Volkswagen Group says it is bracing for a tough year ahead, though the automaker believes business may improve in the second half as overseas markets keep growing. “The coming months will be anything but easy,” CEO Martin Winterkorn said today at VW’s annual shareholders’ meeting.
Fiat may have to pay more than its $139.7 million offer for Chrysler Group shares being bought from the UAW’s retiree health-care trust, a judge suggested in court today. Fiat SpA is increasing its stake in Chrysler and is asking Delaware Chancery Court Judge Donald Parsons Jr. to help determine the value of the 54,154 […]
Honda Motor Co. today posted a 6.6 percent rise in quarterly net profit, helped by the yen’s rapid depreciation and strong sales of its Accord and CR-V models the United States. In the quarter ended March 31, Honda booked net profit of 75.7 billion yen ($760.88 million), compared with 71.5 billion yen in the same […]
In the first quarter of 2013, traffic congestion in the U.S. rose 4 percent compared to the amount of congestion in 2012 — the first such rise after two years of decline, according to Inrix’s Traffic Scorecard Annual Report.
BMW will begin production of its Mini Countryman in India later this year at its plant in Chennai, India. A more specific date is to be announced but the first models to be produced will be the Mini Cooper D Countryman and the Mini One Countryman; each will be fully assembled from imported parts.
The Gefco Group has reported a small decline in revenue for 2012 compared to 2011, while operating profit has dropped by more than half. The group, which is now majority-owned by RZD Russian Railways, saw a rise in revenue from new customers outside PSA
The Chinese car market needs a more sustainable approach to growth in the wake of rising overcapacity in production that, combined with an unbridled price war amongst dealers, has curtailed its development and led to a dangerous rise in vehicle inventory
Aston Martin, Jaguar Land Rover and Toyota Motor Europe have worked together to create ‘collective protection’ from risks in their supply chains.
The Chrysler Group has announced management changes to the Ram and Dodge Truck Brands, FIAT Brand for North America and Chrysler de México.
