Volkswagen Group said its first-quarter earnings before interest and taxes fell to 3.9 billion euros ($4.37 billion) from 4.2 billion a year earlier.
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Volkswagen Group said its first-quarter earnings before interest and taxes fell to 3.9 billion euros ($4.37 billion) from 4.2 billion a year earlier.
Ford studied Delta, Mariott, Apple and others in hopes of moving its customer experience from middle-of-the-pack to best-in-class.
The Toyota-affiliated auto supplier's New Mobility Group and another company, Ininvest Global, led a $20 million Series A funding round in Bond Mobility Inc.
U.S. auto sales dropped 2.3 percent last month, with the Detroit 3 and Toyota posting lower volume while Nissan, Honda and Hyundai managed gains as the industry struggled to record its first increase of the year, even with the help of an extra selling day. The closely watched annualized sales rate tumbled to 16.41 million, the lowest since Feb 2014.
The audit highlighted 10.9 million euros ($12.2 million) in spending that went toward trips to the Cannes film festival, Rio de Janeiro Carnival and flights on a corporate jet that may have been personal in nature.
Ford, Fiat Chrysler and Toyota Motor posted lower April U.S. sales while Honda, Nissan and Hyundai volume rose as the industry struggled to post its first monthly gain of the year, even with the help of an extra selling day.
Ford, Fiat Chrysler and Toyota Motor posted lower April U.S. sales while Honda and Nissan volume rose as the industry struggled to post its first monthly gain of the year, even with the help of an extra selling day. Lower retail volume will be offset by higher fleet shipments, analysts say.