Nissan CEO Ghosn's pay tops $9 million for second yearWed, 22, Jun 2016
Nissan CEO Carlos Ghosn received a 3.5 percent pay rise to take his total compensation to more than $9.58 million for the second straight year after the automaker's profit climbed to a record.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
VW's long-term strategy calls for 30 new EVs, components realignmentThu, 16, Jun 2016
Volkswagen plans to introduce more than 30 electric vehicles by 2025 as it recasts itself to emerge from its diesel emissions-cheating scandal. The automaker also said it will realign its components production as part of a strategy review that targets an operating return on sales of 7 percent to 8 percent by 2025.
Mitsubishi reportedly used improper mileage data for other modelsWed, 15, Jun 2016
Mitsubishi used improper fuel economy data for additional models that are no longer being sold and plans to report on the matter soon to Japan's transport ministry, local media reported today. The automaker admitted in April to overstating the fuel economy on four vehicles, including two produced for Nissan.
VW's controlling clan to discuss whether to block dividend, report saysTue, 14, Jun 2016
Porsche SE, which controls Volkswagen Group, will hold a board meeting on Monday to discuss its strategy for VW's annual meeting and may decide to block its plans to pay a dividend, Reuters reported.
Audi expects to keep profit target despite plant, model costsWed, 01, Jun 2016
Audi expects to keep profitability high this year even as spending on factories and new models weigh on earnings. The brand will launch its new Q2 this year and its new plant in Mexico is due to start building the Q5 in September.
VW brand aims for 2% margin this year despite diesel scandalWed, 01, Jun 2016
VW Group's core brand, which has been badly hit by costs related to the automaker's emissions scandal, aims for an operating margin of 2 percent this year before charting a course to a longer-term goal of 6 percent.
Strong Jaguar Land Rover helps to triple Tata Motors quarterly profitTue, 31, May 2016
Tata Motors posted a threefold rise in quarterly net profit, lifted by strong sales at its Jaguar Land Rover unit and higher demand for its trucks in India.
VW Group profit rises 3.4% despite steep plunge at core brandTue, 31, May 2016
VW Group's profit rose 3.4 percent in the first quarter, although profit at the core VW brand plunged 86 percent, highlighting the challenge the carmaker faces in emerging from the nearly 9-month-old emissions cheating scandal.