Finance http://wardsauto.com/taxonomy/term/53307/more en UPDATE 1-Honda profit beats estimates on cost cuts, Japan sales http://wardsauto.com/update-1-honda-profit-beats-estimates-cost-cuts-japan-sales <div class="node-body reuters_news-body"><p>(Adds details from results, including U.S., Japan markets)</p> <p>TOKYO, July 29 (Reuters) - Honda Motor Co's April-June operating profit rose 7.1 percent from a year earlier to 198.04 billion yen ($1.94 billion), beating analyst estimates, boosted by cost cuts and strong sales of the remodelled Fit in Japan.</p> <p>The first-quarter operating profit compared with a 181.8 billion yen mean estimate of 12 analysts polled by Thomson Reuters I/B/E/S.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-1-honda-profit-beats-estimates-cost-cuts-japan-sales" target="_blank">read more</a></p> Public Gated Management & Strategy Auto Makers Asia Pacific Japan Finance Tue, 29 Jul 2014 06:36:38 +0000 1069581 at http://wardsauto.com UPDATE 2-Engine-maker Cummins ups outlook; investors underwhelmed http://wardsauto.com/update-2-engine-maker-cummins-ups-outlook-investors-underwhelmed <div class="node-body reuters_news-body"><p>* Expects FY sales to grow between 8 and 11 pct</p> <p>* North America sales up 14 pct; international down 1 pct</p> <p>* Shares fall 3.9 pct as margin forecast unchanged (Adds details from conference call, analyst comment; updates share price)</p> <p>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.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-engine-maker-cummins-ups-outlook-investors-underwhelmed" target="_blank">read more</a></p> Public Gated Management & Strategy Sales & Marketing Suppliers North America U.S. Sales & Marketing Finance Mon, 28 Jul 2014 20:10:37 +0000 1068851 at http://wardsauto.com Nissan Expects Takata to Pay All Costs Related to Airbag Recall http://wardsauto.com/nissan-expects-takata-pay-all-costs-related-airbag-recall <div class="node-body reuters_news-body">Nissan, Japan's second-biggest automaker by global sales, recalled 755,500 vehicles globally in June over potentially explosive airbags, supplied by Takata. </div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/nissan-expects-takata-pay-all-costs-related-airbag-recall" target="_blank">read more</a></p> Public Gated Management & Strategy Auto Makers Asia Pacific Suppliers Japan Finance Mon, 28 Jul 2014 08:43:00 +0000 1068941 at http://wardsauto.com GM Expects Profit-Busting Recalls to Slow; $400M Set Aside for Victims http://wardsauto.com/auto-makers/gm-expects-profit-busting-recalls-slow-400m-set-aside-victims <div class="node-body article-body">The earnings swoon also reflected difficulties in international markets, specifically South America, where economic headwinds are affecting sales, and in Europe, where GM continues to book losses as it restructures its business.</div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/auto-makers/gm-expects-profit-busting-recalls-slow-400m-set-aside-victims" target="_blank">read more</a></p> http://wardsauto.com/auto-makers/gm-expects-profit-busting-recalls-slow-400m-set-aside-victims#comments Public Management & Strategy Auto Makers North America U.S. General Motors Finance Restructuring Chevrolet Cobalt Chuck Stevens ignition switch recall Mary Barra Thu, 24 Jul 2014 16:55:00 +0000 1067121 at http://wardsauto.com <p><strong>GM says 550,000 recalled small-car ignition switches replaced, on target for October completion of safety campaign.</strong></p> Ford Posts $2.6 Billion Pre-Tax Profit; Europe Shows Signs of Life http://wardsauto.com/auto-makers/ford-posts-26-billion-pre-tax-profit-europe-shows-signs-life <div class="node-body article-body">Ford posts a $14 million pretax profit in Europe where the auto industry has seen sales stagnate, but expresses concerns over the Russian market.</div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/auto-makers/ford-posts-26-billion-pre-tax-profit-europe-shows-signs-life" target="_blank">read more</a></p> http://wardsauto.com/auto-makers/ford-posts-26-billion-pre-tax-profit-europe-shows-signs-life#comments Public Management & Strategy Auto Makers Sales & Marketing U.S. Ford Finance Sales Results Thu, 24 Jul 2014 15:55:00 +0000 1067041 at http://wardsauto.com <p><strong>New Ford CEO Mark Fields says he doesn&rsquo;t plan a change in strategy following the departure of Alan Mulally. </strong></p> Proxy Adviser Recommends Against FCA Cross-Border Merger http://wardsauto.com/proxy-adviser-recommends-against-fca-cross-border-merger <div class="node-body reuters_news-body">Fiat investors should vote against a cross-border merger of the two automakers, advisory group ISS says, because the action would diminish shareholder rights.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/proxy-adviser-recommends-against-fca-cross-border-merger" target="_blank">read more</a></p> Public Gated Management & Strategy Auto Makers Europe North America U.S. Italy Fiat-Chrysler: What's Next Finance Restructuring Wed, 23 Jul 2014 14:47:00 +0000 1066051 at http://wardsauto.com UPDATE 2-VW faces battle with workers over cost cutting plans http://wardsauto.com/update-2-vw-faces-battle-workers-over-cost-cutting-plans <div class="node-body reuters_news-body"><p>* VW urgently needs higher profit to fund growth - CEO</p> <p>* CEO addresses over 20,000 workers at VW's German base</p> <p>* Works council chief sees conflicts with management (Adds works council chief, analyst comments, background)</p> <p>By Andreas Cremer and Jan Schwartz</p> <p>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.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-vw-faces-battle-workers-over-cost-cutting-plans" target="_blank">read more</a></p> Public Gated Management & Strategy Auto Makers Europe Germany Finance Wed, 23 Jul 2014 13:43:47 +0000 1065721 at http://wardsauto.com ZF Courting TRW for Car Connectivity, Self-Driving Savvy http://wardsauto.com/zf-courting-trw-car-connectivity-self-driving-savvy <div class="node-body reuters_news-body">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.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/zf-courting-trw-car-connectivity-self-driving-savvy" target="_blank">read more</a></p> Public Gated Management & Strategy Supply Chain Europe Suppliers Vehicles & Technology North America U.S. Germany Autonomous Vehicles Finance Global Sources Information & Entertainment Sat, 19 Jul 2014 12:11:00 +0000 1063681 at http://wardsauto.com Takata Links $440 Million Special Loss to Airbag Recalls http://wardsauto.com/takata-links-440-million-special-loss-airbag-recalls <div class="node-body reuters_news-body">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.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/takata-links-440-million-special-loss-airbag-recalls" target="_blank">read more</a></p> Public Gated Management & Strategy Asia Pacific Suppliers Vehicles & Technology Japan Airbags Finance Safety Takata Fri, 18 Jul 2014 08:22:00 +0000 1062981 at http://wardsauto.com UPDATE 1-VW plans 5 bln euros in cutbacks to boost brand margins http://wardsauto.com/update-1-vw-plans-5-bln-euros-cutbacks-boost-brand-margins <div class="node-body reuters_news-body"><p>* VW may cease models, cut procurement costs</p> <p>* VW brand trails 6 pct profit margin goal</p> <p>* VW drawing up new mid-term group efficiency program (Adds CEO quote, detail and background)</p> <p>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.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-1-vw-plans-5-bln-euros-cutbacks-boost-brand-margins" target="_blank">read more</a></p> Public Gated Management & Strategy Auto Makers Europe Germany Finance Purchashing Tue, 15 Jul 2014 13:19:43 +0000 1060401 at http://wardsauto.com