by deeperkins | May 9, 2018 | Uncategorized
Mexico is opening the door to compromise on the key NAFTA issue of auto manufacturing, though it’s unclear if the flexibility is enough to reach a deal with the U.S. and Canada, according to four people familiar with the talks. Source: Auto Feed
by deeperkins | May 9, 2018 | Uncategorized
Mitsubishi Motors said it expects operating profit to rise 12 percent in the current financial year, driven by higher vehicle sales in Asia. Source: Auto Feed
by deeperkins | May 9, 2018 | Uncategorized
Audi said it plans to sell about 800,000 battery-electric and hybrid-powered cars in 2025, when it also expects to generate an operating profit of $1.2 billion. Source: Auto Feed
by deeperkins | May 9, 2018 | Uncategorized
South Korea said that an impending deal with General Motors to refinance its local unit will ensure the automaker remains in the country for at least 10 years, as its rights to sell shares and assets will be curtailed. Source: Auto Feed
by deeperkins | May 9, 2018 | Uncategorized
Toyota’s operating profit surged 43 percent in the latest quarter as cost cutting, lower selling outlays and falling warranty expenses offset unfavorable foreign exchange rates and helped pilot the automaker to a record full-year net income. Source: Auto...
by deeperkins | May 8, 2018 | Uncategorized
Net income at KAR Auction Services, parent of ADESA auctions, jumped 30 percent in the first quarter largely on a sharp drop in income taxes. Source: Auto Feed
