Automobile industry
Japanese automakers Toyota, Nissan, Mazda, and Honda reported double-digit sales growth in April, while Mitsubishi Motors saw a decline in domestic sales, marking the 16th consecutive monthly decline. Toyota's domestic sales reached a record high for the month of April, with Nissan attributing its growth to the popularity
Automobile industry
Carlos Ghosn's tenure as CEO of Renault has been marked by impressive results, with the company maintaining a 5% operating margin in 2019. However, investors may be disappointed by the lack of radical transformation, as Ghosn's focus is on incremental advances rather than significant change. The
Automobile industry
The city of Guangzhou, in the Guangdong province, is rapidly emerging as a major player in China's car-making industry. Despite its negligible history of vehicle production, Guangzhou has seen a remarkable surge in car production capacity in recent years, thanks to the arrival of Japanese giants such as
Automobile industry
Carlos Ghosn's first two weeks in the top job at Renault have given him a clear view of what needs to be done to boost profits, despite the company's record year in 2004. Ghosn plans to spend two-thirds of his time on Renault and the rest
Automobile industry
Kirk Kerkorian, the billionaire investor, has made a bold move in the automotive industry by attempting to acquire a significant stake in General Motors, the world's largest carmaker. The move has sent shockwaves through the financial markets, with shares in GM jumping 18% after Kerkorian's initial
Automobile industry
Cardinal Health, a leading provider of products and services to the healthcare industry, has announced the appointment of Jeffrey W. Henderson as its new executive vice president and chief financial officer. Henderson succeeds interim CFO J. Michael Losh, who has been in the role since late July. With over 20
Automobile industry
The luxury car market in the Middle East has seen a significant increase in sales, with Aston Martin's DB9 emerging as the best-seller in the region. The high-end vehicle has been launched in Saudi Arabia and Kuwait, two of Aston Martin's largest markets after the UAE.
Automobile industry
Nissan, Japan's second-largest carmaker, achieved a record net profit of 512.3 billion yen ($4.8 billion) for the fiscal year ended March 31, marking a 1.7 percent increase from the previous year. The company's profit growth was driven by strong sales of its luxury
Automobile industry
A former worker at the Nissan motor plant, Alan Richardson, is taking the company to an employment tribunal, claiming he was unfairly dismissed after raising concerns about what he believed were "underhand practices" in the production process. Richardson alleges that staff were pressured to falsify documents, ignore defects,
Automobile industry
The luxury car market in the Middle East is seeing significant developments, with DaimlerChrysler ME launching the Mercedes-Benz magazine Middle East, exclusively distributed through Mercedes-Benz dealerships across the GCC and Levant. The magazine promises to provide customers with exclusive content, highlighting the company's commitment to customer experience. Meanwhile,
Automobile industry
Beijing has been thrust into turmoil as the COVID-19 pandemic ravages the global auto industry, with MG Rover, the last major independent car maker of the United Kingdom, on the brink of collapse. This comes as Shanghai Automotive Industry Corp (SAIC), China's No 1 car group, seeks to
Automobile industry
SAIC, China's leading automotive conglomerate, is facing a complex situation as MG Rover, Britain's last independent carmaker, files for bankruptcy. According to industry analysts in Shanghai, SAIC had planned to partner with MG Rover in a joint venture that would give SAIC a foothold in Europe
