OEM Coverage

Brembo expects slower growth on ramp up of U.S., Mexico plants

July 28, 2016 22:44 CET

Brembo expects sales to grow 9 percent to 9.5 percent this year, slightly below the 10.4 percent posted in the first six months, as it starts operations at two new plants in North America.... Read More »

BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars

4:16 pm U.S. ET | July 28, 2016

BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.... Read More »

Ex-Porsche CEO Wiedeking finally in the clear over VW takeover charges

July 28, 2016 22:28 CET

German prosecutors dropped an appeal against a court ruling that acquitted former Porsche CEO Wendelin Wiedeking of market manipulation during a 2008-2009 takeover battle with Volkswagen.... Read More »

Ford posts 9% decline in Q2 profit, warns of challenges ahead

7:15 am U.S. ET | July 28, 2016

Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.... Read More »

Lear Q2 earnings rise on gains in both seating and electronics

4:06 pm U.S. ET | July 28, 2016

Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.... Read More »

Visteon says it booked record $1.6 billion in new business during Q2

3:07 pm U.S. ET | July 28, 2016

Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.... Read More »

PSA names new Peugeot, China, Europe chiefs

July 28, 2016 15:15 CET

PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions.... Read More »

Renault first-half profit rises 41% on new models, Europe recovery

July 28, 2016 08:50 CET

Renault's first-half operating profit jumped 41 percent, thanks to a refreshed model lineup and a rebounding European auto market but increased spending to lower diesel engine emissions put the automaker's productivity target at risk.... Read More »

VW brand Q2 profit falls 12% on emissions scandal effects

July 28, 2016 09:24 CET

VW Group's namesake brand posted a 12 percent drop in second-quarter profit, after cost cuts and streamlining fell short amid rising costs of the company's diesel scandal.... Read More »

Renault cuts Ghosn's bonus by 20 percent

July 28, 2016 06:01 CET

Renault has cut the bonus of CEO Carlos Ghosn by 20 percent following pressure from French government, which urged the automaker to rein in Ghosn's pay after shareholders opposed his $7.92 million payout in 2015.... Read More »

PSA posts record first-half earnings, downplays Brexit

July 27, 2016 08:18 CET

PSA unveiled record first-half profits on productivity gains and a European market rebound. The automaker said its operational margin resisted sterling's fall against the euro after the UK voted to quit the EU.... Read More »

Fiat Chrysler Q2 profit boosted by Jeep, Europe rebound

July 27, 2016 13:33 CET

Fiat Chrysler said adjusted operating profit for the second quarter rose 16 percent to 1.63 billion euros. The company benefited from robust demand for Jeep SUVs and Ram pickups in North America, while a European market recovery helped to bolster profit in the region.... Read More »

Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacks

3:24 pm U.S. ET | July 27, 2016

Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit.... Read More »

GM, aiming for strong 2016 finish, to hike truck output

3:03 pm U.S. ET | July 27, 2016

General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said Wednesday.... Read More »

Ferrari, Altair Product Design team up for next-gen vehicle platform

2:52 pm U.S. ET | July 27, 2016

Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company’s next-generation vehicle platform.... Read More »

Superior Industries more than doubles Q2 net income

12:28 pm U.S. ET | July 27, 2016

Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased use of its new plant in Mexico.... Read More »

UAW blasts Renault-Nissan for denying French lawmaker a meeting

12:37 pm U.S. ET | July 27, 2016

The UAW criticized the Renault-Nissan Alliance after it turned down a meeting with a member of the French parliament at its Canton, Miss., plant, which the UAW hopes to unionize.... Read More »

FCA boosts 2016 profit target as Jeep fuels Q2 rise

7:47 am U.S. ET | July 27, 2016

Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs.... Read More »

Toyota, Mitsubishi, Volvo improve the most in J.D. Power APEAL Study

10:00 am U.S. ET | July 27, 2016

Toyota, Mitsubishi and Volvo had the largest improvements among brands with more than one nameplate in J.D. Power's latest study of new-vehicle appeal, while Porsche paced the industry for the 12th consecutive year.... Read More »

