NEWS

Mercedes-Benz Sales Surge 17%

8/6/2015

Sales of passenger vehicles by Daimler AG's Mercedes-Benz unit climbed to a record 159,000 vehicles in July from 137,500 a year earlier.

UPDATE: Net Profit Slips 3% for FCA US

8/6/2015

Net earnings from Fiat Chrysler Automobile NV's U.S. operations dropped to $598 million in the second quarter from $619 million in April-June 2014.

Lear Looks for Software Acquisitions

8/6/2015

Lear Corp. CEO Matt Simoncini tells Bloomberg News the company is on the hunt for acquisitions of as much as $1 billion to bolster its electrical products unit.

Hackers Gain Control of Tesla EVs

8/6/2015

Two cybersecurity experts say they discovered six "significant" flaws that could allow a hacker to take control of a Tesla Model S electric sedan, the Financial Times reports.

Takata Posts Quarterly Profit

8/6/2015

Beleaguered airbag supplier Takata Corp. says strong sales in the U.S., India and southeast Asia helped deliver a net profit of 3.1 billion yen ($25 million) in its fiscal first quarter ended June 30.

GM Sales in China Fall 4% in July

8/6/2015

General Motors Co. and its joint venture partners retailed 229,200 vehicles in China last month, down from 238,700 units in July 2014.

No Hike in U.K. Interest Rates Likely for Many Months

8/6/2015

The Bank of England now expects the British economy to grow 2.8% in 2015, up from its previous 2.5% forecast.

JCI Accelerates Production of Stop-Start Batteries

8/6/2015

Johnson Controls Inc. is expanding capacity at its Toledo, Ohio, facility to keep pace with growing demand for batteries with stop-start functionality.

Lexus Mulls Second Flagship Model

8/6/2015

Toyota Motor Corp.'s Lexus unit plans to launch a second flagship model, Reuters reports.

BMW Shareholder Quandt Dies

8/6/2015

Johanna Quandt, who along with her two children controlled nearly 47% of BMW AG shares, died Monday at age 89.