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EU Approves France’s Loan Guarantees for PSA Bank
7/31/2013The EU has ruled that the French government's guarantee of €7 billion loans to PSA Peugeot Citroen's finance arm will not significantly distort auto competition in the region.
VW's First-Half Income Slides 46%
7/31/2013Volkswagen AG's net profit dropped to €4.8 billion in the first half of 2013 from €8.9 billion a year earlier despite a 4% increase in revenue to €98.7 billion.
VW First-Half Income Slides 46%
7/31/2013Volkswagen AG's net profit dropped to €4.8 billion ($6.4 billion) in the first half of 2013 from €8.9 billion ($11.8 billion) a year earlier despite a 4% increase in revenue to €98.7 billion ($131 billion).
Toyota Output May Top 10 Million Units in 2013
7/31/2013Toyota Motor Corp. aims to build 10.1 million passenger and commercial vehicles the current calendar year, 190,000 more than previously planned, The Nikkei reports.
U.S. Consumer Confidence Weakens
7/30/2013Americans are slightly less optimistic about the economy this month than they were in June because of slightly lower expectations for jobs and growth, according to the New York City-based Conference Board.
Researchers Push Knock Control to the Edge
7/30/2013Scientists at Villanova University in suburban Philadelphia say tweaking the configuration of a standard engine knock control system can significantly boost fuel efficiency, lower emissions and increase torque without damaging the powerplant.
Goodyear More Than Doubles Earnings
7/30/2013Goodyear Tire & Rubber Co. boosted net income to $181 million in the second quarter of 2013 from $85 million a year earlier.
Chrysler Profit Climbs 16% But Outlook Sinks
7/30/2013Chrysler Group LLC's net earnings rose to $507 million (€382 million) in the second quarter of this year from $436 million (€328 million) in the same period of 2012.
Chrysler Hikes Profit 16% But Lowers Outlook
7/30/2013Chrysler Group LLC's net earnings climbed to $507 million in the second quarter of this year from $436 million in the same period of 2012.
Tenneco Profit Drops 28% As Tax Rate Soars
7/30/2013Tenneco Inc. netted $63 million in the second quarter of 2013 compared with $87 million a year earlier.