NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Automotive Industry.

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Sales for German automaker BMW's China venture are expected to rise at least 20 percent year-on-year in 2017, the premium automaker's local joint venture partner said on Friday. The full-year estimate is based on a 44 percent year-on-year rise in the first two months of 2017, Chairman Wu Xiaoan of…

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Turkey's automotive association said on Thursday it expected production to rise to 1.65 million vehicles in 2017 from 1.49 million in 2016, and forecast a rise in exports to $27 billion from $24.2 billion last year. Speaking at a conference in Istanbul, the head of the association, Kudret Onen, said…

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Ford Motor Co (F.N) said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales. Ford shares were down nearly 1 percent at $11.66…

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Volkswagen's Spanish division Seat reported on Thursday its first annual operating profit since 2007 and announced plans to launch a third sport-utility vehicle (SUV) in as many years in 2018 to try to build on its recovery. Seat said it made an operating profit of 143 million euros ($154 million)…

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Tyre manufacturer Bridgestone India is going to supply its ECOPIA EP150 OE for newly launched all new Honda WR-V, said the company in a media release. Katsuyuki Yamamura, Director of Consumer Products, Bridgestone India said, “We are proud to be associated with Honda’s newly launched premium Sports Lifestyle Vehicle, the…

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Czech based car maker SKODA in a press release confirmed that its vehicles deliveries rose by 6.7% to 1,126,500 vehicles (2015: 1,055,500). In the same period, sales revenue also increased by 9.8% to 13.7 billion euros (2015: 12.5 billion euros), thereby also reaching a new record high. The company recorded…

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Finland's Valmet Automotive said on Wednesday it had signed a new contract to build future Mercedes-Benz compact cars for Daimler. The company said it would hire about 1,000 staff to help with its existing contract under which it manufactures Mercedes-Benz passenger cars and SUVs. The plant currently has 2,300 employees.…

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AUDI AG in a press release said that the company has delivered around 125,100 automobiles in February 2017. Globally the company sold a total of 125,100 units in February 2017 as compared to 126,467 units February 2016 reporting a decline of 1.1%. Sales in USA and Europe reported growth, However…

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British car production hit a 17-year high in February, extending a recent trend of surging output as a strong rise in exports once again compensated for a slump in demand at home, an industry body said on Thursday. Overall production rose 8 percent to 153,041 cars last month, according to…

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Indian arm of Japanese car maker, Honda Cars India (HCIL) today in a press release announced a price hike on its models by upto Rs 10,000. The revised prices will be effective from April 2017. The prices of the newly launched Honda WR-V will remain unchanged. Jnaneswar Sen, Sr Vice…