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- Supplier Aisin's net quadruples in latest fiscal year
Aisin Seiki Co., the world's third-largest auto parts supplier, today said its net income more than quadrupled in the fiscal year that ended March 31 on a 10 percent sales rise.
Переслать - Mazda revamps North American operations to put more focus on U.S.
Mazda North America has chosen its top product-development executive to oversee U.S. operations as part of a reorganization of Mazda's corporate structure in the United States, Canada, and Mexico.Переслать - Penske stock hits 4-year high as Q1 profits surge
Shares in Penske Automotive Group surged to a new four-year high today after the nation's second-biggest dealer group reported a 67 percent jump in first-quarter profits, helped by higher new- and used-vehicle sales. Penske shares closed up 12.Переслать - Mazda sees 70-80% utilization of Japan plants in May-June
Mazda Motor Corp. booked a 5.2 billion yen ($62.8 million) charge in the latest quarter to cover earthquake damage and said it could take until the end of the year to reach prequake production levels.Переслать - Chrysler says it will repay U.S. rescue loans by midyear
Sergio Marchionne, CEO of Fiat and Chrysler, said today Chrysler Group could repay $7.53 billion in debts to the U.S. and Canadian governments before the end of June.Переслать - Renault reaches settlement with wrongfully fired managers
Renault has reached a compensation agreement with three executives it wrongfully accused of spying and dismissed. Matthieu Tenenbaum, formerly deputy head of the group's electric vehicle program, will be joining Renault's strategy and planning unit.Переслать - Engineers create laser beams that could replace spark plugs
A system that uses multibeam lasers has been developed by engineers in Japan and Romania and could replace spark plugs long used to ignite the fuel/air mixture in internal combustion engines.Переслать - Denso's annual profit nearly doubles; supplier postpones forecast
Denso Corp., bolstered by rebounding automaker production in Asia and North America, closed its fiscal year that ended March 31 with net income of 143 billion yen ($1.7 billion), up 95 percent from a year earlier.Переслать - BorgWarner posts 63% gain in Q1 profits
Supplier BorgWarner Inc. said today first quarter profits rose 63 percent to $124.5 million, aided by growing demand for its advanced powertrain technology. Sales for the quarter ending March 31 rose 34.5 percent from the same period last year to $1.Переслать - Tornadoes halt output at Mercedes, Toyota plants in South
Violent weather across Alabama, Georgia and Tennessee has halted production at Toyota and Mercedes-Benz plants in Alabama, as emergency workers try to assess two days of damage in the region.Переслать
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