English Press / Presse anglaise

Lear net income surges 69% in Q1

Automotive Business Review - 27 avr. 2016 - 20:13
Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.

Brussels probes diesel car software

Financial Times - 27 avr. 2016 - 19:35
Scrutiny of VW, Mercedes and Opel devices that switch off control systems at low temperatures

High warranty costs reflect Tesla's struggle with quality

Automotive Business Review - 27 avr. 2016 - 19:25
Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge.

Group 1 CEO says automakers need to cut production

Automotive Business Review - 27 avr. 2016 - 19:01
The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.

Group 1 Q1 net drops 4.3%; hurt by hail, lower new-car sales

Automotive Business Review - 27 avr. 2016 - 19:01
Group 1 Automotive's first-quarter net income fell 4.3 percent from a year earlier to $34.3 million, hurt by Texas hailstorms and lower new-vehicle sales in the U.S., the auto retailer said today.

Group 1 Q1 net drops 4.3%; hurt by hail, lower sales

Automotive Business Review - 27 avr. 2016 - 19:01
Group 1 Automotive's first-quarter net income fell 4.3 percent from a year earlier to $34.3 million, hurt by Texas hailstorms and lower new-vehicle sales in the U.S., the auto retailer said today.

VW presentation described how to cheat emissions tests, report says

Automotive Business Review - 27 avr. 2016 - 18:41
A Volkswagen PowerPoint presentation from 2006 described 'in detail' how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.

Ford issues five recalls for 285,000 N.A. vehicles

Automotive Business Review - 27 avr. 2016 - 17:34
Ford today issued five recalls covering a total of about 285,000 vehicles in North America for problems that include transmissions downshifting into first gear at high speeds, poor welding and tires damaged by a factory conveyor belt.

Volvo announces 3 regional executive moves in U.S.

Automotive Business Review - 27 avr. 2016 - 17:28
Volvo Car USA has announced three executive changes in its regional structure effective May 1.

Germany unveils electric car subsidies

Financial Times - 27 avr. 2016 - 17:10
Government and industry to split cost of programme to give customers €4,000 each

Mitsubishi sales hit by fuel data scandal

Financial Times - 27 avr. 2016 - 15:19
Carmaker refuses to issue financial guidance while full scope of the affair is unknown

Bosch CEO: We did not say that Fiat is using defeat devices

Automotive Business Review - 27 avr. 2016 - 14:16
Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat device."

Bosch posts record revenue on safety and assistance systems, warns of slowdown

Automotive Business Review - 27 avr. 2016 - 13:44
German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues.

Volvo puts 100 UK families in driverless cars

Financial Times - 27 avr. 2016 - 06:35
Largest practical test of autonomous technology to begin next year

Public dealership groups pump up stock buybacks

Automotive Business Review - 27 avr. 2016 - 00:21
Several publicly traded dealership groups have reported record first-quarter earnings per share. A key driver of that has been aggressive share buybacks.

EPA orders Mitsubishi to conduct new vehicle testing

Automotive Business Review - 27 avr. 2016 - 00:06
The EPA ordered Mitsubishi Motors to provide additional information and conduct new tests of U.S. vehicles after the Japanese automaker's admission that it did not properly follow fuel economy test procedures in Japan since 1991.

BMW promotes Petter Witt to N.A. vice president of operations

Automotive Business Review - 26 avr. 2016 - 20:33
BMW has rewarded a regional manager who 'fully embraced' the automaker's efforts to create its Future Retail dealership standards. Petter Witt becomes executive vice president, operations, in North America, effective May 1.

BMW promotes Peter Witt to N.A. vice president of operations

Automotive Business Review - 26 avr. 2016 - 20:33
BMW has promoted Petter Witt to executive vice president, operations, in North America, effective May 1. He will replace J. Chris Koenders, who will return to Europe and assume a newly created job.

Tenneco Q1 net income up 16% on record revenue

Automotive Business Review - 26 avr. 2016 - 19:56
Ride-control and emission-control supplier Tenneco has reported a 16 percent rise in first-quarter net income on a wave of record revenue.

Ally net income, originations down as it gets tougher on approvals

Automotive Business Review - 26 avr. 2016 - 19:36
Ally Financial took a more selective approach to its loan and lease approvals in the first quarter, leaving it with lower origination volume. Its net income also fell, but revenue rose, the company said Tuesday.
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