Spending

Daimler will invest $2.94 billion on cleaner diesels

Feb. 11, 2016 15:21 CET

Daimler will spend $2.94 billion by 2019 on developing next-generation diesel engines to help the automaker to meet new pollution-measuring standards....
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Audi to add compact Q2 in expansion of SUV line

6:58 am U.S. ET | Dec. 28, 2015

Audi AG will add an SUV and revamp an existing SUV next year as the luxury-car unit of Volkswagen AG widens offerings in the auto industry's fastest-growing model segment....
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Audi pares back 2016 spending plans

6:26 am U.S. ET | Dec. 28, 2015

Audi has reined in its spending plans for 2016 and delayed the construction of a new wind tunnel on Monday, after the group was hit by a scandal over rigged emissions tests....
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THE VW DIESEL CRISIS

VW trims 2016 investment budget due to scandal costs

Nov. 20, 2015 13:36 CET

Volkswagen responded to the mounting costs from its emissions scandal by halting work on a design center in Germany and a paint shop in Mexico, and delaying the next Phaeton....
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THE VW DIESEL CRISIS

VW set to cut investments by 10% to help meet scandal costs

Nov. 19, 2015 19:32 CET

VW is set to announce cuts in capital spending as it prepares for the huge bill to address its emissions-cheating crisis. Analysts expect VW to cut annual spending on factories, models and equipment by 10 percent....
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THE VW DIESEL CRISIS

VW will shorten investment program timing, report says

Nov. 19, 2015 15:06 CET

VW will abandon its practice of setting a rolling five-year investment budget as it grapples with its emissions-cheating scandal, Bloomberg reported. VW's supervisory board meets Friday to discuss investment cuts as well as potentially shortening its spending plan to three years or less to maintain flexibility, sources said....
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Jaguar Land Rover plans $6.8B cost cuts, paper says

Nov. 8, 2015 23:43 CET

Jaguar Land Rover has launched a project to cut costs of $6.8 billion and build 1 million cars per year by the end of the decade, the Sunday Times reported....
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EDITORIAL

Industry must stop wasteful spending before it's too late

12:01 am U.S. ET | Aug. 17, 2015

The auto industry must come to grips with its prodigious excess in capital spending. As explored in this week's installment of the Automotive News series "Industry on Trial", automotive companies keep reinventing their own versions of common hardware....
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Rolls-Royce's China sales drop on luxury crackdown

June 25, 2015 10:39 CET

Rolls-Royce sales are being hit by a "cool wind blowing in China," said the executive in charge of the ultraluxury brand, as the nation's wealthy pull back from ostentatious purchases amid a government crackdown on conspicuous consumption....
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Audi's race to catch up with BMW hurts profit margin

May 4, 2015 11:29 CET

Audi's race to catch up with German rival BMW is hurting its profit margin. Audi's operating margin slipped to 9.7 percent from 10.1 percent a year earlier, the carmaker said today, while reaffirming its 8 percent to 10 percent target range....
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Russia boosts auto industry aid to $424 million

March 23, 2015 17:24 CET

Russia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week....
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VW identifies half of planned 5 billion euros in cuts

March 12, 2015 11:50 CET

VW Group has identified cost cuts worth about half of the planned 5 billion euro ($5.29 billion) target at its core passenger-car brand. VW could discontinue its three-door Polo as part of the savings program, CEO Martin Winterkorn said, a move that would save millions....
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Audi sees lower profitability as it invests to boost sales

March 10, 2015 12:31 CET

Audi is targeting another year of record car sales in 2015, but said profitability could slip further amid spending on technology, foreign expansion and plans to increase its model range to 60 vehicles by 2020....
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