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- Porsche says full year profit more than triples
Luxury sports car maker Porsche AG said Monday that its net profit for fiscal 2007 more than tripled with help from a revaluation of its 22 per cent stake in Volkswagen AG and strong results from its core business. Porsche said it earned 4.24 billion euros ($6.18 billion) for the full year, up from 1.39 ... - Hyundai plans to build factory in Russia to meet rising demand
Hyundai Motor Co. said Monday it plans to build a factory in Russia, though key details including the location of the plant and size of the investment remain undecided. Hyundai Motor chairman Chung Mong-koo disclosed the plan in a meeting with Russian government officials in Moscow on Friday, Hyundai spokesman Ki Jin-ho said. Chung said the ... - Malaysian automaker teams up with Iranian, Turkish interests on ``Islamic car''
Malaysian national carmaker Proton says it plans to team up with companies in Iran and Turkey to produce ``Islamic cars'' for the global market. The proposal for the Islamic car came from Iran. Proton executive Syed Zainal Abidin says the cars will have a compass to determine the direction of Mecca for prayers and compartments for ... - UAW locals in Michigan, Illinois vote for Ford deal, voting continues on weekend
United Auto Workers locals in Michigan and Illinois overwhelmingly have approved a new contract with Ford Motor Co., the local union presidents said Friday. Eighty-two per cent of those who voted from Local 898, which represents about 1,200 workers at Ford's Rawsonville plant in Ypsilanti Township, supported the new four-year deal, while 75 per cent of ...
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