Audi Chief Has Ambitious Plans
ThinkstockOne more luxury car maker has made fantastic claims about future growth. BMW, Mercedes, Lexus, Infiniti, Acura and Porsche all believe their sales will skyrocket by the end of the decade. Either the global…
ThinkstockOne more luxury car maker has made fantastic claims about future growth. BMW, Mercedes, Lexus, Infiniti, Acura and Porsche all believe their sales will skyrocket by the end of the decade. Either the global…
ThinkstockAmerican Suzuki will leave the U.S. market, a victim of small sales and a brand that U.S. car buyers barely know. 24/7 Wall St. recently predicted that Suzuki would not make it in the…
ThinkstockNissan became the latest Japanese company to say that a territorial dispute between its nation and China will badly hurt earnings. At some point, the Japanese government must decide whether ownership of a few…
courtesy of FordOwning a car for many years can be considered a sign of brand loyalty. The car  is well made, or perhaps it retains its value better than other vehicles. Each of those…
While most of the car industry struggles in Europe and companies report severe earnings problems there, German-based BMW showed that, as the rich get richer, it can overcome deep problems in it home market.…
courtesy of Ford Motor CompanyAs Chinese consumers shunned Japanese goods due to a territorial dispute between the two countries, U.S. automakers General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) benefited from…
ThinkstockToyota Motor Corp. (NYSE: TM) continues to do well financially, as shown by its fiscal first-half figures, which cover the period ended September 30. On a consolidated basis, net revenues for the first half…
ThinkstockHyundai and car manufacturing stablemate Kia overstated the miles per gallon estimates for about 900,000 cars and light trucks they sold in the United States. The companies apologized. The question now is what the…
ThinkstockFollowing an investigation and audit brought on by a number of consumer complaints, the U.S. Environmental Protection Agency (EPA) has changed the estimated fuel economy ratings for the majority of 2012 and 2013 models…
Courtesy of Tesla MotorsAutomobile magazine has named its Car of the Year. Unfortunately, it has chosen a vehicle almost no one has bought or will buy, and the car’s maker may not even survive…
courtesy of Ford Motor CompanyFord Motor Co. (NYSE: F) is trying to signal that any future CEO and leadership change is going to go smoothly. Its star CEO, Alan Mulally, is now said to…
ThinkstockLittle did sweater-clad Fiat CEO Sergio Marchionne know when he bought a controlling stake in troubled number three U.S. car maker Chrysler that he was hedging an unknown bet that Fiat would fall into disrepair…
General Motors Co. (NYSE: GM) reported third-quarter 2012 results before markets opened this morning. The automaker posted diluted earnings per share (EPS) of $0.89 on revenues of $37.6 billion. In the same period a…
courtesy of FordFord Motor Co. (NYSE: F) reported its third-quarter earnings on Tuesday while the markets were closed. The auto giant beat earnings expectations but this quarter was saved by North American business. Ford…
Chrysler Group reported on Monday that the company’s net income for the third-quarter totaled $381 million, up 80% from $212 million in the same period a year ago. Net revenue totaled $15.5 billion, or…