US: One-off Q4 item boosts Ford 2011 results

US: One-off Q4 item boosts Ford 2011 results

A one-off, non-cash special item of US$12.4bn "for the release of almost all of the valuation allowance against the company’s net deferred tax assets" helped boost Ford's 2011 net profit $13.7bn to 20.2bn, or $4.94 per share.

TURKEY: Brightwell to make imminent Saab engineer statement as confidentiality deal inked

TURKEY: Brightwell to make imminent Saab engineer statement as confidentiality deal inked

Turkish private equity company Brightwell Holdings is to make an imminent statement on retaining skilled engineers at Saab, following the inking of a confidentiality agreement with the bankrupt automaker's receivers.

US: Nissan announces $2bn third factory for Mexico

US: Nissan announces $2bn third factory for Mexico

Nissan Motor on Wednesday (25 January) said it would spend up to US$2bn on a new manufacturing complex in Aguascalientes, Mexico, to support its Americas growth strategy.

GERMANY: VW launches five-door Up

GERMANY: VW launches five-door Up

Volkswagen has launched a five-door version of its new Up city car, saying the new model has the same space for rear passengers as the three-door.

COMMENT: Italy on its knees as Fiat austerity ad airs

COMMENT: Italy on its knees as Fiat austerity ad airs

Maybe Sergio Marchionne could be excused a wry smile as he plies the airwaves of the world - at the recent Automotive News World Congress in Detroit the Chrysler/Fiat CEO remarked he spent the equivalent of 42, 24-hour days on aircraft last year.

Webinar: Where

Webinar: Where's the automotive industry heading in 2012?

Review the results of just-auto's annual automotive industry outlook survey under the guidance of just-auto's editor Dave Leggett. Dave will be joined by Jonathon Poskitt, analyst from LMC Automotive, to present their latest market forecasts.

NETHERLANDS: Mitsubishi Europe volume up 7% in 2011

NETHERLANDS: Mitsubishi Europe volume up 7% in 2011

Mitsubishi Motors Europe (MME) boosted unit volume 7% year on year to 149,967 sales.


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US: One-off Q4 item boosts Ford 2011 results

27 January 2012

A one-off, non-cash special item of US$12.4bn "for the release of almost all of the valuation allowance against the company’s net deferred tax assets" helped boost Ford's 2011 net profit $13.7bn to 20.2bn, or $4.94 per share. Pre-tax operating profit rose $463m to $8.8bn "as strong performance in North America and Ford Credit offset challenges in other parts of the world", the automaker said on Friday.

INDIA: Is Mahindra & Mahindra a third Saab bidder?

27 January 2012

Mahindra & Mahindra is declining to comment on speculation it may be a third party interested in buying bankrupt Saab.

ITALY: Fiat haemorrhaging 4,000 cars a day as truck blockade continues to bite

27 January 2012

Fiat says it is losing production of more than 4,000 vehicles per day as Italy's devastating industrial action by truck drivers continues to choke the country's supply lines.

 

THE WEEK THAT WAS: Fiat and the truckers

Fiat CEO Sergio Marchionne has had enough trouble with unions lately, and now, as I write, Fiat is struggling with the logistics nightmare of a truckers strike that seems to be bringing Italy to a halt.

Hot issue

Geneva 2012

Geneva 2012

The 82nd Geneva International Motor Show will be held from March 8-18, 2012 (press days March 6-7)

Read more here

Latest analysis

The outlook for Europe

January 2012 management briefing: world markets – Europe

It is probably fair to say that the analysts and pundits are – in early 2012 - less certain about prospects for the year ahead than they were a year ago.

Read more here

 

ANALYSIS: European sales down, VW remains top brand

The Volkswagen Golf remained Europe’s best-selling car in 2011, despite a drop in sales of 1.6% in 2011 compared to 2010, analysts JATO Dynamics said. The VW Polo retained second place for December and for the year, with sales up 2.9% and 0.5% respectively, while Ford’s Fiesta held third place.

Hot issue

Delhi Auto Expo 2012

Delhi Auto Expo 2012

As automakers focus more and more on the BRIC markets, eyes are increasingly turning towards motor shows like Delhi's, once just of local interest but now another launchpad for global models. Our men on the ground include Chris Wright and local resident Satnam Singh while Glenn Brooks provides the product details.

Read more here

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January 2012 management briefing: world markets – Europe

27 January 2012

It is probably fair to say that the analysts and pundits are – in early 2012 - less certain about prospects for the year ahead than they were a year ago.

THE WEEK THAT WAS: Fiat and the truckers

27 January 2012

Fiat CEO Sergio Marchionne has had enough trouble with unions lately, and now, as I write, Fiat is struggling with the logistics nightmare of a truckers strike that seems to be bringing Italy to a halt.

COMMENT: Italy on its knees as Fiat austerity ad airs

26 January 2012

Maybe Sergio Marchionne could be excused a wry smile as he plies the airwaves of the world - at the recent Automotive News World Congress in Detroit the Chrysler/Fiat CEO remarked he spent the equivalent of 42, 24-hour days on aircraft last year - as he digests the current wave of popular unrest sweeping Italy

INTERVIEW: Nissan Mexicana president Jose Munoz

25 January 2012

Interviewed at Nissan's Americas media centre, Nissan Mexicana president Jose Munoz discusses his team’s achievements in 2011 and plans for 2012, including construction of a new manufacturing plant to be built in Aguascalientes. The facility, which will complement Nissan’s two existing Mexican factories, is scheduled to begin operations in late 2013. He envisions an environment where his team will be poised to achieve an unprecedented 30% share of the market in the future.

ANALYSIS: ASEAN sales up by 3.8% in 2011

24 January 2012

New vehicle sales in the ASEAN region’s six largest markets fell by 15.4% to 584,790 units in the fourth quarter of 2011, from 691,517 units a year earlier, writes Tony Pugliese.

RESEARCH ANALYSIS: Fuel tank systems

20 January 2012

Fuelled by the need to save weight and reduce evaporative emissions, a great deal of innovative design and materials work is going into vehicle fuel tank systems, writes Matthew Beecham.

THE WEEK THAT WAS: Unions, Saab and a Ford milestone

20 January 2012

Union news and Saab updates were amongst the most-read stories on just-auto this week.

ANALYSIS: European sales down, VW remains top brand

20 January 2012

The Volkswagen Golf remained Europe’s best-selling car in 2011, despite a drop in sales of 1.6% in 2011 compared to 2010, analysts JATO Dynamics said. The VW Polo retained second place for December and for the year, with sales up 2.9% and 0.5% respectively, while Ford’s Fiesta held third place both in December and for the year.

COMMENT: Radio silence from Saab receivers as CLEPA acts

19 January 2012

Just why aren't Saab's receivers on today's (19 January) trip to China as a high-powered delegation seeks to salvage something from the wreckage of the automaker's recent bankruptcy?

 

COMMENT: Radio silence from Saab receivers as CLEPA acts

Just why aren't Saab's receivers on today's (19 January) trip to China as a high-powered delegation seeks to salvage something from the wreckage of the automaker's recent bankruptcy?

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