Industry

In an interview in the New York Times yesterday, Fiat CEO Sergio Marchionne said that European automakers need to work together to fix the problems facing the region. He also said that the deep discounts that are being employed by some automakers ...

Volkswagen has posted a 22.6% increase in revenue to €95.4 billion and increased profits by 6.7% to €6.5 billion in the first half of the year. It now controls 12.3% of the global automotive market.  “We can be s...

Nissan has declared a $1.5 billion (¥120.7 billion) operating profit for the quarter. However, this number is 20% lower than in the same period last year. The reason for the lower number is the strong yen affecting exchange rates, especially i...

Tesla has posted a $105.6 million net loss for the second quarter of 2012, and revenue was down 54% to 26.7 million. In the same quarter last year, it posted $58.9 million net loss. Despite the loss, it has just begun to deliver the Model S sedan....

French Industry Minister Arnaud Montebourg issued a statement on Wednesday saying that the country plans to give strong subsidies on low emissions vehicles to provide support to the French auto industry and dealers. The plan's goal is to ...

Toyota annnounced yesterday that it has sold 4.97 million cars in the first half of 2012. That beats the 4.67 million cars General Motors has sold in the same period and the 4.45 million cars from Volkswagen. Toyota suffered last year after the ts...

Daimler Group has posted a before tax income of €2.243 billion compared to €2.581 billion in the second quarter of 2011. Net profit for the period was €1.515 billion compared to €1,704 million in 2011. “Despite t...

Ford released its earnings for the second quarter today, and there is some good news and some bad news. The good news is that is made $1.829 billion for the quarter. The bad news is that it made $2.878 billion in the second quarter of 2011. That m...

Toyota completed its 200 millionth vehicle in June. It took the company 76 years and 11 months to reach the goal.  Toyota's first vehicle was the Model G1 truck that went into production in August 1935 when the company was still known...

Ford is considering jumping on the bandwagon in Europe with Peugeot and Fiat by closing a factory in Europe. The two most likely candidates are Southampton, England, and Genk, Belgium. Southampton is specifically on the chopping block bec...