Volkswagen AG reports its net profit last year rose to €10.8 billion from €9 billion in 2013. Revenue grew 3% to €202.5 billion.
The group’s operating profit advanced 9% to €12.7 billion in 2014. Vehicle deliveries expanded 4% to a record 10.14 million units. The group’s operating margin climbed to 6.3% [...]
FCA to Expands Recall to Fix Engine Stalling
Posted: February 27, 2015 at 5:10 pm
Fiat Chrysler Automobiles NV is launching a global recall of 467,500 SUVs to replace a...
Resale Prices on EVs Fade
Posted: February 27, 2015 at 5:27 am
Used-car prices on electric cars in the U.S. are dropping fast, in large part because...
Ford Hires Staff in Canada to Make Edge Crossover Exports
Posted: February 27, 2015 at 4:30 am
Ford Motor Co. has hired 400 additional hourly workers at its factory in Oakville Ont.,...
Visteon’s Fourth-Quarter Sales Surge 21%
Posted: February 26, 2015 at 6:25 pm
Visteon Corp.’s revenue in October-December 2014 to $2 billion in 2014 from $1.7 billion a...
Carmakers Pick Engineering Firm, Manager for Takata Probe
Posted: February 26, 2015 at 6:17 pm
A group of 10 carmakers has selected Virginia-based Orbital ATK Inc. to find the underlying...
Federal-Mogul Posts Quarterly Loss, Delays Planned Split
Posted: February 26, 2015 at 11:37 am
Federal-Mogul Corp. says it will delay for at least six months a planned split into...
Profits Up as Magna Declares a Stock Split
Posted: February 26, 2015 at 2:49 am
Magna International Inc.’s revenue in the fourth quarter of 2014 advanced 2% to $9.4 billion,...
GM Trims Production at Two N. American Plants
Posted: February 25, 2015 at 4:48 pm
General Motors Co. plans to adjust output at plants in Michigan and Ontario for a...
Decision May Be Near on Firm to Lead Takata Airbag Probe
Posted: February 25, 2015 at 2:01 am
Carmakers trying to determine why some Takata Corp. airbag inflators explode may decide this week...
Only 10% of Recalled Takata Airbag Inflators Have Been Replaced
Posted: February 25, 2015 at 12:48 am
Repairs have been made to fewer than 2 million of the 17 million vehicles recalled...
U.S. Highway Fatality Rate Drops to Historic Low
Posted: February 25, 2015 at 12:06 am
Last year America’s highway fatality rate dropped to 1.18 deaths per 100 million miles driven,...
Faurecia Names New President for North America
Posted: February 24, 2015 at 4:31 pm
Faurecia SA has named Mark Stidham to become president of its North American unit, effective...
Buick Again Leads Domestic Brands on CR List
Posted: February 24, 2015 at 3:51 pm
General Motors Co.’s Buick brand has again outscored all domestic rivals in Consumer Reports’ annual...
Cooper-Standard’s Sales, Profits Slip in Fourth Quarter
Posted: February 24, 2015 at 3:03 pm
Cooper-Standard Holdings Inc., parent of Cooper Standard Automotive, says revenue dipped 3% to $768 million...
GM Ignition-Switch Death Toll Now at 57
Posted: February 24, 2015 at 12:07 am
The acknowledged death toll linked to defective General Motors Co. ignition switches grew by one...
Yamaha Plans 2-Seat Car
Posted: February 27, 2015 at 5:24 pm
Yamaha Motor Co. tells The Wall Street Journal it will move forward with plans to...
Audi Unveils More Powerful Piston, Electric Power for R8 Sports Cars
Posted: February 27, 2015 at 5:15 am
Volkswagen AG’s Audi unit is introducing even more powerful piston- and electric-powered versions of its...
FCA Recalls Some Chrysler 200s for Shifter Defect
Posted: February 26, 2015 at 8:37 pm
Fiat Chrysler Automobiles NV is recalling nearly 26,000 Chrysler 200 sedans in North America to...
Aston Martin Details $2.8 Million Vulcan Supercar
Posted: February 26, 2015 at 11:44 am
Aston Martin Lagonda Ltd. says its 800-hp Vulcan race car will retail for £1.8 million...
BASF Forms Lithium-Ion Cathode Venture in Japan
Posted: February 25, 2015 at 12:55 am
BASF SE and Toda Kogyo Corp. have launched a joint venture in Japan to make...
