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  • 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
  • Newswire

    Takata Links $440 Million Special Loss to Airbag Recalls  

    The Japanese manufacturer, which took a ¥30.4 billion charge in the year to 2013 following several global recalls of cars equipped with its airbags, still projects a net profit of ¥16 billion for the year ending in March 2015....More
  • Newswire

    UPDATE 1-VW plans 5 bln euros in cutbacks to boost brand margins  

    * VW may cease models, cut procurement costs * VW brand trails 6 pct profit margin goal * VW drawing up new mid-term group efficiency program (Adds CEO quote, detail and background) HAMBURG/BERLIN, Germany, July 15 (Reuters) - Volkswagen plans to cut costs at its core passenger-car brand by about 5 billion euros ($6.8 billion) per year from 2017, according to documents obtained by Reuters on Tuesday....More
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