GM rides North America to record post-Chap. 11 netMon, 25, Jul 2016
General Motors, riding profitable North American retail sales, posted second-quarter net income that more than doubled to $2.87 billion, as revenue rose 11 percent to $42.37 billion.
China lifts stake caps on foreign motorcycle, battery manufacturersWed, 20, Jul 2016
China’s central government said it’ll exempt foreign makers of motorcycles and batteries from ownership limits in their manufacturing operations, revising a key industrial policy just as rulemakers consider similar measures for car companies.
Brexit hits yen, causes headaches for HondaSat, 16, Jul 2016
At the beginning of the year, Honda's plan to fire up its export engine seemed smart because of a weak yen. But after the U.K.'s vote to leave the EU, maybe not. The Brexit vote sparked a realignment of world currencies. The yen rose and is now causing headaches for Japanese exporters.
GM most likely to say cheerio to U.K., report findsMon, 18, Jul 2016
Of all manufacturers building cars in the UK, analysts say General Motors is the one mostly likely to shift its operations to mainland Europe if costs rise on the back of the country's decision to leave the European Union.
European June car sales slow as Brexit vote reduces confidenceFri, 15, Jul 2016
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighed on business and consumer confidence.
UK's June car sales fall as industry seeks government support after Brexit voteWed, 06, Jul 2016
UK new-car sales fell for only the second time in more than four years in June, prompting an industry body to urge the government to boost economic confidence to avoid further drops after the country voted to leave the European Union.
TI Automotive IPO could be delayed by BrexitWed, 06, Jul 2016
The planned stock market listing of UK auto parts supplier TI Automotive, a potential $3.3 billion deal, is facing a delay due to volatility triggered by Britain's vote to leave the European Union, people familiar with the matter said.
Brexit hits Toyota, Nissan as rising yen weighs on profit outlookWed, 06, Jul 2016
The yen's extended surge after UK's decision to exit the EU has turned put added pressure on Japan's automakers. Since the June 23 Brexit vote, the mean forecast for net income at Toyota has slid to $16.5 billion, with four analysts cutting their predictions by an average $2.3 billion for the fiscal year.
Classic cars with Brexit benefitsMon, 04, Jul 2016
Jaguar Land Rover and other U.K.-based automakers may be worried about the effects of Brexit, but Britain leaving the EU could be a boon for one tiny backwater of the British auto industry: Classic-car dealers.
JLR chief Speth 'regrets' Brexit processFri, 01, Jul 2016
Jaguar Land Rover CEO Ralf Speth says he “regrets” the political process that lead to the UK's exit from the EU, indicating that the British people weren't properly informed about the consequences of a Brexit. Speth added that the outcome of the vote didn't affect JLR's investment plans in the country.
Aston CEO sees short-term Brexit gainFri, 01, Jul 2016
Aston Martin will see a short-term financial gain from the crash in the pound's value following the UK's decision to leave the European Union, CEO Andy Palmer said. “A weak pound obviously helps our exports in terms of profit-per-unit,” Palmer told Automotive News Europe.
GM economist sees negligible impact of Brexit on U.S. autos, for nowWed, 29, Jun 2016
It is too soon to measure the impact of the British vote to leave the EU on General Motors, but the decision will likely not have much effect on the company in its home market, GM's chief economist said on Wednesday.