Mitsubishi Motors Corp says cost cuts and robust sales helped its profits more than double last year. For the year to Match 31, Mitsubishi posted a preliminary group operating profit of 83 billion yen (£433.7m) up from 40.23 billion yen last year.
Volkswagen sold more cars in China than in Germany during the first quarter – the first time Europe's biggest automaker found more buyers abroad than in its home market.
Mazda Motor Corp) plans next month to merge two of its three dealership networks in Japan to enhance its cost efficiency in the face of slumping sales.
Mazda says it is set to enjoy its highest income in a decade this year - and this follows posting a 77 per cent surge in operating profit last year.
Honda Motor Company today reported a 7.8 percent rise in operating earnings last year. But the carmaker has predicted a fall in profits this year amid renewed concerns about U.S. car demand.
Up to 116 jobs are to go at Goodyear Dunlop's UK sales centre at TyreFort, Erdington, Birmingham. Another 100 jobs are also risk at other sites in a major restructuring.
Christian Géraud has taken over from Tod Evans as managing director of Peugeot Motor Company plc. He joins the UK company from Peugeot Automobiles Italia SpA, where he was also managing director.
Collision repair specialist CAR-O-LINER UK is to supply Churchill with a number of new bench racks and speed benches for its Accident Repair Centres during 2003 in a deal worth £350,000.
Toyota plans to evacuate virtually all its Japanese employees and their dependents from Beijing due to fear of a spread of severe acute respiratory syndrome, or SARS.
Ford Motor Co. has named Jim Vella – currently its vice president of public relations – as its new chief of staff.
Kia Motor's Rio is being investigated by the U.S. federal safety authority after complaints about engine failures, according to a report in the <I>Korea Times.</I>
GM in the US has introduced a novel programme of giving evening shoppers test drives to boost car sales.
Honda's new president and chief executive is to be Takeo Fukui, the carmaker's managing and representative director. He will take over in June.
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Ford Motor Company has reported net income of $896 million for the first quarter of 2003.
Delphi Corp., the world's biggest automotive components manufacturer has reported Q1 2003 revenues of $7.2 billion, up 7.4% from $6.7 billion for the same period in 2002.
Ford has become the first vehicle manufacturer to have its technical training and assessment process formally aligned to a new national qualification awarded by the Institute of the Motor Industry (IMI).
The iconic Soviet carmaker Moskvich could soon be heading for the bankruptcy court.
Nissan has posted a 51 per cent rise in operating profit today and has forecast further growth powered by product launches in the key U.S. market for minivans and hot-selling sport utility vehicles (SUVs).
New md of Delco Remy UK is Tim Rahill – previously its country manager for UK and Eire. Mr Rahill assumes this newly-created position with immediate effect and reports to managing director of Delco Remy Europe, Patrick Mobouck.
Power-Tec has appointed Steve Bradbury to its board of directors and he takes up the position of operations director.
Brackley (Northants)-based sports car company FBS Cars – manufacturer of the recently-launched Census V6 sports car – has become a full member of the SMMT.
The March 2003 new car market was up 3.4 per cent year on year to 438,075 units, according to the latest figures released by the SMMT.
Goodyear has announced a £705m loss in the fourth quarter of last year, its largest quarterly loss in more than ten years.
Honda's 900 workers at its Swindon factory will lose around £63 as a result of the carmaker's decision to lay off an entire shift, according to the Amicus union.
The motor trade is one of the few business sectors which have increased average profitability in Q3 2002, according to the latest Experian Corporate Health Check.
Toyota has now signed a deal to expand its alliance with China's First Automotive Works (FAW) – including the construction of a new vehicle plant in China.
Volkswagen's sales and marketing director Robert Buechelhofer, 60, has resigned with immediate effect – with a company spokesman citing disagreements over "different opinions about distribution policy".
Faulds Advertising, one of Scotland's biggest advertising agencies, has lost its £5m account with Kwik-Fit.
DaimlerChrysler says it is still on track to raise its profits from last year's £4.2bn result – but admits the going is tough.
