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  • Newswire

    FCA Reports Q3 Earnings Jump 35%  

    The Italian-American automaker reports €1.3 billion in adjusted earnings before interest and tax, up from €968 million in third-quarter 2014....More
  • Newswire

    Volkswagen to Shift Focus to Profitability, CEO Says  

    Matthis Mueller, who took over as CEO as part of a companywide shakeup triggered by rigged diesel-emissions tests, says VW will emphasize profitability over outselling competitors....More
  • Newswire

    REFILE-UPDATE 3-Ford Motor 3rd-quarter profit misses estimate, shares drop  

    (Corrects spelling of "quarter" in headline) By Bernie Woodall and Joseph White DETROIT, Oct 27 (Reuters) - Ford Motor Co reported sharply higher quarterly profit on Tuesday, driven by its record quarterly performance in North America, but the automakers' shares fell 5 percent after its results fell short of Wall Street estimates....More
  • Newswire

    UPDATE 2-Ferrari shares race ahead 15 pct on Wall Street debut  

    * Ferrari starts trading on NYSE at $60 * IPO priced at $52 a share, at top of range * Fiat Chrysler could raise up to $982 mln from stake offering * Parent to spin off Ferrari in early 2016 (Recasts and writes through after Wall St debut) By Lauren Hirsch and Agnieszka Flak...More
  • Newswire

    UPDATE 2-GM profit tops estimates on strong truck demand, improved China  

    (Adds CFO comments on U.S. union talks, no change in diesel demand expectations, updates share price) By Joseph White and Bernie Woodall DETROIT, Oct 21 (Reuters) - General Motors Co reported record quarterly earnings for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues. GM shares rose 5.3 percent to $35.26 a share and have risen more than $5 since the start of the month....More
  • Newswire

    Volkswagen CEO Says More Provisions Could Be Needed  

    VW's CEO says €6.5 billion might not be enough to cover the cost of fixing the automaker's out-of-compliance diesels....More
  • Newswire

    UPDATE 3-VW looks to cutbacks and electric cars to overcome scandal  

    * To cut investment plans by 1 bln euros a year at VW brand * To speed up cost cutting at VW brand division * To focus more on electric, hybrid vehicles (Adds detail on electrical vehicles strategy, background) By Andreas Cremer and Jan Schwartz...More
  • Newswire

    UPDATE 2-Ferrari needs more than racy market debut to stay ahead  

    * Ferrari's enterprise value seen at up to $12 bln * Wall Street debut in late October, spin-off due 2016 * Brand strength helps valuation but growth concerns remain (Adds details, analyst, rewrites throughout) By Agnieszka Flak MILAN, Oct 12 (Reuters) - Ferrari is being launched as a luxury stock for its Wall Street debut but may struggle to justify such a valuation in the long run given its profit margins and the investment needed to put its prancing horse logo on other products....More
  • Newswire

    Volkswagen Pledges €4.2 Billion Investment in Spain  

    The German automaker, rocked by a scandal over falsified emissions tests, will invest billions of euros over five years at its VW-and SEAT-brand factories in Navarra and Martorell, respectively....More
  • Newswire

    UPDATE 1-Renault-Nissan Discuss New Structure to Counter French Control - Nikkei  

    Japan's Nikei says a plan being floated is for Renault to lower its stake in Nissan below 40% from the current 43.4%, a move that would, under French law, allow the Japanese partner's stake in Renault to carry voting rights....More
  • Newswire

    VW Rolls Back Guidance as Emissions Scandal Unfolds  

    The automaker will set aside about €6.5 billion to cover costs related to the fallout from allegations it falsified results of emissions tests of its diesel models in the U.S. and other markets....More
  • Newswire

    VW Taking Q4 Charge for Brazil Restructuring  

    Chief Financial Officer Hans Dieter Poetsch tells analysts VW expects to take a triple-digit-million-euro provision for fourth-quarter restructuring in Brazil....More
  • Newswire

    GM Settles Ignition-Switch Criminal Case for $900 Million  

    The settlement ends a federal criminal investigation into the automaker's response to defective ignition switches linked to 124 deaths....More
  • Newswire

    Suzuki Buying Back VW's 19.9% Stake  

    The sale, worth up to $3.9 billion, follows an order by an international arbitration court that the German automaker sell its stake to its smaller Japanese rival....More
  • Newswire

    Sources Say Pininfarina Sale to India's Mahindra Imminent  

    Sources familiar with the negotiations between the Indian automaker and Italian design studio say the deal hinges largely on the banks holding Pininfarina's debt....More

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