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RUSSIA: Sales suspended as ruble crisis bites

18 December 2014 | Chris Wright

RUSSIA: Sales suspended as ruble crisis bites Chris Wright Car makers are pulling down the shutters at dealerships across Russia because of the currency crisis which has seen a 40% drop in the value ... read more


JAPAN: Toyota raises profit forecast

5 November 2014 | Tony Lewis

JAPAN: Toyota raises profit forecast Tony Lewis Toyota has raised its profit forecast for the financial year by more than 12% to JPY2 trillion (US$17.5bn) from an earlier forecast of JPY1.78 trillion... read more


US: Under new Ford CEO, new life beckons for famous Lincoln brand

27 October 2014 | Graeme Roberts

US: Under new Ford CEO, new life beckons for famous Lincoln brand Graeme Roberts Ford's new chief executive, Mark Fields, reportedly is giving the Lincoln brand a little love and a lot of cash. Ac... read more


US: Toyota most valuable auto brand

21 May 2014 | Graeme Roberts

US: Toyota most valuable auto brand Graeme Roberts Toyota is the world's most valuable automotive brand, according to a new survey by Millward Brown which ranked the automaker 26th overall. The to... read more


BRAZIL: Fiat profit down 81% in 2013

15 May 2014 | Graeme Roberts

BRAZIL: Fiat profit down 81% in 2013 Graeme Roberts Only two automakers – Fiat and Renault – are organised in Brazil as PLC companies and therefore obligated by law to issue financial res... read more


FRANCE: Renault Q3 revenue rises 3.2% on car sales up 10.2%

25 October 2013 | Graeme Roberts

FRANCE: Renault Q3 revenue rises 3.2% on car sales up 10.2% Graeme Roberts Renault group revenues rose 3.2% year on year to EUR7.998bn in the third quarter of 2013. Automotive revenues were off ... read more


ITALY: Fiat to buy GM's half of VM Motori

23 September 2013 | Graeme Roberts

ITALY: Fiat to buy GM's half of VM Motori Graeme Roberts Fiat is planning to take full control of diesel engine manufacturer VM Motori by buying out the half of the company owned by joint venture par... read more


CANADA: Ford announcement secures Oakville’s future

20 September 2013 | Chris Wright

CANADA: Ford announcement secures Oakville’s future Chris Wright Ford Canada has announced a major spending programme which will secure the future of its operations in Oakville, Ontario, guaranteeing... read more


CHINA: SAIC reports slowing profit growth in 2012

2 April 2013 | Dave Leggett

CHINA: SAIC reports slowing profit growth in 2012 Dave Leggett SAIC has reported a 2.6% rise in profit last year, its slowest growth since 2008. Profits were squeezed by a slowing economy and incr... read more


SOUTH KOREA: Hyundai Motor unfazed by weakening yen

24 January 2013 | Graeme Roberts

SOUTH KOREA: Hyundai Motor unfazed by weakening yen Graeme Roberts Hyundai Motor sees no immediate threat from the weakening Japanese yen but promised toughen its readiness against its Japanese and g... read more


AN CONGRESS: Confident contract assembler GAZ eyes 10% EBIT hike

17 January 2013 | Simon Warburton

AN CONGRESS: Confident contract assembler GAZ eyes 10% EBIT hike Simon Warburton Renewed confidence at GAZ Group sees the Russian automaker predicting a 10% hike in EBIT (earnings before interest and... read more


SOUTH KOREA: Hyundai profitability matches BMW

19 November 2012 | Graeme Roberts

SOUTH KOREA: Hyundai profitability matches BMW Graeme Roberts Hyundai Motor saw its profitability match the level of BMW, far outperforming several major automakers such as Volkswagen and General Mot... read more


INDIA: Labour strife hits Maruti Suzuki profits

30 October 2012 | Graeme Roberts

INDIA: Labour strife hits Maruti Suzuki profits Graeme Roberts Maruti Suzuki has reported a 5.4% fall in second fiscal quarterly profit, its fifth straight such dip, after it was hit by production ... read more


RUSSIA: GAZ’s H1 net profit more than doubles to US$111.6m

8 October 2012 | Graeme Roberts

RUSSIA: GAZ’s H1 net profit more than doubles to US$111.6m Graeme Roberts GAZ Group, a part of Russia's biggest business group Basic Element, boosted H1 2012 revenue 10% to RUB57.6bn (US$242.3m with ... read more


SOUTH KOREA: BMW and Hyundai tops for operating margin - study

15 August 2012 | Graeme Roberts

SOUTH KOREA: BMW and Hyundai tops for operating margin - study Graeme Roberts BMW and Hyundai Motor outperformed other domestic and foreign auto companies in terms of operating margin in the first ha... read more


GERMANY: Volkswagen defies suggestions to axe loss-making Seat

10 August 2012 | Graeme Roberts

GERMANY: Volkswagen defies suggestions to axe loss-making Seat Graeme Roberts Perennial loss-making Spanish subsidiary Seat is dragging Volkswagen down and it would make sense to close it down and ... read more


CANADA: CAW contract talks will cover cost disparity

18 July 2012 | Graeme Roberts

CANADA: CAW contract talks will cover cost disparity Graeme Roberts Contract talks between Ford and the Canadian Auto Workers (CAW) union will try to close a US$15 an hour labour cost gap compared wi... read more


