New vehicle sales in the US in July are expected to increase 11.6% year on year to 1.46m units, resulting in an estimated 16.6m seasonally adjusted annual rate (SAAR), according to Kelley Blue Book (KBB).
Prior to moving to the UK, I had almost zero exposure to the Kia brand which, 20 years ago, was mostly recycled Mazdas.
South Africa’s Department of Labour says all parties in the country’s protracted metalworking strike have accepted wage proposals, but divisions still remain concerning future bargaining methods.
UK labour body, Unite, says it is asking for a rapid meeting with authorities handling Unipart Automotive, following the component supplier’s placing into administration today (24 July).
General Motors’ European operations are moving slowly in right direction towards a target of hitting profit by mid-decade reporting a second quarter EBIT-adjusted loss of US$300m, which included US$200m for restructuring costs.
BMW has launched its ActiveHybrid 7 sedan in India for INR13.5m (US$224,952), reported Press Trust of India.
Honda plans to make India its export hub for manual transmissions.
Brembo plans to construct a cast iron foundry near its Homer brake and caliper manufacturing plant in Michigan, reported Tire Business.com.
UK engine output slipped 0.9% to 1.3m units in the first half of 2014, the Society of Motor Manufacturers and Traders said.
ZF is considerably expanding its headquarters for China and Asia-Pacific in Shanghai: the space for offices, laboratories, and test benches will almost be quadrupled from 11,000 sq m to 54,000 sq m.
Ford has boosted second quarter pre-tax operating profit US$44m to $2.6bn and net income $78m to $1.3bn as wholesale volume and company revenue slipped 1%. And it’s finally back in pre-tax profit in Europe for the first quarter in three years.
Hyundai Motor has reported a 6.9% decline to net income in the second quarter, its bottom line dragged down by the stronger won.