Ford said its first-quarter earnings fell 39 percent from the same period a year ago to $989 million, as pricing across the industry weakened in the United States and warranty expenses for the company rose.
Daily Archives: April 26, 2014
50 years of cars that have got Sweden and the world rolling
Over the course of 50 years, Volvo’s Torslanda factory has produced more than 6.8 million cars that have rolled out across the world. Models such as the Amazon, P1800 and 240 have become a part of Sweden’s cultural heritage, and models such as the XC90 and S80 are set to do the same in future.
VW to lay off 900 workers in Brazil
Volkswagen will lay off about 900 workers at two Brazilian plants in the face of sluggish demand for cars in Latin America’s largest economy.
Lamborghini SUV will be built at VW’s Slovakia plant
The Lamborghini Urus SUV will be built at parent Volkswagen Group’s factory in Slovakia starting in 2017, VW sources said.
Tesla Gets Support From Federal Trade Commission
Tesla is fighting different states to be able to sell directly to consumers, but a group of officials from the Federal Trade Commission said removing those regulatory roadblocks would open new shopping options for consumers that are available in other industries.
