News

Volvo Q1 profit rises nearly 4% on China, U.S. demand

27 April 2018, 08:00
Volvo reported a rise in quarterly operating earnings as growing sales in China and a recovery in the United States offset increased development and marketing costs.

GM, South Korea to invest $4.35 billion in troubled unit

26 April 2018, 08:00
General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection.

Lear raises outlook on rising seating, electronics sales

26 April 2018, 08:00
Lear raised its outlook for sales and earnings for the year after reporting record first-quarter results. It was the first earnings report for the supplier under new CEO Ray Scott.

Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion

26 April 2018, 08:00
Fiat Chrysler said its first-quarter adjusted earnings rose 5 percent to $1.96 billion as the automaker cut debt by $1.6 billion. Earnings before interest and taxes in the NAFTA market fell 2 percent.

GM's operating profit sinks 27% on lower pickup production; net falls 60%

26 April 2018, 08:00
GM's net income and operating profit fell sharply in the first quarter due to planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.

Magna wins lidar contract with BMW Group

26 April 2018, 08:00
Magna says the contract with the BMW Group 'is one of the first in the auto industry to include solid-state lidar for serial production.' The Canadian supplier developed the lidar with Innoviz.

Congress to seek VW CEO's testimony in new cheating probe

25 April 2018, 08:00
A House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen and was seeking testimony from VW CEO Herbert Diess.

Bosch claims diesel technology breakthrough

25 April 2018, 08:00
Bosch said its engineers have developed a new diesel-exhaust system that cuts emissions far below legal limits and can help automakers avoid potential driving bans in Europe.

Aston Martin says China spurring another horse-to-cars moment

25 April 2018, 08:00
China's policies to cut pollution is driving a rapid move toward EVs in the world's biggest market and causing an upheaval in the global auto industry, Aston Martin CEO Andy Palmer said.

Tesla teardown uncovers tech prowess, production shortcomings

25 April 2018, 08:00
Tesla CEO Elon Musk has said his company was building advantages in the ability to make electric cars cheaply and efficiently. Those claims keep looking more questionable.
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