Newswire

  • Newswire

    BRIEF-General Motors says April U.S. sales down 3.5 pct  

    May 3 (Reuters) - General Motors Co : * Reports April 2016 total U.S. sales of 259,557 vehicles, down 3.5 percent; April 2016 retail sales of 200,656 vehicles, up 3.3 percent * Estimates seasonally adjusted annual selling rate (SAAR) for light vehicles in April 2016 was 17.6 million units * Deliveries to daily rental customers expected to be down about 18,000 to 20,000 units year-over-year in May 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)...More
  • Newswire

    BMW says staff defections have not decimated electric cars team  

    FRANKFURT, May 3 (Reuters) - BMW Chief Executive Harald Krueger said the carmaker had enough staff to continue developing its cutting-edge electric vehicles programme known as "Project i", despite recent defections of key staff to a Chinese electric vehicle startup. "Overall four people have left the company, not all were working on the i project," Harald Krueger told analysts on a call to discuss first-quarter results....More
  • Newswire

    Porsche picks new R&D chief as suspended Hatz quits  

    BERLIN, May 3 (Reuters) - Porsche AG's supervisory board has appointed Michael Steiner as new head of research and development, replacing Wolfgang Hatz who will leave the sports-car maker at his own request. Steiner, currently head of quality management, will succeed Hatz immediately, Porsche said on Tuesday. Hatz, who held a senior position at parent Volkswagen before switching to Porsche in 2011, was suspended last September after VW's diesel emissions test-cheating scandal broke. (Reporting by Andreas Cremer; Editing by Maria Sheahan)...More
  • Newswire

    BRIEF-FCA US LLC says April U.S. sales of 199,631 units, up 6 pct  

    May 3 (Reuters) - FCA US LLC: * U.S. Sales in April 2016 of 199,631 units, a 6 percent increase compared with sales in april 2015 * U.S. Industry sales including medium and heavy trucks for april projected at estimated 17.9 million units seasonally adjusted annual rate Source text for Eikon: Further company coverage:...More
  • Newswire

    Fiat Chrysler U.S. April auto sales rise 6 percent on truck, SUVs  

    DETROIT, May 3 (Reuters) - Fiat Chrysler Automobiles on Tuesday reported that April U.S. auto sales rose 6 percent, setting the stage for the industry to meet analysts' expectations for the highest April sales since 2005. "Consumer preference for SUVs and pickup trucks continued unabated in April and helped to propel us to our strongest April sales in 11 years," said Reid Bigland, head of sales for the automaker in North America....More
  • Newswire

    Turkish April automotive sales fall 7.3 percent year-on-year - association  

    ISTANBUL, May 3 (Reuters) - Turkish passenger car and light commercial vehicle sales fell 7.3 percent year-on-year to 84,887 vehicles in April, the Automotive Distributors Association said on Tuesday. It said sales in the first four months of the year fell 4.3 percent to 253,373 vehicles. (Reporting by Can Sezer; Writing by Daren Butler; Editing by David Dolan)...More
  • Newswire

    BRIEF-Accuride Q1 loss per share $0.10 from continuing operations  

    May 3 (Reuters) - Accuride Corp * Accuride reports first quarter 2016 results * Q1 loss per share $0.10 from continuing operations * Q1 sales $160.9 million versus i/b/e/s view $165.4 million * Q1 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S * Sees fy 2016 revenue $650 million to $700 million * Q1 loss per share $0.10 * Full-Year financial guidance remains unchanged...More
  • Newswire

    Crash, bang, wallop! Drivers take flight at UK car jumping contest  

    ANGMERING, England, May 3 (Reuters) - Their engines revving and with paramedics on standby, daredevil drivers took flight over a line of old vehicles in southern England on Monday competing for this year's UK car jumping title. On a racing track in Angmering village in West Sussex, drivers sped up a ramp, seeking to fly over eight pairs of wrecks and land safely on the opposite side in the annual contest, with each jump judged on elevation, crowd reception and distance....More
  • Newswire

    BRIEF-Cummins posts Q1 earnings per share $1.87  

    May 3 (Reuters) - Cummins Inc * Cummins reports first quarter 2016 results * Q1 earnings per share $1.87 * Q1 revenue $4.3 billion versus I/B/E/S view $4.3 billion * Q1 earnings per share view $1.78 -- Thomson Reuters I/B/E/S * Cummins Inc says Cummins reaffirms full year guidance for revenues and EBIT * Cummins Inc qtrly currency negatively impacted revenues by approximately 3 percent compared to last year, primarily due to a stronger us dollar...More
  • Newswire

    COLUMN-The self-driving road to lower returns: James Saft  

    (James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft May 3 (Reuters) - The development of self-driving cars is a good example of how, and why, the future may be a less profitable place for investors. Volvo AB, one of scads of technology and automotive firms working along the same lines, last week announced plans to test autonomous cars in London in 2017, touting how driverless technology will be a huge advance in safety....More
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