Daily Archives: August 9, 2014

Porsche plans acquisitions after profits rise 17%

Porsche Automobil Holding SE – acquisitions planned after profits rise 17%

Porsche Automobil Holding SE posted a 17 percent rise in second-quarter after-tax profits to €1.01 billion ($1.35 billion).

GM issues third recall on SUVs that can catch fire

2007 Chevrolet TrailBlazer - GM issues third recall on SUVs that can catch fire

By TOM KRISHER

General Motors’ troubles with safety recalls has surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire.

BMW deliveries rise 8 percent in July

BMW Headquarters - BMW deliveries rise 8 percent in July

BMW sales in July rose 8 percent to 163,959 vehicles, helped by growth in its core brand, the company said.

W. Europe Recovery on track as car sales rise 5% in July

Car sales in Western Europe grew by 5 percent in July to just over 1 million vehicles, bringing sales for the first seven months to 7.4 million units compared to 7.0 million in the same period last year, according to market researchers LMC Automotive.