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BMW Profits Grow 3%
5/6/2014BMW AG reports an operating profit of €2.09 billion ($2.9 billion) in the first quarter compared with €2.04 billion in January-March 2013.
Suzuki to Expand Automated Manual Gearbox Offering
5/6/2014Suzuki Motor Corp. aims to hike sales of its automated manual transmission by offering the system in emerging markets where automatics are rare, The Nikkei, reports.
TrueCar Files for $109 Million IPO
5/6/2014Online car buying service TrueCar Inc. has filed for an initial public offering to sell nearly 7.8 million shares at $12-$14 per share.
German Prosecutors Appeal Wiedeking Ruling
5/6/2014German prosecutors in Stuttgart have appealed last month's court ruling that blocked them from proceeding with a market manipulation trial for former Porsche SE CEO Wendelin Wiedeking.
JLR Shares Aluminum Know-How with Competitors
5/6/2014Tata Motors Ltd.'s Jaguar Land Rover unit hopes that sharing its knowledge about making aluminum vehicles with other carmakers ultimately will reduce costs for everyone, Automotive News Europe reports.
Cost of Aston Martin’s Product Plan Worries Investors
5/6/2014Several analysts are recommending that investors sell the Aston Martin debt they hold because of the cost of the British luxury carmaker's product development plan, Bloomberg News reports.
EU Raises Growth Forecast
5/6/2014The European Commission, which in February predicted 1.5% growth in the EU26 this year, now expects the region's economy to expand 1.6% in 2014.
French Court Overturns Ban on Mercedes-Benz Sales
5/6/2014France's Conseil d'Etat has rejected the government's ban last year on the sale of Mercedes-Benz cars equipped with an air-conditioning refrigerant outlawed by the EU.
Engineer Who Led GM Ignition Switch Analysis Leaves Company
5/5/2014The General Motors Co. engineer who in 2012 headed an assessment of the ignition switch that is now being recalled in 2.6 million cars, has retired, effective immediately.
Factory Activity in China May Be Reviving
5/5/2014Manufacturing in China remains sluggish, although the malaise may be ending, according to two purchasing indexes that track such activity.