- GM reports $3.9 billion loss for 2017 – Detroitnews: GM lost $3.9 billion in 2017 on charges related to tax overhaul and sale of its European business
- Hyundai Santa Fe revealed ahead of Geneva motor show debut – Autocar: The Korean firm’s large SUV, which will be revealed to the public next month, gets a bold new look, uprated technology and two new engine choices
- General Motors earnings: $1.65 per share, vs $1.38 EPS expected – CNBC: Like its U.S. rival Ford, GM is focusing more of its attention on high-margin trucks and SUVs, and is funneling money into new technologies, such as autonomous vehicles. In January, the company said it is seeking federal approval for a self-driving…
- 2019 BMW 3 Series G20: new spy pics from latest winter testing stint – Autocar: The German firm’s seventh-generation model will meld its trademark dynamic ability with improved comfort; warm model will sit below the full-fat M3
- Nissan to launch new all-electric Leaf in Asia-Pacific markets – Reuters: He said the technology was a very good bridge to attract car buyers to try electric vehicles as it gave the experience of driving an electric car, but did not require charging stations. Currently, electric cars account for a small portion of the market…
- China’s Geely buys shares in Germany’s Daimler – sources – Reuters: In November, sources had told Reuters that Daimler, the parent company of Mercedes-Benz, turned down an offer from Geely to take a stake of up to 5 percent via a discounted share placement. At the time, Daimler declined to issue new shares because it…
- Fiat Chrysler exec who led Dodge Demon launch to oversee Alfa Romeo, Maserati – Freep: Fiat Chrysler Automobiles announced several high-profile moves but no departures in an executive shakeup on Monday. Tim Kuniskis, who oversaw the high-profile launch of the Dodge Demon in 2017, has been named head of the Alfa Romeo and Maserati brands…
- Mercedes-Benz apologizes to Chinese for quoting Dalai Lama – Reuters: Mercedes-Benz apologized to Chinese consumers on Tuesday for an Instagram post showing one of its luxury cars along with a … In a statement on its official Weibo, the German car maker said it had deleted the controversial post immediately, and…
- Opel denies losing 1 billion euros in 2017 – Automotive News: Opel denied a report that its loss widened to more than 1 billion euros ($1.24 billion) last year. Citing boardroom sources, Handelsblatt reported that Opel, which General Motors sold to PSA Group last August, racked up more than 1 billion euros in…
- Audi offices searched by German prosecutors in diesel-emissions probe – Automotive News: German prosecutors searched offices at Audi’s headquarters and its car plant in Neckarsulm, Germany, in connection with the suspected manipulation of emissions on diesel vehicles in Europe, the Munich prosecutors’ office said. Authorities also searched…
- Geely plans to become largest Daimler shareholder – Autocar: Chinese car giant previously offered to acquire the share at a reduced rate and was rejected by Daimler
- Geely Automobile Jan Sales Volume Up 51% On Year To 155089 Units – Nikkei: Geely Automobile Holdings, the Hong Kong-listed carmaker, said Tuesday that total January sales volume grew about 51% on year to a record high. The company sold total 155,089 units in the month, it said in an exchange filing. The group’s exports volume…
- Toyota quarterly profit boosted by US tax windfall – Automotive News: President Akio Toyoda warned last May that his company was headed for a second year of falling profit and ordered massive cost controls to prevent that from happening. Thanks to aggressive cost cutting and better-than-anticipated foreign exchange…
- Mercedes-Benz makes best-ever start to a year with more than 193,000 vehicles sold – Daimler: With a new sales record, Mercedes-Benz started the year 2018 as successfully as it concluded the previous year.
- HondaJet’s China certification could happen as early as end-2018 – CEO – Reuters: FILE PHOTO: Honda Aircraft Company’s President and Chief Executive Officer Michimasa Fujino poses for pictures with a Honda Aircraft Company’s Honda jet in Sao Paulo, Brazil, August 10, 2015. REUTERS/Paulo Whitaker. Generally aviation manufacturers do…
- 2018 Kia Ceed confirmed for Geneva motor show reveal – Autocar: Kia has previewed its next-generation Ceed Next-generation model will be produced in hatchback, estate and shooting brake forms
- HondaJet’s China certification could happen as early as end-2018 -CEO – Reuters: HondaJet is hopeful its jet will receive certification in China by the end of 2018, faster than earlier forecast, the CEO of the aircraft unit of Honda Motor Co said on Tuesday. FILE PHOTO : Honda Aircraft Company CEO Michimasa Fujino poses next to…
- TMC Announces April-December 2017 Financial Results – Toyota: Toyota Motor Corporation (TMC) today announces its financial results for the nine-month period ended December 31, 2017.
- Toyota posts 54 percent jump in third quarter profit, lifts full-year forecast – Reuters: Toyota Motor Corp on Tuesday reported a 54 percent jump in operating profit for the third quarter, boosted by strong performance at home in Japan … FILE PHOTO: A Toyota Motor Corp. logo is seen on a car at the International Auto Show in Mexico City,…
- Toyota Raises Profit Forecast as US Camry, RAV4 Sales Jump – Bloomberg: America’s love for SUVs has reverberated through the earnings of Toyota and Honda Motor Co., which last week raised its profit forecast. Even while boosting the sales of the RAV4 SUV, Toyota also retained its status as the maker of America’s…
- Vietnam’s Vingroup takes trip into unknown with first ‘national car’ – FT: The project, on which Vingroup is spending $1.5bn in its initial phase, is so large that it has called in all the companies that supply pilings from northern Vietnam, and some … Vietnam has one major car, truck and bus manufacturer, Truong Hai…
- Nissan in talks to make electric cars and batteries in Thailand – FT: Nissan is in talks with Thailand’s government about producing electric cars and automotive batteries in the south-east Asian kingdom, according to a senior executive at the Japanese carmaker. Yutaka Sanada, Nissan’s regional chief, said on Tuesday that…
- Elon Musk Just Hopes His Falcon Heavy Rocket Doesn’t Blow Up – Fortune: The maiden flight of Space Exploration Technologies Corp.’s larger and more powerful Falcon Heavy rocket will be a success if it doesn’t blow up on the launch pad, according to Chief Executive Officer Elon Musk. “This is a test mission, so we don’t…
- McLaren to usher in new breed of hybrid and autonomous cars – Autocar: Successor to the 570S will be based on a new structure Woking car maker’s future core line-up will be fully electrified to conform to legislation, but some pure combustion ‘special editions’ may still be possible
- Mitsubishi Heavy seen selling M’bishi Motors stake for over $460 million: Nikkei – Reuters: The three Mitsubishi group companies’ combined stake in Mitsubishi Motors would remain unchanged at about 22.5 percent, the Nikkei said. Nissan Motor Co is Mitsubishi Motors’ top shareholder with a controlling 34 percent stake. Mitsubishi Heavy is…
- Autocar confidential: the Lamborghini recipe, a Jaguar XF Sportbrake to convince America and more – Autocar: Jaguar design director Ian Callum believes the XF Sportbrake is better looking than the saloon Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry
