Pressure mounts as car makers continue to bleed: more losses at Daimler, GM sharpen focus on overhaul; Honda reports lower net

Article Abstract:

The American automobile industry continues to have financial difficulties, with General Motors and DaimlerChrysler both reporting losses in their North American plants. Both companies are reviewing their United States operations. Japanese manufacturer Honda Motor Company Ltd. , with its use of non-union labor in U.S. factories, is still reporting a profit there, although net income declined in the second quarter.

Sales, profits & dividends, Organizational history, United States, Japan, General Motors Corp., GM, Company sales and earnings, Company restructuring/company reorganization, Reorganization and restructuring, Company earnings/profit, Honda Motor Company Ltd., Company organization, Daimler AG, Industry overview

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VW to pull luxury sedan from U.S

Article Abstract:

Volkswagen AG of Germany is pulling it's luxury sedan "Phaeton" model from United States markets because of low sales. The automobile was the dream car of Chairman of the Supervisory Board, Ferdinand Piech in a bid to move the automobile product upscale. Volkswagen AG lost 818 million Euros ($960 million) for the first nine months of this year in the North American market.

Product discontinued, Company Profile, Product discontinuation

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Behind VW's board turmoil: A Chairman's desire for control

Article Abstract:

Volkswagen AG of Germany shareprice is mysteriously up due to maneuverings by Chairman Ferdinand Piech who also sits on the supervisory board of Porsche AG. Unbeknownst to Volkswagen AG's supervisory board Mr. Piech had been quietly negotiating to make Porsche AG, Volkswagen AG's largest shareholder. Mr. Piech's grandfather designed Volkswagen AG's original "people's car."

Piech, Ferdinand, Company overview

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