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  • 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
  • Newswire

    UPDATE 1-Nissan lifts profit guidance on forex windfalls, cost cuts  

    * Sees FY op profit of 570 bln yen vs previous forecast 535 bln * Q3 op profit 156 bln yen vs 121 bln yen analyst view * Q3 op profit margin 5.3 pct, still off 8 pct goal (Adds company comment, U.S. discounts, margins, graphic) By Chang-Ran Kim YOKOHAMA, Feb 9 (Reuters) - Nissan Motor Co lifted its annual earnings forecast on Monday, expecting its highest operating profit in seven years due to favourable currency movement and further cost cuts....More
  • Newswire

    UPDATE 1-Daimler's Q4 adj. EBIT up on Mercedes sales gains  

    * Daimler says sees higher sales, EBIT in 2015 * Daimler proposes dividend of 2.45 euros a share * Q4 return on sales at Mercedes-Benz Cars 8.7 pct (Recasts, adds CEO, analyst comment, details on dividend) STUTTGART, Feb 5 (Reuters) - Daimler said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it reported a 10 percent jump in fourth-quarter operating profit....More
  • Newswire

    Smaller Japanese Automakers Ride Exchange Rollercoaster  

    Mazda says it will be profitable this year despite the weak Russian ruble cutting into European revenue, while Subaru maker Fuji cites the yen's weakness against the dollar in raising its profit forecast....More
  • Newswire

    GM Ignition Victim Fund Officials Expect More Claims  

    Compensation fund officials have approved 51 claims for deaths and injuries related to defective ignition switches in older GM cars, and that number "absolutely" will rise, deputy administrator Camille Biros says....More
  • Newswire

    Takata Airbag Recalls Cut Into Honda Profit Forecast  

    The automaker is scaling back its core profit forecast 6.5% to ¥720 billion for the year ending March 31 as it sets aside an extra ¥50 billion to cover recalls of cars equipped with faulty Takata airbag....More
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