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Honda aims for record profit


The third biggest carmaker in Japan has increased its profit prediction to the highest level in seven years, riding the boost provided by the dwindling local currency and advances in emerging markets. According to the Tokyo-based automaker, net income is expected to rise 4.5% to 600 billion yen ($5.9 billion) for the current fiscal year, which ends March 31, 2015. The ...
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Report – VW again hit by trouble with its MQB platform
At a time when the German carmaker is vying to become the top global producer, there are still internal hiccups that relate to the introduction of its long heralded MQB ...
Report – Toyota’s FCV to be named Mirai
According to a source that has knowledge of the company plans, the $69,000 fuel-cell vehicle that Toyota will sell from 2015 could be named Mirai – which means future in ...
Daimler close to revising its German sales network
The parent company of Mercedes-Benz has reached a deal with its works’ council on the decision to overhaul the network of retail outlets it owns. Daimler said the company agreed to ...
VW ready to challenge Toyota for global domination
Toyota, Japan’s largest company and the world’s biggest automaker, managed to maintain its lead over the Volkswagen Group after first half-sales were accounted. Toyota, which counted the Hino and Daihatsu units ...
Tesla forecasted to reach record second-quarter sales
The California-based electric carmaker has been on a global offensive this past quarter, with the company beginning deliveries in two key markets – China and the right-hand drive United Kingdom. The ...
GM gets huge lawsuit related to the ignition switch debacle
General Motors, which acknowledged that a 2.6 million cars recall issued in February was at least a decade late, has now been served a lawsuit that consolidates into one single ...
Toyota half-year sales rise 3.8%
The world’s largest automaker, Toyota Motor Corporation, reported a first-half year record as demand for its SUVs in the United States exceeded expectations. The Japanese automaker, including its Hino Motors and ...
South Korea: Hyundai union could strike in August
In a concerted move, all labor unions at Hyundai and its 14 affiliates plan a walkout in August if the company doesn’t fulfill their wage increase demands. Lee Kyung Hoon, union ...
Russia: automakers still want to do business there
The former communist country is seen by the major carmakers, such as General Motors, Ford, Volkswagen, Renault-Nissan, etc., as an emerging market that could have a key strategic position. The only ...



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Honda aims for record profit
The third biggest carmaker in Japan has increased its profit prediction to the highest level in seven years, riding the ...
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Report – VW again hit by trouble with its MQB platform
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