Finance http://wardsauto.com/taxonomy/term/53307/more en VW Cost Cuts May Include Soccer Sponsorships http://wardsauto.com/vw-cost-cuts-may-include-soccer-sponsorships <div class="node-body reuters_news-body">The automaker spends €11 million a year to sponsor four professional soccer teams and an ice hockey club, a drop in the bucket of what analysts say could be €35 million in costs stemming from the diesel-emissions scandal.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/vw-cost-cuts-may-include-soccer-sponsorships" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Sales & Marketing Europe Industry Germany Miscellaneous Advertising Finance Sun, 22 Nov 2015 11:23:00 +0000 1407871 at http://wardsauto.com UPDATE 5-VW cuts 2016 capital spending plan as cheating scandal widens http://wardsauto.com/update-5-vw-cuts-2016-capital-spending-plan-cheating-scandal-widens <div class="node-body reuters_news-body"><p>* VW cuts 2016 capex plan to 12 bln euros from 13 bln</p> <p>* Says 75,000 more U.S. vehicles have excess emissions</p> <p>* Details of vehicle fixes provided to US regulators (Adds EPA saying VW provided initial proposal on vehicle fixes)</p> <p>By Andreas Cremer and David Shepardson</p> <p>WOLFSBURG, Germany/WASHINGTON, Nov 20 (Reuters) - Volkswagen AG cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-5-vw-cuts-2016-capital-spending-plan-cheating-scandal-widens" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Plants & Production Europe Industry Germany Miscellaneous Plants & Production Finance Restructuring Sat, 21 Nov 2015 00:55:30 +0000 1407151 at http://wardsauto.com India's Mahindra Nearer to Pininfarina Acquisition http://wardsauto.com/indias-mahindra-nearer-pininfarina-acquisition <div class="node-body reuters_news-body">The Italian design studio, whose clients have included Ferrari, Maserati and Rolls-Royce, says it expects to reach a deal to be acquired by the Indian conglomerate in coming weeks.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/indias-mahindra-nearer-pininfarina-acquisition" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific Europe Vehicles & Technology Industry India Italy Technology Miscellaneous Exterior Finance Restructuring Thu, 12 Nov 2015 18:11:00 +0000 1399941 at http://wardsauto.com Hyundai Motor's Chung Ups Stake in Family Business http://wardsauto.com/hyundai-motors-chung-ups-stake-family-business <div class="node-body reuters_news-body">Chung Eui-sun, the only son of Hyundai Motor Group Chairman Chung Mong-koo, held only 6,445 shares in Hyundai Motor prior to last month's purchase of 1.85 million shares that raised his stake in the automaker to 2.28%.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/hyundai-motors-chung-ups-stake-family-business" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific Industry South Korea Miscellaneous Finance Labor & Human Resources Thu, 12 Nov 2015 08:08:00 +0000 1399271 at http://wardsauto.com UPDATE 3-Takata slashes outlook as automakers drop its air bag inflators http://wardsauto.com/update-3-takata-slashes-outlook-automakers-drop-its-air-bag-inflators <div class="node-body reuters_news-body"><p>* Takata cuts FY net profit outlook to 5 bln yen from 20 bln</p> <p>* Toyota president: won't use Takata ammonium nitrate inflators</p> <p>* Takata shares briefly turn positive after Toyota comment</p> <p>* Shares down nearly 40 percent in three days (Recasts throughout with Takata earnings, guidance)</p> <p>By Makiko Yamazaki</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-3-takata-slashes-outlook-automakers-drop-its-air-bag-inflators" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Suppliers Asia Pacific Vehicles & Technology Industry Japan Safety Technology Technology Miscellaneous Airbags Finance OE-Supplier Relations Fri, 06 Nov 2015 08:50:34 +0000 1394051 at http://wardsauto.com UPDATE 2-Toyota cuts full-year sales forecast on sluggish Asian