Chrysler Group LLC, the automaker that topped its full-year operating profit forecast in the first half today, said it won’t increase its guidance until after the third quarter. Fiat SpA, which runs Chrysler, fell on the news.
Scania AB, the Swedish truckmaker controlled by Volkswagen AG, fell the most in more than a month in Stockholm trading as Barclays Plc said it’s concerned about the company’s reliance on European markets.
Bentley Motors Ltd., whose customers include Queen Elizabeth II and the Sultan of Brunei, may expand its line-up with a sport-utility vehicle to satisfy appetite for bigger luxury models, two people familiar with the matter said.
Renault SA Chief Operating Officer Patrick Pelata ’s exit over a botched espionage investigation threatens the French company’s plan to reverse sagging European sales and expand in emerging markets, analysts said.
Porsche SE , the sports-car maker that plans to merge with Volkswagen AG, said a timetable to sell 5 billion euros ($7 billion) in shares still stands amid the volatile financial markets following the Japanese earthquake.
Volkswagen AG Chief Executive Officer Martin Winterkorn appointed a new trucks chief, added a top executive for China and replaced three Audi board members as part of a shakeup to push forward with his growth plans.
Daimler AG and other global automakers, already predicting a drop in European deliveries of as much as 5 percent this year, will probably have to lower their forecasts after demand in Germany dropped the most in 2 1/2 years last month.
Renault SA, which this week outlined plans to boost its Russian supplier network and produce engines with local partner OAO AvtoVAZ, has grabbed a lead in the fast- growing market that Volkswagen and Ford may struggle to follow.