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  • Newswire

    Opel Sees Parent GM as Key to Return to Profitability  

    Chief Executive Karl-Thomas Neumann says Opel and sister brand Vauxhall will focus on smaller cars sharing more components with other GM products in their drive to become Europe's No.2 passenger-car maker by 2022....More
  • Newswire

    India's Tata Motors Issues Bearish Fiscal 2014 Forecast  

    The Indian automaker cites a weakening economy, flagging consumer sentiment, increased competition and high interest rates in predicting "inadequate" profit at best for the fiscal year ended March 31....More
  • Newswire

    UPDATE 2-Agnelli family holding company Exor seeking big new investments - CEO  

    * Plans to spend at least 1 bln euros each on 2 investments * Says likely to be in services sector, but in no rush * Seeking global firms, has 2.8 bln euros in cash * Says FCA five-year investment plan "not unrealistic" (Adds value of potential investment, closing shares) By Agnieszka Flak...More
  • Newswire

    Panasonic Evaluating Tesla Battery-Manufacturing Plans  

    The Japanese electronics manufacturer, the primary supplier of lithium-ion batteries to the U.S. electric-vehicle maker, says the size of its investment in Tesla's planned battery factory will depend on division of responsibilities and the size of its ownership stake....More
  • Newswire

    Saab's Chinese Owner Halts EV Production  

    National Electric Vehicle Sweden, the Chinese company developing an electric version of the Saab after buying the bankrupt Swedish automaker, blames the shutdown on a lack of cash to pay outstanding debt....More
  • Newswire

    Fiat Investing $773 Million in Polish Facilities  

    The auto maker will upgrade production lines and invest in new technology by the end of 2017 as it prepares to launch production of a new model built primarily for export....More
  • Newswire

    Peugeot Family Keeping Long-term PSA Stake  

    Robert Peugeot, head of the FFP family holding company, says the family has no intention of shedding its interest in the automaker, which recently was reduced to 14.1%....More
  • Newswire

    Hyundai America to Appeal $248 Million Damage Award  

    A Montana jury awarded $8 million to the families of two boys killed in a 2011 crash involving an allegedly defective Hyundai car, plus $240 million in punitive damages, but the automaker denies, responsibility, contending exploding fireworks in the car caused the driver to lose control....More
  • Newswire

    Renault-Nissan Navigating Rough Russian Road  

    CEO Carlos Ghosn says despite Russia's floundering vehicle market, which could contract further if the Ukraine crisis worsens, the automaker has "absolutely no concern for mid- and long-term growth prospects."...More
  • Newswire

    Family That Settled With GM Over Fatal Defect Sues Again  

    The Georgia couple accuses the automaker of concealing key evidence in their original lawsuit in the death of their daughter in a crash linked to a defective ignition switch....More
  • Newswire

    Chrysler Reports Q1 Loss on Fiat Merger Costs  

    The Auburn Hills, Mi-based automaker, a unit of Fiat Chrysler Automobiles, reports a $504 million non-cash charge mainly accounted for its first-quarter loss of $690 million, but expects net 2014 revenues of $80 billion....More
  • Newswire

    Nissan Profit Projection Falls Short of Analyst Estimates  

    The Japanese automaker's net profit for the three months ending March 31 was ¥114.9 billion, exceeding analysts' ¥97.1 billion estimate, but the 4.1% rise in expected profits this year falls short of the analysts' projections....More
  • Newswire

    Toyota Says Sustaining Record Profits Unlikely This Year  

    The automaker says the recent sharp depreciation of the yen likely will curtail exports, which drove net profits 90% above prior-year in the financial year that ended March 31....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares tumble on strategic plan doubts  

    * Shares briefly suspended after falling more than 9 pct * Q1 loss underscores challenges ahead for Fiat Chrysler * Analysts question funding, some see capital increase (Adds analyst comments, share suspension) By Stefano Rebaudo and Laurence Frost MILAN/PARIS, May 7 (Reuters) - Fiat Chrysler shares fell sharply on Wednesday as analysts questioned whether it could achieve the targets of Chief Executive Sergio Marchionne's new strategy for the carmaker - and how the plan would be funded....More
  • Newswire

    UPDATE 2-BMW investment in new models to lift 2014 profit  

    * BMW Q1 vehicle sales of Rolls Royce, Mini and BMW cars reach new record * Automotive EBIT margin was 9.5 pct vs 9.9 pct * Q1 car sales up 25 percent in China, down 1.4 pct in Germany * BMW branded car sales help offset a 12.5 percent dip at Mini (Adds analyst and CFO comment) By Edward Taylor...More
  • Newswire

    Parts Shortages Halt Ford Venezuela Operations  

    Employees at the plant in Valencia say operations will be shut down through May because foreign-currency shortages are curtailing imports of parts....More
  • Newswire

    GM Bailout Cost Taxpayers $11.2 Billion  

    A new Treasury Dept. report says the $11.2 billion the government lost on its bailout of the automaker was more than the $10.3 billion estimated when it shed the last of its GM shares in November....More
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