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Daily automotive news - from
Updated: 2 hours 46 min ago

US: Gentex posts net income up 30% to US$72m

October 24, 2014 - 17:01
Gentex has posted net income for the third quarter of 2014 up 30% to US$72m, compared with net income of US$56m in the third quarter of 2013.3.

US: Ford Q3 pre-tax profit plunges $1.4bn

October 24, 2014 - 14:12
Ford Motor Company on Friday (24 October) reported 2014 third quarter pre-tax profit down $1.4bn year on year to $1.2bn though it was nonetheless the automaker's 21st consecutive profitable quarter.

BRAZIL: Honda imports Civic Si coupe from Canada

October 24, 2014 - 13:08
Making use of its new 9,600 units a year quota limit for additional IPI excise tax exemption, Honda is, for the first time, importing the Civic Si 2-door coupe version - from Canada.

CHINA: Novelis expands aluminium output

October 24, 2014 - 12:41
US aluminium company Novelis is ramping up production at its new automotive aluminium sheet plant in Changzhou, in China's Jiangsu province, to meet growing demand from the country's automakers.

JAPAN: Nissan recalls 260,000 cars globally over Takata airbags

October 24, 2014 - 12:33
In the latest development in the Takata airbag saga, Nissan Motor said it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by the supplier.

US: Former PR executive claims Ford bugged his telephone

October 24, 2014 - 12:18
Former Ford PR chief Jason Vines, a key lieutenant of CEO Jacques Nasser at the time, says the company bugged his telephone during the company's 2001 Firestone tyre crisis.

MEXICO: Mazda starts 2 production at MMVO

October 24, 2014 - 11:21
Production of the redesigned Mazda 2 (Demio in Japan) has started at the automaker's new plant in Mexico.

UK: Mazda aims for new-look dealers by March

October 24, 2014 - 10:49
Mazda UK plans on completing installations of the brand's new visual identity at 80% of its 136 outlets by next March.

MEXICO: Fiat Strada becomes RAM 700 mini pick-up

October 23, 2014 - 19:50
FCA has added a new model for the Mexican market's 2015 model year: the RAM 700. This small pick-up is a rebadged Fiat Strada Adventure and is imported from Brazil.

US: Dana reveals Q3 net income up 32% to US$90m

October 23, 2014 - 17:59
Dana has reported third quarter net income up 32% to US$90m, compared to US$68m in the same period last year.

US: Federal-Mogul posts US$18m Q3 net loss but net sales up 11%

October 23, 2014 - 17:45
Federal-Mogul has posted a third quarter loss of US$18m based on net sales of US$1.87bn, up 11% on a continuing operations basis.

FRANCE: Valeo posts Q3 sales up 10% to US$3.9bn

October 23, 2014 - 17:23
Valeo has unveiled third quarter sales up 10% to EUR3.07bn (US$3.9bn), with original equipment sales advancing 13%.

US: GM still books $1.4bn Q3 net profit after $300m flood and Russia hit

October 23, 2014 - 13:45
General Motors has announced third quarter net income took a US$300m hit from "special items" but net profit for the recall-troubled quarter was still $1.4bn, or $0.81 a share - double the result for Q3 2013.

BELGIUM: DuPont to fight EC coolant objections "every step of the way"

October 23, 2014 - 13:12
Dupont says it will 'fight every step of the way' against European Commission (EC) moves that say it may have breached European Union (EU) anti-trust rules along with fellow-chemical producer, Honeywell

GERMANY: Mercedes seeks new NAFTA Sprinter assembly plant

October 23, 2014 - 12:01
Mercedes-Benz plans to assemble its next generation Sprinter commercial van in North America.

GERMANY: Daimler boosts Q3 profit after record sales

October 23, 2014 - 11:34
Daimler said it booked strong growth in earnings and record unit sales and revenue in the third quarter of 2014. The group boosted Q3 unit sales 7% year on year to 637,400 cars and commercial vehicles worldwide as Mercedes-Benz Cars set a quarterly record.

SWEDEN: Russian tension will not escalate: chief economist

October 23, 2014 - 11:29
A leading Swedish economist says he does not believe simmering tensions surrounding Russia's influence in Eastern Ukraine will escalate into anything more serious.

JAPAN: Honda recalls Fit hybrid a fifth time, execs take pay cut

October 23, 2014 - 10:35
Honda Motor is recalling its redesigned Fit [Jazz] hybrid for the fifth time in less than a year in Japan, issuing a recall of 425,825 cars on Thursday (23 October) due to two defects.

UK: Vauxhall undercuts Fiesta with new Corsa pricing

October 23, 2014 - 01:39
The fourth generation Vauxhall Corsa will undercut the entry level Ford Fiesta, Britain's long-time best selling car, by GBP1,000 when it goes on sale at year-end.

JAPAN: Takata shares recover after airbag recall charge update

October 22, 2014 - 18:25
Takata Corporation, the Japanese maker of air bags at the centre of an auto industry-wide safety crisis, has recovered from its biggest-ever drop in Tokyo share trading after saying additional charges related to recalls would be small.