Skoda may be one of the most successful brands in VW Group's sprawling empire as it posts record sales and profits, but the automaker must balance ambitious growth plans with the pay demands of Czech workers in its two overstretched factories.
Elon Musk, barely a month after his behavior on an earnings call shook investor confidence, hit out on Twitter with a series of combative posts this week, leaving many scratching their heads at best and prompting scrutiny from labor regulators at worst.
The prospect of Renault and Nissan consolidating their alliance with a full merger boosted the shareholder value of the French company by 17.4 percent in the first quarter of this year, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.
Following its 28 percent U.S. sales plunge in April, Nissan promises that the short-term pain will be worth the long-term gain. Starting this summer, CEO Hiroto Saikawa says, Nissan and its dealers will begin reaping the rewards of newfound discipline.
Rebounding profits in North America helped troubled Mitsubishi Motors Corp. jump back into the black in the just-finished fiscal year, as the recovering Japanese automaker rode a tail wind of surging sales, big cost cuts and favorable exchange rates.
Toyota profit surged 43 percent in the latest quarter as cost cutting, lower incentives and falling warranty expenses offset unfavorable foreign exchange rates and helped pilot the automaker to a record full-year net income.
Continental sees itself on track to reach its recently lowered guidance for 2018 thanks to solid demand for automotive assistance, infotainment and connectivity systems which helped lift orders to a record in the first quarter.
PSA CEO Carlos Tavares shook up the industry by purchasing GM's money-losing Opel and Vauxhall brands and vowing to have them turn a profit by 2020. So far, Tavares says, things are on the right track.