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MALAYSIA: BMW assembler Sime Darby delays automotive IPO

6 May 2015 | Staff reporter

MALAYSIA: BMW assembler Sime Darby delays automotive IPO Staff reporter Malaysian diversified conglomerate Sime Darby has cancelled an initial public offering (IPO) for its automotive business which ... read more


RUSSIA: Ford to take control of Sollers JV

10 April 2015 | Graeme Roberts

RUSSIA: Ford to take control of Sollers JV Graeme Roberts Ford is to take a controlling interest in its Russian vehicle making joint venture with Sollers through the acquisition of preferred shares t... read more


JAPAN: Takata predicts US$244m loss as airbag impact hits

7 August 2014 | Simon Warburton

JAPAN: Takata predicts US$244m loss as airbag impact hits Simon Warburton Takata is forecasting a full-year loss of US$245m as it deals with the fall-out from faulty airbag inflators, which has seen ... read more


JAPAN: Toyota Q1 profit beats analysts' estimates

5 August 2014 | Graeme Roberts

JAPAN: Toyota Q1 profit beats analysts' estimates Graeme Roberts Toyota Motor boosted both operating and net profit in its first fiscal quarter as unit sales (+0.4%) and revenue (2.2%) only inched up... read more


INDIA: JLR props up its Tata parent

30 May 2014 | Chris Wright

INDIA: JLR props up its Tata parent Chris Wright Who would have thought six years ago, when Tata Motors bought the ailing Jaguar and Land Rover brands from Ford, that the British carmaker would be pr... read more


JAPAN: Mazda ready to sell Flat Rock plant stake to Ford

30 April 2014 | Graeme Roberts

JAPAN: Mazda ready to sell Flat Rock plant stake to Ford Graeme Roberts Mazda CEO Masamichi Kogai has said the company is ready to begin talks with Ford to sell Mazda's stake in a joint venture that ... read more


RUSSIA: Sollers majority holding moved home

10 April 2014 | Graeme Roberts

RUSSIA: Sollers majority holding moved home Graeme Roberts The majority shareholder in Russian car maker - and Ford partner - Sollers reportedly has moved his holding back to Russia, becoming the fir... read more


JAPAN: Nissan struggles to meet its targets

10 March 2014 | Chris Wright

JAPAN: Nissan struggles to meet its targets Chris Wright Nissan may not be able to achieve its twin targets of 8% global market share and an 8% operating margin under its Nissan Power 88 road map to ... read more


THAILAND: Parts maker PCS to launch IPO

15 November 2013 | Staff reporter

THAILAND: Parts maker PCS to launch IPO Staff reporter Thai automotive parts manufacturer PCS Machine Group Holding Plc announced plans to raise THB6.1bn in an initial public offering (IPO) to fund e... read more


RUSSIA: Ford partner Sollers back in black

14 November 2013 | Graeme Roberts

RUSSIA: Ford partner Sollers back in black Graeme Roberts Sollers - a Ford JV partner in Russia posted a RUB637.3m net profit in January–September against a RUB1.07bn net loss in the same perio... read more


MALAYSIA: New Magneti Marelli plant comes on line

24 October 2013 | Chris Wright

MALAYSIA: New Magneti Marelli plant comes on line Chris Wright Magneti Marelli has begun operations at a new plant in Batu Kawan, Penang, to boost production for ASEAN countries and Japan. Chief e... read more


RUSSIA: Sollers acquires 13.2% of UAZ for RUB850.3m

13 September 2013 | Graeme Roberts

RUSSIA: Sollers acquires 13.2% of UAZ for RUB850.3m Graeme Roberts Russian car producer and Ford JV partner Sollers has acquired a 13.2% stake in its subsidiary UAZ from the government for RUB850.307... read more


CHINA: Jiangling posts 11% gain in net profit

19 July 2013 | Tony Lewis

CHINA: Jiangling posts 11% gain in net profit Tony Lewis Jiangling Motors, the light truck and SUV maker in which Ford has a 30% holding, posted net profits for the first half of the year of CNY937m ... read more


JAPAN: Denso net income more than doubles in FY2012-13

30 April 2013 | Dave Leggett

JAPAN: Denso net income more than doubles in FY2012-13 Dave Leggett Denso's consolidated net sales for the fiscal year ended 31 March 2013 totalled JPY3.58tn (US$38.1bn), a 13.5% increase from the pr... read more


CHINA: Ford raises stake in Jiangling Motors

18 April 2013 | Graeme Roberts

CHINA: Ford raises stake in Jiangling Motors Graeme Roberts Ford has raised its stake in Jiangling Motors to 31.5% and is looking to increase it to as much as 32% over the next year, both c... read more


CHINA: Geely in pole position for Fisker stake

19 February 2013 | Chris Wright

CHINA: Geely in pole position for Fisker stake Chris Wright Geely could secure a majority stake in electric car maker Fisker Automotive, sources have told China Daily . Fisker is looking for a st... read more


JAPAN: Denso’s nine-month net income surges

5 February 2013 | Dave Leggett

JAPAN: Denso’s nine-month net income surges Dave Leggett Denso has reported strong financial figures on the back of rising car production in North America and a rebound to business in Japan. Denso... read more


