Ford’s First-Quarter Income Drops 36%

April 27, 2017 at 9:59 AM

Ford Motor Co.’s net income in January-March fell to $1.6 billion from $2.5 billion. Adjusted pretax profit fell 42% to $2.2 billion.

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Personal Mobility as an “Oasis”

EY has again partnered with Swiss mobility tech innovator Rinspeed to help show how tomorrow’s self-driving vehicles may look and function.


Lamborghini Opens Mega-Store in Dubai

Volkswagen AG’s Lamborghini unit has opened its largest showroom in the world, a 19,000-sq-ft facility in Dubai.


Kia's U.S. Unit Hires Ex-Chrysler Ad Exec Chehab

Kia Motors Corp. has named Saad Chehab to take over as its U.S. marketing communications chief on May 8.


Mahindra Mulls Pininfarina-badged Supercar

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Yanfeng Adds Test Lab in Slovak Republic

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BorgWarner Reports Sales, Earnings Gains

BorgWarner Inc.’s operating income and net earnings in the first quarter grew 11% to $293 million and 15% to $180 million, respectively.


Toyota Recalls 228,000 Tacoma Trucks in U.S.

Toyota Motor Corp. is preparing to recall about 228,000 of its 2016-2017 model Tacoma compact pickup trucks with rear axle differentials that could leak oil, seize and cause a crash.


Renault Hikes First-Quarter Revenue 25%

Renault SA’s increased its revenue 25% to €13.1 billion ($14.3 billion) in the first quarter as worldwide unit sales climbed 16% to 873,700 units.


Kia Inks Deal to Build $1.1 Billion Assembly Plant in India

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SiriusXM Buys Connected-Car Service Provider

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Vehicle Production in U.K. Jumps to 17-Year High

Output by the U.K.’s carmakers rose 7% to 170,700 units in March, the best result since 2000, the Society of Motor Manufacturers and Traders reports.