowl ads

3:23 pm U.S. ET | Feb. 4, 2016

Fiat Chrysler Automobiles will air two spots during Super Bowl 50 on Sunday. The first ad will air after Coldplay's halftime performance. The second ad will air during the first commercial break in the fourth quarter, FCA revealed today.... Read More »

Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations.... Read More »

Brazil wants to lift Mexico, Argentina trade caps as auto crisis deepens

3:44 pm U.S. ET | Feb. 4, 2016

Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the automotive industry had its worst January in a dozen years.... Read More »

Continental recalls defective airbag control units used in 5 million vehicles

8:03 am U.S. ET | Feb. 4, 2016

Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag safety crisis.... Read More »

VW, seeking approval on emissions fix, replaces top U.S. lawyer

11:33 am U.S. ET | Feb. 4, 2016

Volkswagen AG replaced the head of its U.S. legal department with an outside lawyer as it seeks approval to fix nearly 600,000 vehicles that had software allowing them to cheat on emission levels.... Read More »

Asbury income, revenues up in Q4; vehicle margins down

11:20 am U.S. ET | Feb. 4, 2016

Asbury Automotive Group said net income soared to $41.1 million in the fourth quarter of 2015 as revenues rose 9.1 percent to $1.64 billion.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

Subaru parent says quarterly earnings rise 21%

6:52 am U.S. ET | Feb. 4, 2016

Subaru parent Fuji Heavy Industries reported a bigger-than-expected rise in third-quarter operating profit on strong sales of its Subaru cars and a favorable currency impact, keeping it on track to post a record full-year profit.... Read More »

VW brand sales fall again in UK as market grows 3%

Feb. 4, 2016 11:06 CET

VW brand’s UK car sales fell 14 percent in January, the fourth consecutive monthly drop since the automaker admitted cheating in diesel emissions tests. Total new-car registrations rose nearly 3 percent, making it the market's best January since 2005.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales

Feb. 4, 2016 06:01 CET

Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales rose 9 percent, exceeding initial analyst expectations of 3 percent growth at most.... Read More »

 
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