Volkswagen's top managers are drawing up new expansion goals stretching as far as nine years ahead as steady volume gains have already propelled the automaker within reach of its current sales target for 2018.
PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French workforce, with three of the five main unions urging immediate action to stem losses.
Honda cut its full-year profit forecast as lower sales in China and Europe overshadowed the benefits from the weaker yen. Net income will likely be 370 billion yen ($4.1 billion) in the 12 months ending March 31, compared with its previous estimate for 375 billion yen.
Fiat has renamed its Maserati plant after company patriarch Giovanni “Gianni” Agnelli. The Italian industrialist and controlling Fiat shareholder served as the company's chairman from 1966 to 1996. He passed away a decade ago this month at age 81.