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Earnings Soar for Johnson Controls
10/31/2014Johnson Controls Inc.'s net income in the fiscal fourth quarter ended Sept. 30 surged to $346 million from $139 million a year earlier.
BorgWarner Sales Climb 13%
10/31/2014EFR high performance turbocharger BorgWarner Inc. hiked third-quarter revenue to $2 billion from $1.8 billion in the same period last year on strong demand for its turbochargers and other technologies.
Carmakers Told to Prepare to Expand Takata Airbag Recalls
10/31/2014Ten carmakers who are recalling 7.8 million cars in humid regions to replace airbag inflators that could explode have been alerted they may need to expand their campaigns, Reuters reports.
JLR to Make Discovery Sport in Brazil
10/31/2014Jaguar Land Rover says its Land Rover Discovery Sport SUV will be one of the models it makes at the assembly plant it plans to open in Itatiaia, Brazil, in 2016.
VW Profit Rises 16%
10/31/2014Volkswagen AG's revenue in July-September 2014 grew 4% to €48.9 billion.
Germany Proposes Autobahn Fee for Foreign Users
10/31/2014The German government wants to charge foreigners who use its high-speed autobahn highways as much as €130 per year, Bloomberg News reports.
Kia Plans Hybrid Rival to Prius
10/31/2014Kia Motors Corp. says within two years it will introduce a small hybrid five-door hatchback car to compete directly with Toyota Motor Corp.'s hugely successful Prius hybrid hatch, Autocar reports.
SUVs to Deliver 29% of Ford Sales by 2020
10/31/2014Ford Motor Co. says SUVs and crossover vehicles will account for 29% of its worldwide sales volume by 2020, up from 17% in 2012 and 23% last year.
BorgWarner Sales Climb 13%
10/31/2014BorgWarner Inc. hiked third-quarter revenue to $2 billion from $1.8 billion in the same period last year on strong demand for its turbochargers and other technologies.
Chinese Carmakers Prepare Low-Cost Electrics
10/31/2014Several domestic carmakers in China are poised to roll out low-priced electric and plug-in models, The Nikkei reports.