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Honda’s Quarterly Net Income Surges 125%
4/28/2014Honda Motor Co. reports net income of 171 billion yen ($1.7 billion) in the fiscal fourth quarter ended March 31 compared with 76 billion yen a year earlier.
Lear’s Earnings Climb 12%
4/28/2014Seating suppliers Lear Corp. boosted worldwide revenue 10% to $3.9 billion in the first quarter of 2014.
Daimler May Shed Wholly Owned Dealerships
4/28/2014Daimler AG may restructure its 33 company-owned Mercedes-Benz dealerships in Germany in a bid to improve its operating margins, Bloomberg News reports.
GM Launches Expanded Korean Design Center
4/28/2014General Motors Co. has completed a $40 million project that doubled the size of its product design center in Incheon, South Korea.
Wiedeking Avoids Criminal Trial on Porsche’s Bid for VW
4/28/2014A German court has rejected criminal charges of market manipulation against former Porsche SE CEO Wendelin Wiedeking and ex-CFO Holger Haerter.
GM Retunes Executive Pay Incentives Formula
4/28/2014General Motors Co. has modified the way it incentivizes its top executives in an effort to more clearly link individual performance with the company's results.
PSA’s Revenue Improves as Deliveries Climb 8%
4/28/2014PSA Peugeot Citroen reports its first-quarter sales grew 2% to €13.3 billion.
GM Nominates UAW Executive to Board
4/25/2014General Motors Co. has nominated Joe Ashton, a vice president with the United Auto Workers union, to join its board of directors in June.
Ford’s Net Income Drops 39%
4/25/2014Ford Motor Co.'s first-quarter net earnings fell to $989 million from $1.6 billion in January-March 2013.
Mazda’s Net Income Quadruples
4/25/2014Mazda Motor Corp.'s net income surged to a record 136 billion yen ($1.3 billion) in the fiscal year ended March 31 from 34 billion yen in the previous 12-month period.