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  • 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
  • Newswire

    Report Says FCA's Marchionne Still Pursuing GM Merger  

    The FCA chief says in a published report it would be "unconscionable" to abandon a merger with GM, but the automaker says it conducted in an in-depth review of Marchionne's proposal and is satisfied with its current course....More
  • Newswire

    UPDATE 3-Suzuki Motor says it will buy back VW stake as court settles feud  

    * Suzuki chief says he feels 'so refreshed' * VW welcomes clarity, says cooperation now ended * German stake worth about $3.8 bln at Friday's close * Investor Loeb wants Suzuki to cancel shares after buyback * Suzuki shares flat in Tokyo after initial jump (Adds Suzuki share reaction, analyst comment in paragraphs 6, 7) By Minami Funakoshi and Ritsuko Ando...More
  • Newswire

    Sources Say China's BAIC Eyeing Stake in Daimler  

    A Daimler spokesman, asked about the car-manufacturing unit of Beijing Automotive Group's interest in the German luxury automaker, says, "Investors from China are also welcome."...More
  • Newswire

    TRW Integration Going Well, Auto Supplier ZF Says  

    Releasing first-half financial results for the first time in its history, ZF reports earnings before interest and tax increased 89% from prior-year and says its acquisition of rival supplier TRW is progressing well....More
  • Newswire

    Green Vehicles Grow Profits for China's BYD 29%  

    The automaker reports an 18% rise in revenues and a 29% spike in first-half profits driven largely by higher sales of its hybrid and electric vehicles....More
  • Newswire

    Volvo First-Half Profit Up 71%  

    The Swedish subsidiary of Chinese automaker Geely is maintaining its full-year forecast of nearly 500,000 cars, with gains in Europe and the U.S. offsetting a slowdown in China....More
  • Newswire

    Fiat Spinoff Boosts FCA's Fortunes  

    Rising sales and profits, and successful new products, have improved the automaker's share value going back to last year, but some analysts predict a backslide when the Ferrari spinoff is completed....More
  • Newswire

    Tesla Hikes Share Offering to $642.5 Million  

    The electric-vehicle maker says it will offer 2.7 million shares valued at $642.5 million, nearly 30% higher than the $500 million sale announced Thursday....More
  • Newswire

    UPDATE 3-Musk to invest $20 mln in Tesla's $500 mln share sale  

    (Adds Breakingviews link) By Sagarika Jaisinghani and Arunima Banerjee Aug 13 (Reuters) - Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company's $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash. Tesla said on Thursday it would use the proceeds from the sale to help fund its upcoming Model 3 project and its battery gigafactory in Nevada. (
  • Newswire

    Tesla Founder Musk Promises Profitability by 2016  

    The electric-vehicle maker's CEO has set a first-quarter 2016 deadline, less than a year and a half from now, for Tesla to become profitable enough to expand both its product lineup and its electric-power-storage enterprise....More
  • Newswire

    UPDATE 2-Tata Motors cuts sales, production targets for JLR in China  

    * To cut price of China-made Range Rover Evoque by 5-6 pct * JLR inventory in China up to 10,000 vehicles * Strong JLR sales, mainly in China, has long helped Tata (Adds CFO comments, details on China car market) By Aman Shah and Aditi Shah MUMBAI/NEW DELHI, Aug 7 (Reuters) - India's Tata Motors Ltd has cut prices, sales and production targets at its luxury Jaguar Land Rover (JLR) arm in China, a top executive said, as it struggles with high inventories in a slowing market....More
  • Newswire

    Parts Maker Magna Reports Q2 Earnings Drop  

    The Canadian supplier raised its full-year operating margin forecast despite slightly lower second-quarter earnings brought on by a strong U.S. dollar....More
  • Aug 6, 2015

    The World According to Tesla 2

    If you work at Tesla, which is valued at about $25 billion and sells just one very good luxury car, the possibilities must seem limitless....More
  • Newswire

    Seatbelt Maker Takata Manages Q1 Net Profit  

    The supplier, whose potentially defective airbag inflators prompted a global recall of millions of vehicles, says the quarterly improvement resulted from higher sales in the U.S., India and Southeast Asia....More
  • Newswire

    UPDATE 3-BMW says worsening Chinese market could hit year's profit forecast  

    * BMW says change to outlook cannot be ruled out * Q2 EBIT down 3 pct in line with forecasts * Shares down 1.8 percent (Adds CFO comment on China outlook) By Edward Taylor FRANKFURT, Aug 4 (Reuters) - BMW, the world's biggest luxury carmaker, warned on Tuesday that its financial forecasts for this year could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade....More
  • Newswire

    UPDATE 3-Volkswagen lowers sales goal as China growth slows down  

    * FY sales forecast lowered to flat from a moderate rise * VW expects China sales growth to grind to halt * Operating profit rises in Q2 * Keeps FY profit, revenue forecasts * Grappling with "fierce competition" -CFO (Adds China sales and profit estimate, analyst comment) By Andreas Cremer...More
  • Newswire

    GM Investing $1 Billion in India  

    The $1 billion investment is designed to turn GM India into a global auto-production and export hub serving rapidly growing emerging markets....More
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