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Latest Articles in automakers

China's July Exports Seen Falling On Global Virus Surge; Import Growth Cools

Imports likely rose 1.0% on year, the poll showed, easing from a gain of 2.7% the previous month, due to a high base last year and the reimposition of lockdown measures in some overseas economies which hampered the flow of goods

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Volkswagen's Skoda Auto Appoints Schaefer As Chairman

Skoda is a bellwether for the Czech economy and the country's biggest exporter with 1.24 million vehicles delivered in 2019.

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Skoda's First-Half Deliveries Fall 31%, Sees Steady Markets Ahead

Skoda delivered 426,700 cars in January to June while sales revenue fell by a quarter to 7.55 billion euros ($8.95 billion)and operating profit sank 72% to 228 million euros.

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Tata Motors Report June-Quarter Loss On Pandemic Hit

Tata Motors reported a consolidated net loss of 84.38 billion rupees ($1.13 billion) for the first quarter ended June 30, compared with a loss of 36.98 billion rupees a year earlier.

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Ford Posts Profit, But Expects Full-Year 2020 Loss

Ford reported net income in the second quarter of $1.1 billion, or 28 cents a share, compared with a profit of $100 million, or 4 cents a share, a year earlier.

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Renault Handed 'Wake-Up Call' With Record 7 Billion Euro Loss

Sales slumped 34.9%, a result the company attributed mainly to the global COVID crisis and Renault burned through $6.38 billion in cash over the first half.

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GE Reports Quarterly Loss As Coronavirus Pandemic Hits Hard

Loss per share from continuing operations came in at 27 cents in the second quarter ended June 30, compared with 3 cents a year earlier.

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Maruti Suzuki India Posts First Quarterly Loss In At Least 15 Years

The New Delhi-headquartered company logged a net loss of 2.49 billion rupees ($33.30 million) for the three months ended June 30, compared with a profit of 14.36 billion rupees a year ago.

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Aston Martin Losses Grow As Sales Tumble At James Bond's Carmaker

The firm's half-year pre-tax loss of 227 million pounds compares to a loss of 80 million pounds in the same period last year. Revenue fell by nearly two thirds to 146 million pounds.

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South Korea Launches Safety Probe Into Tesla Vehicles

Braking and steering systems including the Autopilot function were part of the investigation, a transport ministry official said on Wednesday.

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Jaguar Land Rover Names Ousted Renault Boss Bollore As CEO

JLR cut costs to address tumbling diesel sales which helped it return to profit before being hit by the pandemic, which contributed to a pretax loss of 422 million pounds ($530 million) for the financial year to March 31.

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Hydrogen Champion Hyundai Races To Electric As Tesla Takes Off

Hyundai Motor Co made 230 electric cars for the government, but they ended up being mothballed at a research center outside Seoul due to a lack of charging infrastructure, according to Lee Hyun-soon

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Mitsubishi Motors Tumbles To All-Time Low On 'Shocking' ASEAN Sales Plunge

Mitsubishi Motors' results were "shocking", said analyst Mio Kato of LightStream Research, who publishes on the Smartkarma platform, noting that Southeast Asia was particularly concerning.

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VW Sees Amazon-Built ‘Industrial Cloud’ As Future B2B Marketplace

VW’s “industrial cloud” was designed in partnership with Amazon Web Services and eventually will link more than 120 VW factories around the world to the automaker's 1,500 suppliers and their 30,000 plants.

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German Prosecutors Search Offices In Fiat, Iveco Emissions Probe

The investigation, which is coordinated by EU justice agency EUROJUST, focuses on nine individuals living in Italy and their activities between 2014 to 2019

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