Cars
Lotus is going through difficult times, posting a £159 million ($251 million) loss in the previous fiscal year and axing up to 325 of its 1,215 employees worldwide.
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- Drb-hicom Declines Offer For Lotus, Vw Reportedly Interested In Parent Company Proton
Last week, Reuters reported that the ever-expanding Volkswagen Group is considering to place a new bid for Proton, which owns the Lotus brand, some five years after the Germans failed to form a tie up with the Malaysian carmaker as it seeks to extend...
- Mazda Records Us$1.3 Billion Loss, “actively†Seeks Partner
Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units. This is the fourth year in a row than Mazda records negative results and...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Audi Reports Record 2008 Profits And Sales, Pays €5,300 Bonus To Each Employee
In spite of the widespread financial crisis, the Audi Group reported that it ended the 2008 fiscal year with record-breaking figures for production, vehicle deliveries, revenue and profit. Deliveries of Audi brand vehicles were up 4.1 percent to the record...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
Cars
Lotus Boss Wants More Dealers, Announces Two Product Enhancements
Lotus is going through difficult times, posting a £159 million ($251 million) loss in the previous fiscal year and axing up to 325 of its 1,215 employees worldwide.
Read more »
- Drb-hicom Declines Offer For Lotus, Vw Reportedly Interested In Parent Company Proton
Last week, Reuters reported that the ever-expanding Volkswagen Group is considering to place a new bid for Proton, which owns the Lotus brand, some five years after the Germans failed to form a tie up with the Malaysian carmaker as it seeks to extend...
- Mazda Records Us$1.3 Billion Loss, “actively†Seeks Partner
Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units. This is the fourth year in a row than Mazda records negative results and...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Audi Reports Record 2008 Profits And Sales, Pays €5,300 Bonus To Each Employee
In spite of the widespread financial crisis, the Audi Group reported that it ended the 2008 fiscal year with record-breaking figures for production, vehicle deliveries, revenue and profit. Deliveries of Audi brand vehicles were up 4.1 percent to the record...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...