recovery http://wardsauto.com/update-2-toyota-cuts-full-year-sales-forecast-sluggish-asian-recovery <div class="node-body reuters_news-body"><p>* Toyota lowers FY sales f'cast by 1 pct, profit unchanged</p> <p>* World's top automaker cites weak sales in emerging Asia</p> <p>* Q2 profit supported by weak yen, lower costs (Recasts, adds comment, details)</p> <p>By Naomi Tajitsu</p> <p>TOKYO, Nov 5 (Reuters) - Toyota Motor Corp cut its full-year revenue forecast on Thursday as the Japanese company expects weaker vehicle sales in emerging Asian countries, where demand for cars has been hit by slowing growth.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-toyota-cuts-full-year-sales-forecast-sluggish-asian-recovery" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Sales & Marketing Asia Pacific Analysis Industry Japan Data & Insights Miscellaneous Finance Sales Results Thu, 05 Nov 2015 11:54:45 +0000 1392861 at http://wardsauto.com Reports Say U.S. Settles With Takata Over Airbags http://wardsauto.com/reports-say-us-settles-takata-over-airbags <div class="node-body reuters_news-body">A Japanese newspaper reports the auto supplier will pay $70 million to U.S. regulators and car owners in a settlement stemming from defective airbags blamed for several deaths</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/reports-say-us-settles-takata-over-airbags" target="_blank">read more</a></p> Public Gated Management & Strategy Suppliers Vehicles & Technology North America Industry U.S. Safety Technology Technology Miscellaneous Airbags Finance National Highway Traffic Safey Administration (NHTSA) Safety Tue, 03 Nov 2015 16:52:00 +0000 1390431 at http://wardsauto.com Audi Sees Q3 Profits Drop But Sticks With Margin Target http://wardsauto.com/audi-sees-q3-profits-drop-sticks-margin-target <div class="node-body reuters_news-body">The Volkswagen-owned luxury automaker says strong demand in Europe and the U.S. offset a drop in China sales and the costs of launching both a redesigned A4 sedan and a Brazilian plant. </div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/audi-sees-q3-profits-drop-sticks-margin-target" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Europe Industry Germany Miscellaneous Finance Mon, 02 Nov 2015 10:23:00 +0000 1388181 at http://wardsauto.com UPDATE 2-Nissan seeks closer Renault alliance, wary of French state's role http://wardsauto.com/update-2-nissan-seeks-closer-renault-alliance-wary-french-states-role <div class="node-body reuters_news-body"><p>* Nissan concerned of French state's say in Renault -exec</p> <p>* Nissan lifts full-yr f'casts for revenue, profit after strong Q2</p> <p>* Operating profit climbs 44 pct to 201 billion yen</p> <p>* Q2 revenue jumps 13.2 pct on strong sales in N. America, Europe (Recasts on Nissan comments on Renault alliance)</p> <p>By Naomi Tajitsu</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-nissan-seeks-closer-renault-alliance-wary-french-states-role" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific Industry Japan Miscellaneous Finance Mon, 02 Nov 2015 09:37:14 +0000 1388091 at http://wardsauto.com UPDATE 4-Hit by scandal, VW posts first quarterly loss in at least 15 years http://wardsauto.com/update-4-hit-scandal-vw-posts-first-quarterly-loss-least-15-years <div class="node-body reuters_news-body"><p>* Q3 operating loss of 3.48 bln euros in line with consensus</p> <p>* VW set aside 6.7 bln euros in Q3 scandal provisions</p> <p>* VW expects significant drop in 2015 operating profit</p> <p>* VW has made no provisions yet for legal liabilities (Adds finance chief, sales chief comments)</p> <p>By Andreas Cremer</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-4-hit-scandal-vw-posts-first-quarterly-loss-least-15-years" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Europe Industry Germany Miscellaneous Finance Wed, 28 Oct 2015 16:02:28 +0000 1383741 at http://wardsauto.com