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  • Newswire

    UPDATE 1-VW profit takes hit from emerging market slowdown  

    * Q2 op profit falls 3.1 pct to 3.33 bln euros * Q2 sales fall 2.2 pct to 51 bln euros * Keeps FY profit, sales guidance (Adds detail on results and background) By Andreas Cremer BERLIN, July 31 (Reuters) - Volkswagen posted a lower operating profit in the second quarter and stuck to its guidance as emerging market volatility weighed on the German carmaker's results....More
  • Newswire

    UPDATE 2-Peugeot car division back in profit as new CEO makes mark  

    * H1 cash flow 1.67 bln euros vs 203 mln year ago * H1 net loss 114 mln euros vs 471 mln loss year ago * New CEO reports progress on pricing, costs * Shares up 6 percent (Adds CEO and analyst comments, details, background) By Laurence Frost and Gilles Guillaume...More
  • Newswire

    UPDATE 2-Honda profit beats estimates but U.S. sales dented  

    * April-June oper profit up 7.1 pct, beats forecasts * FY oper profit outlook raised to 770 bln yen from 760 bln * Honda's N.American Q1 operating profit down 6 pct * Production at new Mexico plant slower than expected -exec * Still aims for annual US sales target of 1.55 mln vehicles (Adds executive comment, North American profit decline, Brazil and China information) By Yoko Kubota...More
  • Newswire

    UPDATE 2-Engine-maker Cummins ups outlook; investors underwhelmed  

    * Expects FY sales to grow between 8 and 11 pct * North America sales up 14 pct; international down 1 pct * Shares fall 3.9 pct as margin forecast unchanged (Adds details from conference call, analyst comment; updates share price) July 28 (Reuters) - Engine-maker Cummins Inc raised its revenue forecast this year, on the back of increased demand from North American truck makers, but its shares dropped as much as 3.9 percent as investors were unimpressed....More
  • Newswire

    Nissan Expects Takata to Pay All Costs Related to Airbag Recall  

    Nissan, Japan's second-biggest automaker by global sales, recalled 755,500 vehicles globally in June over potentially explosive airbags, supplied by Takata....More
  • Newswire

    Proxy Adviser Recommends Against FCA Cross-Border Merger  

    Fiat investors should vote against a cross-border merger of the two automakers, advisory group ISS says, because the action would diminish shareholder rights....More
  • Newswire

    UPDATE 2-VW faces battle with workers over cost cutting plans  

    * VW urgently needs higher profit to fund growth - CEO * CEO addresses over 20,000 workers at VW's German base * Works council chief sees conflicts with management (Adds works council chief, analyst comments, background) By Andreas Cremer and Jan Schwartz BERLIN, July 23 (Reuters) - Volkswagen, Europe's biggest carmaker, faces a battle with workers over cost cuts at its biggest car division, a central plank of its drive to meet profit margin targets....More
  • Newswire

    ZF Courting TRW for Car Connectivity, Self-Driving Savvy  

    An executive with the privately held German supplier says TRW is well-positioned to help it expand into areas such as Internet-enabled and autonomous-driving technology....More
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