Finance

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  • Newswire

    VW to Invest Billions in New-Vehicle Development, Technology  

    The German automaker says it will invest $106 billion in its automotive operations over the next five years, most of it committed to developing a range of SUVs and refreshing part of its light-commercial-vehicle range....More
  • Newswire

    TRW Shareholders OK Takeover by ZF  

    Of the 81% of shareholders controlling TRW's equity capital, 79% approved the $12.4 billion takeover by ZF, another major automotive supplier....More
  • Newswire

    UPDATE 3-GM ignition-switch claims deadline extended to Jan. 31  

    (Adds Senator Blumenthal reaction) Nov 17 (Reuters) - The deadline to file claims under General Motors Co's faulty ignition-switch compensation program has been extended by one month to Jan. 31, said Kenneth Feinberg, the program's administrator. Feinberg's office on Monday updated its list of claims submitted, saying it had approved compensation for the families of 33 victims killed in GM cars with faulty ignition switches....More
  • Newswire

    Indian Automaker Tata Reports 7% Q2 Profit Drop  

    India's biggest automaker by revenue says continued profitability by its Jaguar Land Rover luxury unit was offset by slumping sales of its domestically built cars....More
  • Newswire

    Subaru Manaufacturer Opposes Japan Sales-Tax Hike  

    Fuji Heavy Industries, which last month raised its full-year operating profit forecast 12%, says it is concerned the sales-tax increase under consideration by Japanese Prime Minister Shinzo Abe would harm the country's declining economy....More
  • Newswire

    Ford Posts 1% October Sales Dip in China  

    Despite last month's backslide, sales by the automaker and its Chinese joint ventures were up 22% year-to-date....More
  • Newswire

    Auto Supplier Visteon Posts 33% 3Q Revenue Increase  

    The revenue gain was driven by income from the company's electronics business, which more than doubled to $760 million in the period....More
  • Newswire

    UPDATE 2-Magna profit beats estimates on strong North American sales  

    (Adds details on North American results, context.) Nov 5 (Reuters) - Canadian auto parts maker and contract vehicle manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings that beat analyst expectations Wednesday, boosted by strong demand in North America. Adjusted earnings before interest and taxes in North America, the company's biggest market, grew to $470 million in the quarter through Sept. 30, from $365 million a year earlier. External production sales were up 10 percent at $4.43 billion....More
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