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 »


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