More in Finance

  • Newswire

    Magna Predicting Decrease in 2015 Revenue  

    The Canadian supplier and contract assembler's prediction of $34.4 billion to $36.1 billion in total revenue falls short of analysts' expectation of $37.7 billion....More
  • Newswire

    Weakening Ruble Forcing 9% Lada Price Increase  

    AvtoVAZ, Russia's biggest automaker, is raising the price of the country's most popular car as the value of the ruble continues its free-fall....More
  • Newswire

    Ssangyong to Be Profitable in 2-3 Years, CEO Says  

    Lee Yoo-il, head of the South Korean automaker owned by India's Mahindra & Mahindra, expects the new Tivoli small SUV to lead the push toward profitability....More
  • Newswire

    UPDATE 3-BMW's China dealers say company agrees to pay $820 mln subsidy  

    * BMW and China dealers reach settlement over subsidies * Dealers say $820 mln deal struck, BMW declines confirm details * Toyota also negotiating with dealers in China (Adds details about BMW's ageing product range, analyst comment) By Samuel Shen and Edward Taylor...More
  • Newswire

    India Cutting Off Tax Breaks for Automakers  

    The government's decision to not extend tax breaks for car purchases past Dec. 31 is part of an effort to reduce the country's substantial budget deficit....More
  • Newswire

    Audi Takes Aim at BMW as Biggest Luxury-Car Maker  

    Volkswagen's flagship division is earmarking more than two-thirds of investment through 2019 for new models and technologies including electric and plug-in hybrid vehicles....More
  • Newswire

    Report Says EC Probe Targets Top European Truck Makers  

    The Financial Times report centers on leaked documents from a European Commission investigation into the manufacturers' alleged collaboration in meeting emissions regulations....More
  • Newswire

    Faurecia to Appeal Fine for Leaking Financial Info  

    French regulators fined the auto-parts manufacturer 100,000 euros for allegedly sharing financial information with stock analysts in 2012....More
  • Newswire

    GM Receives 104 New Compensation Claims for Ignition Defect  

    The automaker now has received 2,430 claims for compensation for deaths, critical injuries or less-serious injuries allegedly resulting from defective ignition switches in its cars....More
  • Newswire

    Report Says Opel CEO Disappointed by Turnaround Result  

    Karl-Thomas Neumann is quoted by a German newspaper as saying managers must overcome "strong headwinds for 2015" for the automaker to return to profitability in 2016....More
  • Newswire

    UPDATE 2-Nissan CEO says suspending some Russia car orders in "bloodbath" for automakers  

    * Has raised prices of half its Russian cars by 5-8 pct * Plans to expand production in Japan on weaker yen (Adds comments on Japan, yen, industry context) By Mari Saito TOKYO, Dec 19 (Reuters) - Japan's Nissan Motor Co and French partner Renault SA have stopped taking orders for some cars in Russia and could raise prices on others if the rouble's plunge continues, alliance Chief Executive Carlos Ghosn said on Friday....More
  • Newswire

    REFILE-Dutch sportscar maker Spyker declared bankrupt  

    (Refiles to correct typo in company suffix in paragraph 3) AMSTERDAM, Dec 18 (Reuters) - Dutch sportscar maker Spyker , one-time owner of Sweden's Saab, declared bankruptcy on Thursday, after failing to secure a critical bridging loan it had hoped would help it refinance and restructure. The company, formed in 2000 to resurrect an early 20th century Dutch auto marque, had filed for protection from creditors earlier this month, hoping to stave off collapse....More
  • Newswire

    GM, JLR Halt Deliveries to Russian Dealerships  

    GM and Indian automaker Tata's Jaguar Land Rover luxury brands join Volkswagen Group in suspending vehicle deliveries in response to the sharp decline in the value of the Russian ruble....More
  • Newswire

    Asian Automakers' Russia Prospects Sink Alongside Ruble  

    While the weak yen has helped sales by Japan's Nissan and Toyota in Russia, the falling ruble has prompted Korean automaker Kia to divert imports away from the country to avoid selling the vehicles at a loss....More
  • Newswire

    Chinese Automaker Geely Sees 2014 Profit Down 50%  

    Geely, whose parent company also owns Swedish automaker Volvo, expects its 2014 net profit to fall because of setbacks including a 49% year-on-year slump in export sales through November and losses from depreciation of the Russian ruble....More
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×