Italian supplier Sogefi reported a net loss for the first nine months of the year, hit by weakness in South America and costs for restructuring in Europe, and said CEO Guglielmo Fiocchi would leave the company.
Hyundai shares Slump on Quarterly Profit Outlook
By Rose Kim
Hyundai, South Korea’s largest automaker, slumped to the lowest in more than three years on concerns that its third-quarter profit may miss analyst estimates and the company may increase spending.
PSA’s third-quarter auto revenue falls despite pricing push
PSA/Peugeot-Citroen’s group revenue rose 1.6 percent in the third quarter, but a push to raise pricing failed to deliver higher revenue at its core manufacturing arm.
Fiat’s Wall Street share trading is flat as Milan dominates
Sergio Marchionne (photo above), CEO and architect of the merger that created Fiat Chrysler Automobiles NV, triumphantly rang the closing bell on the New York Stock Exchange last week to mark the company’s debut. Wall Street investors weren’t really listening.
NHTSA ups air bag warning to 7.8M vehicles
By TOM KRISHER
The U.S. government is telling 3 million more car owners to get their air bags repaired immediately because of potential danger to drivers and passengers, but the message has generated confusion about which vehicles are actually affected.
