Volkswagen Chairman Ferdinand Piech tightened his grip over Porsche on Thursday after the sports car maker's CEO was ousted following a power struggle to keep Porsche independent.
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Ford Motor Co. narrowed its pretax operating loss to $424 million in the second quarter while posting a net profit of $2.3 billion because of a gain related to recent debt-reduction actions. Ford made good on its pledge to cut its cash burn rate.
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Nissan Motor's UK plant in Sunderland, in north east England, is to recruit an additional 100 manufacturing staff to meet continued strong demand arising from pan-European scrappage schemes.
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As widely speculated, Porsche SE chief executive officer Wendelin Wiedeking has left the sportscar maker after 16 years, the latest twist in a corporate drama which started with Porsche's audacious attempt to buy the mighty Volkswagen AG and is likely to end in a merger of the two after debts spiraled out of control.
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Hyundai Motor Co. is likely to struggle to replicate its record quarterly profit as the benefits from a weaker won and government stimulus fade but the popularity of its small, cheap vehicles will help it gain share in a weak global market.
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First quarter profits at Maruti Suzuki India rose a healthy 25.3% to INR5.83bn (US$120m) in the three months to 30 June.
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Hyundai Motor Company has posted a record quarterly net profit up 48% year on year to 811.8bn won (US$648.4m dollars).
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Toyota Motor Corp. will start talks to pull out of a California-based joint venture with General Motors Co., a Toyota executive said.
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Toyota Motor Corp. will start talks to pull out of a California-based joint venture with General Motors Co., a Toyota executive said.
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General Motors has ruled out a bid from China's BAIC for Opel and will continue talks with the other two contenders.
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General Motors' European business said on Thursday it will continue detailed talks with Magna International and RHJ International on its German unit Opel.
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General Motors' European business said today it will continue detailed talks with Magna International and RHJ International on its German unit Opel. GM and German government officials failed to agree on a partner for Opel at talks held on Wednesday.
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General Motors' European business said today it will continue detailed talks with Magna International and RHJ International on its German unit Opel. GM and German government officials failed to agree on a partner for Opel at talks held on Wednesday.
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General Motors' European business said on Thursday it will continue detailed talks with Magna International and RHJ International on its German unit Opel.
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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter.
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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter.
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Sports car maker Porsche conceded a months-long power struggle to mass-market rival Volkswagen by axing its CEO. Porsche said it would raise at least 5 billion euros ($7 billion) in equity as the two prepared for a merger.
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Sports car maker Porsche conceded a months-long power struggle to mass-market rival Volkswagen by axing its CEO. Porsche said it would raise at least 5 billion euros ($7 billion) in equity as the two prepared for a merger.
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Fiat S.p.A. and Tata Motors Ltd. intend to sell Tata's ultra-low-cost Nano model jointly in South America, the Indian firm's chief Ratan Tata said in an interview published on Thursday. Brazil is Fiat's second-biggest market after Italy.
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Fiat S.p.A. and Tata Motors Ltd. intend to sell Tata's ultra-low-cost Nano model jointly in South America, the Indian firm's chief Ratan Tata said in an interview published on Thursday. Brazil is Fiat's second-biggest market after Italy.
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