Magna Sells EV Battery Business to Samsung
Posted: February 25, 2015 at 12:21 am
Magna International Inc. has sold its batterymaking operations to South Korea’s Samsung SDI Co. Ltd.,...
CR Names Tesla Model S Best Car, Again
Posted: February 24, 2015 at 8:50 pm
Tesla Motors Inc.’s Model S electric sedan has been named the best car in the...
Ricardo Touts Low-Cost Traction Motor for EVs
Posted: February 24, 2015 at 1:58 am
Ricardo UK Ltd. has developed a prototype 85-kW motor for electric vehicles that uses no...
Developers to Unveil Liquid-Battery-Powered Sport Coupe
Posted: February 24, 2015 at 12:21 am
NanoFlowcell AG will debut its latest low-voltage concept car, the Quantino, next week at the...
Daimler Recalls 147,000 Cars to Fix Fire Hazard
Posted: February 24, 2015 at 12:13 am
Daimler AG is recalling 147,200 of its Mercedes-Benz E- and CLS-Class cars in the U.S....
EPA Updates Fuel Economy Test
Posted: February 23, 2015 at 7:06 pm
The U.S. Environmental Protection Agency has modified rules used by carmakers to calculate fuel economy...
Mitsubishi Chemical Plans Second U.S. Carbon-Fiber Factory
Posted: February 23, 2015 at 12:50 am
Mitsubishi Chemical Holdings Corp. expects to open a second plant somewhere in the U.S. in...
Daicel Steps Up Plans for Second U.S. Airbag Inflator Plant
Posted: February 23, 2015 at 12:22 am
Japan’s Daicel Corp. says it will open a second factory to make airbag inflators in...
TDK Readies Major Push into Auto Magnetic Sensor Market
Posted: February 23, 2015 at 12:09 am
Japan’s TDK Corp. is mounting a huge expansion in the automotive magnetic sensor market over...
Kia Introduces 7-Speed Gearbox, 3-Cylinder Engine
Posted: February 20, 2015 at 12:40 pm
Kia Motors Corp. is debuting its new 7-speed dual-clutch transmission with its sporty cee’d GT...
GM to Halt Car Production in Indonesia
Posted: February 26, 2015 at 6:51 pm
General Motors Co. says it will phase out its modest carmaking operations in Indonesia by...
China’s Manufacturing Sector Revives
Posted: February 25, 2015 at 2:21 pm
A closely watched index of manufacturing activity in China crept into “expansion” territory this month,...
Toyota Rebuffs Union Wage Demand as “Impossible”
Posted: February 25, 2015 at 12:29 pm
Toyota Motor Corp. says its trade union’s demand for monthly raises of 6,000 yen ($50)...
China Grants Tax Breaks for 42,800 EVs and Plug-Ins
Posted: February 25, 2015 at 1:37 am
China has exempted the usual 10% sales tax on 42,800 passenger and commercial electric and...
Tata Mulls a Fancier Next-Generation Nano
Posted: February 24, 2015 at 9:11 pm
Former Tata Motors Ltd. Chairman Ratan Tata says the company plans a better-equipped second-generation version...
Maruti Plans High-End Dealership Network in India
Posted: February 24, 2015 at 12:14 am
Maruti Suzuki India Ltd. plans to open about 35 “premium” dealerships over the next year...
Honda President Ito to Step Down
Posted: February 23, 2015 at 3:43 am
Honda Motor Co. says President Takanobu Ito will be replaced in June by Takahiro Hachigo,...
Denso to Add Parts Plant in Cambodia
Posted: February 23, 2015 at 12:27 am
Denso Corp. plans to open a new factory in Phnom Penh, Cambodia, in March 2016...
U.K. Car Shipments to China Up 15%
Posted: February 20, 2015 at 6:44 pm
China imports of British passenger vehicles climbed to 137,400 units last year from 120,000 in...
Ford Seeks Chinese Chat App
Posted: February 19, 2015 at 1:43 am
Ford Motor Co. confirms it is in talks to tailor a version of China’s popular...
Toyota Agrees to Price Freeze on Steel
Posted: February 18, 2015 at 3:58 pm
Toyota Motor Corp. has unexpectedly shelved its usual demand for lower prices from steel suppliers,...
Japan’s Auto Workers Demand Industrywide Raises
Posted: February 18, 2015 at 3:11 pm
Unions representing workers at 11 Japanese carmakers are asking the companies to hike base monthly...
