Cars
The auto industry hasn’t escaped the drama affecting the stock markets due to the US credit rating downgrade and the problems in the Eurozone. This month has been the worst ever since November 2008 for the Euro Stoxx Automobile and Parts Index as it lost €35 billion ($50 billion) or about 19%, of its value.
- Toyota Reclaims Title Of World’s Most Valuable Auto Brand From Bmw
Toyota has ranked first among automakers in the BrandZ Top 100 Most Valuable Global Brands study released by market research company Millward Brown. The Japanese carmaker has overtaken last year’s best ranks car manufacturer, BMW. Toyota’s...
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- 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...
- Aston Martin: How Recycled Platforms And Eight-year-old Tech Could Be The Brand’s Downfall
Unlike Bentley, Lamborghini, Ferrari and Rolls-Royce – who are owned by highly successful mainstream brands Volkswagen, Audi, Fiat and BMW respectively – specialist manufacturers such as Aston Martin have a hard time in the market. Whereas...
- Gm Posts $4.2 Billion In Q3 Operating Loss, Says It Could Run Out Of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30...
Cars
Germany's Luxury Brands Unaffected by Global Economy Slump
The auto industry hasn’t escaped the drama affecting the stock markets due to the US credit rating downgrade and the problems in the Eurozone. This month has been the worst ever since November 2008 for the Euro Stoxx Automobile and Parts Index as it lost €35 billion ($50 billion) or about 19%, of its value.
However, despite the slowing global economy, it is luxury carmakers like BMW, Mercedes-Benz and Audi rather than mass-market brands, like Fiat and Renault, that can withstand its effects better.
Read more »- Toyota Reclaims Title Of World’s Most Valuable Auto Brand From Bmw
Toyota has ranked first among automakers in the BrandZ Top 100 Most Valuable Global Brands study released by market research company Millward Brown. The Japanese carmaker has overtaken last year’s best ranks car manufacturer, BMW. Toyota’s...
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- 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...
- Aston Martin: How Recycled Platforms And Eight-year-old Tech Could Be The Brand’s Downfall
Unlike Bentley, Lamborghini, Ferrari and Rolls-Royce – who are owned by highly successful mainstream brands Volkswagen, Audi, Fiat and BMW respectively – specialist manufacturers such as Aston Martin have a hard time in the market. Whereas...
- Gm Posts $4.2 Billion In Q3 Operating Loss, Says It Could Run Out Of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30...