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  • Newswire

    New Models Drive Renault Resurgence  

    The French automaker says strong sales of new models such as the Captur and Clio subcompacts contributed to a 3.2% boost in global volume in 2014 and a more than tripling of full-year profit....More
  • Newswire

    Faurecia Says Weak Euro Will Strengthen Bottom Line  

    The French auto-parts maker says it is targeting 5% full-year revenue growth, citing strong growth in key markets such as China as well as the euro's weakening against the U.S. dollar and Chinese yen....More
  • Feb 11, 2015
    blog

    Dial Out Noise of GM Activist Shareholder

    Harry Wilson’s bluster should be taken as nothing more. Sure, he’s got some big hedge fund names behind him and investors outside their circle would stand to profit too if the buyback were to happen. But it won’t....More
  • Newswire

    UPDATE 1-Nissan lifts profit guidance on forex windfalls, cost cuts  

    * Sees FY op profit of 570 bln yen vs previous forecast 535 bln * Q3 op profit 156 bln yen vs 121 bln yen analyst view * Q3 op profit margin 5.3 pct, still off 8 pct goal (Adds company comment, U.S. discounts, margins, graphic) By Chang-Ran Kim YOKOHAMA, Feb 9 (Reuters) - Nissan Motor Co lifted its annual earnings forecast on Monday, expecting its highest operating profit in seven years due to favourable currency movement and further cost cuts....More
  • Newswire

    UPDATE 1-Daimler's Q4 adj. EBIT up on Mercedes sales gains  

    * Daimler says sees higher sales, EBIT in 2015 * Daimler proposes dividend of 2.45 euros a share * Q4 return on sales at Mercedes-Benz Cars 8.7 pct (Recasts, adds CEO, analyst comment, details on dividend) STUTTGART, Feb 5 (Reuters) - Daimler said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it reported a 10 percent jump in fourth-quarter operating profit....More
  • Newswire

    Smaller Japanese Automakers Ride Exchange Rollercoaster  

    Mazda says it will be profitable this year despite the weak Russian ruble cutting into European revenue, while Subaru maker Fuji cites the yen's weakness against the dollar in raising its profit forecast....More
  • Newswire

    GM Ignition Victim Fund Officials Expect More Claims  

    Compensation fund officials have approved 51 claims for deaths and injuries related to defective ignition switches in older GM cars, and that number "absolutely" will rise, deputy administrator Camille Biros says....More
  • Newswire

    Takata Airbag Recalls Cut Into Honda Profit Forecast  

    The automaker is scaling back its core profit forecast 6.5% to ¥720 billion for the year ending March 31 as it sets aside an extra ¥50 billion to cover recalls of cars equipped with faulty Takata airbag....More
  • Newswire

    Labor Leader Says VW Underestimating Savings Planned at Core Brand  

    Bernd Osterloh, head of Volkswagen's works council, says "a bit more discipline" would allow the automaker to cut costs more extensively than by the 5 billion euros it plans to make by 2017....More
  • Newswire

    GM Says Ignition-Switch Claims Deadline Firm  

    The automaker says it won't extend past Jan. 31 its deadline to file claims for deaths or injuries resulting from defective ignition switches....More
  • Newswire

    UPDATE 2-Fiat Chrysler no longer 'bleeding' in Europe, but challenges remain  

    (Recasts, adds comments from conference call, analysts) By Agnieszka Flak and Bernie Woodall MILAN/DETROIT, Jan 28 (Reuters) - Fiat Chrysler Automobiles expects to turn profits in all regions this year, but faces pressure to rev up its North American profit engine to fund an ambitious overhaul of its Alfa Romeo and Maserati brands....More
  • Newswire

    Sanden Agrees to Plead Guilty to Price Fixing in U.S., Pay Fine  

    Sanden's plea will bring to 33 the number of companies which have been charged in the U.S....More
  • Newswire

    India's Maruti Profits Up, But Shy of Estimate  

    Maruti sees 18% profit increase for final three months of 2014, but misses analyst expectations....More
  • Newswire

    UPDATE 2-Ford takes $800 mln charge on Venezuelan currency woes  

    (Adds analyst comment, details of Ford operations in Venezuela.) By Bernie Woodall Jan 23 (Reuters) - Ford Motor Co said on Friday it was taking a charge related to its Venezuelan operations that will cut fourth-quarter net profit by $700 million, as companies scramble to shield their bottom lines from the country's volatile currency....More
  • Newswire

    EU Ruling on ZF's TRW Acquisition Due Feb. 26  

    German auto-parts maker ZF has bid $13.5 billion to acquire U.S. rival TRW, both of which are developing technologies for self-driving cars....More
  • Newswire

    Kia Q4 Net Profit Down 54% as Russia Market Stagnates  

    Kia posted a fourth-quarter net profit of 436 billion won, down from 949 billion won prior-year, a day after sister company Hyundai reported a 19% decline in net profit for the period....More
  • Newswire

    UPDATE 2-Hyundai Motor's biggest-ever dividend greeted with outlook concern  

    * Pays 2014 dividend of 3,000 won vs 1,950 won in 2013 * Shareholders angry over property buy, concerned about outlook * Q4 net falls 19 pct, misses analyst estimates; revenue up 8 pct * Russia, emerging market currency risks to persist - president (Adds dividend, executive, analyst comments, sales projection) By Hyunjoo Jin...More
  • Newswire

    Hyundai's South Korean Union to Appeal Ruling in Wage Dispute  

    The union will appeal a court ruling that Hyundai did not have to include regular bonuses in base pay for more than 90% of its Korean workers....More
  • Newswire

    GM Gets 108 New Claims for Ignition Defect Compensation  

    The latest claims raise to 2,818 the number of requests for compensation for deaths or injuries resulting from ignition-switch defects in several older GM models....More
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