Volkswagen Group is trumpeting a "successful start to 2012" after first quarter operating profit rose 10.2% to EUR3.2bn on sales revenue up 26.3% to EUR47.3bn.
Rising gasoline prices have gone from bane to boon for the recovering U.S. auto industry. In 2008, U.S. gas prices hit a record of $4.11 a gallon and contributed to Detroit's downfall, as truck and SUV sales collapsed.
Bosch said its first-quarter sales rose 5 percent despite a weak Europe and a cooling global economy but warned it may not reach its 2012 growth target due to high raw material costs and the cost of investments in areas such as electromobility and...
Bosch said its first-quarter sales rose 5 percent despite a weak Europe and a cooling global economy but warned it may not reach its 2012 growth target due to high raw material costs and the cost of investments in areas such as electromobility and...
Swedish Social Democratic members of Parliament have attacked what they claim is lost time from government inertia, concerning approval of investment by Russian businessman, Vladimir Antonov in Saab.
Soaring sales of new and used vehicles boosted the first-quarter results at Group 1 Automotive Inc. and Asbury Automotive Group Inc. The results underscored what has emerged as a blockbuster quarter for most of the major U.S. auto dealership groups.
Mitsubishi Motors has boosted full year net profit 53% to JPY23.9bn and operating profit up 58% to JPY 63.7bn on sales off 1% to JPY1.8 trillion. MMC blamed that on a drop in wholesale volume and the negative impact of the strong yen.
Coda Automotive, a California-based private company, and China's Great Wall Motors will develop and, build and an entry level electric vehicle to sell in North America, China and Europe.
Daimler CEO Dieter Zetsche has told Brazilian journalists the company is most likely to resume car manufacturing in Brazil through its partnership with Renault-Nissan.
Renault first quarter group revenue fell 8.6% to EUR9.5bn (US$12.6bn), while units sold dropped 7.9% to almost 639,000.
Mercedes A25 AMG hot hatch spied with less camouflage at the Nurburgring
Mazda Motor and Ford have announced an additional spend of US$27m (approximately THB837m) in their AutoAlliance (Thailand) (AAT) joint venture to upgrade production equipment and increase pickup truck production capacity by 20,000 units per year.
Volkswagen Group reported a 10 percent gain in first-quarter operating profits on higher demand at its Audi luxury brand. Operating profit rose to 3.21 billion euros ($4.26 billion) from 2.91 billion euros a year earlier, the automaker said today.
Volkswagen Group reported first-quarter profit that beat analysts' estimates on higher demand at its Audi luxury brand. The automaker stuck to its target of matching last year's record operating profit of 11.
Hyundai boosted sales in the United States and bucked sluggish markets in Europe and China to drive quarterly net profit up by almost a third to $2.15 billion, its highest since changing accounting methods a year ago.
Hyundai expects to beat an aggressive sales target to raise car sales by 15.4 percent in Europe even though the overall market may fall by 5 percent. The automaker reported quarterly net profit up by almost a third to $2.15 billion.
Renault said first-quarter revenue fell 9 percent on declining European demand as the car industry struggles with a sluggish economy in the region and overcapacity.
Chrysler has announced its best quarterly profit since Italian automaker Fiat took control of the company following its 2009 bankruptcy. The U.S. carmaker said first-quarter net income rose to $473 million, up from $116 million a year ago.
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