Top News
- Ford profits fall on recall charges, higher costs – Automotive News: Ford Motor Co. reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins…
- Ford profits fall 35% in first quarter – Detroitnews: The automaker attributed the drop to increased investment in trucks and SUVs and recall costs.
- Ford first quarter profit beats estimates, reiterates 2017 profit outlook – Reuters: Ford Motor Co on Thursday reported a lower quarterly net profit that beat analyst expectations, and reiterated its pretax profit forecast for 2017.
- Ford climbs as earnings drop not as steep as feared – FT: Ford underscored the cyclical downturn in the American auto industry on Thursday after it announced first quarter earnings that were sharply down on…
- Ford’s Profit Falls 35% – WSJ: Ford’s first-quarter net income fell 35%, dented by safety-recall expenses, higher engineering and commodity costs, and weaker sales in the U.S.
- 2017 Suzuki Swift on sale in June priced from £10,999 – Autocar: Suzuki’s Ford Fiesta rival is larger and more practical than its predecessor; there’s a hybrid version The new Suzuki Swift will go on sale on the 1 June priced from £10,999. Suzuki’sFord Fiestarival switches to thesame platform as the larger Baleno, but it’s actually marginally shorter than the car it replaces. It also has a slightly lower roofline but a longer wheelbase. Wider use of ultra-high-strength steels in its construction has contributed to a significant weight saving for the car, wit
- Ford 1Q profit down on recalls, lower sales, but tops Street – Washington Post: DEARBORN, Mich. – Ford Motor Co.’s net income fell 35 percent to $1.6 billion in the first quarter as it was hit by costly recalls, lower sales and rising…
- Motor racing: Magnussen fears added dangers of cockpit ‘shield’ – Reuters: U.S. Grand Prix – Circuit of the Americas, Austin, Texas, U.S., 21/10/16. Renault’s Kevin Magnussen of Denmark sits in his car as he …
- Ford beats earnings and revenue expectations – CNBC: Ford said it still expects adjusted pre-tax profit to be about $9 billion in 2017. Full-year cost efficiencies of about $3 billion are expected to offset costs…
- Ford first quarter profits fall 35% to $1.6B – Freep: Ford’s profits sank 35% during the first quarter to $1.6 billion as higher costs for warranties, recalls and materials eroded profits. The Dearborn…
- Tesla hikes pay to quell unrest at key German supplier – Automotive News: PRUEM, Germany — Luxury electric carmaker Tesla offered pay rises and job guarantees to defuse labor tensions at a key German supplier, whose founder and CEO left the company late last month, German labor officials said. Klaus Grohmann, former head…
- Skoda Yeti name to be ditched for Karoq – Autocar: The Skoda Yeti’s replacement is expected to be called the Karoq when it arrives next year as a new Nissan Qashqai rival New model has been spotted with more conventional SUV styling and design influence from the larger Kodiaq
- Lewis Hamilton may have to give way if Mercedes employ team orders – Guardian: Lewis Hamilton, left, may have to give way to Valtteri Bottas if Mercedes employ team orders in the future. Photograph: Andrej Isakovic/AFP/Getty…
- Maruti Suzuki’s fourth-quarter profit up 16 percent on higher sales of premium models – Reuters: Maruti Suzuki India Ltd, the country’s top-selling car maker, posted a 16 percent rise in fourth-quarter profit on higher sales of premium models such as the Brezza SUV and Baleno hatchback, but the profit was slightly below expectations.
- BRIEF-Maruti Suzuki India exec: 2017/18 CAPEX seen at 45 bln rupees – Reuters: April 27 India’s TVS Motor Co Ltd said on Thursday net profit fell nearly 7 percent in the fourth quarter hurt by lower motorcycle sales at home, but beat …
- Why Worry About Tesla, When You Can Sell Millions of Jeeps? – Bloomberg: While BMW and Daimler AG sacrifice short-term profit by investing heavily in electric, autonomous and “connected vehicle” technology, the CEO of Fiat Chrysler Automobiles NV remains unabashedly old-school. He’s turbo-charging earnings by racing to sell…
- Maruti Suzuki Boosts Profit With Sales of Higher-Priced Models – Bloomberg: Maruti Suzuki India Ltd.’s decision two years ago to start a separate network of premium showrooms is starting to pay off, as India’s biggest automaker…
- Throwback Thursday: 1954 Swallow Doretti road test – Autocar: We tested the Doretti, a two-seat roadster related to the Triumph TR2, and built in Walsall by an offshoot of Jaguar
- Moody’s maintains Hyundai’s rating despite weak Q1 results – Yonhap: Global ratings agency Moody’s Investors Service said Thursday it will maintain the current Baa1 rating for Hyundai Motor…
- BRIEF-Maruti Suzuki India March-qtr net profit up about 16 pct – Reuters: is the news and media division of Thomson . Thomson is the world’s largest international multimedia news agency, providing …
- Why You Won’t Be Flying in a Taxi Anytime Soon – Bloomberg: “In the nerd hierarchy of needs, the flying car is up there with downloadable brains and a working holodeck,” Businessweek noted last year…
- Tesla Model S loses top rating from Consumer Reports over brake issue – Reuters: Tesla Inc has lost its top safety rating from Consumer Reports, which said the electric carmaker failed to install an emergency braking feature that it promised to owners as standard equipment.
