Henrik Fisker's congressional testimony on Wednesday before the House Oversight and
News
24 Apr, 2013
Two new special-edition Volkswagen up! models have been announced
Daimler has said it now expects earnings to fall this year, following a 60% slump in first quarter profits and a 3% decline in revenue.
Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.
Daimler will invest more than 300 million euros to build a factory in Romania to assemble transmissions for its Mercedes-Benz brand after reaching full capacity at its main powertrain plant near Stuttgart.
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Volkswagen AG described its first quarter results as "satisfactory overall" in "a challenging market environment" as sales dipped a little to EUR46.6bn (Q1 2012: EUR47.3bn while operating profit fell to EUR2.3bn (EUR3.2bn), negatively impacted "by contingency reserves" for passenger cars and power engineering.
News
24 Apr, 2013
Latest spy pictures show the Skoda Octavia vRS undergoing final tweaks ahead of its July debut
Ford Motor Company has booked first quarter 2013 pre-tax profit of $2.1bn, dragged down $147m year on year by Europe and South America, thanks to record results in North America and "continued solid performance from Ford Credit".
PSA Peugeot Citroen's largest union has criticised what it claims is French government inaction as the automaker insists it will continue with plans to shutter the Aulany plant near Paris in 2014 coupled with the loss of up to 8,000 jobs.
General Motors will invest 230 million euros ($299 million) on test facilities for Opel as part of its effort to break even in Europe by 2015.
Ford today said its first-quarter net income rose 15 percent from a year earlier despite a $462 million operating lose in Europe. Ford reaffirmed its forecast for a 2013 loss in Europe of about $2 billion. In 2012, the loss was $1.75 billion.
Ford's first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.
EXECUTIVE EDITOR BOB GRITZINGER: Our
Nissan and New York City mayor Michael Bloomberg have launched a new electric vehicle taxi pilot with the Leaf. The programme, which puts six EV taxis into service beginning this spring, will help the automaker, the city, the taxi industry and the public understand how zero emission vehicles can be integrated into future taxi fleets.
The first electric cars emerging from the strategic partnership of Volvo Cars and Siemens are delivering a claimed 0-70 km/h in 5.9 seconds and a full recharge in only 1.5 hours.
Toyota Motor (TMC) has announced that its vehicle and engine production subsidiary in Kyushu, Toyota Motor Kyushu (TMK), will start producing a new model in late 2014. No details of the model were announced.
News
24 Apr, 2013
Toyota has released pictures of an electric city car concept that features plastic body panels, four-wheel drive and a stripped-out interior