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.
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.
View More videos
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
India’s Mahindra & Mahindra Ltd. may build a high-end electric vehicle that would be marketed under the company’s Pininfarina SpA design unit.
Yanfeng Adds Test Lab in Slovak Republic
China’s Yanfeng Automotive Interiors has opened a new test lab within the company's technical center in Trencin, Slovak Republic.
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
Kia Motors Corp. has signed a memorandum of understanding to open a $1.1 billion factory in Andhra Pradesh, India, in the second half of 2019.
SiriusXM Buys Connected-Car Service Provider
Satellite-based radio service Sirius XM Holdings Inc. has acquired Automatic Labs Inc., a San Francisco-based provider of connected-vehicle services.
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.