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Europe’s slow recovery triggers pessimistic expectations from carmakers


During the 2013 IAA Frankfurt Motor Show, top executives of carmakers warned they need to close more factories and cut more jobs – as unemployment remained high and bank lending weak, any recovery in demand is likely to be long and slow. According to bosses of automakers including Volkswagen, PSA Peugeot Citroen, and Ford Europe, the sales in Europe appear to ...
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Daimler investors are not too happy with Mercedes-Benz' ambitious sales and profit targets. According to the Detroit News, many investors believe Mercedes' long-term sales and profit targets are impossible to meet ...
Daimler to miss its 2012 profit forecast by €1 billion
Daimler warned on Wednesday that it would miss its profit forecast in 2012 by about 1 billion euros and would not be able to improve profit margins next year as ...
GM looking to cut white-collar jobs in North America
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Ford F Series tops list of most profitable cars
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Chinese automaker BYD Co. reports profit decrease of 86% YOY
For the firs nine months of 2011, B.Y.D. Co reported a 86% fall in profit compared to last year and for sure isn’t the only car maker affected by diminishing ...

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