Record Sales, Profit for Audi
In 2007, Audi sold 964,000 vehicles, up 6.5% from 2006. Operating profit was €2,6m, up 34% from 2006 thanks to cost cutting and strong sales of premium cars such as
Visteon estimates a loss of 10.7 million $ in 2007
Visteon on Thursday raised its estimated of 2007 product sales, to $10.7 billion from $10.6 billion, and said it is still finalizing full-year results.
FRANCE: Pardus pushes for Valeo board representation
Pardus will today launch a fresh drive to try to force Valeo to change its strategy and give it a seat on the board according to a Les Echos report.
Hella Reports 2006-2007 Fiscal Year Profit Gains
Hella KGaA Hueck & Co., a global tier-one supplier of automotive lighting and electronic equipment, reported sales of $5.1 billion in the fiscal year 2006-2007, a gain of eight percent. Hella is one of the 100 largest German industrial companies.
Hella swings back to profit
German supplier Hella swung to a net profit in the 2006/2007 fiscal year as it reduced costs in its core lighting business.
Ceberus buys Chrysler
An affiliate of Cerberus is to acquire an 80.1% equity interest in new company Chrysler Holding LLC while DaimlerChrysler retains 19.9%. The two companies will continue to work together on some vehicle projects.