Group 1's Q3 net falls 22% on soft energy, UK marketsThu, 20, Oct 2016
Group 1 Automotive's net income fell 22 percent in the third quarter to $35.4 million, hurt by sales weakness in energy-dependent markets and soft sales in the U.K. following the Brexit vote to leave the European Union.
Dana Q3 net income drops to $57 millionThu, 20, Oct 2016
Dana, the longtime supplier of various drivetrain components, today reported net income of $57 million in the third quarter, down 52 percent from the year-earlier period as sales from its commercial-vehicle units fell again.
Nissan takes control of Mitsubishi with Ghosn as chairmanThu, 20, Oct 2016
Carlos Ghosn officially folded troubled Mitsubishi into the Renault-Nissan alliance and put himself at the helm, with expectations for hundreds of millions of dollars in savings as his group joins an exclusive club of automakers operating at a massive scale.
Fiat Chrysler tech boss defends defeat-device claims before EU inquiryThu, 20, Oct 2016
Fiat Chrysler Chief Technical Officer Harald Wester defended the automaker before an EU inquiry against German government claims that its Fiat 500X diesel car cheated emissions tests.
Ghosn set to add Mitsubishi chairman role, reports sayWed, 19, Oct 2016
Renault-Nissan CEO Carlos Ghosn is set to become chairman of Mitsubishi Motors when Nissan takes a controlling stake in the smaller automaker, reports said. Ghosn, 62, has asked Mitsubishi Chairman Osamu Masuko to remain president, one report said.
VW suppliers keen to avoid disputes despite price squeezeWed, 19, Oct 2016
Volkswagen suppliers seem keen to avoid more disputes with the company even as they face growing pressure from the automaker to accept price cuts in the wake of its diesel-emissions scandal.
Barra made Clinton's long working list for VP pickTue, 18, Oct 2016
General Motors CEO Mary Barra was listed among 39 potential candidates to be Hillary Clinton's running mate in a hacked email released today by WikiLeaks.
VW labor boss demands commitment to battery production, report saysTue, 18, Oct 2016
VW should commit to investing in the development and production of batteries for electric cars, the automaker's works council chief Bernd Osterloh said. VW is said to be mulling an $11 billion battery plant to rival Tesla's Gigafactory.
Renault-Nissan creates tech division to accelerate mobility pushTue, 18, Oct 2016
Nissan, aiming to parry rivals from Silicon Valley and emerge a leader in next-generation mobility, is forming a 300-person in-house startup division with French partner Renault to focus on software development, cloud engineering and big-data analytics.
Trump, Clinton stick to convention with campaign vehiclesSun, 16, Oct 2016
In the most unconventional of presidential campaigns, the two major party candidates' choices of vehicles have been decidedly conventional.
Every brand wants piece of the action in AmericaMon, 17, Oct 2016
Think the U.S. market is competitive now? With sales at historic highs, a number of overseas makers are seeking to set up shop in a landscape known to be hostile to newcomers.
GM invests millions in Mexico as Ford absorbs Trump's blowsFri, 14, Oct 2016
After watching Republican presidential candidate Donald Trump bash Ford for moving jobs to Mexico, GM has pushed ahead with its own expansion. It just hasn't said as much as Ford. GM is advancing on an $800 million investment for its global small-car lineup that includes a factory retooling in San Luis Potosi state. That plant and another Mexico factory will also build the redesigned Chevy Equinox crossover.