GERMANY: Daimler lowers earnings forecast as Q1 profits slump
Daimler has said it now expects earnings to fall this year, following a 60% slump in first quarter profits and…
Quarterly results season rolls around again
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JAPAN: Alpine FY2012 net income falls 24.2%
Auto audio and navigator specialist Alpine Electronics said net income declined by 24.2% to JPY4.57bn (US$56.9m) for the fiscal year…
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JAPAN: Akebono Brake posts loss for fiscal 2011
Akebono Brake has reported a net loss of JPY3.2bn (US$39.8m) for the fiscal year 2011, compared to net profit of…
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JAPAN: Isuzu 2012 net profit surges 77%
Isuzu Motors booked net income of JPY91.26bn (US$1.14bn) for the fiscal year ended 31 March 2012, up 76.9% year on…
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CHINA: SORL Auto Parts Q1 gross profit dips
SORL Auto Parts, a Chinese manufacturer and distributor of automotive brake systems, said gross profit for the first quarter of 2012…
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RUSSIA: UAZ swings to net profit in first quarter
Russian automaker Ulyanovsk Automobile Plant (UAZ), controlled by Ford's local partner Sollers, posted a net profit of RUB70.8m (US$2.3m) in…
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RUSSIA: Avtovaz Q1 net profit down 88.5%
Net profit at Russia’s largest car maker Avtovaz plunged 88.5% year on year to RUB105m (US$3.4m) in the first quarter…
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JAPAN: Asahi Glass Q1 net income falls 53.8%
Auto supplier Asahi Glass net income fell 53.8% year on year to JPY17.75bn (US$221.8m) for the first quarter ended 31…
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JAPAN: Nissan Q4 profit jumps 33%
Nissan’s profit jumped 33% year on year in the last quarter of its fiscal year to 31 March, 2012 and…
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CANADA: Magna ups Q1 sales 7% to $7.7bn, books assembly fall of 11%
Magna has posted first quarter sales of US$7.7bn - an increase of 7% from the same period of 2011 - but…