THE WEEK THAT WAS: Ford nets billions, Toyota recalls another million...
By Graeme Roberts | 1 February 2013
A mixed week of mostly good news, industry niggle in France and financial woes at PSA excepted. Ford booked a healthy US$5.7bn full year net profit for 2012 - our resident commentator weighed in on that here - and Toyota announced yet more recalls totalling about 1.3m units - mostly Corollas but also some Lexus IS. Airbag control modules and wiper bolt tightness.
According to one analyst, the airbag recall will hit Toyota by about $55m, and, once again, the industry reckoned said the unit count was high as a result of using common parts across so many models.
Chryler also reported a good set of 2012 results, propping up majority shareholder Fiat which did reasonably well outside Europe. Fiat's growing debt reportedly is concerning some investors, and the news of the updated product plan was also of interest - get ready for a Ram-badged Fiat Doblo van.
Outside Europe, investments in new factories and facilities are continuing - just this week we had Maruti Suzuki talking about a fourth plant in India, multiple planned plants in Brazil as new entrants, especially the Chinese, digest and act on the new government local production blueprint, Isuzu's plans for an Indian plant, paint and press shop improvements at GM's Fairfax plant in Kansas and expansion of its powertrain engineering facility in Pontiac (the city, not the [RIP, sob] brand), Michigan. Mazda also announced a new transmission plant in Thailand and Nissan opened a new paint plant at Smyrna, Tennessee, replacing the shop opened with the plant back in 1983.
Have a nice weekend.
Graeme Roberts, Deputy Editor, just-auto.com
Sectors: Financial, Vehicle manufacturers
Companies: Ford, Toyota, Fiat, PSA, Lexus, Maruti, Suzuki, Isuzu, GM, Mazda, Nissan
View next/previous articles
4 Feb 2013 -
Currently reading -
THE WEEK THAT WAS: Ford nets billions, Toyota recalls another million...
1 Feb 2013 -
Related company research
Ford Motor Company: Automotive Company Profile, SWOT & Financial Report
"Ford Motor Company: Automotive Company Profile, SWOT & Financial Report" is a crucial resource for industry executives and anyone looking to access key information about "Ford Motor Company"...
Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
Ford Motor Company (Ford) is one of the leading companies in the global automotive industry. Ford, along with its subsidiaries and affiliates, offers cars, trucks, SUVs and many other products and services to automotive consumers across six continent...
Ken Grody Ford - Company Capsule
Synopsis ICD Research's "Ken Grody Ford - Company Capsule" contains a company overview, key facts, major products and services and key employees, as well as data on company locations and subsidiaries. Summary ICD Research's "Ken Grody Ford - Company...
Related articles
ITALY: Jeep quick to change to keep customers happy
Jeep global sales were a record 701,200 last year, a 100% increase in just two years and a long way from the dark days of 2008/09 when ailing Chrysler Jeep was rescued by Fiat.
Read further items in this columns
Deputy/news editor Graeme Roberts' Friday wrap on the important automotive news from the week just ending.
There are currently no comments on this article
Be the first to comment on this article