Company Information
Gentex's Q2 profit up slightly with international sales gains
July 21Gentex said its net income jumped 2 percent in the second quarter, repelling the U.S. light-vehicle sales slowdown with growth in international auto-dimming mirror shipments.
U.S. lawyers suing Volkswagen get $300 million in fees, costs
July 21A U.S. judge approved $125 million for lawyers who sued VW on behalf of owners of 88,000 3.0-liter diesel vehicles over excess emissions. Lawyers got another $175 million in a previous related case.
Autoliv Q2 net income drops 13.5%
July 21Autoliv said its net income dropped 13.5 percent during the company's second quarter from a decline in North American and Chinese auto production.
Fisker, emerging battery supplier Nanotech end JV
July 21A joint venture between Henrik Fisker's new car company and an emerging battery supplier was unplugged before it could ever charge up.
JLR's mobility company invests $25 million in Lyft
June 12InMotion, Jaguar Land Rover's mobility services business, will collaborate with ride-hailing service Lyft in a $25 million partnership agreement.
Four Audi board members face dismissal, report says
July 21Audi is considering dismissing board members including its sales and production chiefs as a warning to CEO Rupert Stadler, Handelsblatt reported.
EU said to examine possible emissions collusion by German automakers
July 21Germany's carmakers, Volkswagen, Daimler and BMW, may have colluded to fix the prices of diesel emissions treatment systems using industry committees, a German magazine reported.
Diesel rescue plan reached in Germany, report says
July 21Automakers and politicians in Germany have agreed to clean up diesel vehicles through software updates as part of a rescue plan for avoiding diesel bans in cities, Reuters reported.
Valeo profit up 20% on LED lights, thermal systems
July 21Valeo's first-half profit rose 20 percent as demand for LED lighting and fuel-efficient engine systems helped sales to outpace global auto markets
Volvo to take stake in Lynk & CO
July 20Volvo will take a stake in sibling brand Lynk & CO, which will rely heavily on Volvo as it prepares to start European and U.S. sales. Volvo also will set up a joint venture with its Chinese parent, Zhejiang Geely Holding, to help speed up the development of new electrified vehicles.
BMW sales chief Robertson to retire; Dutch executive Nota is successor
July 20BMW said Ian Robertson will retire as the automaker's sales chief. He will be succeeded by Pieter Nota, who moves to BMW from Dutch electronics and lighting company Philips.
Volvo posts best first-half profit in 6 years on new models
July 20Volvo reported its biggest operating profit and best operating margin for a first half since 2011. Profit increased 21 percent to $820 million while its margin improved to 6.8 percent.
