Daily automotive news - from just-auto.com
Updated: 2 hours 38 min ago
South Africa's Department of Labour says all parties in the country's protracted metalworking strike have accepted wage proposals, but divisions still remain concerning future bargaining methods.
UK labour body, Unite, says it is asking for a rapid meeting with authorities handling Unipart Automotive, following the component supplier's placing into administration today (24 July).
General Motors' European operations are moving slowly in right direction towards a target of hitting profit by mid-decade reporting a second quarter EBIT-adjusted loss of US$300m, which included US$200m for restructuring costs.
Honda plans to make India its export hub for manual transmissions.
BMW has launched its ActiveHybrid 7 sedan in India for INR13.5m (US$224,952), reported Press Trust of India.
Brembo plans to construct a cast iron foundry near its Homer brake and caliper manufacturing plant in Michigan, reported Tire Business.com.
UK engine output slipped 0.9% to 1.3m units in the first half of 2014, the Society of Motor Manufacturers and Traders said.
ZF is considerably expanding its headquarters for China and Asia-Pacific in Shanghai: the space for offices, laboratories, and test benches will almost be quadrupled from 11,000 sq m to 54,000 sq m.
Ford has boosted second quarter pre-tax operating profit US$44m to $2.6bn and net income $78m to $1.3bn as wholesale volume and company revenue slipped 1%. And it's finally back in pre-tax profit in Europe for the first quarter in three years.
Hyundai Motor has reported a 6.9% decline to net income in the second quarter, its bottom line dragged down by the stronger won.
Unlike car output, UK commercial vehicle production continued to decline in June, reflecting 2013 "structural changes", the Society of Motor Manufacturers and Traders said.
The Society of Motor Manufacturers and Traders has reported a "robust first half of 2014 for UK car manufacturing with volumes up 3.5% to 791,314 units".
Ford's struggling Lincoln brand, which has seen sales fall by 65% over the last 25 years, will have a new boss from 1 September in a move new Ford CEO Mark Fields described as "making clear we are serious about Lincoln as a world-class luxury brand".
New vehicle sales in Thailand fell by 30.4% to 73,799 units in June, from 106,033 units a year earlier, according to data released by the Federation of Thai Industries.
General Motors has announced six safety recalls covering 717,949 recent model vehicles in the US. The numbers per incident vary from 22 to 414,000.
Opel chief Karl-Thomas Neumann has confirmed the Opel/Vauxhall Ampera is for the chop but, in a series of Twitter posts, promised a replacement.
Federal-Mogul has posted a second-quarter net loss of US$5m, compared to a US$56m profit in Q2, 2013, although it incurred US$30m in restructuring charges and US$2m in impairment costs during the period.
South Africa's Metal and Engineering Industries Bargaining Council [MEIBC], is apportioning blame on all sides for the leaking of pay settlement details to end the country's crippling month-long strike.
Renault and Fiat have signed an agreement under which Renault will supply Fiat with a light commercial vehicle based on a Renault platform.
Mercedes-Benz has opened its new Shanghai Training Centre, the brand's largest passenger car training site globally.