Jaguar Land Rover will invest 200 million pounds ($324.08 million) in its Castle Bromwich factory in England to build the new F-Type convertible sports car.
Audi may match last year's operating profit of 5.35 billion euros ($7.08 billion) in 2012 if economic conditions do not deteriorate, said Chief Financial Officer Axel Strotbek.
Continental expects second-quarter sales to match the 8.3 billion euros ($10.9 billion) achieved in the first three months, Chief Financial Officer Wolfgang Schaefer said.
Ford said Faurecia, one of Europe's largest auto suppliers, agreed to buy Ford's interior parts business, based at a plant in Michigan, for an undisclosed amount.
Continental expects second-quarter sales to match the 8.3 billion euros ($10.9 billion) achieved in the first three months, Chief Financial Officer Wolfgang Schaefer said.
Audi may match last year's operating profit of 5.35 billion euros ($7.08 billion) in 2012 if economic conditions do not deteriorate, said Chief Financial Officer Axel Strotbek.
You can tell a lot about how we like a long-term vehicle by the number of miles we pile onto it over the year. Our 2006 Hyundai Sonata LX (and#8220;Steady as She Went,and#8221; Autoweek, Feb.
BMW and Hyundai are discussing a possible tie-up in engine development and other areas, a source told Reuters.
Truck parts maker Meritor has beaten analysts' expectations of second quarter profit after margins increased and sales at its aftermarket and trailer segment rose.
Opel/Vauxhall unit is already seeing the first indications of an improvement in its business, its CEO Karl-Friedrich Stracke said in an internal letter to staff.
Bentley CEO Wolfgang Duerheimer and Volkswagen marketing chief Luca de Meo are set to move to Audi as part of a broad management reshuffle at the VW Group premium brand, German media reports said.
Lear Corporation has posted first quarter net sales of US$3.6bn with core operating earnings of US$195m, down from US$3.5bn and US$205m, a year ago.
Following the theme of the
General Motors first quarter net profit plunged 69% year on year to US$1.0bn, or $0.60 a share after special items related to goodwill in Europe caused a $0.6bn hit to the bottom line but were still better than some analysts expected.
The tantalizing dynamics remainand#8212;the steering wheel well weighted yet dancing under the fingertips, the chassis singing with every flick of the wrist, the engine sussurrating at idle and burbling in rich tones with the lightest stab of the gas...
Good financial results for the first quarter of 2012 has made BMW cautiously optimisitic but finance head Frederich Eichiner isn't yet willing to hike the profit forecast for the year.
PSA Peugeot Citroen says it has suspended shipments of parts to Iranian partner, IKCO until at least July as the simmering row surrounding its relationship continues to bubble.
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