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  • Newswire

    Ford CEO Mulally 2013 Performance Bonus Totals $13.8 Million  

    The Ford CEO received a 2013 bonus in the form of restricted stock and now owns common stock in the automaker worth $96.9 million....More
  • Newswire

    UPDATE 2-Tesla to raise $1.6 bln to build battery factory  

    By James B. Kelleher Feb 26 (Reuters) - Tesla Motors Inc said on Wednesday it plans to raise $1.6 billion from investors to finance a new battery factory that will help the upstart U.S. automaker reach its goal of producing a lower-priced, mass-market electric car by 2017....More
  • Newswire

    VW Cuts Workers' 2013 Bonuses Amid Shrinking European Car Market  

    The automaker cites last year's 3.9% year-on-year sales decline in Western Europe for scaling back workers' 2013 bonuses to €6,200 from €7,200 for 2012 and €7,500 for 2011....More
  • Newswire

    Visteon Q4 Profit Exceeds Analysts' Forecasts  

    Bolstered by a $465 million gain related to the sale of its stake in a Chinese joint venture, the auto-parts maker reported net income of $10.32 a share for the quarter, compared with 74 cents a share prior-year....More
  • Newswire

    UPDATE 2-GKN sees more growth this year, warns of dollar impact  

    * FY underlying profit 578 mln stg vs 565 mln forecast * Says currency headwinds could affect 2014 results * CEO sees acquisition of U.S. wing factory as 'logical' * Shares down more than 2.0 pct By Sarah Young LONDON, Feb 25 (Reuters) - Britain's GKN said on Tuesday it could cope with the impact of a weak dollar versus the pound after reporting a 17 percent rise in 2013 profits and forecasting strong demand for car and airplane parts....More
  • Newswire

    UPDATE 3-Tesla gives strong 2014 outlook, shares jump 12 percent  

    * Green car maker to deliver 35,000 Model S vehicles in 2014 * Gross margins to rise to 28 pct in 2014 from about 25 pct * To begin volume deliveries of Model X in spring of 2015 (Adds executive comments on upcoming battery factory) By Nichola Groom Feb 19 (Reuters) - Tesla Motors Inc, led by billionaire entrepreneur Elon Musk, posted better-than-expected fourth-quarter results on Wednesday and said deliveries of its luxury Model S electric sedan would surge more than 55 percent this year....More
  • Newswire

    Loss-Making PSA Announces Financing Deal With Dongfeng  

    The Chinese automaker and the French government will buy a 14% stake in PSA Peugeot Citroen, which announced a net loss of €2.32 billion for 2013 compared with €5.01 billion prior-year....More
  • Newswire

    Chrysler Bid for Canadian Subsidies for Van Plant in Low Gear  

    Sergio Marchionne, CEO of Fiat Chrysler Automobiles, says the automaker and the government are "over 50%" of the way toward agreement on incentives targeting upgrades to two Ontario factories....More
  • Newswire

    Canada May Offer Subsidy to Save Ontario Chrysler Plant  

    Word of the possible subsidy emerged after Fiat Chrysler Automobile CEO Sergio Marchionne said the automaker might not upgrade its Windsor, Ontario, Canada, van plant without government help....More
  • Newswire

    Deal Between PSA, Dongfeng Developing, Sources Say  

    Sources say the French and Chinese automakers will maintain their existing joint venture, adding both R&D capability and a greater presence in Southeast Asia markets....More
  • Newswire

    Fiat's Russian van project delayed-sources  

    By Gleb Stolyarov MOSCOW, Feb 11 (Reuters) - Italian carmaker Fiat SpA's plan to assemble its Ducato van in Russia has been put on hold due to a contractual dispute with its Russian partner, two sources close to the matter said. Many western carmakers have invested heavily in recent years in Russia, which had been expected to overtake Germany as Europe's biggest market, but Russian car and van sales have been falling as the economy faltered and are expected to remain weak this year....More
  • Newswire

    New GM CEO Barra to Earn $14.4 Million in 2014  

    The auto industry's first female chief executive will receive 60% more in compensation than her predecessor....More
  • Newswire

    Tata Motors Q3 Net Profit Triples on Jaguar Land Rover Sales  

    JLR sold a record 425,006 cars and SUVs in 2013 in countries including Brazil, China, India and the U.S....More
  • Newswire

    French Negotiators in Final Peugeot Mission to China - Sources  

    The final push for an agreement, due to be presented to the French car maker's board on Feb. 18, follows public discord among members of the founding Peugeot family and protests from minority shareholders over the planned capital increase....More
  • Newswire

    Daimler Sees New Compact Cars, S-Class Limo Lifting Performance  

    The launch of a rejuvenated range of models including a C-Class sedan, the CLA compact coupe, the A and B-Class compact hatchbacks and the top-of-the line S-class limousine puts Daimler in a sweet spot to raise profitability, CEO Dieter Zetsche says....More
  • Newswire

    American Axle's Quarterly Revenue Rises 13%  

    The auto supplier reported net income of $29.8 million, or 39 cents per share, for the fourth quarter....More
  • Newswire

    Ferrari Says Will Not Move Brand to Netherlands  

    "Ferrari has been based in Maranello since 1947 and will remain there with its cars and its brand," the automaker says in a statement....More
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