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• Nissan Down, Sees Sharp 08/09 Decline

  By Chang-Ran Kim, Asia auto correspondent TOKYO (Reuters) - Nissan Motor Co reported a 14 percent drop in fourth-quarter operating profit and forecast a sharp fall in annual profits this year due to a weaker dollar, rising commodity prices and sinking U.S....

  Tue May 13, 2008 @ 12:45 AM PDT

  Tags: Nissan Motor Co. Ltd., Operating Profit, Sharp Corp., Yen, Sales Strategy, Sales

• Nissan Operating Profit Falls 14 Percent

  TOKYO (Reuters) - Nissan Motor Co reported a 13.7 percent drop in fourth quarter operating profit on Tuesday and forecast a sharp fall in annual profits this year due to a weaker dollar, rising commodities prices and sinking U.S. demand....

  Mon May 12, 2008 @ 11:15 PM PDT

  Tags: Nissan Motor Co. Ltd., Operating Profit

• Government Faces Pension-fund Challenge

  LONDON (Reuters UK) - The government faces a legal challenge over tax on pension funds, which if successful, could see hundreds of million of pounds returned to occupational pension schemes, a pension lobby group said on Monday. The Wheels Common Investment Fund, an 8 billion pound...

  Mon May 12, 2008 @ 7:16 AM PDT

  Tags: Pension Fund, Government, Pension Scheme, NAPF, Taxes, Free Trade, Ford Motor Co., Tax

• Toyota Suspends China Plant After Quake

  TOKYO/SHANGHAI (Reuters) - Toyota Motor Corp on Monday suspended production at a 13,000-units-a-year joint venture plant in Chengdu, southwestern China, after a powerful earthquake struck, killing at least 107 people. A spokeswoman in Tokyo said operations at the factory, held ...

  Mon May 12, 2008 @ 6:16 AM PDT

  Tags: China, Factory, Toyota Motor Corp., FAW Group, Branding, Monitors & Displays, Ford Motor Co., General Motors Corp.

• Toyota Suspends China Factory After Quake

  TOKYO (Reuters) - Toyota Motor Corp on Monday suspended production at a 13,000 units-a-year joint-venture factory in Chengdu, southwestern China, after a powerful earthquake struck, killing at least 107 people. A spokeswoman in Tokyo said operations at the factory, held ...

  Mon May 12, 2008 @ 5:30 AM PDT

  Tags: China, Factory, Toyota Motor Corp., Quake

• Renault-Nissan, Bajaj to Form Low-cost Car Venture

  PARIS (Reuters) - Renault-Nissan and Indian carmaker Bajaj Auto said on Monday they would form a joint venture company to develop a low-cost car model with a wholesale price range starting from $2,500. The new joint-venture company will be 50 percent owned by...

  Mon May 12, 2008 @ 12:00 AM PDT

  Tags: Nissan Motor Co. Ltd., Renault, Venture Capital, Sales Strategy, Manufacturing, Marketing Research, Financial Services, Finance

• Kerkorian Launches Tender Offer For Ford Shares

  By David Bailey DETROIT (Reuters UK) - Billionaire investor Kirk Kerkorian on Friday launched a planned tender offer to add to a Ford (F) stake he called an "attractive investment," and not one he acquired to influence the automaker. Just how passive the long-time activist investor...

  Fri May 9, 2008 @ 2:00 PM PDT

  Tags: Ford Motor Co., Kirk Kerkorian, Tracinda, Manufacturing, Corporate Governance, Business Operations, General Motors Corp., Investment Vehicle

• Toyota Shares Slide After Bleak Profit Forecasts

  By Chang-Ran Kim and Sachi Izumi TOKYO (Reuters) - Shares in Toyota Motor Corp skidded on Friday after the world's biggest automaker forecast its first annual net profit decline in seven years as it faces a triple blow of a stronger yen, rising...

  Fri May 9, 2008 @ 12:45 AM PDT

  Tags: Sales strategy, Toyota Motor Corp., automobile company, cost savings, Japan, General Motors Corp., operating profit, sales, cost reduction, market capitalization, Thomson Reuters Corp., industry

• Nissan to Outsource Sales Network Setup in India

  TOKYO (Reuters) - Japan's Nissan Motor Co said on Friday it had appointed Hover Automotive India Private to develop its sales network in India, with the aim of establishing 55 dealers by 2012 to sell more than 100,000 vehicles that year. Japan's third-biggest...

  Thu May 8, 2008 @ 10:30 PM PDT

  Tags: Sales strategy, Sales force management, Nissan Motor Co. Ltd., Renault, India, Japan, Tokyo, motorcycle, SUV, sales, Thomson Reuters Corp., outsource, real estate, agreement, marketing

• Hyundai Halts U.S. Pickup Truck Plan on Oil Prices

  SEOUL (Reuters) - Hyundai Motor Group, the world's sixth-largest automaker, said on Friday it had shelved plans to produce a pickup truck in the United States amid concerns surging oil prices will hit demand for gas-guzzling vehicles. Hyundai Motor Group had planned to...

  Thu May 8, 2008 @ 7:45 PM PDT

  Tags: Kia Motors Corp., Hyundai, Seoul, Georgia, SUV, automobile company, spokeswoman, environment, Thomson Reuters Corp., U.S., manufacturing

• Illinois Tool to Buy Enodis For 1.03 Billion Pounds

  LONDON/NEW YORK (Reuters UK) - Enodis (ENO) has agreed to be bought by Illinois Tool Works (ITW) for 1.03 billion pounds, turning its back on the agreed 948 million pounds takeover by U.S.-based Manitowoc (MTW). The shares in Enodis, the maker of fast-food fryers, were ...

