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Russia: AvtoVAZ mulls return to profit amid slumping market


Russia’s largest automaker, now under the control of the Renault-Nissan alliance, has vowed to return to profit through cost cutting measures and the introduction of new models to regain critical market share. The producer of Lada brand vehicles has been continually loosing market share since the Iron Curtain fell and the Soviet Union’s days came to an end. But Bo Andersson, ...
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China: Geely’s first half profit dips 20%
Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands ...
Volvo six months profits up on China demand
The Swedish automaker, now a subsidiary of China’s Zhejiang Geely Holding Group, reported first half profit was positive thanks to sales jumps in China and a stronger performance in the ...
UK: healthy auto industry gives boost to car dealership profits
Great Britain, buoyed by the rising economy, consumer confidence and advantageous financing schemes, has seen the return of car sales to the levels reported before the 2008-2009 economic crisis. The incredibly ...
Buoyed by Jaguar Land Rover, Tata Motors sees rising profits
India’s largest carmaker, Tata Motors, saw its quarterly profit increase threefold because of high demand for cars produced by the British luxury division. Even if the automaker struggles at home, where ...
Porsche SE reports higher profit, ready for new acquisitions
The German holding company Porsche SE, which has a majority stake in Volkswagen, has announced its second-quarter after-tax profit climbed 17%. The company also stood by its full-year predictions and ...
Mazda and Subaru profit from strong U.S. sales
Mazda Motor Corp and Subaru parent company Fuji Heavy Industries Ltd. said they are on the way to making full-year profits after strong sales in the United States, despite the ...
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 ...
US: Nissan looking to pass Honda
After announcing the results for the April-June quarter, the Japanese automaker also discussed in detail the situation in its No.1 market in the world, the US, where it aims to ...
Nissan’s profit rises on China demand
The Japanese automaker’s profit for the April-June quarter rose 13.4% while net income jumped 37%. The expanses were backed by rising sales in the first and second world markets for ...

latest automotive news
GM and Toyota recalls could be surpassed by Takata’s airbag issues
At least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended acceleration” issue and ...
EXCLUSIVE: Chevrolet Niva production version to hit the roads in 2016
The North American based automaker Chevrolet will be putting the new generation of the Niva into production in 2016, as ...
GM’s victims fund death claims tally at 131
The General Motors victims compensation fund overseen by outside attorney Ken Feinberg has seen this week a rather sharp increase ...
EXCLUSIVE: BMW not planning i8 Spyder and 7-Series derivatives, confirms X7
The Bavarian carmaker has made some announcements regarding some of its future models which give us a glimpse on how ...
Recall roundup:  Toyota FJ Cruiser and Tacoma
A new recall has been issued by Toyota covering the FJ Cruiser and the Tacoma because of incorrect tire placard ...
America’s road rage hot spots
According to a new survey, the usual suspects when it comes to rude driving in the US are not the ...
California introduces the autonomous car permit, Audi snatches the first one
The US state of California, America’s most populous and environmental conscious, has market another milestone this week, as it passed ...
2015 Honda Civic Coupe and Sedan get priced over-seas
Honda has recently announced the official price list for the 2015 Civic in Coupe and Sedan body styles, across the ...
Recall roundup: Chrysler 200 for electrical short issue
The North American based automaker Chrysler has recently announced a recall for several Chrysler 200 vehicles because of a possible ...
US: Mercedes-Benz to increase supply of entry-level CLA
The German premium automaker, ranked third in the world, enjoys a great ride in the US, rising month after month ...
Lamborghini Huracan – first crash recorded
The first recorded crash of a Lamborghini Huracan is coming all the way from Hungary and the supercar has been ...
Mercedes-Benz AMG GT Roadster gets rendered once more
New renderings with the Mercedes-Benz AMG GT Roadster have been released, placing the model into the spotlights once again. One of ...
GM increases mid-size truck production on high demand
The No. 1 US automaker has announced that it would move to introduce a third production shift at its Wentzville, ...
2015 Hyundai Santa Fe arrives in Australia
Hyundai has announced the launch of the 2015 Santa Fe in Australia, where the cheapest version of the model is ...
Dacia Sandero RS rendered
The first rendering with the upcoming Dacia Sandero RS has recently hit the web and it is providing us with ...
Tesla safe from CO2 costs hitting automakers
Tesla Motors, the California based startup that has already come to disrupt the natural order among automakers could have another ...
Citroen DS3 and DS3 Cabrio Ines de la Fressange Paris Concepts unveiled
Citroen has officially unveiled the new DS3 and DS3 Cabrio Ines de la Fressange Paris Concepts, which will be introduced ...
Report – Hyundai plans two new China factories instead of one
According to sources that have knowledge of the plans, South Korea’s Hyundai Motor is mulling the expansion of its manufacturing ...