BMW AG posted second-quarter operating profit that beat analyst expectations as cost-cutting efforts to limit fallout from an 18 percent drop in vehicle deliveries seemed to gain traction.
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BMW posted second-quarter operating profit that beat analyst expectations as cost cutting efforts to limit fallout from an 18 percent drop in vehicle deliveries seemed to gain traction.
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British automotive and aerospace parts maker GKN posted a first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, smaller than expected, but cut its interim dividend and announced further job cuts.
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British automotive and aerospace parts supplier GKN Plc posted a smaller-than-expected first-half pretax loss of 8 million pounds ($13.55 million) on Tuesday, but it cut its interim dividend and announced further job cuts.
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Toyota Motor Corp. reported its third straight quarterly loss but lifted its bearish forecast to call for a smaller loss this year as deep cost reductions help make up for some of the slump in global vehicle sales.
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Toyota Motor Corp. said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.
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Toyota Motor Corp. said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.
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Aggressive cost cuts and inventory adjustments helped Toyota Motor Corp.
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German car companies reported a drop in U.S. sales for July as demand for cars remained weak, with only Volkswagen bucking the trend on demand for its Jetta model.
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Mercedes-Benz is set to join forces with Renault in a deal aimed at providing its underdeveloped Smart division with a new four-seat model.
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Mercedes-Benz is set to join forces with Renault in a deal aimed at providing its underdeveloped Smart division with a new four-seat model.
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Two pro-environment U.S. senators who had initially criticized the cash for clunkers program said they would support a $2 billion extension of the federal incentive, giving the Obama administration a boost. Sens. Dianne Feinstein, D-Calif.
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German car companies reported a drop in U.S. sales for July as demand for cars remained weak, with only Volkswagen bucking the trend on demand for its Jetta model.
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Two pro-environment U.S. senators who had initially criticized the cash for clunkers program said they would support a $2 billion extension of the federal incentive, giving the Obama administration a boost. Sens. Dianne Feinstein, D-Calif.
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U.S. Senate Majority Leader Harry Reid said today the Senate would pass a bill to extend the popular "cash for clunkers" program before lawmakers leave for their August recess. Senators are hoping to leave for their break at the end of this week.
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Michael Schumacher will reportedly be paid 1 million euros per race and a bonus 1m euros per victory when he begins substituting for injured Ferrari driver Felipe Massa as from the European grand prix later this month.
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Denny Hamlin said on Friday that he expected to win the Sunoco Red Cross Pennsylvania 500 at Pocono Raceway. On Monday, he charged to the front from the sixth position with 13th laps left in Monday's rain-postponed race and ended a 50-race drought in the Sprint Cup Series.
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Ferrari Formula 1 driver Felipe Massa checked back into hospital on Monday after returning to his native Brazil.
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The average B.C. driver spends almost 11 hours
a week in the car - so naturally driving smart should be a priority because it
can affect the price you pay for insurance, how much gas you use and your
impact on the environment. However, a recent Ipsos Reid survey for ICBC shows
that almost all drivers (96%) admit to wasting gas even though they say fuel
efficiency is important.
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