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 facilitiesApril 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 »
SUPPLIERS Autoliv seeks acquisitions to expand in high-tech car safetyMarch 27, 2013 13:54 CET  Swedish supplier Autoliv says it is keen to expand its car-safety business through the acquisition of high-tech active technology that help vehicles avoid accidents.... Read More »
EURO ZONE CRISIS Chill in car sales spreads to northern EuropeMarch 27, 2013 11:15 CET  Dealers in northern Europe are feeling the chill after a slump in new-car sales spread to countries such as Germany, the Netherlands and Sweden. The outlook is grim for some markets that had until now escaped the worst of the euro zone debt crisis.... Read More »
COMPANY EARNINGS BMW forecasts flat 2013 profit on Europe declineMarch 19, 2013 11:34 CET  BMW forecast unchanged 2013 pretax profit as European auto sales drop and the automaker increases spending to bring out 25 new models in the next two years. Pretax profit climbed 6 percent to 7.82 billion euros ($10.1 billion) in 2012.... Read More »
Marchionne to outline plans to build Jeeps, Fiat SUVs in Italy, report saysDec. 13, 2012 08:34 CET  Fiat CEO Sergio Marchionne will soon give details of his plans for the production of Jeeps and Fiat SUVs at the automaker's factory in Melfi, Italy, sources said.... Read More »
Audi keeps profit goal despite third-quarter profit declineOct. 30, 2012 11:13 CET  Audi aims to match last year's operating profit of 5.35 billion euros ($6.92 billion) in 2012 despite falling profit in the third quarter.... Read More »
Italians give up Ferraris, Maseratis as austerity measures biteAug. 15, 2012 06:01 CET  The 204,000 euro Ferrari 458 Italia has never been a particularly common sight, even on the autostrade of its native Italy. Today, it's becoming even rarer as austerity measures drive Ferrari owners to export their supercars by the truckload.... Read More »
Fiat declines to give clues on new investmentsAug. 2, 2012 07:34 CET  Fiat declined to give any details on its future investments because of the economic downturn and slumping car sales in Europe.... Read More »
Volkswagen profit growth slows on European market's slumpJuly 26, 2012 10:19 CET  Volkswagen Group reported slowing earnings growth as the impact of the sovereign debt crisis weighed on demand in its home region.... Read More »
PSA cut by 3 main ratings services due to cash burnJuly 26, 2012 09:34 CET PSA was lowered to two levels below investment grade by all three main rating services over the automotive division's widening losses and continued cash burn.... Read More »
Chevrolet signs on as Manchester United's auto sponsorMay 31, 2012 09:30 CET  General Motors has signed on as the automotive sponsor of the world's most popular soccer club, Manchester United, in an attempt to cement Chevrolet as a global brand. The brand will replace Audi as the team's automotive sponsor.... Read More »
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