(Reuters) – British car dealership Lookers (LOOK.L) on Friday issued its second profit warning in less than four months and announced the departure of its two top executives. The company expects annual underlying profit to fall by more than two-thirds as the UK car market struggles with dwindling consumer confidence and margin pressures. Lookers said… Continue reading Auto dealer Lookers expects profit to slump; top executives leave
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UPDATE 2-Mazda sees 30% FY profit drop on strong yen, weak sales in U.S., China
TOKYO (Reuters) – Mazda Motor Corp (7261.T) cut its annual profit forecast by nearly half on Friday as the Japanese automaker expects a strong yen and falling cars sales in the United States and China, its biggest markets, to drive earnings to a seven-year low. FILE PHOTO: The logo of Mazda Motor Corp. is displayed… Continue reading UPDATE 2-Mazda sees 30% FY profit drop on strong yen, weak sales in U.S., China
MG Hector clocks 3,536 units in October
MG Motor India, one of the two latest automotive entrants in the Indian market to have been witnessing a contrasting trend in an otherwise de-growing business environment, has now announced its retail performance for the month of October. The company has revealed that sales of its sole product the MG Hector SUV stood at 3,536… Continue reading MG Hector clocks 3,536 units in October
GM recalls 638,000 SUVs, pickups over unintended braking issues
CLOSE 2018 Chevrolet Suburban (Photo: The Chevrolet Suburban is the vehicle likeliest to reach 200,000 in Metro Detroit, according to iseecars.com) General Motors is recalling about 638,000 SUVs and pickups for a defective sensor that could cause braking problems. The recall covers 2015-2020 Chevrolet Suburban, Tahoe and GMC Yukon SUVs. It also applies to 2014-2018 Chevrolet Silverado… Continue reading GM recalls 638,000 SUVs, pickups over unintended braking issues
UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
(Adds comments from French, Italian unions) PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and… Continue reading UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
Circontrol introduces new Raption 150 charger for e-buses
Spanish charging station maker Circontrol introduced a new 150 kW charger for e-buses, called the Raption 150, at the 2019 Busworld bus exhibition. The Raption 150 can charge at 600 volts, a voltage suitable for charging e-buses. Thanks to its modular system, Circontrol says the charger enjoys a high uptime and is scalable from 100… Continue reading Circontrol introduces new Raption 150 charger for e-buses
Fisker Ocean Will Be An Electric SUV For Enjoying, Not Buying
This is what the company promises with an app that will be released on November 27. Oceans are not for sale. People can only use them – most of the time, in unwise ways. Fisker’s idea for its electric SUV is more or less the same. Perhaps by coincidence, it will also be called Ocean.… Continue reading Fisker Ocean Will Be An Electric SUV For Enjoying, Not Buying
Ford plans to close engine plant in Michigan as part of UAW deal
FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Bernardo do Campo, Brazil September 3, 2019. REUTERS/Rahel Patrasso WASHINGTON (Reuters) – Ford Motor Co (F.N) plans to close an engine plant in Romeo, Michigan as part of a tentative agreement with the United Auto Workers union for a new… Continue reading Ford plans to close engine plant in Michigan as part of UAW deal
Fisker Ocean affordable electric SUV detailed
American start-up company Fisker has revealed that its upcoming electric SUV will be called the Ocean and unveiled in production-ready guise on January 4, 2020. The company is claiming to have designed “the world’s most sustainable vehicle”, with recycled, vegan and other natural products used throughout. Its American-Danish founder, Henrik Fisker, recently confirmed that the production model… Continue reading Fisker Ocean affordable electric SUV detailed
Vauxhall fears after car giants Fiat and PSA announce merger
Fiat Chrysler is to merge with Vauxhall’s owner PSA to create the world’s fourth largest car company. The two sides say they have yet to finalise all the details, but the 50-50 merger is expected to provide significant cost savings. That has raised concerns at Vauxhall, which employs 3,000 people in the UK, as it… Continue reading Vauxhall fears after car giants Fiat and PSA announce merger