Autoliv targets $12 billion in sales by end of the decade

Oct. 1, 2015 11:02 CET

Auto safety specialist Autoliv targets $12 billion in sales by the end of the decade and could potentially reach $15 billion, it said today. The company had sales of $9.2 billion in 2014....
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Valeo sees gradual recovery in Chinese car market

Sept. 18, 2015 15:26 CET

Valeo CEO Jacques Aschenbroich said China's auto market is showing signs of recovery and confirmed the company's full-year target of improving on its 7.4 percent first-half operating margin....
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More slow growth predicted for China's 'new normal'

11:53 am U.S. ET | Sept. 9, 2015

A well known consulting firm has issued a downbeat forecast for China’s once-booming auto industry, forecasting growth slowing dramatically over the next seven years....
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Continental confirms profit margin forecast for 2015

Sept. 8, 2015 11:54 CET

Continental says it is on track to reach its recently raised full-year target despite a seasonal downturn in summer. The supplier raised its full-year profit forecast in August and now targets an adjusted profit margin of around 11 percent for 2015 after previously guiding for more than 10.5 percent....
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Daimler still positive on China business despite stock market rout

Aug. 24, 2015 15:36 CET

Mercedes-Benz owner Daimler is counting on China to be a leading driver of car sales growth this year despite the country's stock market turmoil. The automaker expects vehicle ownership levels to rise and will continue to invest more in compact cars in the market where it has been adding dealerships, Hubertus Troska, head of Daimler China, said....
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Fiat Chrysler poised to keep momentum after Ferrari spinoff

Aug. 14, 2015 17:22 CET

A recovering European car market, improving margins and well-received new models have made some analysts more bullish that Fiat Chrysler's shares will continue to rise even after it spins off Ferrari....
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Spain's 2015 sales forecast to top 1 million

Aug. 13, 2015 06:01 CET

New-car sales in Spain are forecast to increase by 23 percent this year to top 1 million for the first time in five years as the country's economic recovery takes hold....
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AvtoVAZ CEO Andersson foresees sales surge from key Lada debuts

Aug. 7, 2015 06:01 CET

Former General Motors purchasing chief Bo Andersson faced a massive task when he was hired to turn around AvtoVAZ, Russia's automotive giant, two years ago. Despite the challenge of a slumping Russian market, Andersson is bullish about the future of the company that builds Lada cars....
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GM economist predicts new U.S. sales records

12:05 pm U.S. ET | Aug. 4, 2015

U.S. auto sales could set a new historic record this year or at least during the current upward business cycle, General Motors' chief economist predicted today....
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Honda quarterly profit rises 20% as U.S. sales, weak yen offset quality costs

4:49 am U.S. ET | July 31, 2015

Honda's quarterly profit jumped 20 percent as strong sales in the U.S. and a weak yen helped to absorb the impact of higher quality-related costs linked to a recall of cars equipped with Takata airbags....
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Nissan Q1 earnings jump 58% on strong U.S. sales, weak yen

4:36 am U.S. ET | July 29, 2015

Nissan said first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in the U.S. and China as well as a weak yen which boosted the value of earnings overseas....
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Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies....
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Faurecia accelerates margin target as first-half earnings surge

July 24, 2015 10:47 CET

Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016....
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TrueCar calls second quarter a 'wake-up call'; shares plunge

9:20 pm U.S. ET | July 23, 2015

TrueCar's CEO warned the online car-shopping company will miss its previous guidance on second-quarter earnings, calling the shortfall a “wake-up call to focus on the business.”...
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Audi reviews China 2015 sales target

July 16, 2015 10:57 CET

Audi is reviewing its 2015 target of selling 600,000 cars in China, the latest sign that a downturn in demand for passenger cars in the world's biggest car market is more severe than automakers expected....
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Swedish supplier SKF sees demand falling as carmakers cut orders on China

July 16, 2015 11:35 CET

Swedish supplier SKF predicts demand at its automotive unit will drop in the current quarter as clients see weakening orders from China....
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Ford expects Russian market to stabilize

July 14, 2015 11:35 CET

Russia's auto market could stabilize in the second half, said the head of Ford's Russian venture, Ted Cannis, halting a slide in sales fueled by the country's economic downturn....
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ACEA raises EU car sales growth forecast to 5% from 2%

July 9, 2015 11:54 CET

European car association ACEA revised upward its forecast for 2015 sales in the EU to more than 13 million vehicles, or 5 percent growth, from a previous estimate of 2 percent. Demand remains below the 2007 peak of almost 16 million cars, ACEA added....
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Small SUV sales forecast to nearly double in Europe's top markets

July 9, 2015 06:15 CET

Small SUV sales in Europe's five largest car markets are forecast to nearly double to 931,000 units by 2018, led by fast-rising demand in France, the UK and Italy, according to IHS Automotive, which also sees the segment growing more than 70 percent to 1.3 million units Europewide by 2020....
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Russian car sales could fall 36% in 2015, AEB says

July 8, 2015 15:56 CET

New-car sales in Russia are expected to fall 36 percent in 2015, the Association of European Businesses lobby group said, revising downward its previous forecast that the country's full-year volume would decline 25 percent. The more pessimistic outlook follows Russia's 30 percent sales decrease in June....
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Renault cuts global car market forecast on Russia, China, S. America woes

July 7, 2015 16:09 CET

Renault said global industrywide sales will probably increase 1 percent this year -- down from a 2 percent gain predicted earlier -- because of China's slowdown as well as big declines in Latin America and Russia....
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Europe's convertible market poised for rebound

June 10, 2015 06:01 CET

Europe's convertible market will gain sales as aging models from BMW, Audi, Mercedes, Mazda and Mini are replaced, analysts expect....
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German car sales fall 6.7% in May on seasonal effect

June 2, 2015 16:03 CET

German new-car sales fell by 6.7 percent in May in a month that had two fewer business days than the year-earlier month. Adjusted sales rose by almost 4 percent....
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Porsche's wealthy Chinese buyers choose less costly models

June 2, 2015 12:18 CET

Porsche’s wealthy Chinese customers are settling for less expensive models as a government crackdown on graft and conspicuous consumption slows luxury sales....
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UK car output drops 3.8% in April on falling exports to China, Russia

May 28, 2015 11:03 CET

UK car production fell 3.8 percent in April as stronger demand at home failed to outweigh a fall in exports to China and Russia....
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