automotive news

Takata sees profit despite global recalls

Japanese car parts manufacturer Takata saw a 3 billion yen (£15.4m) net profit in the three months to June, compared with a 38.65bn yen loss a year earlier. The company […]

Ferrari to float on stock exchange

Italian supercar creator Ferrari is expected to float on the stock market at the end of the year. It will have a value of ‘at least’ €10bn (£7.1bn) when it is […]