Ford Motor Co. (NYSE: F), the second-largest U.S. carmaker, is expected to report Friday its first-quarter earnings plunged by 42.6 percent as gains in North America couldn't offset a slump in vehicle demand in Europe and slowing sales growth in South America and Asia.
Orders for long-lasting goods sank in March by the largest margin in three years, hurt by falling demand for commercial aircraft, the Commerce Department reported Wednesday.
PSA Peugeot Citroen may build cars in India with General Motors its new partner, said Gregoire Olivier, Peugeot's head of Asian operations, according to a Reuters report. The move would effectively discard its planned $850 million investment in its own manufacturing facility in India, Reuters report said.
Delphi Automotive Plc (DLPH) reported earnings per share of $1.04 for the first quarter of 2012 on Tuesday, up 247 percent since last year, and beating analyst predictions as revenue and income rose for the automotive electronics supplier.
PSA Peugeot Citroen
said it may build cars in India with General Motors , its new global alliance partner, effectively scrapping a planned 650 million euro ($850 million) investment in its own factory.
PSA Peugeot Citroen
said it may build cars in India with General Motors , its new global alliance partner, effectively scrapping a planned 650 million euro ($850 million) investment in its own factory.
General Motors Co. will open 600 Chinese dealerships this year, chairman and CEO Dan Akerson said Monday.
Earnings season is in full swing, and about 80 percent of the companies that have already reported topped estimates. We ran a screen and produced a list of 50 key companies set to report their earnings between April 23 and 27.
Ford Motor Co. (NYSE: F) said Thursday it will build a $760 million assembly plant in Hangzhou as part of a plan to double its production capacity in China by 2015 and catch up with global rivals.
Automaker Ford said Thursday that it plans to build a $760-million assembly plant in the eastern Chinese city of Hangzhou as part of expansion plans in the country.
Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.
General Motors (GM.N) and Chinese partner SAIC Motor Corp. (600104.SS) have agreed to let GM to buy back the 1 percent share of the joint venture the Detroit automaker sold during its financial crisis several years ago, according to a source familiar with the plan.
A divided federal appeals court struck down a federal ban on political advertising on public TV and radio stations, a decision that could open the public airwaves to campaign ads for the November elections.
Turnaround advisor AlixPartners has been put up for sale in a deal that may value the firm at more than $1 billion.
General Motors Co. is developing a new electric or hybrid car, a company spokesman confirmed Wednesday, following an explosion at its Alternative Energy Center in Warren, Mich., where the company develops its batteries for vehicles like the Chevy Volt.
Technology investors are about to endure the quarterly torrent of earnings reports, starting Thursday with Google (Nasdaq: GOOG) and escalating next week with other top names.
If you only have time for a few cars at the New York Auto Show 2012, here are the top ten to see, and some other observations to help you on your way.
Plug-in cars and hybrids are all the rage, but new information reveals that many of them don't save their owners money until decades after they are purchased.
China's auto industry will enjoy an $11.6 billion boost in the coming year, as Ford (NYSE: F) and Volvo try to increase output and market share in Asia.
GM sales in China rose sharply in March, a somewhat unexpected increase, as competitors in the country are seeing only modest gains. Sales were driven into high gear by the six-speed Buick Excelle, a luxury sedan manufactured locally that -- at over $20,000 -- is an icon of achievement for the burgeoning upper middle-class in China.
Ford Motor Co is rolling out new Lincoln models with a panoramic glass roof option to lure younger, more affluent buyers, as the No. 2 U.S. automaker tries to revive a luxury brand whose sales peaked two decades ago.
U.S. sales of autos surged in March as consumers decided to replace aging gas-guzzlers and take advantage of low interest rates, especially to buy fuel-efficient vehicles.