Cars
No thanks to the collapse of the U.S. mortgage market, Toyota Toyota declining nearly 5 percent to 3,710 yen, which translates to a market capitalization of $124.3 billion U.S. U.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...
- 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...
- 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...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Gm Shares Fall 16% On Reports For Bankruptcy
As if General Motors isn't in enough trouble already, the company's shares took a steep fall today after several reports including one from the New York Times late on Sunday, claimed that the Obama administration wants the automaker to begin bankruptcy...
Cars
VW Overtakes Toyota as World’s Largest Automaker by Value
No thanks to the collapse of the According to Bloomberg, Volkswagen shares are up by a staggering 190 percent this year, and the company's stocks was one of only four in the Dow Jones Stoxx 600 Index that managed to advance yesterday. By contrast, Toyota has seen its shares drop 56 percent after its peak at 8,340 yen in February 2007. Well, as they say, easy come, easy go and that stabds for both companies...
Via: Bloomberg
- 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...
- 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...
- 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...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Gm Shares Fall 16% On Reports For Bankruptcy
As if General Motors isn't in enough trouble already, the company's shares took a steep fall today after several reports including one from the New York Times late on Sunday, claimed that the Obama administration wants the automaker to begin bankruptcy...