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Ford posts strongest Q2 auto profit in 15 years but Europe swings to loss

July 28, 2015 13:00 CET | UPDATED: July 28 15:20 CET - adds Europe details

Ford's Q2 earnings increased 44 percent, marking the best quarterly profit from its automotive business since 2000, despite losses in Europe and South America. In Europe, a pretax loss of $14 million reversed a profit of $14 million last year.
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Daimler, Renault-Nissan detail plans for Mexico JV plant
July 28, 2015 19:44 CET

Daimler and Renault-Nissan said their new plant for Mercedes-Benz and Infiniti cars in Mexico, will have an initial production capacity of more than 230,000 vehicles. ...
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VW passes Toyota for global sales lead in first half
July 28, 2015 08:26 CET

Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a s ...
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Pininfarina, Mahindra will resume sale talks in September, report says
July 28, 2015 16:43 CET

Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in July, sources told Re ...
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GM, China's SAIC plan new vehicle family for emerging markets
July 28, 2015 06:01 CET

GM and China's SAIC will develop a new range of small cars based on a common architecture that will be built and sold under the Chevrolet name in China, Brazil, India, Me ...
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Aston Martin looks at more than 10 sites for new factory
July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover. ...
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Jeep's hacking woes send warning to BMW, Audi and Mercedes
July 28, 2015 10:55 CET

When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on tech ...
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Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant
July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently b ...
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Audi aims to raise flagging China sales with revamped A4
July 27, 2015 13:43 CET

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in it ...
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Valeo raises profit forecast, shrugs off China slowdown
July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistanc ...
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Fiat Chrysler hit with record $105 million U.S. penalty over recalls
July 26, 2015 10:30 CET

Fiat Chrysler agreed to pay a $70 million fine as part of a potential $105 million civil penalty, accept three years of additional oversight by an independent monitor and ...
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Wiping out U.S.-EU rules disparities would yield big savings
July 25, 2015 06:01 CET

Automakers are pushing governments to streamline safety regulations in the free-trade deal that the U.S. and EU are negotiating. With the prospect of new regulations on ...
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Renault seeks to buy stake in Iranian partner, report says
July 25, 2015 09:13 CET

Renault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian firm as saying. ...
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VW says it has no plans to cut China production despite slowdown in demand
July 25, 2015 15:04 CET

Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said in response to a media report. ...
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PSA plans to export Iran-made cars after nuclear deal
July 24, 2015 06:01 CET

PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic ag ...
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Lamborghini shelves plug-in Asterion coupe in favor of Urus SUV, report says
July 24, 2015 12:03 CET

Lamborghini has put on hold a production plug-in hybrid Asterion coupe in favor of bringing the Urus SUV to market in 2018, a magazine reported, citing the automaker's CE ...
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Ferrari stock faces soaring Testarossa prices for investor favor
July 24, 2015 12:19 CET

Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has genera ...
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Infiniti Q30 will be powered by Mercedes engines
July 24, 2015 06:01 CET

Infiniti's Q30 compact car will be powered by two gasoline Mercedes engines, likely the 1.6-liter and 2.0-liter units used in the A-class compact car, a source said. The ...
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Faurecia accelerates margin target as first-half earnings surge
July 24, 2015 10:47 CET

Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating ...
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GM posts $1.1 billion profit in Q2; narrows loss in Europe to $45 million
July 23, 2015 06:01 CET | UPDATED: July 23 14:30 CET - adds Europe results

General Motors posted second-quarter net income of $1.1 billion and sharply narrowed its loss in Europe. ...
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