The maker of Subaru cars has lifted its already rosy full-year profit and sales forecasts on the back of a weaker yen and plans for a fifth-straight year of record sales in the United States.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131031/OEM/131039971/subaru-raises-annual-profit-forecast-on-record-u-s-sales
BorgWarner, the maker of automotive turbochargers and emission systems, reported a 65 percent rise in quarterly profit, partly due to higher demand for fuel-efficient vehicles.
from Automotive News Breaking News Feed http://europe.autonews.com/article/20131031/ANE/310319983/borgwarner-profits-skyrocket-65-in-q3
BMW is recalling about 176,000 of its four-cylinder, gasoline-powered vehicles from the 2012-14 model years because of potential problems with the power brakes, the company said.
from Automotive News Breaking News Feed http://europe.autonews.com/article/20131031/ANE/310319982/bmw-recalls-176000-4-cylinder-vehicles-to-fix-power-brakes
Tower International, which supplies structural metal components and assemblies to automakers, said today it posted third-quarter net income of $3.3 million.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM10/131039975/tower-swings-to-3-3-million-q3-profit-raises-forecast
BorgWarner, the maker of automotive turbochargers and emission systems, reported a 65 percent rise in quarterly profit, partly due to higher demand for fuel-efficient vehicles.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM10/131039976/borgwarner-profits-skyrocket-65-in-q3
BMW is recalling about 176,000 of its four-cylinder, gasoline-powered vehicles from the 2012-14 model years because of potential problems with the power brakes, the company said.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM11/131039977/bmw-recalls-176000-4-cylinder-vehicles-to-fix-power-brakes
Honda has agreed to sell its electronic parts subsidiary to Japan's Nidec Corp, a maker of precision motors, for about 50 billion yen ($509 million), the Nikkei business daily reported today.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM10/131039988/honda-to-sell-electronic-parts-unit-for-about-500-million-report
Chrysler Group CEO Sergio Marchionne today acknowledged mistakes in the way the company developed and launched the 2014 Jeep Cherokee, and vowed to never repeat them. "What we've learned is that we'll never repeat it," he said.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM/131039980/marchionne-vows-never-to-repeat-mistakes-from-cherokee-launch
Subaru today said it plans to unveil at November's Tokyo Motor Show a new sports tourer concept, a wagon-shaped preview of a production model coming to market next year.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM04/131039985/subaru-to-debut-sports-tourer-concept-in-tokyo
Honda has agreed to sell its electronic parts subsidiary to Japan's Nidec Corp, a maker of precision motors, for about 50 billion yen ($509 million), the Nikkei business daily reported today.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM10/131039988/honda-to-sell-electronic-parts-unit-to-nidec-for-about-500-million
Chrysler said net income rose to $464 million in the third quarter as strong sales of pickups and SUVs offset delays in launching the 2014 Jeep Cherokee.
from Automotive News Breaking News Feed http://europe.autonews.com/article/20131030/ANE/310309930/chrysler-q3-net-income-climbs-22-to-464-million
General Motors continued to trim its losses in Europe in the third quarter and posted a stout bottom line in North America on strong production of trucks and SUVs.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM/131039997/gm-bolsters-n-a-earnings-cuts-european-losses
Chrysler said net income rose to $464 million in the third quarter as strong sales of pickups and SUVs offset delays in launching the 2014 Jeep Cherokee.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM/131039992/chrysler-q3-net-income-climbs-22-to-464-million
Volkswagen posted a 20 percent increase in third-quarter operating profit as Europe's largest automaker cut costs to compensate for a slumping market in its home region that's pressuring manufacturers to lower car prices.
from Automotive News Breaking News Feed http://www.autonews.com/article/20131030/OEM/131039991/vw-operating-profit-up-20-amid-cost-cuts