Author: Automotive News n Feed
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Delphi Q4 net income rises 47% to $281 million
Delphi Automotive posted a 47 percent gain in fourth-quarter net income as the supplier continued to benefit from growth in its technologies that are aiding the evolution toward self-driving vehicles.
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German sales rise 11% with strong gains for Toyota, Skoda, Renault and Fiat
Registrations in Germany increased by 11 percent vehicles in January, with brands including Toyota, Skoda, Renault, and Fiat recording gains of over 20 percent.
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German automakers worry about Trump’s protectionist stance
Donald Trump has German automakers spooked after he threatened BMW with high tariffs if the company exports cars to the U.S. from Mexico.
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First Shift: January U.S. sales winners, losers
January U.S. sales winners, losers; Takata parts ways with North American executives; Daimler earnings rise, Mazda earnings fall; GM’s used-car sales push.
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Opel expects Crossland X to win more women buyers
Opel/Vauxhall’s decision to use a crossover design for its new Crossland X minivan will help the automaker to win more women buyers, executives said, citing the high seating position and the OnStar 24-hour concierge service as some of the features…
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Alfa’s relaunch costs will be recouped by platform-sharing, Marchionne says
Fiat Chrysler CEO Sergio Marchionne says the automaker will offset the high costs of relaunching Alfa Romeo by sharing the brand’s Giorgio platform with Maserati, Dodge and Jeep vehicles.
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Thyssenkrupp to produce springs, stabilizers at new plant in China
German supplier Thyssenkrupp will build a factory in the east China city of Pinghu to produce springs and stabilizers for a variety of automaking customers.
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Auto demand lifts chipmaker Infineon’s first-quarter profit by 12%
German chipmaker Infineon reported a 12 percent rise in first-quarter profit on strong demand for its chips from automakers and stuck to its full-year forecast for revenue growth and profit margin.
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Mazda profit falls 71% on foreign exchange losses
Mazda’s operating profit tumbled 71 percent in the latest quarter, as foreign exchange rate losses hit earnings and offset small sales gains.
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Daimler earnings rise 3% in Q4: cautious outlook for 2017
Daimler reported a third-quarter earnings increase of 3 percent year-on-year and gave a tepid earnings outlook for 2017 as aggressive spending to develop next-generation cars holds back gains at Mercedes and heavy truck demand slumps