Industry

It sets a new record for sales outside of Japan

Honda has finally released its June sales information just as August is about to begin, and the company is not doing very well outside of one area. Sales in Japan are also doing poorly. For June, sales are down 20% to 59,996 cars. For the firs...

Operating income Was a loss of €832 million due to leaving Iran

Renault has announced major losses for the first half of 2013. Revenue and income are both down, but the company still managed to post a slight profit overall. Total cars sold were also down. “In a difficult environment, the success of n...

Net income falls $70 million

For the financial period from April to June 2013, Nissan posted lower revenue, profit, income and unit sales than the same period in the previous year. However, market share improved in both Japan and North America, but sales in China are still fa...

Earnings up by $200 million

General Motors' worldwide financial results for the second quarter of 2013 contains a mix good news and bad news. The good news is that revenue and earnings before interest and taxes were both up over the second quarter of 2012. The bad news i...

Electrical parts may also be shared

Aston Martin and AMG have announced that they have signed a letter of intent with each other to share components, including V8s and electrical parts. They expect to have a final deal by the end of the year.  The deal is great news for Ast...

Mercedes sold 404,700 cars in the quarter.

Daimler AG has posted earnings before interest and taxes of €5.242 billion for the second quarter, compared to €2.268 billion in the second quarter of 2012. The massive result is due to the company selling €3.2 billion in shares fro...

Unit Sales, Revenue and Profit are all up

Ford has announced second quarter after-tax profits of $1.833 billion, up $630 million from the same period in 2012, and after-tax profit in the first half of the year of $3.475 billion, up $694 million from the first half of 2012. It is the compa...

It is down 1.9% worldwide

Renault Group fell 1.9% worldwide in the first six months of the year, but the company is doing well in Asia. Total Renault sales outside of Europe grew 4.3% to 646,274 cars, but sales in Europe fell 7.3% to 656,580 cars. At this rate, Renault sal...

The UK was the brand's lone bright spot

Despite a European auto industry that was down 5.6% for June and 6.6% for the first six months, Nissan sales in Europe were down 21.3% to 54,115 cars. Its market share has fallen .5% in June to 3.4%. Sales from January to June were down 31.4% from...

The government is investing half and 27 companies are investing the other half

The British government and 27 companies including BMW, Ford, Nissan and Tata will invest a cumulative 1 billion pounds ($1.5 billion) over the next 10 years into researching cleaner engines. The government will provide half of the money, and ...