*Shares in Peugeot lost 23 pct in four days. *Goldman Sachs removes Peugeot from conviction buy list. PARIS, Dec 13- PSA Peugeot Citroen shares fell 11 percent on Friday for a 23 percent four-day drop after General Motors sold its 7 percent stake in the struggling French carmaker in a private placement to institutional investors.» Read More
Confronted with congressional concerns about global warming, the leaders of the U.S. auto industry are highlighting their work to develop alternative vehicles and asserting that the burdens of climate change cannot fall to one industry alone.
Automaker BMW AG said Wednesday that its pretax profit this year was set to rise above the 4.12 billion euros it posted in 2006 on the sentiment that its car sales would also rise.
These are interesting times for those who have toyed with the idea of buying a gas-electric hybrid. According to some analysis by Edmunds.com, hybrids have become much more attractive in terms of pricing, incentives and as a hedge against prices rising at the pump.
The news this morning of Ford selling it's Aston Martin luxury auto line brings to the end a 20 year run where Ford tried to make a high-end niche brand work for the world's third largest automaker. While Aston Martin has been a profitable operation, it has never been a good fit- for either Ford or Aston Martin.
Cash-strapped Ford Motor has sold a controlling stake in the Aston Martin brand, made famous by its exotic sports cars in James Bond movies, raising $848 million to help fund its turnaround plan.
CEO Frank Stronach said it was vital that Magna be involved in a possible sale of Chrysler to protect itself and help its biggest customer, the Globe and Mail reported.
Fast cars, smart cars and politically correct cars are all on display at one of the Europe's top auto shows.
The 77th International Auto Show in Geneva, Switzerland this year will no doubt be remembered by the presence of automakers exhibiting alternative powered technology.
Volkswagen, Europe's largest automaker, said Friday its fourth-quarter profit nearly tripled on strong vehicle sales.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
Here some of Wednesday's big movers on European stock markets: Alliance Boots, WM Morrison, Sainsbury, Tesco, Volkswagen, EADS, Xstrata and Deutsche Postbank.
Germany's BMW, the world's largest premium carmaker, said on Thursday its 2006 pre-tax profit rose by a quarter to a record 4.124 billion euros ($5.4 billion) on buoyant demand for its top selling 3-Series sedan.
While representatives from two private equity firms meet with Chrysler executives outside Detroit this week, there will be plenty of speculation about what it would take for them to bid on the American automaker.
Since the days of Barney Rubble, the wheel has been one of the basic indicators of global progress, and that's still true today. From 18-wheelers to hybrid vehicles, demand for tires is surging because of a healthy global economy. For some investors, the tire industry has been the proverbial road to riches. Should you be following along or is it time to wave the checkered flag on this trade
Right now, the best move for investors is to find stocks that made it through the sell-off without a scratch. Luckily, Cramer’s here to help.
Here some of Wednesday's big movers on European stock markets: Telekom Austria, Scania, Resolution, MAN, Iberia, Endesa, Vallourec, Lloyds TSB, RBS and ITV.
If you've seen as many auto show's as I have, you rarely are impressed by the new models, displays, and "shows" put on by the automakers. Well, Geneva has changed that.
Volkswagen said Wednesday it has increased its holdings in Swedish truckmaker Scania to more than 35% of the voting rights, in an attempt to pave the way for a friendly alliance with German rival MAN.
DaimlerChrysler will not auction off loss-making U.S. division Chrysler and could decide to keep the business at the end of a strategic review, Chief Executive Dieter Zetsche told a German paper.
The chief executive of DaimlerChrysler, Dieter Zetsche, said it would be difficult to break up Chrysler, as analysts and other experts have speculated recently, due to an integrated production system that binds together its various brands, The New York Times said.