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South Korean automakers ask government for emergency loans, tax cuts

22 April 2020 | just-auto.com editorial team

South Korean automakers ask government for emergency loans, tax cuts just-auto.com editorial team South Korean vehicle manufacturers this week called on the government to provide up to KRW32 trillion... read more


GM Korea cuts salaries, delays payments, to help it ride the coronavirus storm

30 March 2020 | just-auto.com editorial team

GM Korea cuts salaries, delays payments, to help it ride the coronavirus storm just-auto.com editorial team GM Korea said on Monday it would delay payment of 20% of the salaries of management level e... read more


New funding deal to return GM Korea to profit

30 April 2018 | Staff reporter

New funding deal to return GM Korea to profit Staff reporter GM Korea's main shareholders, General Motors (GM) of the USA and the local state-run Korea Development Bank (KDB), signed a conditiona... read more


GM Korea creditors to provide new funds this week

24 April 2018 | Staff reporter

GM Korea creditors to provide new funds this week Staff reporter GM Korea's main shareholders and creditors are to sign a new funding agreement this week to support the ailing General Motors Sout... read more


Overnight talks avert GM Korea bankruptcy

23 April 2018 | Graeme Roberts

Overnight talks avert GM Korea bankruptcy Graeme Roberts Bankruptcy of General Motors' South Korean operation appears to have been averted at the last minute after the automaker agreed a deal wi... read more


RUSSIA: Wild currency ride sees GM temporarily suspend wholesaling

18 December 2014 | Simon Warburton

RUSSIA: Wild currency ride sees GM temporarily suspend wholesaling Simon Warburton Russia's chaotic currency situation has led General Motors to temporarily suspend wholesaling of vehicles to dealers... read more


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


JAPAN: Takata shares recover after airbag recall charge update

22 October 2014 | Graeme Roberts

JAPAN: Takata shares recover after airbag recall charge update Graeme Roberts Takata Corporation, the Japanese maker of air bags at the centre of an auto industry-wide safety crisis , has recovered ... 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


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


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


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: 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


CHINA: GM buys back 1% stake in joint venture

18 February 2013 | Graeme Roberts

CHINA: GM buys back 1% stake in joint venture Graeme Roberts General Motors, which runs 12 joint ventures in China, said it had repurchased a 1% stake in its joint venture with SAIC Motor which it so... 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


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


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


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


SOUTH KOREA: General Motors to hike stake in Korean unit - reports

29 October 2012 | Staff reporter

SOUTH KOREA: General Motors to hike stake in Korean unit - reports Staff reporter General Motors hopes to increase control of its South Korean car manufacturing unit, GM Korea, according to local rep... 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


CHINA: Hyundai Motor and BAIC set up China auto finance venture

26 September 2012 | Dave Leggett

CHINA: Hyundai Motor and BAIC set up China auto finance venture Dave Leggett Hyundai Motor Group has established an auto financing venture in China with BAIC Group to help boost sales of Hyundai and ... 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


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


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


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: 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


SOUTH KOREA: Kia books record profits, sees growth slowing

30 January 2012 | Graeme Roberts

SOUTH KOREA: Kia books record profits, sees growth slowing Graeme Roberts Hyundai Motor affilate Kia Motors, like its parent , has reported record-high earnings for 2011 thanks to its upgraded brand... 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


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