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Aston Martin’s CFO Quits
2/3/2015Hanno Kirner, chief financial officer for U.K.-based Aston Martin Lagonda Ltd., has left to become CFO of the land and sea division of Rolls-Royce plc, sources tell the Financial Times.
Australia Cut Interest Rates to New Low
2/3/2015The Reserve Bank of Australia has lowered its benchmark lending rate from 2.5% to a record low 2.25% in an effort to bolster the country's weak economy.
Oil Prices Continue to Rally
2/3/2015Crude oil futures rose again on Monday amid trader speculation that the market's seven-month decline has ended.
Exchange Rates Killed Renault-Sourced Car for Mitsubishi
2/3/2015Last month Mitsubishi Motors Corp. told U.S. dealers an expected D-segment sedan being developed for them with the Renault-Nissan alliance was dead.
January Sales Up in France, Spain
2/3/2015Deliveries of passenger vehicles in France reversed a three-month slide by expanding 6% in January, according to industry group CCFA.
Renault Unveils Kadjar Small Crossover
2/2/2015Renault SA predicts its new Kadjar small crossover vehicle will become a top-selling model in the compact SUV market, thanks to its "fluid" styling and relatively rich content.
White House Wants Bigger Budget for Vehicle Defect Office
2/2/2015The U.S. government's vehicle defect office would receive nearly three times the funding in 2016 under a budget proposed by the White House.
Lamborghini Delays Crossover Again
2/2/2015Volkswagen AG's Lamborghini supercar unit has again delayed plans to introduce its first crossover vehicle.
Audi May Hit 2 Million Sales Target Before 2020
2/2/2015Audi AG CEO Rupert Stadler tells Reuters the company could achieve its annual sales goal of 2 million vehicles by 2019, a year ahead of plan.
Court Overturns Spyker Bankruptcy
2/2/2015A Dutch appeals court has nullified a ruling in mid-December that declared the struggling carmaker Spyker NV and its Spyker Automobielen BV unit insolvent.