Hyundai Readies Global Push in Commercial Vehicles
Posted: February 17, 2015 at 12:27 am
Hyundai Motor Co. says it is launching a $1.8 billion effort to bolster its commercial...
Sony Seeks Leadership in Image Sensors
Posted: February 16, 2015 at 8:35 pm
Sony Corp. is mounting a push to become the auto industry’s top supplier of image...
Mahindra Plans Test Track and Factory Complex
Posted: February 16, 2015 at 12:28 am
Mahindra & Mahindra Ltd. intends to spend 40 billion rupees ($644 million) over seven years...
Diess to Head VW Brand in July
Posted: February 27, 2015 at 6:45 pm
Former BMW product development chief Herbert Diess will take control of Volkswagen AG’s VW brand...
Volkswagen’s Profit Climbs 20%
Posted: February 27, 2015 at 11:13 am
Volkswagen AG reports its net profit last year rose to €10.8 billion from €9 billion...
Consumer Confidence Hits 13-Year High in Germany
Posted: February 27, 2015 at 5:00 am
German consumers are the most confident about their country’s economy since 2001, according to a...
Daimler Looks for Cost Cuts to Offset CO2 Program
Posted: February 26, 2015 at 7:12 pm
Daimler AG will attempt to pay for the costs of reducing carbon dioxide emissions from...
Profits Jump 17% at Volvo Cars
Posted: February 26, 2015 at 12:08 pm
Volvo Car Group’s operating profit in 2014 climbed to 2.3 billion kronor (€239 million) from...
Fiat, VW Face Italian Lawsuit Over Fuel Economy Claims
Posted: February 26, 2015 at 3:38 am
A consumer group has filed a lawsuit in Italy claiming the real-world fuel economy of...
Daimler Urged to Reconsider U.S. Expansion
Posted: February 26, 2015 at 3:11 am
Daimler AG should rethink some of its plans to expand production in the U.S. if...
VW CEO Winterkorn Names Possible Successors
Posted: February 25, 2015 at 5:08 pm
Volkswagen AG CEO Martin Winterkorn, whose contract a group CEO expires next year, tells Stern...
Jensen Name to Return in 2016?
Posted: February 25, 2015 at 2:17 am
A British group plans to reintroduce the Jensen name on new retro-styled sport coupe and...
Auto Sector Drives GKN Results
Posted: February 24, 2015 at 10:52 pm
British engineering giant GKN plc says sales by its driveline unit, which account for 45%...
IG Metall Wins 3% Wage Hike
Posted: February 24, 2015 at 4:56 pm
Germany’s IG Metall union has accepted a 3.4% wage hike for its 800,000 members in...
Germany’s Business Climate Stays Steady
Posted: February 24, 2015 at 2:13 am
Germany’s manufacturing sector is concerned about current business conditions but bullish about the six-month outlook,...
VW Poised to Phase Out Eos Cabriolet
Posted: February 23, 2015 at 9:10 pm
Volkswagen AG confirms a report by Automobilwoche that it will end production of its Eos...
Eurozone Business Activity Jumps to 7-Month High
Posted: February 23, 2015 at 12:57 am
Growth of business activity in the eurozone climbed to its highest level since July, as...
PSA, Mitsubishi Trim Production in Russia
Posted: February 23, 2015 at 12:37 am
PSA Peugeot Citroen and Mitsubishi Motors are the latest carmakers to suspend production in Russia...
|American Axle & M||24.92||+0.02|
|Autoliv, Inc. Com||112.50||-0.20|
|Borgwarner Inc. C||61.46||-0.09|
|Cummins Inc. Comm||142.23||0.00|
|Cooper Tire & Rub||38.06||-1.11|
|Dana Holding Corp||21.85||-0.17|
|Denso Corp Ltd Ad||23.51||-0.12|
|Fiat Chrysler Aut||15.41||-0.06|
|Ford Motor Compan||16.34||-0.04|
|General Motors Co||37.31||-0.25|
|The Goodyear Tire||26.73||-0.615|
|Honda Motor Compa||33.14||-0.52|
|Meritor, Inc. Com||14.29||-0.12|
|Nissan Mtr Spon A||21.03||-0.20|
|Tenneco Inc. Comm||58.24||+0.32|
|Toyota Motor Corp||135.37||-1.43|
|Trw Automotive Ho||104.24||+0.07|