Mitsubishi Motors' Q1 operating profit tumbles 75% after mileage-cheating scandal

6:48 am U.S. ET | July 27, 2016

Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles.... Read More »

Hail storms dent Ally's insurance business in Q2

10:30 am U.S. ET | July 27, 2016

Ally Financial's auto insurance business swung to a loss in the second quarter on higher weather losses and lower investment gains, even as the lender carved out gains with a new flagship product, Ally Premier Protection.... Read More »

VIDEO: First Shift: Grand jury probes FCA sales

12:01 am U.S. ET | July 27, 2016

FCA dealers subpoenaed in sales probe; Nissan and Mitsu profits slide, FCA rises; UAW: Clinton open to NAFTA changes; Tesla-Mobileye split; Snyder: Service nirvana.... Read More »

Nissan profit declines 9% as stronger yen hits earnings

July 27, 2016 10:07 CET

Nissan reported a 9.2 percent slide in global operating profit in the latest quarter as foreign exchange losses bit hard into earnings.... Read More »

Valeo first-half profit rises 23% on intuitive driving, low-emissions tech

July 27, 2016 09:46 CET

Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets... Read More »

Mercedes challenges Tesla with electric heavy truck

July 27, 2016 11:34 CET

Mercedes outlined plans to start selling an electric heavy-duty truck, a week after Tesla's initial sketch on battery-powered commercial vehicles failed to impress investors.... Read More »

 
PSA bravely reveals industry's dirty secret

Luca Ciferri
12:01 am U.S. ET | July 7 2016

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Give credit to PSA for being bold enough to reveal in great detail something none of its rivals woul ...
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How to push self-driving tech to the limits without the risks

Nick Gibbs
12:01 am U.S. ET | July 6 2016

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There's a risk-free way to push autonomous cars to their limits. A simulator in the UK is going to d ...
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Volvo defies gravity

Luca Ciferri
8:33 am U.S. ET | July 5 2016

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Volvo doesn't consider itself a true global player in the premium segment. ...
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BMW CEO scores first big win with Intel, Mobileye deal

Christiaan Hetzner
10:40 am U.S. ET | July 2 2016

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Led by CEO Harald Krueger, BMW's strong push into autonomous driving with Intel and Mobileye could b ...
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Why Europe's car buyer categories need a shake-up

Douglas A. Bolduc
4:49 am U.S. ET | July 1 2016

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Johnson Controls says current car buyer categories aren't telling the full story. ...
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Nissan struggles to make sense of Sunderland shocker

Nick Gibbs
5:42 am U.S. ET | June 28 2016

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Nissan's team in the UK is “shell-shocked” by the decision of the country's voters to leave the EU, a person close to the company told me. ...
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Goodbye to the Europe I knew

Bradford Wernle
12:01 am U.S. ET | June 27 2016

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I am deeply shocked and disappointed by the decision of British voters to leave the European Union. ...
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Recapping Toyota's traumatic loss at Le Mans

Luca Ciferri
12:01 am U.S. ET | June 23 2016

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Toyota was reminded of how cruel motorsports can be when it lost the 24 Hours of Le Mans to Porsche ...
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VW's long day as shareholders quiz management

Christiaan Hetzner
6:40 am U.S. ET | June 22 2016

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As Volkswagen's 56th annual shareholder meeting began there were still long lines of people waiting ...
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Probe overshadows VW's annual meeting

