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  • Mitsubishi reported a 36 percent jump in operating profit
    25 Jul 2018

    Mitsubishi’s operating profit reached $253.9 million in the fiscal first quarter. It means the company’s profits jumped 36% in the latest quarter as the automaker's rebound gathered speed on rising sales in every key market.The robust results were buoyed by new vehicles such as the Eclipse Cross and Outlander PHEV crossovers in the United States and the Xpander MPV in Southeast Asia. Looking ahead, Mitsubishi kept its earnings outlook unchanged. It expects worldwide operating profit to increase 12 percent in the current fiscal year ending March 31, 2019, while net income inches...

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  • Audi Teams Up With Hyundai To Develop Hydrogen Fuel Cell Tech
    25 Jun 2018

    Hydrogen fuel-cell technology is promising but also requires a lot of investment. And while some automakers are going at it alone, others are collaborating on fuel-cell development. Audi and Hyundai announced a joint initiative that will see the two sharing technologies, cross-licensing patents and giving each other access to non-competitive components.  The idea is to put fuel cells into volume production faster and more efficiently. Both carmakers have been investing heavily in fuel-cell development for years. Audi rolled out its first A2H2 prototype in 2004, the Q5 HFC in 2008, an...

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  • The new compact SUV launched by VW won't be sold in Europe
    19 Mar 2018

    Volkswagen will launch a new compact SUV internally called the "Volks-SUV" or People's SUV. It will be produced for the US, China and other markets outside of Europe. VW plans to sell 400,000 of these small utility vehicles every year. The new compact crossover will start in China. It will be built in a joint-venture factory.   The new model is slightly more compact than the Volkswagen Tiguan. It will sit on the MQB architecture for cars with front transverse engines. VW approved the design last week. Europe won't be receiving the "Volks-SUV" because it al...

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  • Ford Focus RS finally gets a recall
    24 Jan 2018

    Ford is recalling 2016-2017 Focus RS hatchbacks with potentially faulty head gaskets. The automaker claims they will be replaced free of charge. While the fix is estimated to take less than two days for each vehicle, Ford is offering to pay the cost of a rental vehicle for up to four days if needed.   The affected vehicles may emit noticeable white smoke from the exhaust or show low coolant levels with no sign of external leaks due to the failing head gaskets. Model years 2016 and 2017 Focus RS models built from Aug. 3, 2015 to July 6, 2017 are involved in this recall. Ford plans on ...

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  • Here's how Japanese automakers stay dominant in the Japanese market
    07 Nov 2017

    You might not know that, but in Japan the relationship between the car dealer and the buyer is a much better one than here, in the U.S.. The last time Shujiro Urata wanted to buy a new car in Japan, his phone happened to ring. It was the local Toyota dealer on the phone, asking him if he was thinking about buying a new car. When he replied in the affirmative, the dealer and a coworker showed up at Urata’s doorstep an hour later with two demo cars, which Urata and his wife test-drove around the neighborhood. The Uratas decided to buy a car from the dealer. The dealer also handles their ca...

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