Volkswagen said it still aimed for flat operating profit this year even as first-half earnings fell 11.6 percent amid weakening auto markets.
PSA/Peugeot-Citroen won European Union approval for the French government to guarantee 7 billion euros ($9.28 billion) in bonds for its banking unit. The guarantee will help keep the General Motors partner afloat as it struggles to rein in losses.
PSA won EU approval for the French government to guarantee 7 billion euros ($9.28 billion) in bonds for its banking unit. The guarantee will help keep the automaker afloat as it struggles to rein in losses.
Valeo has raised its 2013 earnings target and predicted a more stable market in Europe in the second half of the year after reporting improved operating income and sales in the first half.
News
31 Jul, 2013
Results of our survey reveal the dealers you can trust with your car
A regulatory refusal for the expansion of a BMW joint venture factory in China has added to recent concern global automakers could find it increasingly difficult to win approval for projects in the country.
PSA Peugeot Citroen has welcomed today's (30 July) news the European Commission (EC) has approved a French State guarantee of EUR7bn (US$9.3bn) covering bond issues by Banque PSA Finance until December, 2016.
Articles
31 Jul, 2013
Jaguar XKR-S GT is most extreme road-ready Jag ever and 10 will go on sale in Britain
Chrysler Group late today took the unusual step of postponing a planned media drive of the 2014
What is termed a 'compact SUV' that heralds a future production vehicle is to be revealed by Suzuki at September's Frankfurt IAA.
Mercedes-Benz distributors in France say the current refusal by French authorities to certify certain models is having a "disastrous effect" on sales which could see some outlets file for bankruptcy.
Articles
28 Aug, 2013
The new Lamborghini Gallardo is set to go on sale next year with aggressive styling, less weight and more power
News
27 Feb, 2014
We visit Lamborghini factory in Italy to discover the new Lamborghini Huracan LP 610-4, which packs a 601bhp V10
Articles
30 Jul, 2013
The new Lamborghini Gallardo is set to go on sale in 2014, following a September debut at the Frankfurt Motor Show
News
31 Jul, 2013
Calls for accredited doctors and more stringent medical reports to be used
-- Behold the Leyland Force 7V, 4.4 liters of V8 Australian power. Out of 56 built in 1974, only 10 survived after the company went kaput.
Bruce Meyer is a car guy who has a lot of money. He's not a car guy because he has a lot of money. That's an important distinction.
BMW's failure to win government approval to expand a China factory in China is fueling concern that automakers could find it increasingly difficult to win approval on projects in the country.
BMW's failure to win government approval to expand a factory in China is fueling concern that automakers could find it increasingly difficult to win approval on projects in the country.