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  • Newswire

    Toyota Latest Japanese Company to Raise Worker Pay  

    The automaker's monthly base-pay raise of ¥4,000 per worker is short of union demands for ¥6,000, but it exceeds last year's ¥2,700 boost and is its largest in more than a decade....More
  • Newswire

    Volkswagen's Skoda Unit Posts Record Profits in 2014  

    The Czech Republic's largest manufacturer says last year's €665 million profit was 46% above the prior year and was driven by its first-ever full year of exceeding 1 million sales....More
  • Newswire

    Supplier Valeo's CEO Says Acquisitions on Table  

    Jacques Aschenbroich says Valeo is growing its capabilities in areas such as hybrid technology and connected cars, and wants to pursue an "active role in potential consolidation" with other suppliers....More
  • Newswire

    UPDATE 2-BMW car margins fall to lowest in almost five years  

    * Automotive margin at 9.6 percent for 2014 * Carmaker says targets new sales record in 2015 * Auto margin of 8.2 pct in fourth quarter - analysts * Proposed dividend of 2.90 euros disappoints * Shares fall (Recasts, adds analyst comment) By Edward Taylor...More
  • Newswire

    UPDATE 2-Volkswagen makes slow progress in cutting costs  

    * VW has identified half of planned 5 bln eur cost cuts * VW 2014 brand operating profit down 14 pct * VW shares down 0.6 percent (Adds CFO, trucks chief comments, detail, updates shares) By Andreas Cremer BERLIN, March 12 (Reuters) - Volkswagen is making slow progress in cutting costs at its core passenger car brand, where profit continued to fall last year due to weaker emerging markets and technology costs....More
  • Newswire

    Volkswagen's 2-Door Polo May Be on Way Out  

    The Polo was Europe's fourth best-selling vehicle in 2014, but the automaker may continue building only a 4-door version after 2017 as it seeks to cut costs....More
  • Newswire

    CEO Marchionne Says FCA Could Shed More Than 10% of Ferrari  

    The Fiat Chrysler Automobiles chief cites high demand for Ferraris in the automaker's deliberations over how big a stake in the luxury brand it should sell in a planned initial public offering....More
  • Mar 2, 2015
    blog

    Harry Wilson’s Money Grab 7

    Singling out shareholders for a big payday is not being fair or responsible. The “old GM” spent billions buying back shares and kept doing so almost until it went bankrupt. Look how well that worked....More
  • Newswire

    UPDATE 2-VW says no guarantee of success in 2015  

    * VW keeps 5.5-6.5 pct EBIT margin target * But "no guarantee" that 2015 will be success -CFO * Shares up 0.3 percent * VW initiates management changes to back profitability push (Adds peers comparison, management changes) By Andreas Cremer BERLIN, Feb 27 (Reuters) - Volkswagen stuck to its guidance for operating profit even after delivering record earnings last year, saying falling demand in key markets may weigh on its business....More
  • Newswire

    Auto Supplier Visteon's Q4 Revenues Up 21%  

    The supplier says higher sales of its air conditioners in Asia and Europe, where auto production is increasing, contributed to the increase in fourth-quarter revenues....More
  • Newswire

    GKN Looks to Build on Rising 2014 Profits  

    The British engineering company credits its 4% increase in 2014 profits to sales of parts to automakers including Volkswagen that outperformed market growth....More
  • Newswire

    GM Gets 33 New Compensation Claims Over Ignition Switches  

    The automaker now has received 4,345 claims for compensation for deaths and injuries stemming from accidents involving cars equipped with defective ignition switches....More
  • Newswire

    Samsung SDI Buying Magna's Car-Battery-Pack Branch  

    The electronics affiliate of South Korea's Samsung Electronics already manufactures rechargeable batteries for German automaker BMW's i3 electric vehicles....More
  • Newswire

    ZF Offers Concessions for EU approval of TRW Takeover  

    The European Union's legislative body will decide by March 12 whether to approve the $13.5 billion transaction, but does not provide details of the German automotive supplier's proposed concessions....More
  • Newswire

    Mahle Buys Rival Supplier Delphi's Air-Conditioning Business  

    U.S. supplier Delphi says it is selling its Thermal Systems business to Germany's Mahle for $727 million....More
  • Newswire

    Ford JV in Turkey Sees 2014 Profit Rise 7%  

    The Ford Otosan JV's net profit of 595 million lira fell short of anaysts' estimated 673 million lira....More
  • Newswire

    Canadian Auto Industry Stuck in Holding Pattern  

    The strong Canadian dollar curtailed investment in the country's auto-manufacturing sector in recent years, but CEO Reid Bigland of FCA's Canadian arm says the recent weakening of the currency is unlikely to spur growth....More
  • Newswire

    UPDATE 2-TRW Automotive tops Q4 profit estimates, aids Takata on air bag parts  

    (Updates with remarks from executives, adds stock price, background) By Paul Lienert Feb 13 (Reuters) - TRW Automotive Holdings Corp, which is being acquired by German supplier ZF Friedrichshafen AG , on Friday reported adjusted fourth-quarter profit that topped estimates. The supplier of automotive safety systems said it is working with Japan's Takata Corp and vehicle manufacturers to build replacement inflators for millions of recalled vehicles equipped with Takata air bags....More
  • 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
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