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CFO says Aston Martin to reach profit since 2016


Hanno Kirner, the finance officer of British sports car manufacturer Aston Martin has announced that the automaker is expected to end its loss-making stint and return to a high profitability margin somewhere after 2016. The highly luxurious sports manufacturer, which has a 101-year history behind it, announced that after struggling to recuperate its business after the 2009 economic crisis a five-year ...
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Volkswagen plans investment in Indonesia
In order to strengthen its position in Southeast Asia’s second biggest automotive market, German automaker VW reportedly plans an important investment. According to Industry Minister MS Hidayat the investment concerns the ...
Fiat may need to close at least two plants in Europe, analysts say
To limit losses in Europe as its market share falls, Fiat aims to transform underused plants into export hubs for more expensive vehicles from Jeep, Alfa Romeo and Maserati. Still, the ...
Volvo gets $1.2 billion loan from China Development Bank
Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more ...
Report: Fiat to start investment in Italy even if PM Mario Monti resigns
Fiat CEO Sergio Marchionne may start a new investment plan for Italy as soon as next week in the southern town of Melfi, three people familiar with the matter told ...
Volkswagen shortens investment plan due to economic uncertainty in Europe
Volkswagen Group will invest 50.2 billion euros ($62.3 billion) in its automotive division within the next three years in order to accelerate growth. The company's three-year investment strategy from 2013 to ...
VW Expected to Increase Its Investment Target
Analysts expect VW to raise its planned investment by 12% to 70 billion euro until 2017. Today VW's 20-member supervisory board will decide on the automaker’s spending targets for 2013-2017, including ...
BMW Will Invest 200 Million Euro in Brazil
BMW announced it will invest 200 million euro in its Brazilian plant, to increase sales in the fast-growing luxury auto market. The plant will be situated in Santa Catarina and will ...
Slow Demand Makes Pirelli Trim Full-Year Target
Due to a general slowdown in demand, Pirelli has cut its investment plan and full-year sales target. After the company reported first quarter profit higher than expectations, it now declared that ...

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