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Daily automotive news - from just-auto.com
Updated: 2 hours 38 min ago

SOUTH AFRICA: Strike still on as peace clause provides stumbling block

July 24, 2014 - 17:28
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: Unipart Automotive in administration as 1,224 jobs under threat

July 24, 2014 - 16:50
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).

US: Recalls dampen GM Q2 financials; Europe loss widens

July 24, 2014 - 14:34
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.

INDIA: Honda to make India manual transmission export hub

July 24, 2014 - 13:44
Honda plans to make India its export hub for manual transmissions.

INDIA: BMW launches ActiveHybrid 7 for INR13.5m

July 24, 2014 - 13:44
BMW has launched its ActiveHybrid 7 sedan in India for INR13.5m (US$224,952), reported Press Trust of India.

US: Brembo to spend US$100m on Michigan cast iron foundry

July 24, 2014 - 13:40
Brembo plans to construct a cast iron foundry near its Homer brake and caliper manufacturing plant in Michigan, reported Tire Business.com.

UK: H1 engine output off 0.9%

July 24, 2014 - 13:30
UK engine output slipped 0.9% to 1.3m units in the first half of 2014, the Society of Motor Manufacturers and Traders said.

CHINA: ZF Friedrichshafen expands Asia-Pacific headquarters

July 24, 2014 - 13:18
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.

US: Ford Europe finally makes a pre-tax buck

July 24, 2014 - 13:16
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.

SOUTH KOREA: Hyundai Motor Q2 results hit by stronger won

July 24, 2014 - 12:53
Hyundai Motor has reported a 6.9% decline to net income in the second quarter, its bottom line dragged down by the stronger won.

UK: Commercial vehicle output decline continues

July 24, 2014 - 12:33
Unlike car output, UK commercial vehicle production continued to decline in June, reflecting 2013 "structural changes", the Society of Motor Manufacturers and Traders said.

UK: H1 car output up 3.5%

July 24, 2014 - 12:16
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".

US: New boss for Lincoln as Fields acts swiftly

July 24, 2014 - 12:08
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".

THAILAND: Sales drop 30% in June, 40% YTD

July 24, 2014 - 11:28
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.

US: GM announces six more recalls

July 24, 2014 - 10:41
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.

GERMANY: Opel axing Ampera, promises replacement EV

July 23, 2014 - 17:37
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.

US: Federal-Mogul unveils US$5m first quarter loss

July 23, 2014 - 16:27
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: Strike settlement leak blamed on all sides

July 23, 2014 - 14:28
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.

FRANCE: Renault to supply LCV to Fiat

July 23, 2014 - 13:44
Renault and Fiat have signed an agreement under which Renault will supply Fiat with a light commercial vehicle based on a Renault platform.

CHINA: Mercedes-Benz opens training centre in Shanghai

July 23, 2014 - 13:33
Mercedes-Benz has opened its new Shanghai Training Centre, the brand's largest passenger car training site globally.

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