Volkswagen AG said first-quarter profit more than tripled as the VW and Audi brands attracted Chinese customers.
Net income increased to 1.71 billion euros ($2.51 billion) from 473 million euros a year earlier, the company said today. Profit beat the 1.63 billion-euro average of seven analyst estimates compiled by Bloomberg. Revenue rose 31 percent to 37.5 billion euros.
After every Formula One race this season, SportsPro will provide a business summary of the weekend's events. The third installment takes a look at attendance figures for the Chinese stopover, attempts to market the sport in new territories and the ongoing ivestigation into allegations surrounding the sale of Formula One by German banker Gerhard Gribkowsky five years ago.
Apple is once again proving they're still the company Steve Jobs built. After years of saying "meh" to working with automakers on tighter integration of Apple products into automotive infotainment systems, there's evidence Apple is now hiring people to build a system for them that'll work with all their devices.
BMW’s next-gen ConnectedDrive suite of in-car services will include a navigation system with 3D graphics, a touchpad interface for iDrive, voice-to-text dictation capability, and an available 4G mobile hotspot, the automaker has announced.