Annual and Special Corporate MeetingsGM share sale highlights U.S. auto revival as an economic pillar 9:13 am U.S. ET | June 6, 2013  The Obama administration's decision to sell more of its stake in General Motors underscores the resurgence of a domestic auto industry that emerged from near-collapse to become a pillar of economic growth.... Read More »
'Affordable' Tesla to arrive in late 2016 9:20 pm U.S. ET | June 4, 2013  Tesla Motors will launch its smaller electric sedan in late 2016, with a range of at least 200 miles and a price point "half" of the flagship Model S, Tesla CEO Elon Musk said.... Read More »
BMW seeks third straight sales record as new models offset weak EuropeMay 14, 2013 10:49 CET  BMW stuck to its goal of setting a sales record for the third consecutive year as new models help offset a slump in Europe.... Read More »
Daimler likely to cut 2013 outlook on weak EuropeApril 10, 2013 09:34 CET  Daimler is likely to cut its 2013 profit outlook when it reports first-quarter earnings later this month amid weak demand, especially in Europe. "Not much tailwind is anticipated from the markets in the coming months. For Europe in particular, there are no signs of a trend reversal," CEO Dieter Zetsche said.... Read More »
AUTOMAKERS Fiat says it may need capital hike after Chrysler buyoutApril 9, 2013 15:34 CET  Fiat's loss-making European operations will be further weakened by the region's drawn-out auto slump, CEO Sergio Marchionne warned, adding that the carmaker may need to raise capital after it completes a planned buyout of Chrysler.... Read More »
VW patriarch Piech's wife up for election to Audi boardApril 8, 2013 18:18 CET  Volkswagen Chairman Ferdinand Piech's wife looks set to join the supervisory board of Audi in a move by the controlling Piech-Porsche family to solidify its sway over Europe's biggest carmaker.... Read More »
GM board will meet in Germany to review Opel's progressApril 4, 2013 13:19 CET  General Motors' board will hold its quarterly meeting in Germany next week as the U.S. carmaker examines the efforts of its Opel/Vauxhall unit to become profitable. GM's European operations have lost $18 billion since 1999, but the U.S. carmaker is expecting the division to break even by 2015.... Read More »
LUCA CIFERRI BMW, Audi show off rival visions 12:01 am U.S. ET | April 2, 2013  The escalating rivalry among Germany's premium automakers was fully on show at the annual financial results conferences of Audi and BMW.... Read More »
LUCA CIFERRI BMW, Audi show off rival visions 12:01 am U.S. ET | April 2, 2013  The escalating rivalry among Germany's premium automakers was fully on show at the annual financial results conferences of Audi and BMW.... Read More »
Audi grapples with stagnant profit due to Europe slumpMarch 12, 2013 11:47 CET  Audi aims for a "slight" increase in revenue this year after Europe's slumping market hit the brand's 2012 earnings. Audi forecasts higher deliveries this year on demand for the new A3 Sportback and the A3 sedan, which targets American and Chinese buyers.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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