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Archive | September, 2015

Finance Chief Poetsch Close To Taking Over Piech Job

Finance Chief Poetsch Close To Taking Over Piech Job. Investors Seeking Outsider Shakeup Disappointed. Volkswagen finance chief Hans Dieter Poetsch will replace Ferdinand Piech as chairman, if he is supported by the supervisory board, and wins a shareholder vote at a meeting in November. The likely appointment was immediately denounced by some investors who believe […]

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U.S. Car Sales Pace Set To Remain Strong

U.S. Car Sales Pace Set To Remain Strong. August Annual Rate 17.81 Million, The Highest Since July 2005. U.S. light vehicle sales are likely to remain strong in the current quarter as the improved jobs market, gains in disposable income and housing market improvements boost consumer confidence, according to Standard & Poors. In August, U.S. […]

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VW Top Management May Pay The Price For U.S. Diesel Shenanigans

VW Top Management May Pay The Price For U.S. Diesel Shenanigans. LONDON, Sept 22, Graphic News: Volkswagen investors dumped their shares as the financial implications of the company’s shocking decision to bamboozle the U.S. Environmental Protection Agency’s (EPA) diesel emissions rules threatened the future of Europe’s biggest car company. On stock markets, this wiped about […]

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GM’s European Subsidiary Opel-Vauxhall Wins Barra Approval

GM’s European Subsidiary Opel-Vauxhall Wins Barra Approval “I want to restate the importance of Europe for GM “ FRANKFURT, Germany – General Motors’ European subsidiary Opel-Vauxhall, long a financial basket case with a questionable future, is now looked upon favourably by its Detroit masters as a key element in its plans. GM CEO Mary Barra, […]

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Worries Frankfurt Might See Profit Warnings Fail To Materialise

Worries Frankfurt Might See Profit Warnings Fail To Materialise. Sales In Europe May Look Strong But Pricing Worries. “This year’s targets may still be achievable, but Q3 results, will be scoured for signs that 2016 will make headlines for the wrong reasons” Unfortunately for BMW CEO Harald Krueger, possibly the most notable image of the […]

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Jaguar Publishes Pictures Of Its First SUV

Jaguar Publishes Pictures Of Its First SUV “Will it cannabalize sales of the Range Rover Sport, Range Rover Evoque or Land Rover Discovery Sport?” British luxury sports car manufacturer Jaguar has published this so-called “teaser” picture of its first SUV, the F-Pace, before it is unveiled for the first time at next week’s Frankfurt Car […]

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