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Ford’s fourth-quarter profit hit by $800 million Venezuelan currency charge


The second-largest US automaker, Ford Motor recently announced that a charge that came from Venezuela related operations has negatively impacted the fourth-quarter net profit. The country’s volatile currency has led to a $700 million cut of the estimated fourth-quarter net profit at Ford, with the company saying it has been battling the valuation of the Venezuelan Bolivar for more than a ...
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South Korea: Uber is in violation of communications law
According to South Korea’s media regulator, Uber Technologies – the well-known US company that offers ride-sharing services all around the world – has breached communications rules on using location data ...
US: Uber driver charged for raping passenger in Boston
An Uber Technologies Inc. driver from Boston has been charged because he took a woman that called for a ride to a secluded area and raped her, a hit for ...
Takata books another loss on airbag debacle
Takata Corp, the second largest auto safety parts supplier in the world, has announced it would incur a loss of around 45 billion yen ($440 million) in the April-June quarter ...
Report – US federal prosecutors seek criminal case on GM ignition switch scandal
General Motors, the largest US automaker, is facing increased scrutiny over the failure to address a defective part for more than a decade leading to a 2.6 million cars initial ...
GM’s forecast of profit changes positively
Amid all the news surrounding the findings of the internal review order on the conduct of the company’s 2.6 million cars recalled for a defective ignition switch, the No.1 automaker ...
GM’s latest recalls make the automaker double the charge for Q2
With four recalls over the space of a few days, and reaching so far a tally close to 15.4 million recalled cars, General Motors has also announced it’s forecasting the ...
GM’s recalls keep piling up
The NO.1 US automaker is facing a huge public relations scandal because of the late February recall of 2.6 million cars over issues with a defective ignition switch, with probes ...
GM’s first quarter profit goes down, but is higher than expected
Because of the cost of the recall of the 2.6 million cars equipped with the defective ignition switch, General Motors posted a profit decrease of 88% from the first quarter ...
Recall triggers big shares fall, big charge in Q1 for GM
Things are not looking well for General Motors, which has been widely panned for the recall over a defective ignition switch. With probes coming from NHTSA and the Congress and ...

latest automotive news
[VIDEO] BMW X5 xDrive40e gets extended video
An extended video with the recently unveiled BMW X5 xDrive40e has been released by the German based automaker. The BMW X5 ...
Exclusive – Audi not planning pickup truck
An Audi insider has recently confirmed with inautonews.com that the company has no plans of offering a pickup truck. Mercedes-Benz has ...
[VIDEO] Baby McLaren makes video debut
The first video with the recently unveiled McLaren 570S has been uploaded onto the web and it is showing the ...
[VIDEO] Lamborghini Huracan vs. Porsche 918 Spyder drag race
A Lamborghini Huracan has recently went up against a Porsche 918 Spyder in a drag race which is making us ...
Cadillac CT6 gets one last teaser
Cadillac has released a final teaser image for the flagship sedan which will be officially presented to the public tomorrow, ...
[VIDEO] Ferrari LaFerrari vs. Bugatti Veyron drag race
A drag race between a Ferrari LaFerrari and an iconic Bugatti Veyron has been recently caught on camera and it ...
Mercedes-Benz CLA Shooting Brake confirmed for Australia
The Mercedes-Benz CLA Shooting Brake will arrive in Australia this June and it will be 1,500 AUD more expensive than ...
Fiat 500 Vintage ’57 – fresh photos dropped
Fiat has dropped fresh images with the recently unveiled 500 Vintage ’57 which may end up as wallpapers on several ...
Ford system takes speeding prevention to new level
Just as people say you’re not a true college student if you didn’t flunk at least once, so drivers are ...
[VIDEO] Lamborghini Gallardo police car does donuts
A Lamborghini Gallardo police car has been recently spotted while doing donuts in an appealing video. We are not used to ...
Recall roundup: BMW motorcycles
BMW has issued a recall for certain model year motorcycles because of the mounting flange on the rear wheel. BMW is ...
Lincoln to also introduce hip-hop favorite Navigator SUV to China
Chinese customers, well known for hunting down pieces of celebrity glamour, will have the chance to buy a US vehicle ...
US: Toyota introducing affordable auto braking safety packs
Toyota Motor Sales USA Inc, the local division of Toyota Motor Corp, the largest automaker in the world, recently announced ...
2015 Ford C-MAX and S-MAX get priced in the UK
The facelifted C-MAX and Grand C-MAX and the new generation of the S-MAX are getting ready to be introduced in ...
Mid-engined Corvette gets rendered
Another rendering with the Chevrolet Corvette is showing us the high-performance American sports car in a mid-engine layout. The Chevrolet Corvette ...
Porsche officially puts a digital spin on vintage models
Having a vintage model, even a sports car, doesn’t necessarily mean you’re an “off the grid” customer and the wide ...
Honda S660 gets updated by Mugen
Mugen has officially introduced a series of styling accessories for the recently unveiled Honda S660. After being officially unveiled just a ...
2016 Mazda MX-5 gets priced over-seas
Mazda has officially announced the starting price of one of the best roadsters out there, the MX-5, in its new ...