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Daily automotive news and comment - from just-auto.com
- THE WEEK THAT WAS: Look ma, no petrol
Highlight of the week was finally getting a go in Nissan's all-electric Leaf. Unexpectedly, the UK sales unit was offered a left hand drive near-production prototype for a couple of weeks and has cheerfully spent the last couple of weeks offering drives to assorted hacks and potential fleet buyers.
- FIRST DRIVE: Nissan's voltswagen makes good impression
Nissan GB has so far registered over 11,000 'hand raisers' interested in the Leaf all-electric car.
- JAPAN: Honda Q1 operating profit soars
Honda Motor on Friday said operating income for its fiscal first quarter ended 30 June, 2010, had risen 831.7% to JPY234.4bn.
- just-auto's research round-up
Here's a brief run-down of reports that caught our eye over the past week or so...
- FEATURE: Mercosur poised for further auto investment
South America's main trading bloc Mercosur is set to attract significant new investments from global automotive manufacturers keen to benefit from the region's strong economic growth prospects and free trade tariffs, according to market participants.
- THAILAND: BMW considering EV production in Thailand
BMW is considering Thailand as a regional production base for electric vehicles, according to sources within the Thai government.
- FRANCE: Renault reports 23% rise in first half revenues
The Renault group said today (30 July) it had posted significant improvements in earnings and sales for the first half of the year: revenues totaled EUR19.668bn (US$25.6bn), up 23.1% on the first half of 2009, while worldwide sales grew 21.7% and the group's share of the global passenger car and LCV market reached 3.8%, an increase of 0.15% year on year.
- JAPAN: Denso reveals upbeat Q1 results
Denso has revealed consolidate net sales totalling Y802.8bn (US$9.1 billion), a 37.3% increase from the previous year.
- INDIA: Mahindra & Mahindra sees Q1 gross revenue rise
Mahindra & Mahindra has posted improved gross revenue and other income of IRS5,663 compared to IRS4711 for the first quarter, an improvement of 20.2%.
- GERMANY: Conti's powertrain unit 'heading for break-even' in 2010
Continental believes its troubled powertrain division could be profitable this year, one year earlier than originally forecast, finance chief Wolfgang Schaefer said.
- US: Dana reports strong Q2
Dana Holdings net income for the second quarter of 2010 was US$9m compared to break-even a year ago.
- UK: North East looks for suitable quick charging locations
Authorities in North East England are seeking suitable locations for 12 quick chargers as part of plans to install 1,300 charging points by 2013.
- US: Goodyear posts healthy Q2 improvement
Goodyear has reported increased second quarter sales up 15% compared to last year, with tyre performance improving across all four of the company's business segments.
- UK: Government releases more funding for green vehicle infrastructure
Six successful bidders will share GBP660,000 match funding from the UK's Department of Business for gas refuelling or electric vehicle charging infrastructure projects.
- FRANCE: GM obtains reluctant signature from union
General Motors' plan to acquire the automatic transmission plant in Strasbourg has taken a step closer to fruition.
- SOUTH KOREA: Hyundai doubles first half net profit
Hyundai Motor Company sold 1,764,254 units of which domestic & exports were 855,140 units and overseas plants, 909,114 units, worldwide in the first half of this year, a 27% increase from a year earlier.
- US: Federal-Mogul reports strong Q2 results
Federal-Mogul has reported strong second quarter financial results with net income up to USD49m from USD7m last year.
- GERMANY: Volkswagen first half ahead of expectations
Volkswagen Group's chairman Prof. Dr. Martin Winterkorn has said that the company's first half earnings are "clearly in excess of our expectations."
- JAPAN: Mitsubishi Motors reports leap in Q1 numbers
Mitsubishi Motors Corporation has reported a 56% leap in first quarter net sales, driven by higher volumes in China and other emerging markets, which helped it narrow its losses for the period.
- JAPAN: Honda sets production record for first half
Honda has set what it says is an all-time record for production in Asia and China for the first six months of this year.
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