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Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.
Honda shift cut threat to 340 jobs
Tue, 25 Mar 2014JAPANESE car giant Honda is to cut production at its UK factory from three shifts to two, threatening 340 jobs. Most cars built at the plant in Swindon, Wiltshire, are exported and sales in other countries have not been as strong as in the UK. "Over the last 12 months, we haven't seen the growth we'd anticipated.
Lexus HS250h unveiled at Detroit auto show 2009
Mon, 12 Jan 2009By Tim Pollard Motor Shows 12 January 2009 13:47 Lexus showed off its latest hybrid car at this week’s Detroit auto show 2009: the new HS250h. The new combination of letters and numbers confirm this is a new additional petrol-electric hybrid to sit alongside the existing models such as the GS450h, RX450h and LS600h. It’s shorter than, but as wide as, the Lexus IS and is in the compact executive mould.