Production output decline slowing

By Alex Michaelides Motor Industry 24 July 2009 12:09 It appears there may be some light at the end of the tunnel for ailing car manufacturers as the most recent vehicle production figures are released. The data, presented by the Society of Motor Manufacturers and Traders (SMMT), show that, while production levels are still on the decline, the pace at which they are declining is slowing. Car production figures for June 2009 are still down by 30.2% compared with this time last year, however this is an improvement on the 50.2% by which production is down so far this year.

Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.

Mercedes GLK unveiled in Beijing

By Guy Bird Motor Shows 21 April 2008 17:34 Feedback on the forthcoming Mercedes GLK has been mixed to say the least. The final production version at the Beijing motor show is – as predicted – little changed and still ugly, especially in the side profile. However, in ‘on-road’ guise it does have some saving graces… It seems so.