More in Management & Strategy

  • Newswire

    UPDATE 2-Toyota flags 3rd year of record profit on strong US sales, cost cuts  

    * Sees FY net profit up 3.5 percent to nearly $19 bln * N. America sales seen up 4.8 pct; globally to drop 0.8 pct * Q4 net profit up 50 percent; last FY net profit up 19 pct (Recasts, adds president comment, Q4 results) By Chang-Ran Kim TOKYO, May 8 (Reuters) - Toyota Motor Corp said it will crank net profit up to a third straight record this year as cost cuts and rising U.S. sales offset weaker business elsewhere, building on bumper earnings last year powered largely by foreign-exchange gains....More
  • Newswire

    UPDATE 2-Troubled air bag maker Takata says to return to profit in 2015/16  

    * Takata sees 7 bln yen for recall related costs in FY 2015 * Air bag maker says cannot estimate potential costs of lawsuits * Takata: External investigation into air bags continuing (Adds Takata CFO comments, background) By Mari Saito TOKYO, May 8 (Reuters) - Japan's Takata Corp said it expects to return to profit this financial year on higher Asian and U.S. sales, but the troubled company made few provisions for possible costs related to a massive global recall of its exploding air bags....More
  • May 7, 2015
    blog

    We Lose by Waiting on Autonomous Cars 4

    Automakers are waiting for someone to tell them who is going to be held liable if a self-driving car crashes. They will be liable. Start figuring out how to deal with it....More
  • Newswire

    Auto Supplier Visteon's Q1 Profit Increases  

    The auto-parts manufacturer reports net first-quarter income of $50 million, or $1.10 a share, compared with $19 million, or $0.38 a share, a year earlier....More
  • Newswire

    VW Acting to Quickly Hire Piech Successor, CEO Says  

    Chief Executive Martin Winterkorn, whose public clash with Ferdinand Piech resulted in Piech's departure as chairman last month, says top management has achieved clarity on future strategy....More
  • Newswire

    Russia to Protect Foreign Automakers From Ruble Fluctuation  

    Industry sources tell a Russian newspaper the government will act to reduce the risk of ruble fluctuations to foreign automakers that have localized production in the country....More
  • Newswire

    Aggressive Investment Cuts Into Audi's Profit Margin  

    The Volkswagen-owned luxury automaker's first-quarter operating profit rose 8.2%, but new-product investment, overseas expansion and technology trimmed its operating margin to 9.7% from 10.1% year-ago....More
  • Newswire

    Workers Back VW's Choice of Two New Board Members  

    Leaders of VW's works council, which holds 10 of the 20 seats on the supervisory board, support the automaker's choice of Louise Kiesling and Julia Kuhn-Piech, whose appointments are being challenged by their uncle, just-departed former Chairman Ferdinand Piech....More
  • Newswire

    UPDATE 2-VW, Piech clash on board appointments ahead of AGM  

    * VW installs new board members ahead of May 5 AGM * Piech challenges VW's board choices -Bild * VW, Piech's office, Porsche SE, IG Metall decline comment (Adds Bild report and background) By Andreas Cremer and Jan Schwartz BERLIN, April 30 (Reuters) - Volkswagen and newly departed chairman Ferdinand Piech clashed again on Thursday over supervisory board appointments, causing new strains at the carmaker ahead of what is likely to become a tense shareholder meeting next Tuesday....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares extend losses after CEO's consolidation call  

    (Adds details, Ford comments, analysts, updates shares) By Agnieszka Flak MILAN, April 30 (Reuters) - Milan-listed shares in Fiat Chrysler Automobiles (FCA) fell to a 10-week low on Thursday, a day after its chief executive called for large-scale industry consolidation. Sergio Marchionne on Wednesday renewed his plea for shrinking the number of players in the global auto sector to sustain the heavy capital investments needed to meet demands for cleaner, safer vehicles....More
  • Newswire

    RPT-UPDATE 2-Honda forecasts flat profit this year as quality fixes weigh  

    (Repeats to fix formatting, no change to text) By Chang-Ran Kim TOKYO, April 28 (Reuters) - Honda Motor Co forecast on Tuesday a scant 0.4 percent rise in net profit for the year that began on April 1, saying higher quality-related costs and currency losses would offset gains from vehicle sales growth....More
  • Newswire

    GM Expects to Halt Venezuela Production in July  

    The automaker, which builds four vehicles and employs 3,000 people in Venezuela, is the latest U.S. corporation acting to protect its profits against the country's currency fluctuations....More
  • Newswire

    Fiat Chrysler Q1 operating profit weighed by Brazil weakness  

    MILAN, April 29 (Reuters) - Fiat Chrysler Automobiles on Wednesday reported slightly lower-than-expected first-quarter operating profit, as strong performance in North America was partially offset by continued weak conditions in Latin America. The company confirmed its full-year guidance....More

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