Forecasts

Ford sets high 2020 sales goal while Europe remains a drag

Sept. 30, 2014 09:54 CET
Ford targets boosting its global vehicle sales by 52 percent to 9.4 million annually by 2020 as the automaker looks to fast-growing Asian markets to offset the poor-performing regions of Europe and South America....
Read More »

 

Cadillac’s China sales expected to grow 40% this year

6:35 am U.S. ET | Sept. 24, 2014
GM expects Cadillac sales in China to increase 40 percent this year, as it prepares to reorganize its luxury brand as a separate unit based in New York....
Read More »

 

Michelin seen missing 2014 sales goal, report says

Sept. 23, 2014 11:37 CET
Michelin may miss its goal of boosting sales by 3 percent this year on weak European and emerging markets, a French daily reported, citing the company's finance chief Marc Henry....
Read More »

 

Fiat's Marchionne sticks to 2014 guidance

Sept. 11, 2014 15:57 CET
Fiat CEO Sergio Marchionne says he sees no reason at present to review the carmaker's 2014 financial guidance despite weakness in Europe and Latin America. After poor second-quarter results from Fiat, analysts were widely expecting a cut in guidance....
Read More »

 

Subaru boosts 2014 U.S. sales forecast to 500,000 vehicles

8:00 am U.S. ET | Sept. 10, 2014
Subaru of America, expecting to sustain strong growth in the United States, has boosted its forecast for sales this year to 500,000. Last year's total of 424,683 marked the Japanese brand's fifth consecutive U.S. annual sales record....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Supercar sales forecast to rise more than 60% in Europe by 2017

Sept. 9, 2014 06:15 CET
European sales of supercars are on the rebound as automakers begin to replace aging models and consumer confidence returns after the recession. Models such as BMW's i8 are forecast to boost volume by over 60 percent through 2017, IHS Automotive says....
Read More »

 

Audi CEO sees strong sales growth despite Russia, emerging markets slowdown

Sept. 3, 2014 10:40 CET
Audi expects to sell more than 1.7 million cars this year as China and the U.S. offset lower sales in Russia and other emerging markets, CEO Rupert Stadler said....
Read More »

 

AvtoVAZ aims to win back market share to return to profit, CEO Andersson says

Aug. 27, 2014 10:54 CET
AvtoVAZ plans to return to profit by cutting costs and rolling out new models to claw back market share that has been slipping away from the producer of Lada vehicles since the end of the Soviet Union....
Read More »

 

Sixt says BMW car-sharing venture is profitable in most cities

Aug. 21, 2014 11:43 CET
Germany's Sixt said its DriveNow car-sharing venture with BMW is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts....
Read More »

 

Dutch car sales likely to fall to 45-year low, industry group says

Aug. 19, 2014 13:36 CET
Dutch car sales will likely fall to their lowest level since 1969 this year as sluggish economic recovery and weak consumer confidence hit demand, automotive industry consultancy group Aumacon says....
Read More »

 

BMW second-quarter profit jumps 26% boosted by record car sales

Aug. 5, 2014 09:02 CET
BMW said its second-quarter operating profit rose 26 percent, as new models, a rebounding Europe and strong China sales boosted earnings....
Read More »

 

Toyota profit surges on U.S. SUV demand

3:21 am U.S. ET | Aug. 5, 2014
Toyota said net income in the April-to-June period rose to a record 587.8 billion yen ($5.7 billion) as surging SUV sales in the United States eclipsed shrinking demand in Japan. The company raised its North America vehicle sales target for the year....
Read More »

 

VW profit falls, raising pressure to cut costs

July 31, 2014 11:38 CET
Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility and a plunge in earnings at its core passenger-car division weighed on earnings....
Read More »

 

Continental raises 2014 profit forecast on lower costs, auto demand

July 31, 2014 11:26 CET
Continental raised its 2014 profit forecast for the second time this year to 11 percent of sales from 10.5 percent, after lower production costs and improving auto demand helped boost quarterly earnings....
Read More »

 

PSA's car division back in profit as new CEO makes mark

July 30, 2014 08:27 CET
PSA/Peugeot-Citroen narrowed its first-half net loss and posted the first positive contribution from its core auto division in three years, as the carmaker's recovery plan began to show early results....
Read More »

 

Honda profit rises 7 percent on cost cuts, Japan sales

3:30 am U.S. ET | July 29, 2014
Honda's quarterly operating profit rose 7 percent to $1.94 billion as lower sales in the United States were offset by costs cuts and the company's stronger focus on Asian markets....
Read More »

 

Faurecia increases earnings target

July 29, 2014 11:39 CET
Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent on strong demand in Asia and higher market share in its home region....
Read More »

 

Renault first-half profit surges 25% on cost cuts

July 29, 2014 08:28 CET
Renault reported a 25 percent jump in first-half operating profit thanks to cost-cutting even as currency headwinds and mounting inventories hurt sales and cash flow....
Read More »

 

Bentley CEO rolls back 'aggressive' sales forecasts

July 24, 2014 13:12 CET
Bentley expects 2014 deliveries to be lower than previously forecast as the carmaker is hit by the crisis in Ukraine and Russia and struggles to maintain high sales growth in China....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mid-sized segment forecast to hit record low this year

July 10, 2014 06:01 CET
Sales in the once-strong volume mid-sized sector are forecast to fall to less than 500,000 in western Europe this year, down from more than 800,000 in 2011, as pressure from premium alternatives mounts....
Read More »

 

Bosch sees 2014 sales growth at top end of range

July 10, 2014 19:09 CET
Bosch expects full-year sales to be at the top end of its target range, CEO Volkmar Denner said. Bosch has forecast revenue growth of between 3 and 5 percent for 2014....
Read More »

 

PSA-Dongfeng raises 2014 China sales target

July 7, 2014 14:42 CET
PSA's Chinese joint venture with Dongfeng raised its 2014 sales target by about 50,000 vehicles after sales rose 24 percent in the first six months....
Read More »

 

Mazda on course to beat Europe sales target in 2014

July 3, 2014 10:57 CET
Mazda expects to beat its European sales target this year after regional deliveries rose 24 percent in the first five months, more than triple the 7 percent the automaker is forecasting for 2014....
Read More »

 

Maserati on track to meet sales targets, CEO Wester says

June 19, 2014 15:45 CET
Maserati is on track to meet sales targets of 50,000 in 2015 and 75,000 in 2018, CEO Harald Wester said. The company sold 15,400 cars globally in 2013....
Read More »

 

Fiat Chrysler will achieve 2014 targets despite weak Europe, difficult Brazil, Marchionne says

June 13, 2014 15:53 CET
Fiat Chrysler CEO Sergio Marchionne said the company will meet its 2014 targets even though Europe shows no sign of improvement and the Brazilian car market will remain difficult....
Read More »

 

Rocket Fuel