David Arnold News
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Fiat SpA, the Italian automaker that controls Chrysler Group LLC, said first-quarter profit fell 23 percent on costs for new Jeep model rollouts.
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Volkswagen AG expects profit to grow in China this year as Europe’s biggest automaker looks to remain resilient to a recession in its home region.
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Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, said it has enough resources already to buy the remaining stake in the unit from an employee group, and won’t sell new shares to finance a transaction.
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John Barry , the Oscar-winning movie- music composer best known for composing 11 James Bond soundtracks, has died at the age of 77.
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Volkswagen AG and Bayerische Motoren Werke AG predicted a “difficult” 2013 as the European auto market contracts, vehicle prices in the region drop and growth in China slows.
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Volvo AB, the world’s second-largest truckmaker, said U.S. and European commercial-vehicle markets will probably recover this year as global economic growth rebounds. The shares rose the most in almost five months.
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PSA Peugeot Citroen , Europe’s second-largest carmaker, said its auto unit may lose money in the second half as demand in the main European market slumps.
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Former Porsche SE Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen AG.
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Volkswagen AG, Europe’s biggest carmaker, rose to a two-decade high for a second consecutive day as investment plans by its Audi luxury brand underpinned the company’s push to take the top spot in the auto industry.
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Volkswagen AG, the world’s second- largest carmaker, reported first-quarter profit that beat analysts’ estimates on higher earnings at the Audi luxury brand.
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