Canadian auto parts maker Magna International said quarterly net profit rose nearly 7 percent as demand improved in North America and Europe, and the company raised its production sales forecast for the regions. (Don Walker, CEO photo above)
Daily Archives: May 9, 2014
Ford Fiesta ST driver saves his day on the Nürburgring
Remember the crazy VW Golf GTI crash from the Nürburgring we showed you few days ago?
American man drives round trip NY to Miami with no money, no Petrol
Michael Fritts spent years as a truck driver. Now, he feels “A little bit like Batman,” he said, laughing.
Marchionne’s plan questioned as Fiat shares tumble
Fiat-Chrysler CEO Sergio Marchionne has an ambitious five-year plan to more than double profit and increase annual deliveries 61 percent. So far, investors aren’t buying it.
Fiat shares fell 12 percent on Wednesday, the most in 2 1/2 years, on skepticism that the CEO will be able to meet the 2018 targets he laid out during an investor presentation Tuesday.
Fiat will build Punto replacement in Poland
Fiat will invest 2.36 billion zlotys ($784 million) to upgrade its factory in Tychy, Poland, to build the replacement for the Punto subcompact (Punto above), a report said.
