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  • Newswire

    Hyundai America to Appeal $248 Million Damage Award  

    A Montana jury awarded $8 million to the families of two boys killed in a 2011 crash involving an allegedly defective Hyundai car, plus $240 million in punitive damages, but the automaker denies, responsibility, contending exploding fireworks in the car caused the driver to lose control....More
  • Newswire

    Renault-Nissan Navigating Rough Russian Road  

    CEO Carlos Ghosn says despite Russia's floundering vehicle market, which could contract further if the Ukraine crisis worsens, the automaker has "absolutely no concern for mid- and long-term growth prospects."...More
  • Newswire

    Family That Settled With GM Over Fatal Defect Sues Again  

    The Georgia couple accuses the automaker of concealing key evidence in their original lawsuit in the death of their daughter in a crash linked to a defective ignition switch....More
  • Newswire

    Chrysler Reports Q1 Loss on Fiat Merger Costs  

    The Auburn Hills, Mi-based automaker, a unit of Fiat Chrysler Automobiles, reports a $504 million non-cash charge mainly accounted for its first-quarter loss of $690 million, but expects net 2014 revenues of $80 billion....More
  • Newswire

    Nissan Profit Projection Falls Short of Analyst Estimates  

    The Japanese automaker's net profit for the three months ending March 31 was ¥114.9 billion, exceeding analysts' ¥97.1 billion estimate, but the 4.1% rise in expected profits this year falls short of the analysts' projections....More
  • Newswire

    Toyota Says Sustaining Record Profits Unlikely This Year  

    The automaker says the recent sharp depreciation of the yen likely will curtail exports, which drove net profits 90% above prior-year in the financial year that ended March 31....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares tumble on strategic plan doubts  

    * Shares briefly suspended after falling more than 9 pct * Q1 loss underscores challenges ahead for Fiat Chrysler * Analysts question funding, some see capital increase (Adds analyst comments, share suspension) By Stefano Rebaudo and Laurence Frost MILAN/PARIS, May 7 (Reuters) - Fiat Chrysler shares fell sharply on Wednesday as analysts questioned whether it could achieve the targets of Chief Executive Sergio Marchionne's new strategy for the carmaker - and how the plan would be funded....More
  • Newswire

    UPDATE 2-BMW investment in new models to lift 2014 profit  

    * BMW Q1 vehicle sales of Rolls Royce, Mini and BMW cars reach new record * Automotive EBIT margin was 9.5 pct vs 9.9 pct * Q1 car sales up 25 percent in China, down 1.4 pct in Germany * BMW branded car sales help offset a 12.5 percent dip at Mini (Adds analyst and CFO comment) By Edward Taylor...More
  • Newswire

    Parts Shortages Halt Ford Venezuela Operations  

    Employees at the plant in Valencia say operations will be shut down through May because foreign-currency shortages are curtailing imports of parts....More
  • Newswire

    GM Bailout Cost Taxpayers $11.2 Billion  

    A new Treasury Dept. report says the $11.2 billion the government lost on its bailout of the automaker was more than the $10.3 billion estimated when it shed the last of its GM shares in November....More
  • Newswire

    Bosch Says 2014 Sales Growth Could Reach 5%  

    The supplier's growth plans include increasing sales in Asia and North and South America, and expanding production of Internet-enabled hardware....More
  • Newswire

    China Results Help TRW Automotive Top Sales Estimates  

    The automotive supplier says increased Chinese sales drove a 5% increase in Q1 revenue to $4.4 billion, beating analysts' estimates of $4.3 billion....More
  • Newswire

    UPDATE 2-Honda, Mazda profit growth slows as era of weakening yen ends  

    * FX becoming negative for Japan exporters as yen fall ends * Weaker emerging market currencies pose headache * Honda expects 2014/15 net profit to rise just 3.6 pct * Mazda forecasts 2014/15 net profit growth of 18 pct (Recasts, adds information about Mazda, quotes) By Yoko Kubota...More
  • Newswire

    Mazda Entering Talks With Ford to Shed Stake in Michigan JV  

    The Japanese automaker owns a 50% share of the AutoAlliance International but has not manufactured vehicles at the JV's Flat Rock, MI, plant since August 2012....More
  • Apr 24, 2014
    blog

    GM Profit Report Further Clouds Spotlight on CEO Mary Barra

    The chief executive caps her first 100 days on the job by reporting a razor-thin profit of $125 million, down 86% from year-ago, and bruised by the recall of 7 million vehicles....More
  • Newswire

    UPDATE 3-GM posts lower profit after recall; core outlook on target  

    (Adds CEO, CFO, investor, analyst comments, details, updates stock price) By Ben Klayman and Bernie Woodall DETROIT, April 24 (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America and improvement overseas....More
  • Newswire

    Delphi Beats Profit Forecast, Hikes Full-Year Earnings Outlook  

    The supplier's higher-than-expected quarterly profit comes against the backdrop of its role as the supplier of faulty ignition switches at the center of the General Motors recall controversy....More
  • Newswire

    Mitsubishi Hoping Thai Recovery Builds on Record Profit  

    The automaker nearly doubled its operating profit for the year ended March 31 despite a 40% sales slide in Thailand, where the market has retreated amid political turmoil and the end of a government subsidy program....More
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