Christiaan Hetzner
7:01 am U.S. ET | June 21 2016

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When VW shareholders gather for their annual meeting it is sure to be a turbulent event, not least b ...
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Newsletters & Alerts
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European June car sales slow as Brexit vote reduces confidence
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighe ...
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Russia car sales fall 13% in June
Russian car sales fell 13 percent in June as an economic crisis driven by low oil prices and Western ...
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UK's June car sales fall; gov't asked for support
UK car sales fell for only the second time in more than four years in June, prompting an industry bo ...
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W. Europe car sales up 6% in June despite UK decline
Western European car registrations increased nearly 6 percent in June as demand rose last month in G ...
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VW Group sales rise nearly 2% in May, helped by Audi, Skoda gains
Volkswagen Group's global sales rose 1.6 percent in May, helped by rising demand for Audi and Skoda ...
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VW brand sales stable as Europe, China demand offsets drops in U.S., Brazil
Volkswagen brand sales slipped 0.7 percent last month with gains in Europe and China offsetting decl ...
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Russia car sales fall 15% in May
New-car sales in Russia fell 15 percent in May, after an 8. ...
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Western Europe car sales rise 14% in May
Western European car registrations increased 14 percent in May as demand rose last month in Germany, ...
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Mercedes SUVs help boost U.S. sales lead over Lexus, BMW
Mercedes outsold its luxury auto competitors in the U.S. in May, building its lead in a down month t ...
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VW sales in U.S. fall 17% for worst May since 2010
Continued weakness in car deliveries led Volkswagen of America to its worst May U.S. ...
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PSA names new Peugeot, China, Europe chiefs
PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions. ...
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Daimler promotes Turkish unit boss Seeger to Mercedes sales and marketing chief
Daimler named Britta Seeger as global sales and marketing head of Mercedes cars. ...
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BMW names former F1 exec Duesmann as new purchasing chief
BMW has appointed Markus Duesmann, its former Formula One powertrain boss and current engine guru, t ...
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Fiat Chrysler creates post to oversee global regulatory compliance
Fiat Chrysler as appointed longtime engineering executive Mark Chernoby to a new role as the automaker's global chief technical compliance officer. ...
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VW's Seat recruits new sales boss from Audi
VW Group's Seat brand has recruited Audi veteran Wayne Griffiths as its new sales and marketing boss ...
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Daimler lures exec from Citroen to lead digital sales unit at Mercedes
Daimler has hired a former Citroen executive to run a new department focused on technology sales and ...
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FCA's U.S. communications chief Ranieri returns to Italy
Gualberto Ranieri, the senior vice president for communications for Fiat Chrysler Automobiles' subsidiary, FCA US, has returned to Italy, seven years after arriving to work... ...
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Former Audi, Mercedes exec named new Cadillac Europe boss
GM has appointed former Audi and Mercedes executive Felix Weller as head of Cadillac Europe as it tr ...
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VW veteran Powels faces tough task in South America
VW brand named David Powels as head of its South American operations. Powels faces a tough challenge ...
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Faraday names Ferrari exec Mattiacci global brand chief
Electric vehicle startup Faraday Future appointed longtime Ferrari executive Marco Mattiacci to the post of global chief brand and commercial officer. ...
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Cadillac XT5 price undercuts rivals in Europe
Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium ...
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Honda hopes NSX halo effect will give automaker a boost in Europe
Honda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise ...
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Alfa touts Giulia's driving dynamics
Alfa Romeo claims its new Giulia has better driving dynamics than rivals such as the BMW 3 series be ...
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Suzuki Baleno is company's first model in Europe with fuel-saving mild hybrid
Suzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the fi ...
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MG aims first SUV at budget buyers
MG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budge ...
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Maserati expects first SUV to become its best-seller
Maserati is embracing the boom in luxury SUV sales with the launch of its Levante crossover, which t ...
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McLaren aims cozy 570GT at new audience
McLaren says that the 570GT is the first supercar it has produced that was not conceived primarily w ...
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VW Tiguan offers more room, less weight
Volkswagen has made its new Tiguan lighter, roomier and added more technology as standard equipment ...
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Audi SQ7's electric compressor banishes turbo lag
Audi's SQ7 is the world's first production vehicle equipped with an electric powered compressor, whi ...
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F-Pace set to become Jaguar's top-seller
Jaguar expects the F-Pace to become the brand's best-selling model to date after record advance sale ...
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Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
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Suppliers to the new Audi A4
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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