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Latest Articles in automakers

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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Toyota Sees Further Recovery In Global Car Production In August

The company said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000

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Geely's Volvo Cars In Gear For Recovery, While Merger Delayed

Volvo had warned in March that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business.

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Solid Profits At Volvo Spur Truck Industry's Recovery Hopes

Volvo shares, which have already clawed back the brunt of this year's losses, rose 3.5% in early trading.

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India's Auto Sales To Take 3-4 Years To Return To Peak Levels

India went into lockdown in late March to prevent the spread of the novel coronavirus, forcing automakers to suspend manufacturing. While production has resumed, with restrictions, plant utilisation levels are low at 20%-30%.

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Tesla China Sold 14,954 Model 3 Vehicles In June, Up 35% On The Month

Tesla sold 11,095 vehicles in May, up from around 3,635 units in April, CPCA data showed.

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China's June Passenger Car Sales Down 6.5% - CPCA

Pure battery electric vehicle sector sold 67,000 units in June with U.S. maker Tesla Inc accounting for 23% of the market

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