GERMANY: Opel-Vauxhall engineering chief Rita Forst goes

18 July 2012 | Glenn Brooks

GERMANY: Opel-Vauxhall engineering chief Rita Forst goes Glenn Brooks Opel has announced two new board members, effective 1 September. Michael Lohscheller replaces Mark James as Opel/Vauxhall CFO, wh... read more


US: Lear completes acquisition of Guilford Mills

1 June 2012 | just-auto plus Extended News

US: Lear completes acquisition of Guilford Mills just-auto plus Extended News Lear Corporation, a leading global supplier of automotive seating and electrical power management systems, has completed ... read more


US: Lear completes buy of Guilford Mills

1 June 2012 | Graeme Roberts

US: Lear completes buy of Guilford Mills Graeme Roberts Seating specialist Lear Corporation has completed its purchase of automotive and specialty fabrics maker Guilford Mills for US$257m. "The ac... read more


JAPAN: Isuzu heads for GM talks

22 May 2012 | Graeme Roberts

JAPAN: Isuzu heads for GM talks Graeme Roberts General Motors and Isuzu Motors will soon start negotiating a capital and business tie-up deal focused on joint commercial vehicle projects in Asia and ... read more


JAPAN: Nissan Q4 profit jumps 33%

11 May 2012 | Chris Wright

JAPAN: Nissan Q4 profit jumps 33% Chris Wright Nissan’s profit jumped 33% year on year in the last quarter of its fiscal year to 31 March, 2012 and the carmaker predicted a 28% rise for the yea... read more


CHINA: SAIC beats forecast with 7% profit increase

2 May 2012 | Graeme Roberts

CHINA: SAIC beats forecast with 7% profit increase Graeme Roberts General Motors and Volkswagen Chinese partner SAIC Motor has beaten forecasts with a 7% rise in net profit for the first quarter of 2... read more


US: Lear signs agreement to acquire Guilford Mills, a global leader in automotive and specialty fabrics, from Cerberus

23 April 2012 | just-auto plus Extended News

US: Lear signs agreement to acquire Guilford Mills, a global leader in automotive and specialty fabrics, from Cerberus just-auto plus Extended News Lear Corporation, a leading global supplier of auto... read more


CHINA: GM set to buy back 1% of JV with SAIC

20 April 2012 | Chris Wright

CHINA: GM set to buy back 1% of JV with SAIC Chris Wright General Motors is to buy back the 1% share in its Chinese joint venture from partner SAIC, according to the Wall Street Journal . The sha... read more


CHINA: SAIC hikes 2011 net profit 23%

30 March 2012 | Graeme Roberts

CHINA: SAIC hikes 2011 net profit 23% Graeme Roberts General Motors and Volkswagen China joint venture partner SAIC Motor booked fourth-quarter net profit up 67% year on year to CNY6.93bn, slightly h... read more


CHINA: SAIC sales outperform the market

31 January 2012 | Chris Wright

CHINA: SAIC sales outperform the market Chris Wright SAIC has forecast a rise of more than 40% in 2011 net income because of high demand for German and American marques made at its Shanghai joint ven... read more


RUSSIA: Daimler and Renault to raise local JV stakes

31 January 2012 | Chris Wright

RUSSIA: Daimler and Renault to raise local JV stakes Chris Wright Newswire reports on Tuesday (31 January) said Daimler and Renault are ready to take controlling stakes in their Russian partners, cit... read more


MALAYSIA: Government sells Proton stake to local importer

16 January 2012 | Graeme Roberts

MALAYSIA: Government sells Proton stake to local importer Graeme Roberts Malaysian state investment arm Khazanah Nasional had sold its 42.7% stake in struggling national automaker Proton to leading c... read more


MALAYSIA: DRB-Hicom confirms interest in Proton

10 January 2012 | Staff reporter

MALAYSIA: DRB-Hicom confirms interest in Proton Staff reporter Malaysia’s diversified industrial group DRB-HICOM has confirmed its interest in acquiring the 42.7% stake in Proton Holdings owned... read more


SOUTH KOREA: Mobis, Takata ink agreement for auto safety system components

7 December 2011 | just-auto plus Extended News

SOUTH KOREA: Mobis, Takata ink agreement for auto safety system components just-auto plus Extended News Mobis has announced that it signed a cooperation agreement with Japan's largest supplier of aut... read more


JAPAN: Toyota scraps forecast as Thai floods hit

8 November 2011 | Graeme Roberts

JAPAN: Toyota scraps forecast as Thai floods hit Graeme Roberts Toyota has followed Honda in scrapping profit forecasts after Thailand’s worst floods in almost 70 years hit efforts to recover f... read more


CHINA: SAIC and GM jointly establish new sales company

28 October 2011 | just-auto plus Extended News

CHINA: SAIC and GM jointly establish new sales company just-auto plus Extended News On 26 October, Shanghai Automotive (SAIC) and General Motors (GM) disclosed that the two companies were jointly est... read more


CHINA: SAIC’s Q3 profits soar by 27% as partnership with GM, VW strengthens

28 October 2011 | just-auto plus Extended News

CHINA: SAIC’s Q3 profits soar by 27% as partnership with GM, VW strengthens just-auto plus Extended News SAIC reported an increase of 27% in its third-quarter profits, as it sold more cars with its p... read more


CHINA: SAIC eyes profit growth of over 10% in 2011

13 October 2011 | Graeme Roberts

CHINA: SAIC eyes profit growth of over 10% in 2011 Graeme Roberts A senior executive of SAIC Motor, the GM and VW JV partner in China, said the company expects its earnings to grow by over 10% in 201... read more


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