Ferrari Chairman Luca Cordero di Montezemolo has lived through many highs and lows, both on the racetrack and at the office. Times are good now. Last year, the automaker had record sales of 7,318 supercars and an operating margin of 14.4 percent.
GM will discuss labor woes in South Korea with the country's president, the automaker's CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its work force in the country. GM makes most of the Chevrolet vehicles it sells in Europe in Korea.
TRW will boost production at a new eastern European factory on growing demand from Audi and other automakers. The U.S. supplier plans a fivefold output boost at a steering wheel leather wrapping plant in Baia Mare, Romania, that opened in January.
Audi sales rose 7 percent in April to 133,500 vehicles on strong demand in China and the United States, pushing four-month sales to 503,000. It is the first time that Audi has topped a half million deliveries in just four months, the automaker said Tuesday.