Volkswagen posted forecast-beating third quarter profit, weathering a storm of less car sales, more spending and new pollution regulations which dented earnings at competitors Daimler and BMW. Automakers throughout the …
Evercore ISI
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- ChryslerFiat
KKR’s Calsonic purchases parts firm Magneti Marelli for $7.1 billion
by SpeedLuxby SpeedLuxJapan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has is set to purchase Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to establish the seventh-largest independent …
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Daimler stated its operating profit would decrease by over 10 percent this year, its second earnings warning since June, putting blame on “government proceedings and measures in various regions” as …
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Volvo Cars and its Chinese owner Geely have delayed plans to float shares in the Swedish automaker, putting blame on trade tensions and a slump in automotive stocks. But while …
- Volkswagen
Half of Volkswagen models in Germany not compliant with latest pollution standard
by SpeedLuxby SpeedLuxGerman automaker Volkswagen stated only half of its VW branded passenger car models in Germany are compliant with the latest pollution standard, due to a much stricter emissions testing regime. …
- Volkswagen
Volkswagen emissions scandal bill hits $30 billion after another charge
by SpeedLuxby SpeedLuxIn the United States, Volkswagen is taking another $3 billion charge to repair diesel engines, lifting the overall bill for its emissions-test scandal to around $30 billion. The automaker is …
- FiatVolkswagen
Experts believe Fiat Chrysler’s emissions not as huge as Volkswagen
by SpeedLuxby SpeedLuxAny prospective fines Fiat Chrysler Automobiles (FCA) might need to pay to settle a U.S. civil lawsuit over diesel emissions will unlikely top $1 billion, experts stated, including the case …
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Daimler shares increased over 3 percent in early trade after the Mercedes maker reported higher than anticipated first-quarter profits, enhanced by one-off gains and an increase in purchases of luxury …
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Profits at Volkswagen‘s core brand name plunged over a half in the 3 months through September, showing up the pressure on the German automaker to strike a huge cost-cutting deal …
