ANALYSIS: PSA to post 2009 H2 operating profit – analyst (MEM)

PSA Peugeot Citroen is set to announce that it returned to a small operating profit in the second half of 2009 when it announces its full-year results tomorrow (February 10) according to an analyst speaking to just-auto today.

GERMANY: Opel $11bn investment to secure profitability by 2012 (MEM)

Opel/Vauxhall said the announcement today (9 February) of its EUR11bn (US$15.1bn) investment to 2014 should see the automaker break even next year and return to profit in 2012.

GERMANY: Reilly announces EUR11bn plan for Opel 

Opel/Vauxhall CEO Nick Reilly today announced an ambitious five-year EUR11 billion 'plan for the future' that he said would "reinvigorate" 80% of Opel/Vauxhall model lines and place a strong emphasis on alternative propulsions.

• JAPAN: Toyota to reprogram ABS in 400,000 cars worldwide
  Toyota Motor Corp (TMC) on Tuesday said it would recall four models to update software controlling the antilock braking system (ABS). The models are the current generation Prius, Prius plug-in, Sai and Lexus HS250h sold in Japan. The recall, for which TMC submitted notifications today to Japan's Ministry of Land, Infrastructure, Transport and Tourism, covers about 223,000 vehicles.
• FRANCE: Faurecia eyes 2010 profit (REG)
  Faurecia posted a bigger than expected 22% fall in full year sales and its shares slipped, but its loss narrowed and it hopes for a return to profit in 2010 as markets recover.
• HOLLAND: Saab deal inches nearer for Spyker with new loan (MEM)
  Dutch luxury car maker Spyker says it has secured a US$25m (US$18.2m) convertible loan which should allow it to finalise the acquisition of Saab.
• INDIA: January sales up 32.2% (MEM)
  Car sales in India rose 32.3% year on year in January, with customers buying vehicles ahead of possible tax hikes in the federal budget later this month, an industry body said on Tuesday.
• CHINA: January sales set record (MEM)
  China's auto sales set a new monthly record in January with more than 1.66m cars sold - more than double the number sold in the same month last year, an industry association said on Tuesday.
• FRANCE: Renault plans its own Indian network (REG)
  Renault is to set up its own distribution network in India as part of a reorganisation of its joint venture in the country with Mahindra & Mahindra.
• JAPAN: Nissan predicts profit in current fiscal year (REG)
  Nissan has revised its forecast it would make another loss this fiscal year, saying it will now return to profit after government incentives boosted demand for its vehicles in China and Japan.

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Chevrolet Spark
9th February 2010 8:41

I'm up to Wellingborough (Northants, southern fringes of the English midlands) today for a Chevrolet Spark drive event. The Spark, you may recall, is the small car that was picked for production by...

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• Latest announcement: New Ergonomic Technology Applied At Bentley
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• Chicago Auto Show (2010)
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• Global market review of vehicle seating – forecasts to 2016 (download)
  Published Feb 2010 - (£ 525.00)
• World Rubber & Tire NEW Industry forecasts for 2013 & 2018
  Published Dec 2009 - (£ 3470.38)
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Automotive industry outlook for 2010

If 2009 was a year of unprecedented turmoil in the auto industry globally, 2010 promises to be a year in which the industry continues to endure hard times. Some vehicle markets remain at historically low volume and some companies will continue to be financially stressed. Written by Dave Leggett, this briefing provides a global outlook on key trends, issues and changes to expect in 2010.

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