Daily automotive news - from just-auto.com
Updated: 2 hours 21 min ago
Ferrari booked a record half year trading profit up 5.2% to EUR185m on revenues of EUR1,348.6m (+14.5%).
Toyota has apparently distanced itself from comments made earlier by Tesla Motors founder Elon Musk that future collaboration between the two automakers cannot be ruled out.
Porsche Automobil Holding SE has bought a stake of around 10% in the US technology company INRIX, a provider of real-time traffic information.
Following the news earlier this week premium brand Audi had hiked its 2014 sales target to about 1.4m, parent Volkswagen Group announced a 6.5% rise in deliveries to the end of August, to 6.52m vehicles.
Mahindra and Mahindra is conducting early-stage feasibility studies on selling cars in the US.
Shanghai General Motors has recalled Cadillac XTS sedans due to a fault in the brake control software.
Mitsubishi may spend up to US$1bn on a new car plant in Indonesia, media reports said.
Continental has broken ground for a new high performance tyre technology centre at its Korbach plant in Germany.
Toyota's US unit is recalling around 130,000 2014 Tundra Crew-Max Cab and Double Cab pickup trucks to check curtain airbags.
Fiat was careful to get the timing right to update its new Uno. It was launched just over four years ago and a model year 2015 update has arrived charged with boosting sales in the aftermath of the Mille (essentially an updated mid-1980s Uno) phase-out early this year which accounted for 50% of sales of both models, a typical Brazilian market distortion.
South Korea has launched an investigation into the transfer of engine technology to a Chinese automaker by a local automotive contractor, according to local reports.
New vehicle sales in China grew by just over 4% to 1.71m units in August, compared with 1.65m units in the same month of last year, according to the China Association of Automobile Manufacturers (CAAM).
China's antitrust regulators on Thursday formally announced their first fines to foreign automakers for price fixing, following a widely reported and ongoing investigation into anti-monopolistic practices in the country's automotive industry.
Faurecia has announced its 38th North American plant, a seating factory in Simpsonville, Kentucky.
Ford has made its three millionth small-capacity diesel engine at its Dagenham 'diesel centre'.
Registrations of 3,106 new commercial vehicles in August reflected continued strong demand and was the best result for the month since the local Motor Industry Association began collecting records for this type of vehicle.
Judging by the derisory comments on Twitter today, some British motoring writers aren't impressed with General Motors Europe's German unit Opel's decision to call its new five-door small car Karl. UK unit Vauxhall will revive the Viva nameplate last used in 1979.
Toyota reportedly is looking to build a new vehicle plant in Mexico to take advantage of the country's low labour costs and numerous free trade agreements.
Jatco has held an opening ceremony for its second Mexican manufacturing plant in Aguascalientes.
EnerDel and Allison Transmission have entered into a strategic relationship naming the battery manufacturer's PP320-689-LP Vigor+ pack as approved Allison support equipment.