- Toyota Motor’s global vehicle sales hit record high – Nikkei: Toyota Motor on Thursday said its global vehicle sales grew 1.6% from a year ago to reach a new all-time fiscal-year high of 10,251,000 in…
- Tesla’s Elon Musk Got a Rare Welcome on His China Visit This Week. Why This Matters – Fortune: Elon Musk made an unexpected visit to China this week. Late on Tuesday night, China’s official news agency tweeted a photo of the Tesla chief…
- BRIEF-Changzhou Tenglong Auto Parts to pay FY 2016 annual div on May 4 – Reuters: … is the news and media division of Thomson . Thomson …
- Shares in Japan’s Takata suspended after report on bankruptcy plan – Reuters: Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry’s biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities.
- South Korea’s Kia invests in Indian factory after China troubles hit profit – Reuters: South Korean carmaker Kia Motors Corp signed a deal on Thursday to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.
- UK car industry has its best month in 17 years – Guardian: The biggest manufacturers in the UK include Japan’s Nissan in Sunderland, Indian-owned Jaguar Land Rover in the West Midlands and north-west,…
- Check Point Wants to Go Deeper Into Cars as Hacking Risks Mount – Bloomberg: Check Point Software Technologies Ltd., the world’s second-biggest provider of network security, is positioning itself to increase sales in the global car…
- Car Culture: Repair industry need techies – Detroitnews: Mechanics need to be as handy with laptop as wrench, and approach of robot cars offers chance to get in on ground floor
- Mich. companies team up for ’40 Ford parts – Detroitnews: It was about a year ago that Classic Instruments of Boyne City launched its 1940 Ford 6-in-1 gauge cluster, which immediately won a new-product…
- Flying car contenders taxi for take-off – FT: One of the key technical hurdles for getting flying taxis into the air is the batteries that power them, writes Leslie Hook. Unlike electric cars, these flying vehicles will require a tremendous burst of power to achieve vertical lift-off, and this …
- Wall Street expects first-quarter dip for Ford – Detroitnews: Ford Motor Co. is expected to post first-quarter earnings on Thursday that are down from the same period a year ago, when the Dearborn-based…
- Payne: Hyundai Ioniq Hybrid is Uber-riffic – Detroitnews: Look out, Toyota Prius, the Hyundai Ioniq hybrid is romancing greens, too. But ride-sharing may be its sweet spot.
- Automakers to meet with U.S. transportation, EPA chiefs – Automotive News: Major automakers are set to meet with the head of the U.S. Transportation Department and Environmental Protection Agency as the agencies begin a review of federal fuel efficiency rules.
- Uber driver charged with raping California woman in car – Reuters: An Uber driver accused by prosecutors of having sexually assaulted a female passenger after she sought a ride home from a gathering in the upscale seaside city of Newport Beach, California, was charged with rape on Wednesday.
- Localiza profit up on fleet growth, drop in Brazil interest rates – Reuters: SA), Brazil’s biggest car rental company, posted an unexpected 17 percent rise in first-quarter profit due to rapid fleet growth and falling interest rates.
- Electric Bar Boom Sets Cobalt Up For Massive Price Spike – Yahoo: … next shipments are going to come from to feed the phenomenal progression of the electric vehicle (EV) revolution and massive battery gigafactories.
- UK car production rises to 17-year high in Q1 – SMMT – Reuters: … More than three quarters of cars produced in Britain are exported, and overseas demand grew …
- Ford, GM praise Trump tax reform plan – Freep: Automakers welcomed President Donald Trump’s proposal to drastically cut corporate taxes on Wednesday but stayed silent on reports that the…
- Marchionne: Semi-autonomous Portal could come in 2 years – Freep: While Fiat Chrysler is charging ahead with a deeper partnership with Google’s Waymo, that’s not the company’s only self-driving strategy. Fiat Chrysler…
- VW’s charging station plan for Calif. faces objections from competitors – Automotive News: Major automakers and other groups are raising objections to the way Volkswagen wants to spend $2 billion on electric vehicle…