Toyota supplier Denso cuts profit forecast on production risks
Automotive News
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31m ago
Denso said the new forecast took into account the pandemic's impact in China and the risk of vehicle production cuts due to the ongoing global semiconductor shortage, despite efforts being taken to reduce costs ..read more
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VinFast delays U.S. car deliveries to late February
Automotive News
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31m ago
The Vietnamese company started to ship its first 999 EVs in November, but has not delivered them to customers yet after the company initially targeted December deliveries ..read more
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Shift Technologies sheds East Coast stores
Automotive News
by C.J. Moore
31m ago
The retailer said its store leases, inventory and related assets in Richmond, Va., Charlottesville, Va., and Tampa, Fla., will "be assumed by a local dealership group." It did not disclose the name of the group ..read more
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Renault, Nissan set to announce alliance redesign on Monday
Automotive News
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31m ago
Renault and Nissan will present the agreements that will define the new bases for their partnership, the automakers said ..read more
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Farley 'frustrated' with poor execution as Ford loses $2B in 2022
Automotive News
by Michael Martinez
12h ago
Ford CEO Jim Farley says automaker left $2 billion in profits on the table in 2022 and stressed company has "deeply entrenched issues in our industrial system that have proven tough to root out ..read more
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Sony-Honda vehicles might end up with competing dealers
Automotive News
by Hans Greimel
15h ago
Sony Honda Mobility wants to challenge the status quo in automaking. That could mean its cars end up with Honda dealers' competitors ..read more
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Sony-Honda vehicles might end up with competing dealers
Automotive News
by Hans Greimel
16h ago
Sony Honda Mobility wants to challenge the status quo in automaking. That could mean its cars end up with Honda dealers' competitors ..read more
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Parks Automotive buys 2 Stellantis dealerships with Franchise Equity Partners
Automotive News
by Julie Walker
16h ago
Parks Automotive Group in January acquired two Stellantis dealerships in North Carolina, aided by a minority investment in the stores from Franchise Equity Partners ..read more
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Lear net income rallies to $118M in Q4 despite continued production issues
Automotive News
by Kurt Nagl
16h ago
Lear landed an unexpected conquest late last year to supply an undisclosed automaker's SUV platform in North America with just-in-time thermal comfort seating ..read more
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Aptiv posts double-digit revenue growth, profit boost in Q4
Automotive News
by Miranda Dunlap
18h ago
Fourth-quarter net income soared to $233 million from $15 million a year earlier, when one-time special costs and a decline in revenue hurt results ..read more
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