Finance

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  • Newswire

    India's Mahindra 4Q Profit Drop Steepest Since 2008  

    India's leading seller of utility vehicles says profit for the quarter ending March 31 fell 39% to Rs5.5 billion, its steepest decline since an 89% skid in December 2008....More
  • Newswire

    China's BYD to Raise Funds for Expansion Plans  

    The Chinese automaker, which is backed by U.S. investor Warren Buffett's firm, reportedly plans to raise RMB12 billion to raise battery-production capacity and develop new models....More
  • Newswire

    UPDATE 2-Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop  

    * Net profit 17.17 bln rupees vs 40.95 bln rupees forecast * JLR unit profit falls by a third * Analyst estimates forex loss of about 220 mln pounds (Adds executive comment, details) By Zeba Siddiqui and Aditi Shah MUMBAI/NEW DELHI, May 26 (Reuters) - Tata Motors Ltd , India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market....More
  • Newswire

    UPDATE 1-Nissan CEO says no need to change Renault alliance after French govt ups stake  

    * No need to change capital alliance with Renault - Nissan's Ghosn * Nissan set aside enough funds to cover Takata-linked recalls -Ghosn (Adds Ghosn comments on Takata, background) By Maki Shiraki YOKOHAMA, Japan, May 18 (Reuters) - Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker's capital alliance with Renault at present after France raised its stake and voting rights in Renault last month....More
  • Newswire

    Takata Won't Reserve Cash for Future Airbag Recalls, CFO Says  

    According to two analysts who attended a company briefing, CFO Yoichiro Nomura said the supplier is not earmarking more cash to pay for an expended recall of cars equipped with potentially defective airbag inflators....More
  • Newswire

    Suzuki Sees 2015 Recovery After First Profit Drop in 6 Years  

    Japan's fourth-largest automaker says annual operating profit fell 4.4%, short of its prediction of a 0.1% rise, as strong sales in India were undercut by slumping demand at home....More
  • Newswire

    UPDATE 2-Toyota flags 3rd year of record profit on strong US sales, cost cuts  

    * Sees FY net profit up 3.5 percent to nearly $19 bln * N. America sales seen up 4.8 pct; globally to drop 0.8 pct * Q4 net profit up 50 percent; last FY net profit up 19 pct (Recasts, adds president comment, Q4 results) By Chang-Ran Kim TOKYO, May 8 (Reuters) - Toyota Motor Corp said it will crank net profit up to a third straight record this year as cost cuts and rising U.S. sales offset weaker business elsewhere, building on bumper earnings last year powered largely by foreign-exchange gains....More
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