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Mazda Motor's qtrly group operating profit likely dropped 6 pct to around 50 bln yen - Nikkei

Friday, 22 Jul 2016 01:40pm EDT

Nikkei: Mazda Motor's group operating profit likely dropped 6 pct to around 50 billion yen ($471 million) in the three months ended June - Nikkei .Mazda Motor Corp will probably also maintain its full-year projection of operating profit declining 25 pct to 170 billion yen - Nikkei.

KIA MOTORS says resumption of production

Friday, 22 Jul 2016 04:58am EDT

KIA MOTORS CORPORATION <000270.KS>:Says it has resumed the production on July 22, after a strike.

KIA MOTORS says suspension of production due to strike

Friday, 22 Jul 2016 01:30am EDT

KIA MOTORS CORPORATION <000270.KS>:Says its production at S. Korea has been suspended on July 22, for four hours, due to strike.

Anhui Ankai Automobile to set up unit in Shenzhen

Thursday, 21 Jul 2016 10:51pm EDT

Anhui Ankai Automobile <000868.SZ>: Says it will use 50 million yuan to set up a wholly owned subsidiary in Shezhen .Says the new subsidiary will be engaged in sale of automobile and automobile parts.

S&P Global cuts view on shares of Tesla to Sell from Hold

Thursday, 21 Jul 2016 02:19pm EDT

S&P Global : S&P Global cuts view on shares of Tesla to sell from hold Further company coverage: [TSLA.O] ((Bengaluru Newsroom; +1 646 223 8780;)).

GM updates on possible costs related to Takata issue

Thursday, 21 Jul 2016 11:46am EDT

General Motors Co : General Motors Co says related repair of inflators, co estimates reasonably possible cost of up to $320 million for 2.5 million vehicles subject to preliminary DIR . General Motors Co - No provision has been made for any repair associated with co's vehicles subject to preliminary DIR and amended consent order .General Motors Co - Also sees an additional $550 million for up to 4.3 million vehicles subject to future Takata DIRS under the amended consent order.

Kandi Technologies announces JV company's plan to sell 1,500 electric vehicles

Thursday, 21 Jul 2016 08:02am EDT

Kandi Technologies Group Inc : Kandi Technologies announces the JV Company's plan to sell 1,500 electric vehicles for launching micro public transportation program in the cities of Tianjin and Jiangyin .Program to be launched by ZZY-Tianjin and ZZY-Jiangyin with expectation for delivery of 1,000 EVS in Tianjin and 500 EVS by 2016.

GM Financial posts net income of $189 mln for the June quarter

Thursday, 21 Jul 2016 07:41am EDT

GM Financial: June quarter net income of $189 million . Available liquidity of $15.4 billion at quarter end . Annualized net charge-offs were 1.7% of average retail finance receivables for quarter ended June 30, 2016 . Retail loan originations were $4.2 billion for quarter ended June 30, 2016, compared to $4.1 billion for quarter ended march 31, 2016 . Consumer loan and lease originations of $10.7 billion for June quarter .Qtrly total revenue $2.29 billion versus $1.52 billion.

General Motors sees FY2016 adj diluted EPS to be $5.50-$6.00

Thursday, 21 Jul 2016 07:30am EDT

General Motors Co : GM Financial reported qtrly earnings before tax of $0.3 billion, compared with $0.2 billion . Now expects 2016 full year EPS diluted-adjusted to be $5.50 - $6.00, up from previously announced $5.25 - $5.75 range . GM sees higher proportion of volume from new vehicles each year through 2020 versus prior 5 yrs, increasing to 40 percent of total volume, up from 26 percent in 2015 . Qtrly return on invested capital 30.5 percent versus 23.4 percent .FY2016 earnings per share view $5.65 -- Thomson Reuters I/B/E/S.

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