Daily Archives: August 2, 2014

VW profit falls in second-quarter, increases pressure to cut costs

Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility and a plunge in earnings at its core passenger-car division weighed on earnings.

Operating profit fell to €3.33 billion ($4.46 billion), from €3.44 billion a year ago, VW said in a statement today.

Ford holding auto app developer conference

Connected Car Expo - Ford holding auto app developer conference

Ford will hold an automotive app developer conference on 8 September as part of the Connected Car Expo taking place at CTIA’s Super Mobility Week at the Sands Expo and Convention Center in Las Vegas.