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  • 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
  • Newswire

    Supplier Continental Steps Up China Investment  

    CEO Elmar Degenhart says the German supplier plans to invest about €1 billion in China to 2019, the same amount it invested from 2010-2014....More
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