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Lotus CEO mulls return to profit


Just last week we told you the British exotic sports car maker has announced it would move to cut a serious part of its workforce in order to streamline its money-losing business. The situation is dire at the small manufacturer, which unlike bigger sport car producers has no multinational ownership to address its problems with cash infusions. While the maker has ...
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Mercedes fights BMW in the investor field
BMW, the world’s largest luxury automaker has long been the favorite of investors as well, but Mercedes-Benz latest strategy looks to threaten its rival in this business field as well. The ...
BMW executive says the automaker is shifting to profitability
In an interview with German magazine Automobilwoche, BMW’s Chief Executive Norbert Reithofer hints the automaker is ready to shift its policy from sales volumes to improving the pricing and earnings ...
Ghosn wants his alliance to catch up to biggest rivals
Carlos Ghosn, the chief executive of French-Japanese Renault-Nissan alliance intends to boost profitability and grow sales across all regions, allowing them to enter the top three global automakers. The automotive alliance ...
Fiat brand to still focus on Europe for profit
While Fiat Chrysler Automobiles ambitious five-year business plan presented two days ago called for most of its brands to go global, the Fiat namesake brand is a little more modest, ...
Peugeot Cuts by Half Its Lineup to reach 2% Margins by 2018
PSA Peugeot Citroen plans to return to profitability by cutting its model lineup by almost 50% and by turning the Citroen unit’s DS badge into a stand-alone brand. PSA Peugeot Citroen ...
PSA Peugeot Citroen Might Reduce Model Range to Return to Profitability
PSA Peugeot Citroen might see its model range reduce, part of the restructuring strategy aimed at returning the company to profit. The new chief executive officer of PSA Peugeot Citroen, Carlos ...
Daimler Buses To Boost Sales in 2013 and Return to Profitability
Daimler Buses aims at increasing sales and return to profitability this year. Daimler Buses is relying on its major product offensive and on its implementation of the GLOBE2013 efficiency and growth ...
Suppliers Expect Toyota to Reduce Price Cuts Due to Weak Yen
Toyota’s suppliers said the automaker might not ask them to cut prices as the weak yen will boost profit. Over the last two years the strong yen made Toyota impose some ...
Bosch Cuts Investments for 2013
Robert Bosch said that this year it will postpone investments as the crisis in Europe made the company miss its 2012 profitability target. According to Chief Executive Officer Volkmar Denner, Bosch’s ...

latest automotive news
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Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
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Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
Dec.19 (GMM/Inautonews.com) F1 is now speeding towards yet another new set of engine regulations. On Thursday at a Geneva meeting ...
GM and Jaguar Land Rover stopped deliveries to Russia
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
While critics accuse Uber of price gouging over the high fees asked in Sydney for the people who were fleeing ...
Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
Price of U.S. gas reaches under $2.50 a gallon
U.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more ...
Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
Spyker declares bankruptcy
On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan ...