Mazda Motor has booked a fiscal year 2008/9 consolidated net loss of JPY71.5bn, blaming overseas affiliates' impairment losses and the release of deferred tax assets.
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GM CEO Fritz Henderson has told reporters that it is now 'more probable' that GM will enter bankruptcy in the US, though he also said 'there is still a chance for it to be done outside a bankruptcy'.
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Russian carmaker GAZ said on Tuesday it would be interested in creating a joint venture with Magna International and Opel. Canadian partsmaker Magna is vying against Fiat S.p.A. to buy General Motors' European business, centered around Opel.
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Nissan Motor has posted a net loss of JPY233.7bn for the full fiscal year ended 31 March 2009 and has forecast a fiscal year 2009/10 net loss of JPY170bn.
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Tumbling U.S. sales dragged Mazda Motor Corp. to a full-year operating loss, and the company warned that worse results will follow in the wake of the global market meltdown. Mazda today reported an operating loss of 28.38 billion yen, or $291.
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($736 million) in the fiscal year that ended March 31, the carmaker said today. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007.
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($736 million) in the fiscal year that ended March 31, the carmaker said on Tuesday. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007.
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Mazda Motor Corp. suffered a net loss of 71.49 billion yen ($73 million) in the fiscal year that ended March 31, the carmaker said on Tuesday. The loss was a turnaround from a profit of 91.84 billion yen, which the carmaker reported in fiscal 2007.
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Kia Motors, South Korea's No.2 automaker, aims to sell as many vehicles in 2009 as last year on growing demand for smaller cars, its president Chung Eui-sun said on Tuesday.
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Carlos Ghosn, CEO of Nissan Motor Co. and Renault SA, said on Tuesday he would not resign from his post at the Japanese automaker at least until it was back making profits.
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Bob Sinclair, the American marketing executive who pushed Saab to design more-luxurious cars and created one of the Swedish automakers most iconic vehicles--the 900 Convertible--died on May 10 at his home in Santa Barbara, Calif.
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
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Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
Full story...
Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
Full story...
Hit hard in the fourth quarter, Japan's Nissan Motor Co. lost $1.4 billion in 2008 and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.
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Volkswagen Chairman Ferdinand Piech favors VW CEO Martin Winterkorn over Porsche boss Wendelin Wiedeking to run a combined VW/Porsche group.
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Volkswagen should play the lead role in any merger with Porsche Automobil Holding SE, the chairman of VW said in his first public comments on talks to fuse Europe's biggest automaker with the luxury sportscar group.
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British engineering company Tomkins said on Tuesday first-half trading was set to remain weak and that its end-markets will stay challenging throughout 2009, although the pace of decline should slow in the second-half.
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General Motors has declined to give an assurance about the future of the company's Vauxhall brand. Fiat group's plan to merge its car business with GM European operations has raised fears for the future of GM's Vauxhall unit in the U.K.
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