Fiat Chrysler Automobiles was facing an uncertain future even before the man who led its unlikely turnaround became gravely ill. After he became incapacitated from complications with a shoulder surgery, the company was forced to hastily replace Sergio Marchionne as chief executive over the weekend. Fiat Chrysler now must find a way to deal with… Continue reading Fiat Chrysler loses Sergio Marchionne with bumpy road
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Tag: Financial Results
General Motors jumps into peer-to-peer car sharing
Helen H. Richardson | The Denver Post | Getty Images A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver. Looking to make money renting out your car or truck?
UBS predicts Tesla shares will drop 30% in 12 months as company likely to raise capital
Tesla shares will fall significantly because the company will not be profitable in 2019, according to UBS.
French Carmaker Likely To Halt Iran Operations As Other Companies Leave
French car manufacturer Renault says it is likely to leave Iran to avoid renewed U.S. sanctions in spite of previous promises to remain. Several other major companies including Maersk, Total, Peugeot, General Electric, Boeing, Reliance, and Siemens have already left Iran to evade U..S sanctions, which economic experts in Iran say will hit Iranians even… Continue reading French Carmaker Likely To Halt Iran Operations As Other Companies Leave
As Hyundai struggles, its labor union shows signs of softening
SEOUL (Reuters) – When workers at South Korea’s Hyundai Motor (005380.KS) went on strike last year, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in nearly a decade. FILE PHOTO: A worker works at an assembly line before unionised workers attend a strike at a main factory of… Continue reading As Hyundai struggles, its labor union shows signs of softening
Adient reports third quarter 2018 financial results
PLYMOUTH, Mich., July 26, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced third quarter earnings. Q3 GAAP net income and EPS diluted of $54 million and $0.58, respectively Q3 Adjusted-EBIT and Adjusted-EBITDA of $206 million and $319 million, respectively Q3 Adjusted-EPS diluted of $1.45 Q3 free cash flow of… Continue reading Adient reports third quarter 2018 financial results
Daimler CEO says weaker Mercedes prices tied to WLTP bottlenecks
FRANKFURT (Reuters) – Daimler (DAIGn.DE) Chief Executive Dieter Zetsche said the introduction of the new WLTP emissions testing procedure was causing delays getting Mercedes-Benz vehicles certified for road worthiness, distorting supply and demand. Daimler CEO Dieter Zetsche gives a speech at the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke “We… Continue reading Daimler CEO says weaker Mercedes prices tied to WLTP bottlenecks
UPDATE 4-Daimler braced for emissions-test impact as profit weakens
PARIS/FRANKFURT (Reuters) – Mercedes maker Daimler (DAIGn.DE) blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Earnings before interest and… Continue reading UPDATE 4-Daimler braced for emissions-test impact as profit weakens
General Motors is prepared to raise prices to offset commodity price jump
Raw materials are getting pricier for General Motors, and a new car could soon cost you more, too.
Ford Delivers Second Quarter $1.1B Net Income, $1.7B Adj. EBIT; North America Building Momentum; Restructuring Opportunities Identified Globally
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Delivers Second Quarter $1.1B Net Income, $1.7B Adj. EBIT; North America Building Momentum; Restructuring Opportunities Identified Globally