Post Tagged with: "auto"

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Continental says profit would rise faster than initially forecasted

Continental says profit would rise faster than initially forecasted

The European automotive supplier announced it would positively modify its full year profit guidance outlook following second quarter results that came with an earnings jump. The updated profit guidance comes as the second quarter results exceeded expectations thanks to the faster European auto market turnaround – Continental reported its new […]

US: July auto deliveries rise briskly for Detroit Three

US: July auto deliveries rise briskly for Detroit Three

With the hot summer yielding equally scorching auto deliveries, the top three automakers from Detroit managed to post gains that overcame even the analyst predictions, signaling the continued strength of the US auto industry. General Motors, the largest US automaker managed to rise 6.4 percent, thoroughly trumping expectations form analysts […]

Is Apple gearing up to deliver an automotive division?

Is Apple gearing up to deliver an automotive division?

The Cupertino-based technology giant, arguably the most valuable company in the world, has opted to bring into its ranks yet another major automotive executive. Apple has recently hired Doug Betts, an auto manufacturing executive that worked for Fiat Chrysler Automobiles NV, according to a recent report from the Wall Street […]

US: Steve Miller is back in the auto world

US: Steve Miller is back in the auto world

Known for rescuing Chrysler in 1981 from bankruptcy and also the more recent car technology supplier Delphi from a financial impasse, Steve Miller is diving back into the car business. The 73-year-old car whisperer will become later this month the President, CEO and director of the $6 billion part company […]

Europe: Greek auto sales fall in June

Europe: Greek auto sales fall in June

Greece, which is in complete turmoil, has posted the biggest fall in demand for new vehicle sales of any western European car market last month, according to industry figures. The auto sales in June plunged 21.6 percent from the same level last year as political uncertainty hovered as the country […]

Booming auto market attracting investors to Mexico

Booming auto market attracting investors to Mexico

Interested investors have stayed clear of the automotive industry for years after the Great Recession, but the recent international boom of certain countries, such as Mexico or Spain, has rekindled sagging interest. For example, when it comes to Mexico a huge opportunity arises today as Nemak SAB will incur a […]