Finance http://wardsauto.com/taxonomy/term/53307/more en VW to Invest Billions in New-Vehicle Development, Technology http://wardsauto.com/vw-invest-billions-new-vehicle-development-technology <div class="node-body reuters_news-body">The German automaker says it will invest $106 billion in its automotive operations over the next five years, most of it committed to developing a range of SUVs and refreshing part of its light-commercial-vehicle range. </div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/vw-invest-billions-new-vehicle-development-technology" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Europe Germany Finance Product Development Fri, 21 Nov 2014 11:40:00 +0000 1165111 at http://wardsauto.com TRW Shareholders OK Takeover by ZF http://wardsauto.com/trw-shareholders-ok-takeover-zf <div class="node-body reuters_news-body">Of the 81% of shareholders controlling TRW's equity capital, 79% approved the $12.4 billion takeover by ZF, another major automotive supplier.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/trw-shareholders-ok-takeover-zf" target="_blank">read more</a></p> Public Gated Management & Strategy Suppliers Europe North America U.S. Germany Finance Global Sources Globalization Restructuring Thu, 20 Nov 2014 12:15:00 +0000 1164221 at http://wardsauto.com UPDATE 3-GM ignition-switch claims deadline extended to Jan. 31 http://wardsauto.com/update-3-gm-ignition-switch-claims-deadline-extended-jan-31 <div class="node-body reuters_news-body"><p>(Adds Senator Blumenthal reaction)</p> <p>Nov 17 (Reuters) - The deadline to file claims under General Motors Co's faulty ignition-switch compensation program has been extended by one month to Jan. 31, said Kenneth Feinberg, the program's administrator.</p> <p>Feinberg's office on Monday updated its list of claims submitted, saying it had approved compensation for the families of 33 victims killed in GM cars with faulty ignition switches.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-3-gm-ignition-switch-claims-deadline-extended-jan-31" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Vehicles & Technology North America U.S. Finance GM's Recall Crisis Vehicles & Technology Mon, 17 Nov 2014 21:06:35 +0000 1160941 at http://wardsauto.com Indian Automaker Tata Reports 7% Q2 Profit Drop http://wardsauto.com/indian-automaker-tata-reports-7-q2-profit-drop <div class="node-body reuters_news-body">India's biggest automaker by revenue says continued profitability by its Jaguar Land Rover luxury unit was offset by slumping sales of its domestically built cars.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/indian-automaker-tata-reports-7-q2-profit-drop" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific India Finance Fri, 14 Nov 2014 11:47:00 +0000 1160151 at http://wardsauto.com Subaru Manaufacturer Opposes Japan Sales-Tax Hike http://wardsauto.com/subaru-manaufacturer-opposes-japan-sales-tax-hike <div class="node-body reuters_news-body">Fuji Heavy Industries, which last month raised its full-year operating profit forecast 12%, says it is concerned the sales-tax increase under consideration by Japanese Prime Minister Shinzo Abe would harm the country's declining economy. </div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/subaru-manaufacturer-opposes-japan-sales-tax-hike" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Politics Asia Pacific Japan Politics Finance Thu, 13 Nov 2014 09:00:00 +0000 1158791 at http://wardsauto.com 'Car Guy' Rocha Hustles to Keep GM Korea Relevant http://wardsauto.com/management-strategy/car-guy-rocha-hustles-keep-gm-korea-relevant <div class="node-body article-body">Sergio Rocha asserts he’s been able to break through the perceived walls separating GM Korea management and labor thanks to the kinship he feels with workers on the assembly line, where he started his career as an hourly apprentice at age 14.</div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/management-strategy/car-guy-rocha-hustles-keep-gm-korea-relevant" target="_blank">read more</a></p> http://wardsauto.com/management-strategy/car-guy-rocha-hustles-keep-gm-korea-relevant#comments Public Auto Makers Management & Strategy Plants & Production Sales & Marketing Asia Pacific South Korea General Motors Capacity Utilization Employment Finance Labor & Human Resources Product Development Sales Results Vehicle Assembly Mon, 10 Nov 2014 11:14:00 +0000 1155001 at http://wardsauto.com <p><strong>Three of four GM Korea plants running above capacity.</strong></p> <p><strong>GM Korea CEO Rocha</strong></p> Ford Posts 1% October Sales Dip in China http://wardsauto.com/ford-posts-1-october-sales-dip-china <div class="node-body reuters_news-body">Despite last month's backslide, sales by the automaker and its Chinese joint ventures were up 22% year-to-date.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/ford-posts-1-october-sales-dip-china" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific China Finance Fri, 07 Nov 2014 06:15:00 +0000 1154451 at http://wardsauto.com Auto Supplier Visteon Posts 33% 3Q Revenue Increase http://wardsauto.com/auto-supplier-visteon-posts-33-3q-revenue-increase <div class="node-body reuters_news-body">The revenue gain was driven by income from the company's electronics business, which more than doubled to $760 million in the period.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/auto-supplier-visteon-posts-33-3q-revenue-increase" target="_blank">read more</a></p> Public Gated Management & Strategy Suppliers North America U.S. Finance Thu, 06 Nov 2014 13:22:00 +0000 1153591 at http://wardsauto.com Chrysler Working to Cut Rental Car Sales, Improve Margins http://wardsauto.com/management-strategy/chrysler-working-cut-rental-car-sales-improve-margins <div class="node-body article-body">Chrysler continues to work on upgrading its vehicle portfolio and is focusing on growing market share and improving its price positions, the automaker’s CFO says. </div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/management-strategy/chrysler-working-cut-rental-car-sales-improve-margins" target="_blank">read more</a></p> http://wardsauto.com/management-strategy/chrysler-working-cut-rental-car-sales-improve-margins#comments Public Auto Makers Management & Strategy Dealers Sales & Marketing North America U.S. Chrysler Finance Sales Results Wed, 05 Nov 2014 19:15:00 +0000 1152621 at http://wardsauto.com <p><strong>Chrysler working to build awareness of new products such as &rsquo;15 200 midsize sedan.</strong></p> UPDATE 2-Magna profit beats estimates on strong North American sales http://wardsauto.com/update-2-magna-profit-beats-estimates-strong-north-american-sales <div class="node-body reuters_news-body"><p>(Adds details on North American results, context.)</p> <p>Nov 5 (Reuters) - Canadian auto parts maker and contract vehicle manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings that beat analyst expectations Wednesday, boosted by strong demand in North America.</p> <p>Adjusted earnings before interest and taxes in North America, the company's biggest market, grew to $470 million in the quarter through Sept. 30, from $365 million a year earlier. External production sales were up 10 percent at $4.43 billion.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-magna-profit-beats-estimates-strong-north-american-sales" target="_blank">read more</a></p> Public Gated Management & Strategy Suppliers North America Canada Finance Wed, 05 Nov 2014 13:48:43 +0000 1152131 at http://wardsauto.com