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  • Newswire

    UPDATE 1-India's Tata Motors reports surprise plunge in Q4 profit  

    * Net profit 17.17 bln rupees vs est 40.95 bln rupees * Lower profit at JLR division * India unit net loss widens (Adds details about luxury unit and India business) By Zeba Siddiqui MUMBAI, May 26 (Reuters) - Tata Motors Ltd, India's biggest automaker by revenue, reported a surprise drop in quarterly earnings on Tuesday, hit by higher costs and lower profit at its luxury Jaguar Land Rover unit....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
  • Newswire

    Canadian Supplier Magna's Sales Rise With U.S. Demand  

    The auto-parts manufacturer has raised its 2015 operating-margin forecast while predicting sales will fall because of weakened foreign currencies....More
  • Newswire

    Auto Supplier Visteon's Q1 Profit Increases  

    The auto-parts manufacturer reports net first-quarter income of $50 million, or $1.10 a share, compared with $19 million, or $0.38 a share, a year earlier....More
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