Evercore ISI | SpeedLux

Volkswagen rides out impact of new pollution regulations on car sales

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

Chrysler7 years ago

KKR’s Calsonic purchases parts firm Magneti Marelli for $7.1 billion

Japan’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

Daimler7 years ago

Daimler’s operating profit to fall due to crackdown on diesel

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

Volvo7 years ago

Volvo Cars drops IPO following trade tensions and auto stocks slump

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

Volkswagen7 years ago

Half of Volkswagen models in Germany not compliant with latest pollution standard

German 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.

Volkswagen8 years ago

Volkswagen emissions scandal bill hits $30 billion after another charge

In 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

Volkswagen8 years ago

Experts believe Fiat Chrysler’s emissions not as huge as Volkswagen

Any 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

Daimler8 years ago

Daimler shares rise following the boost in Mercedes sales

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

Volkswagen9 years ago

Volkswagen Brand Profit Dives, Porsche Lifts Automaker

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

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