Daimler, VW dampen speculation about imminent CEO succession


MUNICH - Succession is not an imminent topic at Daimler or Volkswagen , the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies.

Chrysler recalls 33,443 light trucks in U.S. for tyre pressure issues 30 Oct 2014

DETROIT - Chrysler Group said on Thursday that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tyre pressure monitor systems.


Volkswagen profit jumps on record Audi, Porsche sales 30 Oct 2014

BERLIN - Germany's Volkswagen posted higher-than-expected operating profit in the third quarter, boosted by European and Chinese buyers of its luxury Audi and Porsche models.

Volkswagen's Skoda Auto says nine-month deliveries up by 13 percent to 774,100 cars 30 Oct 2014

PRAGUE - Global sales at Volkswagen's Czech unit Skoda Auto rose by 13 percent to 774,100 cars in the first nine months of the year, it said on Thursday.


Hyundai plans to take on Toyota's Prius with new hybrid model 30 Oct 2014

SEOUL - South Korea's Hyundai Motor Co said it is developing its first dedicated gas-electric car that would go up against Toyota Motor Corp's best-selling Prius.


Fiat Chrysler to spin off Ferrari, issue $2.5 billion convertible bond 29 Oct 2014

MILAN - Fiat Chrysler Automobiles (FCA) said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion (1.56 billion pound) convertible bond issue to help fund its ambitious business plan.


Renault posts revenue gain on stronger pricing 29 Oct 2014

PARIS - Renault's third-quarter revenue rose 6.7 percent as price increases helped overcome weaker emerging market sales, the French carmaker said on Wednesday, upgrading its European auto market growth forecast for the full year.

Fiat Chrysler not to list stakes in other brands apart from Ferrari 29 Oct 2014

MILAN - Fiat Chrysler has no intention to list stakes in Maserati, Alfa Romeo or any other of its brands, Chief Executive Sergio Marchionne said on Wednesday after announcing plans to list a 10 percent stake in luxury group Ferrari.


Fiat Chrysler shares soar on Ferrari, capital boost news 29 Oct 2014

MILAN - Shares in Fiat Chrysler rose more than 18 percent to a six-month high on Wednesday after the company announced plans to spin off its luxury car unit Ferrari and issue a mandatory convertible bond.


Fiat Chrysler to issue $2.5 billion mandatory convertible, shares 29 Oct 2014

MILAN - Fiat Chrysler Automobiles said on Wednesday it would issue a mandatory convertible bond for $2.5 billion (1.55 billion pounds) and place up to 100 million of its shares to shore up funding for its 48-billion euros (37.86 billion pounds) investment plan.