CHINA: Chery relies on government subsidy for profit - report

19 November 2012 | Graeme Roberts

CHINA: Chery relies on government subsidy for profit - report Graeme Roberts Chery Automobile, once China's largest home-grown automaker and Tata Motors' JLR's partner in the country , is relying on... 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


CHINA: Ford/Jiangling JV targets heavy truck sales with acquisition

8 August 2012 | Graeme Roberts

CHINA: Ford/Jiangling JV targets heavy truck sales with acquisition Graeme Roberts Ford’s light commercial vehicle joint venture in China will expand into heavy trucks through a major acquisiti... read more


RUSSIA: Sollers to inject RUB750m into car JV with Mazda

7 August 2012 | Graeme Roberts

RUSSIA: Sollers to inject RUB750m into car JV with Mazda Graeme Roberts Russian car manufacturer (and Ford joint venture partner) Sollers plans to inject RUB750m (US$23.7m) into the charter capital o... read more


RUSSIA: Sollers CFO increases stake

21 May 2012 | Dave Leggett

RUSSIA: Sollers CFO increases stake Dave Leggett Nikolai Sobolev , the CFO of Russian automaker Sollers, has increased his stake in the company to 0.29% from 0.14%, according to a statement from Soll... read more


RUSSIA: UAZ swings to net profit in first quarter

16 May 2012 | Graeme Roberts

RUSSIA: UAZ swings to net profit in first quarter Graeme Roberts Russian automaker Ulyanovsk Automobile Plant (UAZ), controlled by Ford's local partner Sollers, posted a net profit of RUB70.8m (US$2.... read more


RUSSIA: City official says St Pete plants not profitable yet

25 April 2012 | Graeme Roberts

RUSSIA: City official says St Pete plants not profitable yet Graeme Roberts Car makers located in St Petersburg - dubbed the Detroit of Russia by some industry observers - continue to operate at a lo... read more


CHINA: Ford van partner Jiangling boosts 2011 profit 9.3%

20 March 2012 | Graeme Roberts

CHINA: Ford van partner Jiangling boosts 2011 profit 9.3% Graeme Roberts Net profit at Chinese minivan maker Jiangling Motors increased 9.31% year on year in 2011 to CNY1.871bn. According to the X... read more


INDIA: Ford, PSA, get Gujarat factory tax breaks

24 February 2012 | Graeme Roberts

INDIA: Ford, PSA, get Gujarat factory tax breaks Graeme Roberts The Gujarat government has given tax relief to Ford and Peugeot which are building or planning new car and engine factories in the stat... read more


INDIA: JBM Cadmium acquires Tesco Go engineering services

4 January 2012 | Satnam Singh

INDIA: JBM Cadmium acquires Tesco Go engineering services Satnam Singh JBM Cadmium, part of JBM Group, has acquired Tesco Go, which provides product development engineering services to the auto, rail... read more


JAPAN: US firm takes largest Mazda stake

26 August 2011 | Graeme Roberts

JAPAN: US firm takes largest Mazda stake Graeme Roberts Major US investment manager AllianceBernstein has acquired a 6.72% ownership stake in Mazda Motor for investment purposes, the US firm said in ... read more


JAPAN: Denso cites earthquake for Q1 operating loss

1 August 2011 | Simon Warburton

JAPAN: Denso cites earthquake for Q1 operating loss Simon Warburton Denso has unveiled first quarter results today (1 August) showing consolidated net sales of JPY630.2bn (US$7.8bn), a 21.5% decrease... read more


INDIA: Costs reduce Motherson Sumi Q1 profit

29 July 2011 | Graeme Roberts

INDIA: Costs reduce Motherson Sumi Q1 profit Graeme Roberts Motherson Sumi Systems has posted a lower than expected 10% rise in quarterly profit due to higher costs. The world's largest maker of r... read more


INDIA: Motherson Sumi takes control of Peguform

14 July 2011 | just-auto.com editorial team

INDIA: Motherson Sumi takes control of Peguform just-auto.com editorial team Indian automotive components firm Motherson Sumi Systems has acquired an 80% stake in Germany-based plastics component mak... read more


JAPAN: Ghosn quizzed over US$12m salary

29 June 2011 | just-auto.com editorial team

JAPAN: Ghosn quizzed over US$12m salary just-auto.com editorial team Nissan shareholders questioned the JPY982m (US$12m) salary paid to chief executive Carlos Ghosn but agreed that he should serve an... read more


CHINA: BAIC unit close to Inalfa completion

27 June 2011 | just-auto.com editorial team

CHINA: BAIC unit close to Inalfa completion just-auto.com editorial team Beijing Hainachuan Automotive Parts, a subsidiary of BAIC Group, has said its acquisition of Inalfa Roof Systems will be compl... read more


TOYOTA FULL YEAR: Other markets offset Japan gloom

11 May 2011 | Graeme Roberts

TOYOTA FULL YEAR: Other markets offset Japan gloom Graeme Roberts Toyota Motor Corporation (TMC) boosted operating profit for the fiscal year ended 31 March 2011 from JPY147.5bn to JPY468.2bn and net... read more


CHINA: Ford may increase stake in Jiangling

17 December 2010 | just-auto.com editorial team

CHINA: Ford may increase stake in Jiangling just-auto.com editorial team Ford is planning to raise its 30% stake in Jiangling Motors, according to Reuters, citing a source with direct knowledge of th... read more


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