More in Management & Strategy

  • Newswire

    UPDATE 3-VW looks to cutbacks and electric cars to overcome scandal  

    * To cut investment plans by 1 bln euros a year at VW brand * To speed up cost cutting at VW brand division * To focus more on electric, hybrid vehicles (Adds detail on electrical vehicles strategy, background) By Andreas Cremer and Jan Schwartz...More
  • Oct 13, 2015
    blog

    Can U.S. Automakers Compete? 1

    Toyota has created a new class of stock that locks shareholders into holding their certificates for at least five years. Toyota says it needs a financial instrument that will allow it to fund long-term investments that won’t pay off for years. How will U.S.-based automakers compete against that?...More
  • Newswire

    Former Exec at Chinese Automaker FAW in Bribery Probe  

    Zhang Xiaojun is suspected of taking bribes while servibng as an executive vice president in the Audi sales division at the FAW-Volkswagen joint venture....More
  • Newswire

    UPDATE 2-Ferrari needs more than racy market debut to stay ahead  

    * Ferrari's enterprise value seen at up to $12 bln * Wall Street debut in late October, spin-off due 2016 * Brand strength helps valuation but growth concerns remain (Adds details, analyst, rewrites throughout) By Agnieszka Flak MILAN, Oct 12 (Reuters) - Ferrari is being launched as a luxury stock for its Wall Street debut but may struggle to justify such a valuation in the long run given its profit margins and the investment needed to put its prancing horse logo on other products....More
  • Newswire

    Winterkorn Reported Quitting All VW Posts  

    German media report Winterkorn, who quit as CEO last month after VW admitted cheating on U.S. diesel-emissions tests, also will step down as CEO of Porsche and chairman of Audi....More
  • Newswire

    Volkswagen Pledges €4.2 Billion Investment in Spain  

    The German automaker, rocked by a scandal over falsified emissions tests, will invest billions of euros over five years at its VW-and SEAT-brand factories in Navarra and Martorell, respectively....More
  • Newswire

    UPDATE 1-Fiat Chrysler Workers Skeptical of New UAW Deal's Impact on Wages  

    Some workers complained that the first tentative deal put more of a burden on them and treated retirees unfairly, but the biggest bone of contention was over wages....More
  • Newswire

    UPDATE 4-Fiat Chrysler, U.S. union UAW reach tentative agreement, averting strike  

    * UAW Chrysler Council will meet on Friday to vote on agreement * Tentative contract was rejected by union members last week * Talks went down to the midnight deadline (Adds reaction to tentative deal, UAW member comments, background) By Bernie Woodall and Nick Carey...More
  • Newswire

    CORRECTED-UPDATE 5-VW plays down hopes of quick answers over emissions cheating  

    (Corrects paragraph 8 to show that VW has withdrawn its certification application, not a software feature) * Supervisory board discussed internal inquiry into scandal * US senators investigating VW over federal tax credits * US chief to testify before lawmaker panel on Thursday By Andreas Cremer...More
  • Newswire

    Fiat Chrysler, U.S. Union UAW at Table as Strike Looms  

    The U.S. union on Tuesday called for a strike against Fiat Chrysler's U.S. operations at 11:59 p.m. ET unless a new agreement on a 4-year contract is reached or there is movement toward one....More
  • Newswire

    UPDATE 1-Renault-Nissan Discuss New Structure to Counter French Control - Nikkei  

    Japan's Nikei says a plan being floated is for Renault to lower its stake in Nissan below 40% from the current 43.4%, a move that would, under French law, allow the Japanese partner's stake in Renault to carry voting rights....More
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