• Newswire

    Daimler Tops Q1 Earnings Forecast  

    Earnings were boosted by a 9.2% return on sales at the automaker's luxury Mercedes-Benz Div., which beat prior-year's 7% result....More
  • Newswire

    UPDATE 1-Honda forecasts flat profit this year after tough 2014/15  

    By Chang-Ran Kim TOKYO, April 28 (Reuters) - Honda Motor Co forecast a scant 0.4 percent rise in net profit for the year that began on April 1, after falling short of its guidance in the year just ended when quality problems delayed vehicle development and hampered sales. Last year's profit shortfall was due about half to quality-related costs and half to weaker sales in the United States and Japan, Honda Executive Vice President Tetsuo Iwamura told a briefing for reporters....More
  • Newswire

    UPDATE 2-VW investors hope Piech exit may usher in change  

    * VW investors say Piech exit may boost shares -survey * Shares up almost 5 pct * VW strategy shifts to address Piech criticism -sources (Adds investor comment, background on M&A and markets) BERLIN, April 27 (Reuters) - Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech....More
  • Newswire

    Family Stake in Peugeot at Issue in Meeting  

    A French newspaper reports the June meeting will center on differences among the Peugeot family over its 14.1% stake in the automaker....More
  • Newswire

    India's Maruti Suzuki Q4 Profit Climbs 61%  

    India's largest automaker exceeded analyst estimates by posting a Rs12.8 billion net profit for the quarter ended March 31 compared with Rs8 billion year-ago....More
  • Newswire

    Mazda Projects 3.5% Uptick in Operating Profit  

    The Japanese automaker expects current-year global vehicle sales to rise 6.6%, but operating profit will be trimmed by the yen's strength against the euro, Australian dollar and Thai baht....More
  • Newswire

    Ssangyong Says Mahindra Denies Plan to Raise Stake  

    Ssangyong says Mahindra & Mahindra, which owns 72.85% of the Korean automaker, denies a television report that the Indian industrial conglomerate will raise its stake to between 90% and 95%....More
  • Newswire

    Indian Automaker Preparing to Bid for Pininfarina  

    Sources say Mahindra & Mahindra intends to submit a formal bid for the Italian car-design studio in time for an April 29 shareholder meeting....More
  • Newswire

    French Government Completes Renault Stake Increase  

    The government's stake in Renault stands at 19.74%, up from 15.01%, in a move designed to obtain the extra voting weight needed to block efforts to uphold the automaker's one-share, one-vote capital structure....More
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