Third quarter 2014 results: generally upbeat

CHINA: China XD Plastics Q3 net profit up 5.1%

China XD Plastics said third quarter revenue rose 7% year on year to US$315.7m, gross profit fell 0.5% to $65.4m and…

US: Meritor books Q4 net income down to US$3m

Meritor has posted fourth quarter net income of US$3m, down from US$41m. The company sold its Mascot remanufacturing business in…

GERMANY: Tax hits BMW Q3 net profit

The BMW group boosted third quarter profit before financial result (EBIT) 17.1% year on year to EUR2,256m thanks to a…

JAPAN: Yokohama posts nine-month net income up to US$215m

Yokohama Rubber has reported January to September net income up to JPY25bn (US$215m), from JPY20bn, with net sales rising 4.2%…

GERMANY: Osram books full-year net income of EUR193m

Osram says net income for fiscal year ending September, 2014, rose to EUR193m (US$240m), while revenue increased 1% to EUR5.1bn.…

JAPAN: Suzuki warns on minicars as profits slump

Suzuki, Japan’s fourth largest carmaker and a dominant player in the minicar sector, saw its operating profits fall by 14%…

US: Visteon loses $21m in third quarter

Visteon Corporation announced a third quarter 2014 net loss of US$21m ($0.46 a share) on sales of $1.97bn. Adjusted EBITDA excluding discontinued…

JAPAN: Takata raises forecast loss on airbag recalls

Takata is taking more special losses related to airbag recalls as it forecast that it will record a loss of…

US: Chrysler boosts Q3 net profit 32%

Chrysler Group boosted net income 32% year on year in the third quarter of 2014 to US$611m. Revenue was up…

JAPAN/US: Toyota fiscal H1 results highlights

Toyota’s global net income jumped 12.6% during the first six months (1 April–30 September, 2014) of the 2015 fiscal year.…