Spending

BMW targets significant profit gain lifted by new models

March 19, 2014 12:43 CET
BMW Group forecasts ''significant'' gains in 2014 profit as new models like the 4-series Gran Coupe and i8 plug-in hybrid sports car propel record deliveries.... Read More »

 

Ford of Europe chief sees replacement demand driving car sales in 2014

Jan. 14, 2014 15:28 CET
Ford of Europe chief Stephen Odell said new-car sales in the automaker's 19 main European markets may rise almost 6 percent this year as customers replace aging vehicles.... Read More »

 

Audi will increase spending on new models, plants to catch BMW, report says

Dec. 18, 2013 15:56 CET
Audi will increase spending on new models, plants and technology in coming years as the carmaker steps up efforts to catch BMW, sources said.... Read More »

 

VW shields product-based spending from cost cuts

Nov. 22, 2013 13:57 CET
Volkswagen will keep spending on upgrading and expanding its range of models in the years ahead, despite lowering planned investment in other areas to offset rising costs.... Read More »

 

VW quarterly profit advances 20% as automaker cuts spending

Oct. 30, 2013 10:19 CET
VW Group reported a 20 percent increase in third-quarter operating profit as the automaker focused on cutting costs to boost earnings.... Read More »

 

Porsche plans 2014 profit gain as Macan joins 918 in lineup

Oct. 8, 2013 11:19 CET
Porsche said profit growth is likely to resume in 2014. Porsche's 18% return on sales makes it one of the world's most profitable automakers.... Read More »

 

Jobless Parisians mean fewer car sales in French market slump

July 26, 2013 06:01 CET
With unemployment in France rising and consumer confidence at a record low, auto sales in the country have tumbled more than any other major European market this year.... Read More »

 

Advertisers stay glued to screens

12:01 am U.S. ET | July 8, 2013
The top 10 automaker advertisers continued their rapid shift to new forms of digital advertising last year, plowing $5.82 billion into so-called unmeasured advertising, a category that includes search-engine marketing, online videos and social media, according to Advertising Age's annual list of the 100 Leading National Advertisers. That was up 34 percent from 2011.... Read More »

 

PSA denies report of share sale to raise capital

May 29, 2013 13:19 CET
PSA has denied a French newspaper report that said it was planning to sell new shares to raise capital. The automaker says it is committed to reducing its cash-consumption rate 50 percent in 2013 and reaching the break-even level by 2014 after burning through 3 billion euros ($3.87 billion) last year.... Read More »

 

VW keeps targets after first-quarter profit falls 26%

April 24, 2013 12:04 CET
Volkswagen is sticking to its goal to match last year's record operating profit and vehicle sales after first-quarter profit dropped 26 percent on falling demand in Germany and heavy spending on new vehicles.... Read More »

 

GM will invest 230 million euros to expand Opel test facilities

April 24, 2013 13:19 CET
General Motors will invest 230 million euros ($299 million) on test facilities for Opel as part of its effort to break even in Europe by 2015.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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