VW plans $40M parts warehouse, distribution center in Tenn.

1:32 pm U.S. ET | March 13, 2012
Volkswagen Group of America plans to invest $40 million to build a warehouse in Roane County, Tenn., to distribute domestic auto parts for the Passat sedan made at VW's plant in Chattanooga.... Read More »


Daimler fourth-quarter profit grows 39% on strong Mercedes sales

Feb. 9, 2012 08:58 CET
Daimler reported a 39 percent increase in fourth-quarter profit, boosted by demand for the revamped Mercedes M- and C-class models. Earnings before interest and taxes gained to 2.18 billion euros ($2.9 billion) from 1.56 billion euros a year ago, the automaker said.... Read More »


Ghosn says Japan should defend auto industry from strong yen

Nov. 29, 2011 12:49 CET
Nissan CEO Carlos Ghosn reiterated a call for the Japanese government to help the automotive industry, saying that a strong yen is making the country's carmakers uncompetitive.The yen, which reached a post-World War II record last month, has gained more than 9 percent in the past six months, reducing carmaker's profits and export strength.... Read More »


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