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The Financial Times – Wintery blasts chokes US sales for Ford, GM and Toyota – February’s miserable weather across much of the mainland US led to car sales declines for the three biggest manufacturers (GM, Ford and Toyota) for a third successive month, underlining the harsh winter’s impact on the sector.
The Financial Times – Best year since crisis for Toyota Europe – Toyota Europe will this year post its best profits since the global financial crisis as the Japanese carmaker cuts its costs and focuses on sales of hybrid vehicles to pull ahead of loss making rivals.
The Financial Times – Carmakers go back to drawing board – More than 20 concept cars are set to be unveiled at a Geneva Motor show that is set to underline the improving health of the European car industry.
The Financial Times – EM Sales threaten VW ambition – Emerging markets weigh on goal of becoming biggest carmaker by sales. Concern over VW’s prospects in emerging markets triggered a sell-off in its shares last month after the German carmaker said its operating margin and revenues would be broadly flat in 2014.
The Financial Times – Rolls- Royce disclosed in its annual report that it is under investigation by the US Department of Justice – but several hours later issued a clarification stating that it had not been notified “of a formal enquiry”. The UK Serious Fraud office is already investigating the engine maker over allegations that the company used bribery to win contracts in Indonesia, China and other overseas markets.