BMW net slips; VW profit surges amid revamping

Article Abstract:

BMW AG of Germany and Volkswagen AG also of Germany are experiencing high materials costs, intense competition and currency factors. Volkswagen AG net profit quadrupled to 273 milllion Euros from 67 million Euros a year earlier, however United States sales are down by 11 percent. Automobile concern, BMW AG sales are up 15.4 percent in the third quarter.

Germany, Economic aspects, Volkswagen AG, BMW AG

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At Chrysler, profits don't keep Chief from cutting costs

Article Abstract:

Chrysler Group of the United States has posted $963 million in profit, in constrast to the losses of General Motors Corp. and Ford Motor Co. New Chief Executive Officer Tom LaSorda is implementing cost cutting planning even though the automobile company is making money.

Chrysler L.L.C., Lasorda, Tom

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GM board clears Wagoner to explore alliance with Nissan, Renault

Article Abstract:

General Motors Corp. CEO G. Richard Wagoner Jr. will proceed with talks with Renault S.A. and Nissan Motor Co. about the feasability of a three-way alliance. If successful, such an alliance would radically change the international automobile industry.

Japan, France, Alliances, partnerships, General Motors Corp., GM, Regie Nationale des Usines Renault, Nissan Motor Company Ltd., Alliances and partnerships, Wagoner, G. Richard, Jr.

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