Profitable again! Those will be the words echoing around General Motors' headquarters and factories as workers arrive after the 8.30am EDT annoucement of first quarter 2010 operating income of US$1.2bn on revenue of $31.5bn, though GM Europe results remained in the red.
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General Motors Co. posted a first-quarter profit as production snapped back and said it was making progress on a turnaround expected to put it on track toward its first full-year profit since 2004.
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General Motors Co. says it rode cost cuts and strong sales of new models to an $865 million first-quarter net profit, boosting its plans to go public. The automaker posted an operating profit of $1.
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Czech manufacturer releases images and details of fastest ever production Fabia
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A design team from BMW in Landshut, working with engineers from JSP and other specialists, has achieved weight savings of 15% and cost savings of 10% in the construction of rear seatbacks for the BMW 5 Series.
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Fiat Group's Iveco truck unit plans to invest US$60m in Angola in the next three years, in a bid to become the African nation's top truck importer, an executive was quoted as saying on Monday.
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Figures released by ACEA have confirmed the decline to April car sales caused by the ending of government sponsored scrappage incentives in a number of key markets.
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The European starting price for the Nissan Leaf full-electric car will be less than 30,000 euros ($36,976) after incentives. Buyers can order the Leaf starting in July in the UK, Netherlands, Ireland and Portugal.
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Volkswagen's quest to become the world's largest carmaker continued apace as the company reported an almost 21% growth in vehicle deliveries in the first four months of this year to 2.34m worldwide, up from 1.93m a year ago.
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Tata Motors announced that the head of its passenger car unit had resigned from the company.
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Alfa Romeo introduces efficient engines and a new trim level to Brera and Spider models
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Alfa Romeo introduce more efficient engines and a new trim level to Brera and Spider models
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Tata Motors has decided to shelve participation in the government backed eco car project in Thailand citing the recent decision to hike excise duty structure from 17% to 22%.
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The Spanish brand spiced up the proceedings at the GTI tuning event in Austria with several performance models on show.
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The Spanish brand spiced up the proceedings at the GTI tuning event in Austria with several performance models on show.
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Nissan has announced that the Leaf electric vehicle will cost under EUR30,000 after incentives in most European markets, including the cost of the battery, almost EUR10,000 more than the US price. Nissan said earlier the LEAF would retail in the United States for US$32,780 and up before a federal tax credit of $7,500 ($25,280; EUR20,500).
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GM said slowing growth in China won't prompt the company to revise its 2010 sales forecast. GM sales in China will exceed 2 million vehicles this year, said Kevin Wale, president of the company's China operations. Carmakers will sell a combined 15.
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Official price revealed for electric car, available to order from July.
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