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BRAZIL: Auto profit remittances come to a halt

12 June 2015 | Fernando Calmon

BRAZIL: Auto profit remittances come to a halt Fernando Calmon In 2006, when Brazil’s central bank (BCB) started issuing statistics on the profits remitted abroad categorised by the different s... 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


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


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


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


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


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: 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


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


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


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 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


CHINA: SAIC H1 profit surges but cautious on FY sales

31 August 2011 | Graeme Roberts

CHINA: SAIC H1 profit surges but cautious on FY sales Graeme Roberts SAIC Motor - the owner of MG and GM and VW joint ventures partner - said first-half profit surged 46% year on year due to higher s... read more


CHINA: SAIC financial restructuring plan approved

4 August 2011 | Glenn Brooks

CHINA: SAIC financial restructuring plan approved Glenn Brooks SAIC Motor Group said an asset-restructuring plan had been approved by all relevant government authorities, according to official news a... 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


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


CHINA: SAIC Q4 net surges 58%

30 March 2011 | just-auto.com editorial team

CHINA: SAIC Q4 net surges 58% just-auto.com editorial team SAIC Motor, whcih has Chinese joint ventures with General Motors and Volkswagen, on Wednesday said fourth quarter net profit rose 58.4% year... read more


CHINA: GM supremo promises continued aggressive investment

15 February 2011 | just-auto.com editorial team

CHINA: GM supremo promises continued aggressive investment just-auto.com editorial team General Motors' chairman and CEO Dan Akerson met Chinese media for the first time on Tuesday and said the autom... read more


CHINA: SAIC net up over 100%

31 January 2011 | just-auto.com editorial team

CHINA: SAIC net up over 100% just-auto.com editorial team China's top automaker, and VW and GM partner, SAIC Motor has said its net profit for 2010 rose more than 100% on strong car sales. The fir... read more


CHINA: SAIC close to GM stake decision

3 November 2010 | just-auto.com editorial team

CHINA: SAIC close to GM stake decision just-auto.com editorial team SAIC Motor Corp is close to making a decision on whether to buy a stake in its long-time partner General Motors as the latter go... read more


CHINA: SAIC Q3 net up 47%

27 October 2010 | just-auto.com editorial team

CHINA: SAIC Q3 net up 47% just-auto.com editorial team General Motors and Volkswagen China partner SAIC Motor said third quarter net profit jumped 46.6%, in line with expectations, on solid demand... read more


INDIA: Ashok Minda Group on acquisition spree in Europe

5 October 2010 | Satnam Singh

INDIA: Ashok Minda Group on acquisition spree in Europe Satnam Singh Leading Indian automotive components maker Ashok Minda Group has bought Aksys in Koengen, Germany. The acquisition has been rename... read more


CHINA: Buffett may raise BYD stake

29 September 2010 | just-auto.com editorial team

CHINA: Buffett may raise BYD stake just-auto.com editorial team Contrary to earlier  speculation , billionaire US-based investor Warren Buffett has discussed the possibility of raising his 10%... read more


CHINA: SAIC reports healthy H2, Q1 results

25 August 2010 | just-auto.com editorial team

CHINA: SAIC reports healthy H2, Q1 results just-auto.com editorial team China's biggest automaker, SAIC Motor, has reported second quarter net profit up 266% on strong vehicle sales. The auto... read more


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