Nick Reilly, who retired as president of GM Europe earlier this year, has been named by MSX International as chairman of its Asia Pacific region. MSX, a technical staffing and dealership process consultancy, expects major growth in Asia.
Fiat's profit more than tripled in the first quarter as demand for Chrysler vehicles in the United States helped offset falling revenues from mass-market car sales in Europe. Earnings before interest, taxes and one-time items surged to 866 million euros ($1.
Bosch said its first-quarter sales rose 5 percent despite a weak Europe and a cooling global economy but warned it may not reach its 2012 growth target due to high raw material costs and the cost of investments in areas such as electromobility and renewable energy.
Volkswagen Group reported first-quarter profit that beat analysts' estimates on higher demand at its Audi luxury brand. The automaker stuck to its target of matching last year's record operating profit of 11.3 billion euros as higher revenue and auto deliveries offset increased development spending.
Hyundai expects to beat an aggressive sales target to raise car sales by 15.4 percent in Europe even though the overall market may fall by 5 percent. The automaker reported quarterly net profit up by almost a third to $2.15 billion.