  Thu May 8, 2008 @ 6:15 PM PDT

  Tags: Food, Acquisition, Offer, Price, Enodis, Illinois Tool Works, Illinois Tool Works Inc., Manitowoc Co. Inc.

• GM Offers $200 Million in Bid to End Axle Strike

  By Kevin Krolicki and Soyoung Kim DETROIT (Reuters) - General Motors Corp (GM) on Thursday has offered American Axle & Manufacturing Holdings (AXL) $200 million in a bid to clinch a speedy resolution of a strike against a key supplier that has run...

  Thu May 8, 2008 @ 4:15 PM PDT

  Tags: Channel management, UAW, General Motors Corp., strike, Detroit, supplier, Michigan, automobile company, agreement, spokesman, analyst, worker, New York, SUV, Thomson Reuters Corp., payment, pricing strategy, team

• Ford Tells Shareholders Turnaround Gaining Traction

  By David Bailey WILMINGTON, Delaware (Reuters) - Ford Motor Co's (F) turnaround has moved quicker than expected, Executive Chairman Bill Ford Jr. told shareholders at the automaker's annual meeting on Thursday, giving unqualified praise to Chief Executive Alan Mulally's leadership. The...

  Thu May 8, 2008 @ 12:00 PM PDT

  Tags: Manufacturing, UAW, automobile company, Ford Motor Co., restructuring plan, auto show, labor contract, negotiation, housing start, New York, housing market, president, CEO, bond, benefit, Thomson Reuters Corp., job, worker, sales, agreement

• BMW Says Hundreds of Staff Take Redundancy

  FRANKFURT (Reuters) - BMW (BMWG), the world's largest premium carmaker, said several hundred permanent staff had agreed to redundancy packages as it seeks to cut thousands of jobs to improve profitability. BMW also reaffirmed its forecasts for the full year, which ...

  Thu May 8, 2008 @ 2:45 AM PDT

  Tags: Sales strategy, Sales force management, BMW AG, Tokyo, automobile company, top executive, sales, operating margin, China, media, Thomson Reuters Corp., brand, marketing

• Toyota Fourth-quarter Falls as Strong Yen, Weak U.S. Weigh

  TOKYO (Reuters) - Toyota Motor Corp posted a 28 percent fall in quarterly net profit on Thursday, hit by a stronger yen and finance-related losses, and forecast its first annual profit drop in seven years as the U.S. auto market ...

  Wed May 7, 2008 @ 11:15 PM PDT

  Tags: Toyota Motor Corp., net profit, operating profit, Nissan Motor Co. Ltd., Tokyo, Honda Motor Co., brokerage, automobile company, finance, Thomson Reuters Corp., U.S., emerging market, sales

• Toyota to Buy Back Rusted Tacomas

  DETROIT (Reuters) - Toyota Motor Corp has offered to buy back Tacoma pickup trucks with frames rusted beyond repair and to extend the warranty on over 800,000 of the vehicles in North America. The unusual customer-service action comes amid slumping ...

  Wed May 7, 2008 @ 9:15 PM PDT

  Tags: Sales strategy, Manufacturing, Toyota Motor Corp., automobile company, buyback, Detroit, North America, customer service, consumer confidence, sales, SUV, Thomson Reuters Corp., industry, Web site, Web

• Fitch Says GM and Ford Face Heavy Cash Drains This Year

  DETROIT (Reuters) - General Motors Corp (GM) and Ford Motor Co (F) will continue to face heavy cash drains in 2008 and are expected to burn cash through 2009 unless industry sales rebound, Fitch Ratings said on Wednesday. GM, which lost a combined...

  Wed May 7, 2008 @ 12:15 PM PDT

  Tags: Manufacturing, Investment, General Motors Corp., asset sale, Ford Motor Co., Detroit, Chrysler LLC, liquidity, strike, automobile company, asset, cost reduction, industry, absence, Thomson Reuters Corp., equity, supplier, finance, benefit, sales, job

• Audi CEO Signals Plans to Build U.S. Plant

  INGOLSTADT, Germany (Reuters) - Volkswagen's (VOWG) premium brand Audi stands to benefit "tremendously" from a U.S. production plant as the carmaker struggles to cope with stiffer external headwinds including the strong euro. "There are no signs right now of this situation letting ...

  Wed May 7, 2008 @ 1:45 AM PDT

  Tags: Sales strategy, Financial accounting, Audi AG, carmaker, Volkswagen AG, Avant, BMW AG, North America, Germany, revenue, earnings, Thomson Reuters Corp., sales, profit margin, supplier, financial, industry

• ArvinMeritor to Split Off Car Unit

  By David Bailey DETROIT (Reuters) - ArvinMeritor Inc (ARM) said on Tuesday it plans to spin off its automotive parts business from its larger trucking group in a move it hopes will improve the focus of each unit, sending its shares up 6...

  Tue May 6, 2008 @ 10:45 AM PDT

  Tags: Financial accounting, ArvinMeritor Inc., split, Detroit, shareholder, financial, tax, earnings forecast, board, U.S., sales, Thomson Reuters Corp., worker, supplier, chip, industry

• UAW Strikes GM Kansas Plant Making Chevy Malibu

  By Kevin Krolicki and David Bailey DETROIT (Reuters) - General Motors Corp (GM) union workers at a Kansas assembly plant making the hot-selling Chevrolet Malibu went on strike Monday morning, the automaker and the union said. The plant in Fairfax, Kansas, employs about...

  Mon May 5, 2008 @ 9:00 AM PDT

  Tags: General Motors Corp., UAW, Kansas, Michigan, strike, automobile company, Detroit, worker, agreement, SUV, Thomson Reuters Corp., supplier

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