News

Autoliv Q2 profit rises 4% despite raw material, pricing headwinds

27 July 2018, 08:00
Autoliv's second-quarter profit rose 4 percent to $229 million, although headwinds from raw material pricing and currency movements eroded strong sales growth.

U.S. touts EU trade truce, NAFTA progress; focus turns to China

27 July 2018, 08:00
The U.S. signaled it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe. The focus now turns to China.

Why Hyundai's union is starting to soften

27 July 2018, 08:00
After just two days on strike, Hyundai's powerful union agreed to a deal before the summer holidays, the first time in eight years that has happened. Is the union softening its stance?

Why Ford is moving toward crossovers in Europe

27 July 2018, 08:00
Ford is redirecting spending in Europe away from cars to focus on more profitable crossovers and commercial vans to return the region to profit.

How did Sergio keep his illness a secret for a year?

27 July 2018, 08:00
The revelation that the late Sergio Marchionne was seriously ill for more than a year raised the obvious question: How could a chainsmoking workaholic disguise it from senior colleagues?

Daimler to split business into cars, trucks, mobility units

26 July 2018, 08:00
Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.

A nightmare day of earnings in Detroit

26 July 2018, 08:00
GM and FCA reported weak earnings, with both reining in profit forecasts for the year. That sparked sharp sell-offs of their stocks. Then it really got ugly when Ford posted its results.

Why Nissan's profits are slipping

26 July 2018, 08:00
Nissan reported a 29 percent decline in operating profit in the most recent quarter as foreign exchange rate losses and rising commodity costs combine with falling sales in the United States and Europe.

Daimler braces for European emissions-test impact as Q2 profit falls 30%

26 July 2018, 08:00
Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit vehicle sales.

Auto tariffs are not completely off table yet, German industry warns

26 July 2018, 08:00
A German industry group said skepticism remains after President Trump agreed to refrain from imposing car tariffs while the U.S. and EU negotiate to cut trade barriers.
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