From software companies to drugmakers to fast food chains, economic weakness in China is denting multinationals' financials this earnings season.» Read More
Italian carmaker Fiat. is investing 1.2 billion euros in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW and Porsche.
From auto sales to health care to the NFL to the price of gasoline, CNBC's anchors, reporters, editors and contributors make calls on what 2013 will bring.
What will the auto industry do next year?
You hear it all the time: market share doesn't matter, profits do. True, at the end of the day I'd rather have a profitable automaker selling fewer vehicles than a money loser leading in market share.
CNBC's Phil LeBeau speaks to Volkswagen of America president & CEO Jonathan Browning, about the Beetle Convertible coming out mid-December.
*Q3 revenue 18.8 bln euros vs 17.7 bln forecast. FRANKFURT, Nov 6- BMW, the world's largest premium carmaker, warned it was beginning to feel the pain of a sickly European market, overshadowing strong quarterly results and a forecast for record annual profit.
SAO PAULO, Nov 6- Brazilian car dealerships cut their 2012 sales forecast in half on Tuesday as short-term tax incentives boosted demand less than was expected in the world's fourth-largest auto market.
YOKOHAMA, Japan, Nov 6- Counting the cost of anti-Japanese protests in a territorial dispute with China, Nissan Motor Co cut its full-year net profit forecast by a fifth to $3.99 billion, and said it had lost share in its biggest market.
YOKOHAMA, Japan, Nov 6- Nissan Motor Co cut its full-year net profit forecast by a fifth to $3.99 billion, joining rival Honda Motor, after car sales tumbled in China, the world's biggest autos market, amid anti-Japanese protests over a territorial dispute.
*Toyota shares up 2.2 pct ahead of Q2 results. TOKYO, Nov 5- Toyota Motor Corp nudged its full-year net profit forecast up to $9.7 billion, even as it put the cost of recent anti-Japanese protests and a slowing economy in China, the world's biggest autos market, at lost sales of 200,000 cars.
TOKYO, Nov 5- Toyota Motor Corp raised its full-year net profit forecast to $9.7 billion even after its sales in China, the world's biggest autos market, were battered by a popular backlash against Japan over a territorial dispute.
*Combined losses could top $6 bln in Europe in 2012-13. PARIS/ DETROIT, Nov 3- Ford Motor Co, which clung to the road with a timely swerve before the 2009 crisis that bankrupted General Motors Co, may now be pulling a similar stunt in Europe.
*Third-quarter adjusted earnings $0.44, beat estimates by 5 cents. The maker of specialty components for energy, transportation and manufacturing said it had earned $73.0 million, or 78 cents per share, in the third quarter, compared with $108.5 million, or $1.17 per share, a year earlier.
DETROIT, Nov 1- Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.
*Ford October sales edge up; Toyota's up 16 pct. While General Motors Co and Chrysler Group LLC both reported their strongest sales for October since the 2007-09 financial crisis, the massive storm that hit the U.S. East Coast took as much as 30,000 vehicle sales out of the mix.
*Ford October sales edge up; Toyota's up 16 pct. DETROIT, Nov 1- General Motors Co and Chrysler Group LLC both reported their strongest U.S. sales for the month of October since the financial crisis sent both U.S. automakers into bankruptcy, but the destruction of storm Sandy will cause the sector to miss overall sales expectations.
MILAN, Oct 30- Fiat SpA sharply cut its performance targets for the next two years, saying languishing sales in austerity-hit Europe may lop off a third of its previous projections for 2014 trading profit.
*Denies report of Opel talks. MILAN, Oct 30- Fiat sharply cut its group targets for the next two years on Tuesday, saying languishing sales in austerity-hit Europe may mean its trading profit in 2014 is a third lower than it targeted two years ago.
MILAN, Oct 30- Fiat cut its group targets for 2013 and 2014 on Tuesday, saying that as sales languish in austerity-hit Europe trading profit in 2014 may be a third lower than a target it set a couple of years ago. It cut its 2014 revenue target to 94- 98 billion euros from a previous forecast of 104 billion and also sees higher debt.
MILAN, Oct 30- Fiat downshifted its full-year forecasts to the lower end of its range on Tuesday and said net debt would overshoot a previous target by as much as one billion euros in the face of a persistently weak European car market.