the union between the two companies. The potential profits he says are exponentially larger than the current combined global earnings of GM and ask yea quote. Look at their combined entity can make thirty billion dollars a year in cash he adds. We're not
see sort of phenomenal improvements in earnings going forward." Tesla CEO Elon Musk ..... who have been heavily relying on the earnings associated with that import function ..... import function, are going to see the earnings erode." Russia "I was criticized for
are exponentially larger than the current combined global earnings of GM and FCA. Marchionne says GM isn't taking his phone ..... the figures, Marchionne cites a staggering combined EBITDA ( earnings before interest, taxes, depreciation and amortization) figure
largest shareholder, which is also a major shareholder," Suzuki said. It added that the company has no plans to amend its earnings forecast in light of the dissolution and buy-back. Bad blood The disputes between VW and Suzuki were many, from jousting
profit margin of about 5 percent. Unlisted ZF today released its first-half results for the first time in its history. Earnings before interest and tax (EBIT) increased to 857 million euros, up from 454 million euros in the same period a year earlier
creating a further challenge for German luxury carmakers. The policy shift reduces the value of the automakers' repatriated earnings from the country and increases the costs of imports. Daimler has said the currency devaluation will have a "slight" effect
creating a further challenge for German luxury-car makers. The policy shift reduces the value of the automakers' repatriated earnings from the country and increases the costs of imports. Daimler has said the currency devaluation will have a "slight" effect
S ergio Marchionne says automakers consume too much capital. His solution: mergers and alliances. But few deals destroyed more capital than the historic 1998 union that created DaimlerChrysler AG. Chrysler was valued at $36 billion. Nine years later, it was zero when Daimler essentially paid ...
I n 2008, as Chrysler and General Motors were skidding toward bankruptcy, the companies began studying a possible merger, an idea that enthused top executives on both sides. But tensions flared quickly when lower-level managers began examining the details of such a momentous deal -- whose plants ...
I n 2008, when Mazda Motor Corp. executives were briefed about Ford Motor Co.'s unexpected decision to sell its stake in the carmaker from a controlling 33 percent to 13 percent, some worried about going alone. But Takashi Yamanouchi's reaction was unforgettable to those present. "This is a ...
company said, adding it would avoid forced layoffs and plant closures. Schaeffler has a total of 83,774 employees. Operating earnings at the industrial unit, which makes ball bearings for products ranging from cars through to tools and planes, fell 1.7
STOCKHOLM -- Volvo Car Group boosted its earnings goal for the year after its operating profit rose 71 percent ..... markets, China and North America. First-half operating earnings rose to 1.66 billion Swedish crowns ($194.66 million
bankers have grown concerned about risk in the sector. Wells Fargo's CEO John Shrewsberry said on the bank's first-quarter earnings call in April that auto lending has "gotten to be a more competitive market," adding, "we've picked our spots, I think
shipments in China, the world's largest auto market, fell 14 percent in the second quarter, weighing on its second-quarter earnings . The group said Lee Byung-ho was made head of Hyundai's main joint venture in China, while Kim Gyun was put in charge
NEW YORK (Bloomberg) -- Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla. In a note today, Jonas has increased the price target for Tesla to $465 from $280 (the stock is currently at about $243).
which specializes in after-market oil, fuel, air and coolant filters, posted 2014 sales of $967 million. The unit's earnings before interest, tax, depreciation and amortization were $156 million. Affinia's South America unit, with annual revenues
Sales of most of those vehicles are up, and so are transaction prices, leading the company to post record North American earnings in the second quarter. Ford executives are promising an even stronger performance in the second half of the year as F-150
The auto industry must come to grips with its prodigious excess in capital spending. As explored in this week's installment of the Automotive News series "Industry on Trial" (see Page 24), automotive companies keep reinventing their own versions of common hardware. Take two prime examples of ...
A utomotive News surveyed dealers on pricing trends at the retail level. Here's what they said. Q: How concerned are you about rising new car and light-truck prices? andnbsp;andnbsp;Very concerned andnbsp;andnbsp;Somewhat concerned andnbsp;andnbsp;Little concerned andnbsp;andnbsp;Not at all ...
A tangled web of differing global regulations -- mostly covering emissions and safety -- forces automakers and suppliers to spend billions on redundant engineering. A European automaker had to design, test and produce a completely different rear suspension for one of its cars in North America ...