Finance

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  • Newswire

    Report Says Opel CEO Disappointed by Turnaround Result  

    Karl-Thomas Neumann is quoted by a German newspaper as saying managers must overcome "strong headwinds for 2015" for the automaker to return to profitability in 2016....More
  • Newswire

    UPDATE 1-Nissan-Renault has suspended orders on some models in Russia  

    (Adds quotes from CEO, detail on actions in Russia) By Mari Saito TOKYO, Dec 19 (Reuters) - Japan's Nissan Motor Co and French partner Renault SA have stopped taking orders for some cars in Russia and could raise prices on others if the rouble's plunge continues, alliance Chief Executive Carlos Ghosn said on Friday....More
  • Newswire

    REFILE-Dutch sportscar maker Spyker declared bankrupt  

    (Refiles to correct typo in company suffix in paragraph 3) AMSTERDAM, Dec 18 (Reuters) - Dutch sportscar maker Spyker , one-time owner of Sweden's Saab, declared bankruptcy on Thursday, after failing to secure a critical bridging loan it had hoped would help it refinance and restructure. The company, formed in 2000 to resurrect an early 20th century Dutch auto marque, had filed for protection from creditors earlier this month, hoping to stave off collapse....More
  • Newswire

    GM, JLR Halt Deliveries to Russian Dealerships  

    GM and Indian automaker Tata's Jaguar Land Rover luxury brands join Volkswagen Group in suspending vehicle deliveries in response to the sharp decline in the value of the Russian ruble....More
  • Newswire

    Asian Automakers' Russia Prospects Sink Alongside Ruble  

    While the weak yen has helped sales by Japan's Nissan and Toyota in Russia, the falling ruble has prompted Korean automaker Kia to divert imports away from the country to avoid selling the vehicles at a loss....More
  • Newswire

    Chinese Automaker Geely Sees 2014 Profit Down 50%  

    Geely, whose parent company also owns Swedish automaker Volvo, expects its 2014 net profit to fall because of setbacks including a 49% year-on-year slump in export sales through November and losses from depreciation of the Russian ruble....More
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