Top News:
- Musk says Tesla car-share network is ‘the people vs. Uber’ – Automotive News: Elon Musk is making a populist appeal for Tesla Motors’ much-hyped challenger to Uber Technologies Inc.
- Ford Q3 profit drops 56% as North America slips – Automotive News: Ford said its third-quarter net income fell 56 percent to $957 million from a strong performance a year ago as global revenues dropped slightly. Operating margins plunged globally and in North America.
- Nissan decision to stay in Sunderland averts ‘catastrophic’ consequences – Guardian: The importance of Nissan’s decision to make the new Qashqai and X-Trail models in Sunderland cannot be overstated. Since the Brexit referendum…
- Volkswagen Lifts Sales Outlook as Profit Rises – WSJ: Volkswagen said operating profit before special items rose to EUR3.75 billion in the third quarter from EUR3.2 billion ($4.09 billion) a year ago. Revenue…
- US light vehicle market forecast to dip in October – Just-auto: The US light vehicle market is heading for an October decline according to data specialists in the US.
- UK says Nissan could receive support for expanding Sunderland plant – Reuters: UK says Nissan could receive support for expanding Sunderland plant … Earlier on Thursday, Nissan said it will build its new Qashqai model in …
- Tata Sons strongly rebuts allegations in ousted chairman’s letter – Reuters: India’s Tata Sons in a statement on Thursday strongly rebutted allegations in a leaked letter from ousted chairman Cyrus Mistry to the Tata Sons’ board saying the damaging claims in it were ‘unsubstantiated’ and ‘malicious’ and went against corporate governance practice.
- Nissan Commits to Build New Models in Britain, Securing 7000 Jobs – Bloomberg: Nissan Motor Co., the biggest auto producer in the U.K., deepened its commitment to its Sunderland plant in northern England, defusing a spat with…
- Honda City facelift with Greiz sedan-inspired styling to be launched in early 2017 – Ibtimes: After giving nip and tuck to Amaze and Brio this year, Honda Car India is reportedly working on to launch a facelifted version of its best seller, City.
- Recall, product launch costs slash Ford third-quarter profit – Reuters: Ford Motor Co on Thursday said third-quarter net income fell by more than 50 percent as lower sales, higher recall costs and a complicated introduction of a new pickup truck undermined profitability in North America.
- Ford’s Profit Falls on Recall Costs – WSJ: Ford on Thursday reported net income of nearly $1 billion for the period … Ford reaffirmed full-year 2016 guidance of $10.2 billion adjusted pretax…
- Ford earnings fall to $1 billion in Q3 – Freep: Ford’s third-quarter profit fell 55% from a year ago to $1 billion, reflecting lower sales in U.S. sales in the last two months, but the results exceeded Wall…
- UK secured Nissan investment with Brexit relief promise – source – Reuters: PARIS Oct 27 Britain has given Nissan a written commitment of extra support in the event that Brexit reduces the competitiveness of its Sunderland …
- Tata Companies Respond to Ousted Chairman’s Write-Down Claims – WSJ: Some Tata Group companies said the valuation of their operations were accurate and audited, in response to a letter from the conglomerate’s former chairman suggesting they could face nearly $18 billion in write-downs.
- Nissan to make new car models in Britain as economy defies Brexit fears – Guardian: Nissan will build the next Qashqai and X-Trail models at its Sunderland factory, safeguarding more than 7,000 jobs, in the first major investment…
- May: Nissan decision on Qashqai a vote of confidence in Britain – Reuters: LONDON Oct 27 Nissan’s decision to build its new Qashqai model at its Sunderland plant is a vote of confidence that shows Britain is open for …
- Strong exports keep UK car output up in September – Just-auto: The latest UK car production data shows that buoyant exports kept the industry total up in September, in spite of a decline in output for the domestic market of over 10%.
- Nissan to create 7000 jobs at Sunderland Qashqai factory – Ibtimes: Nissan unveils plans to secure 7,000 UK jobs at Sunderland factory. Sunderland plant will produce new Nissan Qashqai and X-Trail model and…
- First Mercedes car under new electric brand to be made in Bremen – Reuters: Mercedes-Benz and Daimler’s Smart brand aims to launch more than 10 electric cars by 2025, in major push in pure electric vehicles thanks to …
- VW’s Growing Bloat – Bloomberg: Worse still, some 45 percent of VW employees are in high-cost Germany. But that market accounted for only 13 percent of car sales in the year to date.
- Sunderland confirmed for next-gen Nissan Qashqai and X-Trail production – Autocar: Nissan’s Sunderland plant opened in 1986 and has produced almost 9 million cars since
- Nissan opts to build new model in Britain despite Brexit -source – Reuters: Sunderland, in the north east of England, built almost one in three of Britain’s cars last year and Nissan’s decision had been seen as a key indicator of …
- 2017 Vauxhall Insignia Grand Sport name confirmed – Autocar: More spacious Insignia Grand Sport, due to be revealed in December, will become a truly global model
- Volkswagen’s higher profits fail to impress stock market – Forbes: Volkswagen’s third quarter profits report didn’t impress the stock market and the shares dived initially on the Frankfurt exchange close to half a percent…
- Volkswagen Raises Earnings Outlook as It Returns to Profit – New York Times: FRANKFURT, Germany – Volkswagen raised its earnings outlook Thursday after bouncing back to a profit of 2.34 billion euros ($2.55 billion) in the…
- Hyundai Card punished for ‘unfair’ sale practice: FSS – Yonhap: South Korea’s financial authorities took a punitive measure Thursday against Hyundai Card Co., a major local credit card…
- 2018 Porsche Cayenne hits test track – video – Autocar: Next-generation Cayenne will be based on the same platform as the new Audi Q7. An all-electric powertrain could be offered
- Ford 3Q earnings expected to tumble from year ago – Detroitnews: Ford Motor Co.’s third quarter earnings are expected to come in at about $1 billion when it releases results Thursday, which would be a drop of nearly…
- VW brand profit plunges, Porsche lifts group – Reuters: Volkswagen said third-quarter operating profit at its core brand plunged more than half, adding weight to management calls for cutbacks at VW’s biggest division.
- Why Nissan Is Killing One of Its Most Famous Auto Models – Fortune: Nissan Motor said on Wednesday it would stop production in May of the Mexican-built Tsuru, an economical and hardy sedan beloved by taxi drivers…
- Volkswagen’s Crisis Costs Rise as Audi Profit Takes Diesel Hit – Bloomberg: The company also has yet to reach an agreement with U.S. authorities over 85,000 cars with the tainted 3-liter motors, which were developed by Audi.