Slovakia’s economy, dominated by automakers including Volkswagen Group, PSA Group, Kia and Jaguar Land Rover, slowed unexpectedly in the second quarter when it expanded by 1.9 percent, down from a 3.7 percent rise in the first quarter and missing analysts’ expectations of 3.3 percent growth.
Suzuki reported a 46 percent fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.
New-car sales in Germany rose 4.7 percent in July, boosted by demand at Land Rover, Lexus and BMW. Overall registrations were 332,788 for the month, according to data released by the KBA Motor Transport Authority.
Ford warned on Thursday that the chances of a no-deal Brexit have risen in the last few months as new Prime Minister Boris Johnson ramps up preparations for a possible disorderly exit in October.
German prosecutors said on Wednesday they had filed charges against former Audi CEO Rupert Stadler, who is being investigated for his role in Volkswagen Group’s diesel-emissions cheating scandal.
Nissan Motor Co. CEO Hiroto Saikawa will slash some 12,500 jobs worldwide as part of new plan to revive the company after reporting a 99 percent plunge in operating profit in the latest quarter on falling sales in every major market except China.
Carlos Ghosn has launched a court case in the Netherlands against Nissan Motor and Mitsubishi Motors, who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday.
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