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Daily automotive news - from
Updated: 20 min 24 sec ago

JAPAN: Denso books H1 net sales of US$18.9bn

6 hours 27 min ago
Denso has posted first half net sales totalling JPY2.07bn (US$18.9bn), a 4.2% rise, while consolidated operating income was JPY161.3bn (US$1.5bn), a 16.1% decrease from the previous year.

US: TE Connectivity books full-year US$14bn net sales

9 hours 17 min ago
TE Connectivity says full-year net sales were US$13.9bn, up 5% on an actual and organic basis versus the prior year, while fourth quarter net sales increased to US$3.58bn.

CZECH REPUBLIC: Skoda deliveries up 13% this year

10 hours 34 min ago
Skoda says that deliveries of its vehicles so far this year (to the end of September) are up 13% to 774,100 vehicles.

UK: Johnson Matthey to acquire Clariant battery materials business

10 hours 39 min ago
Johnson Matthey says it has entered into an agreement to acquire the battery materials business of Clariant for US$75m.

US: BorgWarner posts Q3 net sales up 13% to US$2.03bn

11 hours 10 min ago
BorgWarner has booked third quarter net sales of US$2.03bn, up 13%, while operating income was US$238m.

NORWAY: Norsk Hydro posts US$223m Q3 EBIT

11 hours 28 min ago
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) rose to NOK1.5bn (US$223m) in the third quarter from NOK544m in the second quarter.

UK: Honda opens 'first commercial scale green hydrogen refuelling facility'

11 hours 33 min ago
A consortium of businesses including BOC and Honda have joined the Swindon mayor Cllr Teresa Page, and other dignitaries at a ceremony to mark the official launch of the UK's first commercial scale solar-powered hydrogen production and refuelling facility.

US: NHTSA ramps it up with Takata over airbags

11 hours 38 min ago
The National Highway Traffic Safety Administration (NHTSA) has sent a special order to TK Holdings, Takata's American unit, asking for documents related to the defective airbags.

UK: Jaguar Land Rover opens engine production centre

11 hours 45 min ago
Tata owned Jaguar Land Rover (JLR) has officially opened its new "Engine Manufacturing Centre" in the English West Midlands.

SWITZERLAND: Oerlikon Group sales grow 26% to US$913m

11 hours 57 min ago
Oerlikon says Group sales grew 26% to CHF877m (US$913m), with order intake up 19% to CHF845m.

NORWAY: Kongsberg secures major OEM EUR17m manual shifter contract

12 hours 15 min ago
Kongsberg Automotive (KA) says it has received nomination from a major - unnamed - European OEM for supply of the complete manual gear shifter system.

CHINA: BYD posts 26% drop in Q3 profit

October 30, 2014 - 17:11
Chinese vehicle maker BYD has posted a 26% drop in its third quarter profit (at 22.8 million yuan) and forecast that full-year 2014 profit could be down by over 20%.

INDIA: BMW Plant Chennai hits 40,000 cars produced milestone

October 30, 2014 - 16:35
BMW says that its Chennai plant has rolled out the 40,000th locally assembled car.

CHINA: Lifecycle & body extension for Infiniti QX50

October 30, 2014 - 13:50
An Infiniti spokesman has told that the aged QX50 crossover will not be replaced "in the near future". This follows the recent introduction of a made-in-China version of the now seven-year old model.

US: CNH Industrial posts Q3 net income of US$162m

October 30, 2014 - 13:34
CNH Industrial has posted third quarter net income of US$162m, down from US$275m, with revenues totalling US$7.7bn, down from US8.2bn last year.

US: GM invests US$63m to expand crossover plant

October 30, 2014 - 13:07
General Motors will add 263,000 sq ft to its newest plant in North America, the Lansing Delta Township facility in Michigan, which was opened in 2006.

CHINA: LG Chem starts work on Nanjing EV battery plant

October 30, 2014 - 12:20
LG Chem has held a ground breaking ceremony for the construction of electric-car battery plant in Nanjing, China, to meet what it describes as "growing demand in the world's biggest car market"

US: Eaton books Q3 operating earnings up 15% to US$616m

October 30, 2014 - 12:16
Eaton says operating earnings for the third quarter, excluding pre-tax charges of US$19m to integrate recent acquisitions, were US$616m, an increase of 15%.

AZERBAIJAN: Rolls-Royce opens first showroom

October 30, 2014 - 12:05
BMW luxury car subsidiary Rolls-Royce Motor Cars has announced the official opening of its first showroom in Azerbaijan - Rolls-Royce Motor Cars Baku.

US: Goodyear books Q3 operating income up 21% to US$520m

October 30, 2014 - 12:01
Goodyear has posted third quarter segment operating income of US$520m million, up 21%, with what it says are record North America Q3 earnings up 30% to US$210m.