• Mar 2, 2015

    Harry Wilson’s Money Grab

    Singling out shareholders for a big payday is not being fair or responsible. The “old GM” spent billions buying back shares and kept doing so almost until it went bankrupt. Look how well that worked....More
  • Newswire

    UPDATE 2-VW says no guarantee of success in 2015  

    * VW keeps 5.5-6.5 pct EBIT margin target * But "no guarantee" that 2015 will be success -CFO * Shares up 0.3 percent * VW initiates management changes to back profitability push (Adds peers comparison, management changes) By Andreas Cremer BERLIN, Feb 27 (Reuters) - Volkswagen stuck to its guidance for operating profit even after delivering record earnings last year, saying falling demand in key markets may weigh on its business....More
  • Newswire

    Auto Supplier Visteon's Q4 Revenues Up 21%  

    The supplier says higher sales of its air conditioners in Asia and Europe, where auto production is increasing, contributed to the increase in fourth-quarter revenues....More
  • Newswire

    GKN Looks to Build on Rising 2014 Profits  

    The British engineering company credits its 4% increase in 2014 profits to sales of parts to automakers including Volkswagen that outperformed market growth....More
  • Newswire

    GM Gets 33 New Compensation Claims Over Ignition Switches  

    The automaker now has received 4,345 claims for compensation for deaths and injuries stemming from accidents involving cars equipped with defective ignition switches....More
  • Newswire

    Samsung SDI Buying Magna's Car-Battery-Pack Branch  

    The electronics affiliate of South Korea's Samsung Electronics already manufactures rechargeable batteries for German automaker BMW's i3 electric vehicles....More
  • Newswire

    ZF Offers Concessions for EU approval of TRW Takeover  

    The European Union's legislative body will decide by March 12 whether to approve the $13.5 billion transaction, but does not provide details of the German automotive supplier's proposed concessions....More
  • Newswire

    Mahle Buys Rival Supplier Delphi's Air-Conditioning Business  

    U.S. supplier Delphi says it is selling its Thermal Systems business to Germany's Mahle for $727 million....More
  • Newswire

    Ford JV in Turkey Sees 2014 Profit Rise 7%  

    The Ford Otosan JV's net profit of 595 million lira fell short of anaysts' estimated 673 million lira....More
  • Newswire

    Canadian Auto Industry Stuck in Holding Pattern  

    The strong Canadian dollar curtailed investment in the country's auto-manufacturing sector in recent years, but CEO Reid Bigland of FCA's Canadian arm says the recent weakening of the currency is unlikely to spur growth....More
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