Apple taps BlackBerry talent as car project takes software turn, report saysThu, 28, Jul 2016
Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg.
BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soarsThu, 28, Jul 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.
Mercedes pulls ad challenged by safety groupsThu, 28, Jul 2016
Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle’s driver-assist systems.
Ford posts 9% decline in Q2 profit, warns of challenges aheadThu, 28, Jul 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.
Lear Q2 earnings rise on gains in both seating and electronicsThu, 28, Jul 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.
Visteon says it booked record $1.6 billion in new business during Q2Thu, 28, Jul 2016
Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.
GM unveils plan to add minority dealersMon, 25, Jul 2016
GM laid out an aggressive plan at the National Association of Minority Automobile Dealers conference to add 10 minority-owned dealerships per year, net, to its retail network for the next five years.
Renault first-half profit rises 41% on new models, Europe recoveryThu, 28, Jul 2016
Renault's first-half operating profit jumped 41 percent to $1.7 billion, thanks to a refreshed model lineup and a rebounding European auto market.
Renault cuts Ghosn's bonus by 20 percentThu, 28, Jul 2016
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.
VW brand Q2 profit falls 12% on emissions scandal effectsThu, 28, Jul 2016
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 emissions-cheating crisis.
Mercedes challenged over 'Drive Pilot' TV adWed, 27, Jul 2016
Consumer and auto safety advocates have called on the FTC to investigate Mercedes-Benz over a TV commercial for the 2017 E-class, saying the ad could mislead consumers by overstating the capability of automated driving systems available on the sedan.
Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacksWed, 27, Jul 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.