EPA scrutiny bogs down new dieselsMon, 24, Oct 2016
Only two automakers have received EPA clearance to sell 2017 diesels in the U.S. Other automakers' plans remain in limbo as the EPA continues the rigorous diesel testing regime it implemented in response to VW's emissions violations.
Hachigo: Honda is just fine on its ownSun, 23, Oct 2016
Suddenly, Honda looks like the odd man in Japan. Toyota just added Suzuki to its growing stable of partners, and Nissan is poised to take control of Mitsubishi. Meanwhile, Honda is left by its lonesome in the face of industry consolidation.
Lithia, Group 1 return to the buy-sell arenaMon, 24, Oct 2016
Lithia Motors and Group 1 Automotive are back on the prowl for dealerships.
Continental tried to buy stake in Osram, report saysFri, 21, Oct 2016
Continental tried to buy Siemens' stake in lighting group Osram in the summer but was turned down, a German business magazine reported, citing company sources.
Daimler quarterly profit jumps 10% on Mercedes car demandFri, 21, Oct 2016
Daimler reported a 10 percent rise in third-quarter profit, buoyed by robust demand for Mercedes cars in China as the brand rolls out the new E-class sedan.
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.
Gentex posts 18% gain in Q3 net incomeThu, 20, Oct 2016
Mirror and electronics supplier Gentex saw its third-quarter net income climb 18 percent to $92.1 million as sales at its automotive unit increased. Gentex typically serves as a bellwether for suppliers as it is one of the first of its peers to release its quarterly results.
Lithia’s Q3 net rises 25 percent on broad revenue gainsThu, 20, Oct 2016
Lithia’s third-quarter net income rose 25 percent from a year earlier to $54 million, as revenue rose 8.9 percent to a third-quarter record $2.27 billion, the company said today.
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.
VW targets $4.1 billion in cost cuts, report saysThu, 20, Oct 2016
Volkswagen is targeting about 3.7 billion euros ($4.1 billion) of cost cuts at its core VW brand by 2021 as it wrestles with labor leaders over a turnaround plan, sources told Reuters. The targeted savings would be in addition to a 5-billion-euro efficiency program announced by VW in 2014.
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.