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UK: SMMT reports car output jumped 16 percent in September

UK: SMMT reports car output jumped 16 percent in September

British auto manufacturing has grown almost 16 percent last month year over year thanks to increased demand for exported autos, announced the national automotive industry body on Thursday. The Society of Motor Manufacturers and Traders, the British industry association, reported car production soared by 15.5 percent in September compared to […]

Thailand sees collapse of car sales this year

Thailand sees collapse of car sales this year

Thailand’s industry-wide auto sales might slump up to 15 percent this year and deliver a third consecutive year of negative growth, according to the Thai subsidiary of Japan’s Toyota Motor Corp. The company had initial expectations that called for a positive turn of events – with new vehicle sales soaring […]

US: sales are on the rise, passenger cars are not

US: sales are on the rise, passenger cars are not

Automakers reported way better results for August than initially expected, given that a traditional weekend sales bonanza – the Labor Day holiday – was moved by a calendar quirk in September. The engine driving US auto sales was revved up and in the full torque area, thanks to increased consumer […]

Continental says profit would rise faster than initially forecasted

Continental says profit would rise faster than initially forecasted

The European automotive supplier announced it would positively modify its full year profit guidance outlook following second quarter results that came with an earnings jump. The updated profit guidance comes as the second quarter results exceeded expectations thanks to the faster European auto market turnaround – Continental reported its new […]

US: July auto deliveries rise briskly for Detroit Three

US: July auto deliveries rise briskly for Detroit Three

With the hot summer yielding equally scorching auto deliveries, the top three automakers from Detroit managed to post gains that overcame even the analyst predictions, signaling the continued strength of the US auto industry. General Motors, the largest US automaker managed to rise 6.4 percent, thoroughly trumping expectations form analysts […]