Industry

Former Porsche CEO Wendelin Wiedeking and former Chief Financial Officer Holger Härter are facing charges in Germany for alleged market manipulation. German magazine Der Spiegel reports that prosecutors in the German state of Baden-...

The second founder of Wiesmann the sports car maker that builds custom BMW-engined roadsters has left the company meaning that there is no longer anyone with the name of Wiesmann working at Wiesmann.  Martin Wiesman who still headed the c...

General Motors was the final major auto company that had not released its financial statement for the second quarter of 2012. The company had net revenue $37.6 billion compared to $39.4 billion in the second quarter of 2011. Earnings before intere...

Volkswagen AG and Porsche finished their merger deal at the beginning of July, but they had to wait for the financial quarter to end before they could officially come together. Yesterday, August 1, the third quarter began and that meant the two Ge...

BMW Group had a rough second quarter in terms of net profit. Revenue was up 7.3% to €19.202 billion, but profit before tax was €1.977 billion down 25.4%. Net profit was €1.277 billion down 28.1%. It sold 475,011 units...

Last week, we reported on the financial results for Renault, Volkswagen Group, Nissan, Tesla, Toyota, Daimler, and Ford. It took a week for all of those results to be released. Today, Honda, Mazda, Mitsubishi, Chrysler, Audi, Porsche and Fiat...

General Motors has been having business problems in Europe, but now it appears that its corporate culture may be problematic as well. Over the weekend, it suddenly fired its global marketing chief Joel Ewanick, and David Lyon who had been pegged t...

While Volkswagen Group announced its quite robust first half of the year financial information yesterday, its subsidiaries are beginning to release their own individual reports. For the first half of the year, Skoda sold 493,000 vehicles worldwide...

Renault is down for the first half of the year but not quite as bad as anticipated. Total revenue was €20.935 billion, down 0.8% from last year, and it sold 1.33 million cars, down 3.3% from the first half of last year. Net profits were ...

In an interview in the New York Times today, Fiat and Chrysler CEO Sergio Marchionne continued to ask European automakers to work together to find a solution to the low auto sales sweeping the continent. He also turned his ire towards German autom...