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Subaru of America COO to Become Its President
3/25/2013Subaru Motors Corp. has promoted Tom Doll, CFO and chief operating officer of its U.S. unit, to president, effective April 1.
Pininfarina Returns to Profitability
3/25/2013Pininfarina SpA posted net earnings of €33 million last year compared to a €12 million loss in 2011, marking the company's first profit since 2004.
Citroen Promises 2CV Successor by Year-End
3/25/2013PSA Peugeot Citroen confirms earlier reports that it will build a successor the iconic 2CV car it debuted shortly after World War II.
Schaeffler to Acquire Engineering Services Firm
3/25/2013Schaeffler AG will boost its stake in German engineering services provider IFT Ingenieurgesellschaft Triebwerkstechnik mbH to 100% from 49% by mid-year.
Chinese Dealers Exaggerated Volvo Sales
3/25/2013Zhejiang Geely Holding Group's Volvo Cars unit confirms that some of its 150 dealers in China recorded sales in 2011 that hadn't occurred in a ploy to receive additional cash incentives.
Volvo’s Chinese Dealers Inflated Sales
3/25/2013Zhejiang Geely Holding Group's Volvo Cars unit confirms that some of its 150 dealers in China recorded sales in 2011 that hadn't occurred in a ploy to receive additional cash incentives.
VW Makes Low Offer for MAN Shares
3/24/2013Volkswagen AG has offered €80.89 per share for the 24.97% of German truckmaker MAN SE that it doesn't already own.
Toyota to Boost Domestic Output
3/24/2013Toyota Motor Corp. intends to increase production in Japan 9% from its previous plan to about 2.5 million vehicles from April through December, The Nikkei reports.
German Business Confidence Drops
3/24/2013The optimism of German companies this month slipped from February's 10-month high as uncertainty about the EU bailout of Cyprus revived fears about the region's debt crisis, according to the Munich-based Ifo Institute for Economic Research.
Maruti Suzuki Projects 6% Growth in Its India Sales
3/24/2013Maruti Suzuki India Ltd. predicts its deliveries in India will expand 5%-7% in the fiscal year that begins April 1 from an estimated 1 million vehicles in the year just ending.