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GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Fiat Chrysler locates new HQ in London's West End

Sept. 18, 2014 15:58 CET
Fiat Chrysler will locate its new global headquarters in St James's Street in London's West End, near Buckingham Palace. London is neutral territory between the Italian carmaker's former HQ in Turin and Chrysler's historic association with Detroit....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Fiat Chrysler's new HQ will be a short stroll from Buckingham Palace

9:54 am U.S. ET | Sept. 18, 2014
Fiat SpA will locate its new global headquarters in London's West End, opting for the most expensive office district in the world....
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Mobileye Q2 revenues jump, sees strong growth in 2014

3:43 pm U.S. ET | Sept. 4, 2014
One month after going public, Mobileye posted lower net income but sharply higher revenue on strong demand for its camera-based systems that help drivers avoid collisions....
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Delphi reports strong Q2 profit, but next quarter may disappoint

11:36 am U.S. ET | July 31, 2014
Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter....
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GM says '14 profit may be ahead of plan, sees Europe in the black by mid-decade

4:02 pm U.S. ET | June 5, 2014
GM said today its 2014 profit could be stronger than it expected and painted a more rosy picture in Europe, on the same day it said "incompetence and neglect" at the company failed to catch a defective ignition switch linked to at least 13 deaths....
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Fiat Chrysler plans finance-focused staff at London HQ

May 20, 2014 06:01 CET
Fiat Chrysler Automobiles' new London headquarters will have a staff of about 50 people, most of whom will have a finance background, said two people familiar with the details of the automaker's plan to shift its tax residency to the UK....
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Toyota move could generate $7.2 billion in 10 years for Texas economy, analysis finds

7:28 am U.S. ET | May 15, 2014
Toyota's relocation of its United States headquarters to Plano, Texas, may bring $7.2 billion of economic activity to the area over 10 years, according to an analysis for the city....
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Toyota move yields political fallout in Calif.

4:03 pm U.S. ET | May 8, 2014
Toyota's decision to move its North American headquarters to Texas is causing political fallout in California. A representative on the California Economic Development Commission criticized officials in Torrance for “having lost the world's largest automotive company,” the city's newspaper reported Wednesday....
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LUCA CIFERRI

Marchionne follows the money

12:01 am U.S. ET | May 6, 2014
Why is Fiat Chrysler CEO Sergio Marchionne today presenting his latest business plan for the Italian automaker at Chrysler's U.S. headquarters in Auburn Hills, Michigan, and not at Fiat's base in Turin?...
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LUCA CIFERRI

Marchionne follows the money

12:01 am U.S. ET | May 6, 2014
Why is Fiat Chrysler CEO Sergio Marchionne today presenting his latest business plan for the Italian automaker at Chrysler's headquarters near Detroit, and not at Fiat's base in Turin?...
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BorgWarner raises 2014 forecast as Q1 profits rise 12%

10:01 am U.S. ET | May 1, 2014
BorgWarner, which makes a variety of fuel efficient components such as dual-clutch transmissions, raised its 2014 earnings forecast after posting a better-than-expected first-quarter profit....
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TOYOTA MOVES TO TEXAS

What's left for Torrance?

1:35 pm U.S. ET | April 30, 2014
In moving from suburban Torrance to Plano, Texas, Toyota Motor Sales USA and Toyota Financial Services wanted a headquarters campus where there wouldn't be a barrier between established employees and the “new guys.” Everyone would have a fresh start....
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JAMES B. TREECE

Texas politicians: Be careful what you wish for and what you hand out

4:10 pm U.S. ET | April 29, 2014
Texas politicians are exchanging high-fives over Toyota's decision to relocate its United States headquarters to Plano. It's undoubtedly a great boon to the state. But will it really prove so good for the politicians' careers?...
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THE TOYOTA MOVE

Toyota to consolidate most U.S. operations in Texas

1:45 pm U.S. ET | April 28, 2014
Toyota will consolidate its far-flung operations in the United States into a single campus in Plano, Texas, with a targeted move-in completion date of late 2017, the automaker said today. Following a week of rumor regarding the relocation of Toyota's sales and marketing operations based near Los Angeles came confirmation of a much larger-scale relocation of nearly all Toyota's processes and operations in the United States to the suburb north of Dallas....
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Marchionne's Fiat-Chrysler seen as success story by Italy's economy minister

April 25, 2014 15:13 CET
The restructuring of the Fiat-Chrysler group by Sergio Marchionne should be seen as a success story rather than a case of offshoring operations, Italian Economy Minister Pier Carlo Padoan told an Italian newspaper....
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AutoNation reports 6% March volume increase, best-selling Q1 since 2007

12:02 pm U.S. ET | April 2, 2014
AutoNation said today its new-vehicle retail sales in the United States rose 6 percent in March from a year earlier to 28,796 units....
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Ferrari denies move from Italy to the Netherlands

Feb. 7, 2014 12:29 CET
Ferrari said it does not plan to move to the Netherlands from Italy after parent Fiat decided to create a Dutch holding company for the merged Fiat-Chrysler group....
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Toyota's $40 billion cash pile draws calls for new plants, higher dividends

2:20 pm U.S. ET | Feb. 3, 2014
Toyota President Akio Toyoda, whose company has accumulated a cash pile of almost $40 billion, is facing calls to put that money to better use. The world's largest carmaker is seeing profits surge as the yen weakens and demand rises in the United States and China. The company will probably report on Tuesday net income quadrupled to 434.3 billion yen ($4.3 billion) last quarter, according to a Bloomberg survey of analysts....
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Fiat moving tax base to UK to woo U.S. investors, chairman says

Jan. 30, 2014 10:42 CET
Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the UK to help woo U.S. investors, the carmaker's chairman, John Elkann, told an Italian newspaper....
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Gentex posts 76% increase in Q4 net income

3:29 pm U.S. ET | Jan. 29, 2014
Gentex, a supplier of rearview mirrors and automotive safety, lighting and electronics components, said today that its fourth-quarter net income rose 76 percent from a year earlier while its annual profit surged 32 percent....
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Hyundai Q4 profits gain 15%, but results fall short

10:56 am U.S. ET | Jan. 23, 2014
Hyundai said fourth-quarter net income climbed 15 percent to 2.06 trillion won ($1.9 billion), from 1.79 trillion won a year earlier. But the results did not meet analyst expectations and Chairman Chung Mong Koo forecast the weakest sales growth in eight years for 2014....
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GM will open Singapore headquarters to back emerging-market thrust

Nov. 13, 2013 08:04 CET
General Motors will open a new headquarters in Singapore headed by former Volvo CEO Stefan Jacoby to oversee markets including Southeast Asia and India....
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Ford's global picture brightens

7:15 am U.S. ET | Oct. 24, 2013
Ford, powered by continued strength in North America and improved performances around the world, posted a record third-quarter pre-tax profit of $2.6 billion, up $426 million from a year earlier....
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