Cars
VW’s stubbornness to develop a new generation Phaeton luxury sedan is in stark contrast with the automaker’s recently announced cost-cutting measures. VW announced it targets annual cost savings of €5 billion ($5.67 billion) at its passenger-car brand by 2017.
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- Mercedes Reorganizes Production Around Four Main Platforms
Mercedes-Benz has announced it will invest more than €3 billion ($3.87 billion) to increase production and modernize its German passenger car and powertrain plants in 2014. Read more »...
- Recalls Cost Gm $1.2 Billion, Second Quarter Net Income Drops To $0.2 Billion
General Motors said its second quarter net income was $0.2 billion, $1 billion less than in the same quarter last year. The huge drop is due mainly to recalls, estimated to cost $1.2 billion. Read more »...
- 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...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Gm Wants To Make Opel Profitable Despite European Crisis And Sales Drop
Last September, during the Frankfurt Motor Show, General Motors executives were confident that their European operations were following the company’s restructuring plan to the letter and would break even. Less than two months later, real-world...
Cars
VW Still Wants to Make a Money-Losing Phaeton
VW’s stubbornness to develop a new generation Phaeton luxury sedan is in stark contrast with the automaker’s recently announced cost-cutting measures. VW announced it targets annual cost savings of €5 billion ($5.67 billion) at its passenger-car brand by 2017.
Read more »
- Mercedes Reorganizes Production Around Four Main Platforms
Mercedes-Benz has announced it will invest more than €3 billion ($3.87 billion) to increase production and modernize its German passenger car and powertrain plants in 2014. Read more »...
- Recalls Cost Gm $1.2 Billion, Second Quarter Net Income Drops To $0.2 Billion
General Motors said its second quarter net income was $0.2 billion, $1 billion less than in the same quarter last year. The huge drop is due mainly to recalls, estimated to cost $1.2 billion. Read more »...
- 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...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Gm Wants To Make Opel Profitable Despite European Crisis And Sales Drop
Last September, during the Frankfurt Motor Show, General Motors executives were confident that their European operations were following the company’s restructuring plan to the letter and would break even. Less than two months later, real-world...