The rate of decline of new-car sales in Spain eased in July to a fall of 9 percent from a year earlier compared with a 15.8 percent drop in June as a subsidy plan took effect.
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As widely anticipated, Renault has announced first half financial results that show a sharply deteriorating performance and a worse-than-expected EUR2.7bn net loss on plunging sales.
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Valeo has forecast worldwide car production down 17% this year instead of the 20% it had earlier predicted.
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Sales may be down about a fifth but Toyota and General Motors remained the world's top two automakers in the first half.
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Volkswagen's cash pile has continued to grow since December and second-quarter operating profit easily beat expectations, Europe's largest carmaker said on Thursday.
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Volkswagen's cash pile has continued to grow since December and second-quarter operating profit easily beat expectations, Europe's largest carmaker said on Thursday.
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Petrol-electric version of classic sports car is caught testing
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Mazda Motor Corp. and Mitsubishi Motors Corp. posted losses for a third straight quarter as car sales plunged worldwide, but the carmakers kept their annual forecasts relying on cost cuts to offset weak demand.
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Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
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Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
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Continental AG's CEO was asked to resign as a power struggle escalated between the German auto parts maker and its controlling shareholder Schaeffler.
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Renault on Thursday posted a worse-than-expected 2.712 billion euro net loss for the first half on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards.
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Continental AG and its owner Schaeffler Group are expected to clash at a supervisory board meeting today over their plans for the company's future.
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A bankruptcy judge is likely to rule today whether auto parts supplier Delphi Corp. can go ahead with its plan to sell its assets to a group of lenders and bring an end to its near four-year bankruptcy case.
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Continental AG and its owner Schaeffler Group are expected to clash at a supervisory board meeting today over their plans for the company's future.
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Russian magnate Oleg Deripaska's indebted carmaker GAZ will restructure its debt with Alfa-Bank, allowing it to sign agreements with all creditors, the bank said on Wednesday.
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Wolfgang Leimgruber was named Porsche AG's head of the production and logistics Wednesday. Leimgruber, 59, succeeds Michael Macht, who was promoted to Porsche CEO last week following the departure of Wendelin Wiedeking.
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Indebted Porsche Automobil Holding SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen AG stock.
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