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Volvo profit surges thanks to record sales


Swedish carmaker Volvo Car Group, owned by China’s Geely, announced recently its 2014 operating profit jumped 17.5% after posting record sales figures last year, buoyed by the very rapid growth in China and the continued recovery in Europe. The two major regions, China – the world’s largest auto market – and Europe, the carmaker’s home base, managed to offset a slumping ...
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VW CEO sees outsiders as potential successors
According to German weekly magazine Stern, Volkswagen AG chief executive Martin Winterkorn has set his eyes on Andreas Renschler and Herbert Diess, two new executives hired after leaving rivals Daimler ...
Renault Nissan CEO Ghosn confident Infiniti would eventually take rightful place
Known to be highly focused on efficiency, Carlos Ghosn, the CEO of Infiniti’s parent Renault Nissan, believes it’s high time the premium automaker ends its long running streak of over ...
Honda CEO Ito surprisingly resigns, to be replaced by engineer
The third largest Japanese automaker, Honda Motor, surprisingly announced that its current chief executive officer - Takanobu Ito – would vacate the post in late June after six years running ...
Report – Porsche CEO to get seat in VW’s Group management board
According to the most recent media reports, the Volkswagen Group – the second largest automaker in the world and Europe’s biggest – is planning to add Porsche CEO Matthias Mueller ...
US: Ally Financial’s CEO believes GM leasing contract to be all but lost
Ally Financial Inc has taken numerous measures to ensure it can replace the remainder of its exclusive leasing deals with the largest US automaker, General Motors, forecasting that the former ...
Former GM CEO gives car expert warning to Apple
Dan Akerson, the now retired chief executive officer of General Motors believes Apple Inc. should not enter the business of developing and building automobiles – instead counseling them to push ...
Exclusive: Rolls-Royce’s SUV will not make an appearance in Geneva for the International Motor Show
The BMW-owned ultra-luxury British brand Rolls-Royce has shed the ultimate barrier – following months of speculation, rumors and executive hints, it officially confirmed it will develop and build a flagship ...
Daimler gives its CEO a pay raise of 1.4%
Chief executive officer Dieter Zetsche has received a salary upgrade of 1.4 percent from Germany’s Daimler after in 2014 the executive steered Mercedes-Benz, the world’s third largest luxury automaker, to ...
Takata investors worried after Honda backs out of financial help
Takata Corp., the auto safety supplier involved in a global crisis over defective airbags, has taken a hit after Honda Motor, the third largest Japanese automaker and its biggest client ...

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