(Reuters) – Honda Motor Co (7267.T) cut its full-year net profit forecast by a fifth after sales in China were hit by a popular backlash against Japanese goods, and warned it could be February before business in the world’s biggest autos market returns to normal.
Right now, all plug-in electric cars are recharged using a cable that connects the car through a charging device to electric current of various types. But if Nissan has its way, that will change in a couple of years.
By Automotive News Ford Motor Co. posted a $1.63 billion third-quarter net profit, nearly matching its year-earlier total, as record high earnings in North America more than offset mounting losses in Europe.
Ford Motor Co. plunged for the second straight year in Consumer Reports‘ survey of auto reliability and now ranks near the bottom of the annual scorecard.
The Hertz Corporation, parent company of fleet leasing and management company Donlen, has announced that Gary Rappeport, Donlen’s CEO, will be retiring at the end of 2012.
Chrysler Group plans to bring key suppliers in early on product-development projects and de-emphasize competitive bidding, said Scott Kunselman, the automaker’s new purchasing chief.
SEOUL (Bloomberg) — Kia Motors Corp., South Korea’s second largest carmaker, reported profit a lower-than-expected profit after labor protests led to the company’s second-worst strike in the past decade.
The BMW Group posted its highest-ever global sales in 2011 with all three brands achieving record volumes. Sam Ogle spoke to Mathias Wellbrock, General Manager Plant Dispatch and Vehicle Distribution, BMW Group.
The real story in this year’s rankings of automakers by their suppliers in the 12th annual study of OEM working relations is not their overall rankings, but rather the dramatic and continuing slide of Toyota and Honda, and the continuing improvement of Chrysler Group, General Motors and Ford since 2005.
