Cars
In sharp contrast to almost every other mainstream European manufacturer, the VW Group is reporting record sales and profits. Whereas main rivals PSA Peugeot Citroen and its new partner Opel, along with Fiat and Renault all face the consequences of the Euro crisis, VW’s brands are doing better than ever thanks to the group’s successful global strategy.
- Detroit's Big 3 To Record Us$4 Billion Combined Losses This Year Due To European Car Sales Slump
After the U.S. market meltdown, which resulted in General Motors and Chrysler receiving a bailout, the two automakers along with Ford recovered quickly and are now posting near-record profits. However, it seems that Detroit's Big Three have to face...
- Morgan Stanley Report Says Gm Should Get Rid Of Cash-bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen. Yet analysts...
- Vw May Start Selling Mqb Platform To Other Carmakers After 2015
When you spend four years more than €60 billion (US$80 billion) in developing a groundbreaking new platform, then you better make sure that your investment will pay off for itself big time. This is what the VW Group has done for its brand-new MQB...
- Volkswagen Group Operating Profits Soar 86 Percent In The First 9 Months Of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...
Cars
Ailing Seat is Holding VW Group Back, Expansion to the East May Prove its Salvation
In sharp contrast to almost every other mainstream European manufacturer, the VW Group is reporting record sales and profits. Whereas main rivals PSA Peugeot Citroen and its new partner Opel, along with Fiat and Renault all face the consequences of the Euro crisis, VW’s brands are doing better than ever thanks to the group’s successful global strategy.
The ever-growing Germans do have a thorn on their side, though: Seat, which is the sole money-losing brand in VW’s portfolio, having burned through €1 billion (US$1.24 billion) since 2008 and making a profit only once in the past decade.
Read more »- Detroit's Big 3 To Record Us$4 Billion Combined Losses This Year Due To European Car Sales Slump
After the U.S. market meltdown, which resulted in General Motors and Chrysler receiving a bailout, the two automakers along with Ford recovered quickly and are now posting near-record profits. However, it seems that Detroit's Big Three have to face...
- Morgan Stanley Report Says Gm Should Get Rid Of Cash-bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen. Yet analysts...
- Vw May Start Selling Mqb Platform To Other Carmakers After 2015
When you spend four years more than €60 billion (US$80 billion) in developing a groundbreaking new platform, then you better make sure that your investment will pay off for itself big time. This is what the VW Group has done for its brand-new MQB...
- Volkswagen Group Operating Profits Soar 86 Percent In The First 9 Months Of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...