Finance http://wardsauto.com/taxonomy/term/53307/more en India's Mahindra 4Q Profit Drop Steepest Since 2008 http://wardsauto.com/indias-mahindra-4q-profit-drop-steepest-2008 <div class="node-body reuters_news-body">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.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/indias-mahindra-4q-profit-drop-steepest-2008" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific India Finance Fri, 29 May 2015 11:25:00 +0000 1289511 at http://wardsauto.com GM Korea Union Seeks Hefty Pay Hikes, Job Guarantees http://wardsauto.com/management-strategy/gm-korea-union-seeks-hefty-pay-hikes-job-guarantees <div class="node-body article-body">The KMWU’s wage-hike demand is 252% higher than the 63,000-won monthly increase agreed upon in 2014, and it seeks bonuses 43% to 238% higher than the average 10.5 million won paid out last year.</div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/management-strategy/gm-korea-union-seeks-hefty-pay-hikes-job-guarantees" target="_blank">read more</a></p> http://wardsauto.com/management-strategy/gm-korea-union-seeks-hefty-pay-hikes-job-guarantees#comments Premium Auto Makers Management & Strategy Plants & Production Politics Asia Pacific India South Korea General Motors Capacity Utilization Finance Labor & Human Resources Production Trade Thu, 28 May 2015 09:40:00 +0000 1288401 at http://wardsauto.com <p><strong>Union frets about losing Spark export builds to GM India.</strong></p> China's BYD to Raise Funds for Expansion Plans http://wardsauto.com/chinas-byd-raise-funds-expansion-plans <div class="node-body reuters_news-body">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. </div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/chinas-byd-raise-funds-expansion-plans" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Plants & Production Asia Pacific Vehicles & Technology China Batteries Capacity Utilization Component Electric Vehicles Finance Product Development Wed, 27 May 2015 04:25:00 +0000 1287661 at http://wardsauto.com UPDATE 2-Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop http://wardsauto.com/update-2-tata-motors-net-profit-down-56-pct-jaguar-land-rover-chinese-sales-drop <div class="node-body reuters_news-body"><p>* Net profit 17.17 bln rupees vs 40.95 bln rupees forecast</p> <p>* JLR unit profit falls by a third</p> <p>* Analyst estimates forex loss of about 220 mln pounds (Adds executive comment, details)</p> <p>By Zeba Siddiqui and Aditi Shah</p> <p>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.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-tata-motors-net-profit-down-56-pct-jaguar-land-rover-chinese-sales-drop" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific India Finance Tue, 26 May 2015 15:52:20 +0000 1287121 at http://wardsauto.com UPDATE 1-Nissan CEO says no need to change Renault alliance after French govt ups stake http://wardsauto.com/update-1-nissan-ceo-says-no-need-change-renault-alliance-after-french-govt-ups-stake <div class="node-body reuters_news-body"><p>* No need to change capital alliance with Renault - Nissan's Ghosn</p> <p>* Nissan set aside enough funds to cover Takata-linked recalls -Ghosn (Adds Ghosn comments on Takata, background)</p> <p>By Maki Shiraki</p> <p>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.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-1-nissan-ceo-says-no-need-change-renault-alliance-after-french-govt-ups-stake" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific Europe Japan France Finance Globalization Mon, 18 May 2015 04:53:32 +0000 1283171 at http://wardsauto.com Takata Won't Reserve Cash for Future Airbag Recalls, CFO Says http://wardsauto.com/takata-wont-reserve-cash-future-airbag-recalls-cfo-says <div class="node-body reuters_news-body">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.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/takata-wont-reserve-cash-future-airbag-recalls-cfo-says" target="_blank">read more</a></p> Public Gated Management & Strategy Suppliers Asia Pacific Vehicles & Technology Japan Airbags Finance Safety Thu, 14 May 2015 08:01:00 +0000 1281221 at http://wardsauto.com Russia to Stabilize Ruble, Protect Global Automakers http://wardsauto.com/europe/russia-stabilize-ruble-protect-global-automakers <div class="node-body article-body">The government says it will take fluctuations in the value of the ruble and other currencies into account when determining the percentage of locally sourced components required in foreign automakers’ car-assembly operations. </div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/europe/russia-stabilize-ruble-protect-global-automakers" target="_blank">read more</a></p> http://wardsauto.com/europe/russia-stabilize-ruble-protect-global-automakers#comments Public Gated Auto Makers Management & Strategy Politics Sales & Marketing Europe Russia General Motors Opel/Vauxhall Finance Local Content Restructuring Sales Results Tariffs Trade Tue, 12 May 2015 17:04:00 +0000 1278061 at http://wardsauto.com <p><strong>GM pullout prompted Russian government to act.</strong></p> Jatco Geared to Meet Growing Global CVT Demand http://wardsauto.com/suppliers/jatco-geared-meet-growing-global-cvt-demand <div class="node-body article-body">Management claims to be on track to reach its ¥1 trillion ($8.4 billion) sales target by fiscal 2018 and become the world’s top producer of automatic transmissions by 2020.</div> <div class="og_rss_groups"></div><p><a href="http://wardsauto.com/suppliers/jatco-geared-meet-growing-global-cvt-demand" target="_blank">read more</a></p> http://wardsauto.com/suppliers/jatco-geared-meet-growing-global-cvt-demand#comments Public Gated Auto Makers Management & Strategy Plants & Production Suppliers Asia Pacific Vehicles & Technology North America Mexico Japan Nissan Continuously Variable (CVT) Finance Global Sources Production Purchashing Transmission Tue, 12 May 2015 09:18:00 +0000 1271461 at http://wardsauto.com <p><strong>Jatco exhibits new CVT chain at recent SAE World Congress.</strong></p> <p>&nbsp;</p> Suzuki Sees 2015 Recovery After First Profit Drop in 6 Years http://wardsauto.com/suzuki-sees-2015-recovery-after-first-profit-drop-6-years <div class="node-body reuters_news-body">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.</div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/suzuki-sees-2015-recovery-after-first-profit-drop-6-years" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific Japan Finance Mon, 11 May 2015 08:01:00 +0000 1277521 at http://wardsauto.com UPDATE 2-Toyota flags 3rd year of record profit on strong US sales, cost cuts http://wardsauto.com/update-2-toyota-flags-3rd-year-record-profit-strong-us-sales-cost-cuts <div class="node-body reuters_news-body"><p>* Sees FY net profit up 3.5 percent to nearly $19 bln</p> <p>* N. America sales seen up 4.8 pct; globally to drop 0.8 pct</p> <p>* Q4 net profit up 50 percent; last FY net profit up 19 pct (Recasts, adds president comment, Q4 results)</p> <p>By Chang-Ran Kim</p> <p>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.</p></div><div class="og_rss_groups"></div><p><a href="http://wardsauto.com/update-2-toyota-flags-3rd-year-record-profit-strong-us-sales-cost-cuts" target="_blank">read more</a></p> Public Gated Auto Makers Management & Strategy Asia Pacific Japan Finance Fri, 08 May 2015 09:41:11 +0000 1276501 at http://wardsauto.com