Chrysler CEO Sergio Marchionne, blunt in his assessment of how European leaders have handled their faltering economy, says Europeans need to stop complaining.
The continuing decline in the European economy is a "concern" for Nissan but it is somewhat offset by growing markets in Russia, China, “and even in the United States,” Andy Palmer, Nissan’s executive vice president, told CNBC's 'Squawk Box' on Wednesday.
Mazda Motor is in talks with Fiat to form a business tie-up, a source said, as the loss-making Japanese automaker seeks a revival path after losing its strategic partnership with Ford Motor.
Nissan Motor said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi and Mercedes Benz maker Daimler.
Nissan Motor posted on Friday a one-third jump in quarterly profit and projected a 28 percent rise in the year ahead driven by brisk sales momentum in emerging markets.
Thursday, 10 May 2012 | Posted By:
| Source: CNBC.com
The mean amount of time U.S. workers spend commuting is 23.8 minutes, or almost four hours a week, so their cars had better be comfortable, reliable and nimble. Kelley Blue Book has provided CNBC.com with its list of 10 cars that are the best for commuting.
Wednesday, 9 May 2012 | Posted By:
| Source: CNBC.com
There is more opportunity for Ford Motor to grow its market share in India than in China, as it faces less competition there than in the mainland, Joe Hinrichs, Asia Pacific and Africa President at the automaker, said.
Wednesday, 9 May 2012 | Posted By:
| Source: CNBC.com
While fiscal 2012-2013 is shaping up to be a turnaround year for Toyota after hitting roadblocks including natural disasters and a vehicle recall crisis, the world’s second largest carmaker is still off from its earnings peak seen in 2008, highlights one analyst.
Toyota Motor, Japan's top automaker, expects to triple its operating profit this year to more than $12.5 billion, its highest since the financial crisis sent the global car industry skidding.
Honda Motor forecast a near-tripling of operating profit in the year ahead on surging Asian sales and a recovery in the United States, marking an emphatic rebound from a 2011 hammered by the yen's record strength and natural disasters.
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