Nissan reported a 12 percent slide in operating profit in the most recent quarter as foreign exchange rate losses, deteriorating sales mix and onetime costs.
Making Winterkorn pay for VW's scandal could backfire on automaker
Forcing former VW Group CEO Martin Winterkorn to pay for at least some of the nearly $30 billion stemming from the diesel scandal could backfire on the automaker and even drag other top executives — Chairman Dieter Poetsch and new CEO Herbert Diess…
Under Chip Perry, TrueCar is not a different company, but it’s a very different brand, casting itself more clearly as the friend of the auto dealer. In the process, TrueCar gave up some of what made it distinctive in a sea of lead generators.
As thorny as Genesis’ retail rework has been, the U.S. dealer showdown is just one of many trials testing global brand chief Manfred Fitzgerald as he births a luxury brand.
Rebounding profits in North America helped troubled Mitsubishi Motors Corp. jump back into the black in the just-finished fiscal year, as the recovering Japanese automaker rode a tail wind of surging sales, big cost cuts and favorable exchange rates.