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  • 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
  • Newswire

    Russia to Protect Foreign Automakers From Ruble Fluctuation  

    Industry sources tell a Russian newspaper the government will act to reduce the risk of ruble fluctuations to foreign automakers that have localized production in the country....More
  • Newswire

    Aggressive Investment Cuts Into Audi's Profit Margin  

    The Volkswagen-owned luxury automaker's first-quarter operating profit rose 8.2%, but new-product investment, overseas expansion and technology trimmed its operating margin to 9.7% from 10.1% year-ago....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares extend losses after CEO's consolidation call  

    (Adds details, Ford comments, analysts, updates shares) By Agnieszka Flak MILAN, April 30 (Reuters) - Milan-listed shares in Fiat Chrysler Automobiles (FCA) fell to a 10-week low on Thursday, a day after its chief executive called for large-scale industry consolidation. Sergio Marchionne on Wednesday renewed his plea for shrinking the number of players in the global auto sector to sustain the heavy capital investments needed to meet demands for cleaner, safer vehicles....More
  • Newswire

    RPT-UPDATE 2-Honda forecasts flat profit this year as quality fixes weigh  

    (Repeats to fix formatting, no change to text) By Chang-Ran Kim TOKYO, April 28 (Reuters) - Honda Motor Co forecast on Tuesday a scant 0.4 percent rise in net profit for the year that began on April 1, saying higher quality-related costs and currency losses would offset gains from vehicle sales growth....More
  • Newswire

    GM Expects to Halt Venezuela Production in July  

    The automaker, which builds four vehicles and employs 3,000 people in Venezuela, is the latest U.S. corporation acting to protect its profits against the country's currency fluctuations....More
  • Newswire

    Fiat Chrysler Q1 operating profit weighed by Brazil weakness  

    MILAN, April 29 (Reuters) - Fiat Chrysler Automobiles on Wednesday reported slightly lower-than-expected first-quarter operating profit, as strong performance in North America was partially offset by continued weak conditions in Latin America. The company confirmed its full-year guidance....More
  • Newswire

    No.1 Chinese Automaker SAIC Q1 Profit Up 7%  

    The automaker reports a net quarterly profit of ¥7.5 billion on revenues of ¥170 billion, up 0.9% from like-2014....More
  • Newswire

    Daimler Tops Q1 Earnings Forecast  

    Earnings were boosted by a 9.2% return on sales at the automaker's luxury Mercedes-Benz Div., which beat prior-year's 7% result....More
  • Newswire

    UPDATE 2-VW investors hope Piech exit may usher in change  

    * VW investors say Piech exit may boost shares -survey * Shares up almost 5 pct * VW strategy shifts to address Piech criticism -sources (Adds investor comment, background on M&A and markets) BERLIN, April 27 (Reuters) - Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech....More
  • Newswire

    Family Stake in Peugeot at Issue in Meeting  

    A French newspaper reports the June meeting will center on differences among the Peugeot family over its 14.1% stake in the automaker....More
  • Newswire

    India's Maruti Suzuki Q4 Profit Climbs 61%  

    India's largest automaker exceeded analyst estimates by posting a Rs12.8 billion net profit for the quarter ended March 31 compared with Rs8 billion year-ago....More
  • Newswire

    Mazda Projects 3.5% Uptick in Operating Profit  

    The Japanese automaker expects current-year global vehicle sales to rise 6.6%, but operating profit will be trimmed by the yen's strength against the euro, Australian dollar and Thai baht....More
  • Newswire

    Ssangyong Says Mahindra Denies Plan to Raise Stake  

    Ssangyong says Mahindra & Mahindra, which owns 72.85% of the Korean automaker, denies a television report that the Indian industrial conglomerate will raise its stake to between 90% and 95%....More
  • Newswire

    Indian Automaker Preparing to Bid for Pininfarina  

    Sources say Mahindra & Mahindra intends to submit a formal bid for the Italian car-design studio in time for an April 29 shareholder meeting....More
  • Newswire

    French Government Completes Renault Stake Increase  

    The government's stake in Renault stands at 19.74%, up from 15.01%, in a move designed to obtain the extra voting weight needed to block efforts to uphold the automaker's one-share, one-vote capital structure....More
  • Newswire

    Supplier Continental Steps Up China Investment  

    CEO Elmar Degenhart says the German supplier plans to invest about €1 billion in China to 2019, the same amount it invested from 2010-2014....More
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