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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
UBS reducing F1 sponsorship
Sep.1 (GMM/Inautonews.com) Major F1 sponsor UBS is scaling down its investment in the sport. The Swiss based global financial services ...
Corvette Museum to fill car-nabbing sinkhole
The National Corvette Museum’s board of directors in Kentucky voted to fill an entire hole that opened up in February ...
California lawmakers adjourn without helping Tesla
Californian lawmakers are set to postpone the idea of coming up with incentives to tempt Tesla Motors Inc. to build ...
Tesla vs. dealerships dispute heightens in Georgia
Tesla Motors Inc., which has previously fought U.S. dealers over direct sales of its electric cars, has to face a ...
Japan car sales hit lowest point since 2011
The auto sales in Japan have reached a three-year low last month, showing a decline in what the consumers are ...
Fiat-Chrysler to see New York stock market listing in October
CEO Sergio Marchionne said on Saturday that Fiat-Chrysler plans to list shares of the soon to be merged carmaker in ...
[Video] Land Rover learns survival skills from Bear Grylls
The well-known television star, British survivalist and Mount Everest conqueror Bear Grylls has became Land Rover’s new global brand ambassador. The ...
[Video] Jaguar prepares XE S reveal on September 8 with hot teaser
The British brand has prepared a teaser video that spearheads the online unveiling of the 2015 XE S. The full ...
Saab carmaker NEVS wins creditor protection
China’s National Electric Vehicle Sweden (NEVS), the owner of the Saab automaker since 2012, has won protection from creditors thanks ...
[Video] Mopar offers preview of 2015 Dodge Challenger Drag Pak Test Vehicle
During the NHRA US Nationals in Indianapolis, Chrysler’s performance division Mopar showed off with its Challenger Drag Pak Test car ...
US auto sales remain balanced as the summer ends
Compared to last year, the U.S. auto sales in August will be about the same, continuing the recovery from the ...
New Opel Corsa configurator launched
The subcompact model is utterly important to Opel’s revival strategy, being the brand’s bestseller. So, no detail has been left ...
Great Wall is building a Russian Plant
China’s largest SUV maker, Great Wall Motor Co. has announced it has started construction of a $520.7 (3.2 billion yuan) ...
Chrysler merger with Fiat is on track
Fiat said that its merger with Chrysler is on track after a tally of shareholders votes showed there are no ...
Another exec at FAW investigated by China’s watchdog
China’s anti corruption enforcers are probing another former senior executive of the FAW Group, the latest target in the series ...
[Videos] BMW releases huge gallery for the M4 Cabrio
The long-awaited M4 Cabrio is arriving quite late in the year, with the summer all but ready to make way ...
US: California ranger found asleep with beer between legs
If the California State Parks ranger escapes without losing his job and DUI charges, he’s not going to be the ...
Nissan reveals pricing details for the 2015 Rogue
The Japanese automaker has officially released pricing info for the US market of the 2015 model year Rogue, with the ...