February forecasts see flat U.S. sales despite heavy discounts

U.S. new-vehicle sales this month, driven by high incentive spending, are expected to be about the same as a year ago or down slightly.

 

Magna says Q4 profits remained stable as revenues grew

Diversified Canadian auto supplier Magna International said its fourth-quarter profits remained stable while revenues grew.

VW brand chief Diess gets backing from Porsche-Piech clan, report says

Volkswagen Group's embattled VW brand chief Herbert Diess still has the backing of the clan that controls the carmaker, despite his recurring clashes

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