Renault is poised to raise its bet on Russia, voting with other shareholders in troubled AvtoVAZ to launch an 85 billion ruble (1.2 billion euro) recapitalization in which the French carmaker may be the sole cash contributor.
Volkswagen Group is not considering the sale of any of its brands or a capital increase to cope with the costs of its emissions scandal, Chairman Hans Dieter Poetsch told German business daily Boersen-Zeitung.
Audi’s labor boss has called on the automaker’s top management to build more electric models in Germany and extend a job guarantee for workers in its home market beyond 2018.
Nissan could decide to end production of its Juke subcompact SUV in the UK after the country voted to leave the EU. Nissan Chief Performance Officer Trevor Mann declined to give assurances that Juke output will continue at the automaker’s factory in Sunderland.
Nissan wants Britain to pledge compensation for any tax barriers resulting from its decision to leave the European Union, or the Japanese automaker could scrap a potential new investment in the country’s biggest car plant, CEO Carlos Ghosn said.
In total, Škoda Auto has delivered more than 580,000 ŠKODA YETIs to customers worldwide. Due to high demand, ŠKODA is currently expanding the capacity for the production of the compact SUV.
Jaguar Land Rover has started work on its new factory in Slovakia. The plant will build a range of all-new aluminum Jaguar Land Rover vehicles, JLR said in a statement on Tuesday.
Global debut of the new large SUV by ŠKODA: followed by a spectacular show set in the Berlin power plant the new ŠKODA KODIAQ rolled into the spotlight last week.
Volkswagen will review its supplier and procurement strategy to avoid another dispute such as the one that caused production slowdowns and stoppages at six of its 10 German factories this month, CEO Matthias Mueller said.
Nissan CEO Carlos Ghosn said future investment decisions about Britain’s biggest car plant will depend on the terms of a Brexit deal struck with the European Union on customs, trade and free movement of goods.
BMW’s second-quarter profit climbed 7.9 percent as the automaker kept a tight hold on costs to offset a reliance on less-expensive vehicles such as the X1 compact SUV to boost sales.Earnings before interest and tax rose to 2.73 billion euros ($3.05 billion) from 2.53 billion euros last year.
Toyota Motor Corp. said operating profit in the latest quarter fell 15 percent to 642 billion yen ($6.33 billion) as a strong yen weighed on earnings. Net income in the three months through June dropped to 552.47 billion yen, the automaker said today. Revenue fell to 6.59 trillion yen.
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