More in Management & Strategy

  • Newswire

    Renault Expanding Argentina Production  

    The French automaker will invest $100 million in its Santa Isabel plant to begin assembling Logan and Sandero models next year for sale in Europe under the entry-level Dacia brand....More
  • Newswire

    Apple Wants Battery Maker's Lawsuit Quashed  

    Apple and five former A123 Systems engineers were sued in February by the battery maker, which accuses the technology titan of hiring engineers who could contribute to development of an electric car....More
  • Newswire

    UPDATE 2-Audi sees lower profitability as invests to catch BMW  

    * 2015 profit to show impact of "extensive expenditure" -CFO * Audi targets 2015 sales record, expects to outpace markets * Sees "moderate" sales rise after 2014 record 53.8 bln eur (adds comments from analyst, R&D boss) By Andreas Cremer INGOLSTADT, Germany, March 10 (Reuters) - Audi's profit margins could fall again this year as it invests in its drive to overtake German rival BMW as the world's biggest seller of luxury cars, it said on Tuesday....More
  • Newswire

    Kia Plans Expansion Into Mexican Market  

    The Korean automaker will begin selling Forte, Sorento and Sportage models in Mexico this summer ahead of next year's opening of its first assembly plant in the country....More
  • Newswire

    Short of Sales Target, Tesla Cuts China Jobs  

    The U.S.-based electric-vehicle maker says the job cuts are part of a restructuring plan announced earlier this year, but does not comment on a newspaper report saying 180 of its 600 China positions have been eliminated....More
  • Newswire

    Affluent Koreans Aspire to Luxury Cars Niche Above German Brands  

    German brands such as Mercedes and BMW are too commonplace for wealthy, younger Koreans turning to even higher-end marques including Bentleys and Maseratis....More
  • 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

    Ford Romania Plans About 500 Layoffs  

    The automaker says it has reached an agreement with unions representing workers at the Craiova plant to reduce the work schedule, allowing it to reduce this year's planned layoffs from 680 to about 500....More
  • Newswire

    VW Raises German Workers' Pay, Pensions  

    The contract expiring May 31, 2016 gives some 115,000 IG Metall union members at VW's six Western Germany factories a 3.4% pay raise and the automaker also will pay into a staff pension account....More
  • Newswire

    BMW: Car Not Among Fruits of Discussions With Apple  

    The German automaker, denying a published report it is discussing developing or building a car with Apple, says the U.S. tech giant is just one of the companies with which it holds regular talks on topics such as connected vehicles....More
  • Newswire

    Continental Would Partner With Apple on Possible Car, CEO Says  

    Continental chief executive Elmar Degenhart says the German automotive supplier "would be interested" in collaborating with Apple should the U.S. tech juggernaut decide to build a vehicle....More
  • Newswire

    Toyota's New Executive Hires Reflect Diversity  

    Newly promoted executives include Julie Hamp and Christopher Reynolds, respectively the first woman and African-American to hold the title of managing officer....More
  • Newswire

    BMW Chief Sees Rough Road Ahead for Successor  

    Norbert Reithofer says at the Geneva Auto Show that current BMW production chief Harald Krueger will be challenged by continued development of electric cars and new technologies such as automated driving from companies with no car-building experience....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
  • Newswire

    Audi Reconnecting With Electric Sports-Car Development  

    The R8 e-tron unveiled at the Geneva Auto Show marks the luxury brand's revived interest in high-end electric vehicles such as those being marketed by Tesla and German rival BMW....More

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