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VW Puts Advanced HUD Unit on Display
7/24/2015Volkswagen AG says its new head-up display system offers improved visibility and functionality, can be customized by drivers and disappears when not in use.
FCA Recalls 1.4 Million Vehicles to Install Anti-Hack Software
7/24/2015Fiat Chrysler Automobiles NV is recalling 1.4 million vehicles in the U.S. to bolster their resistance to wireless cyber attacks.
Faurecia’s First-Half Earnings Climb
7/24/2015Faurecia SA's operating income in the first half of 2015 surged 40% to €424 million, and revenue grew 13% to €10.5 billion.
PSA Aims to Export Iranian-Made Cars
7/24/2015PSA Peugeot Citroen tells Automotive News Europe it plans to set up vehicle assembly in Iran and export some of its output there.
JCI Posts Record Earnings, Plans to Shed Seating Unit
7/24/2015Johnson Controls Inc. says it will spin off its Automotive Experience seating and interiors unit as an independent, publicly traded company within about one year.
Manufacturing Slumps to 15-Month Low in China
7/24/2015Manufacturing activity in China slowed in July to its lowest pace in 15 months, according to the Caixin Flash China General Manufacturing PMI compiled by London-based Markit Economics Ltd.
Hyundai’s Profits, Sales Decline Again
7/24/2015Hyundai Motor Co. says sales declines of 14% in China and 3% in the U.S. its two largest markets cut net income in April-June 24% to 1.8 trillion won ($1.6 billion). It was the sixth consecutive quarter of year-on-year shrinkage.
Hyundai to Hike Incentives in China
7/24/2015Hyundai Motor Co. says it will increase sales incentives in China, speed up introduction of its new Tucson SUV there and consider adjustments to its model mix in a bid to maintain sales momentum.
VW, Metzler Sell LeasePlan for €3.7 Billion
7/24/2015Volkswagen and Germany's Metzler bank have agreed to sell LeasePlan Corp. to an international consortium for €3.7 billion.
Net Profit Slips at Gentex
7/24/2015Gentex Corp., the global supplier of self-dimming rearview mirrors, hiked second-quarter revenue 12% to $379 million even though global production of the light vehicles that use them declined 1%.