Forecasts

Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Infiniti CEO calls Q30 a 'game changer' for brand; eyes adding a plug-in hybrid

Feb. 9, 2016 06:01 CET

Infiniti is bullish about its future in Europe. With Q30 production underway in England and output of the QX30 due to join it later this year, 2016 will be a breakout year for Nissan's premium brand, Infiniti CEO Roland Krueger told Automotive News Europe....
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THE VW EMISSIONS SCANDAL

VW delays 2015 earnings report until April due to diesel scandal

Feb. 7, 2016 13:52 CET

Volkswagen said it will publish its annual results as soon as April and may hold its annual shareholders' meeting in early June, four to six weeks later than scheduled as the company determines the financial fallout from the diesel emissions scandal....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford of Europe boss outlines plan to be a consistent profit maker

Feb. 2, 2016 06:01 CET

Ford of Europe President Jim Farley wants the division to be a consistent profit contributor to its U.S. parent. To do that, Farley wants the automaker to be selective on the segments where it competes, as he explained to Automotive News Europe....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Opel CEO on reaching breakeven in 2016: 'We can see the target now'

Feb. 2, 2016 06:01 CET

Karl-Thomas Neumann says Opel has beaten all internal targets since he arrived four years ago as CEO and this year the automaker expects to break even after more than a decade of losses. Neumann spoke with Automotive News Europe about the challenges that need to be overcome to reach this point....
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European sales growth will slow this year, say Daimler, Ford, Volvo CEOs

Jan. 16, 2016 06:01 CET

European automotive executives expect the region's car sales to grow for a third straight year in 2016, but they say the overall volume will continue to trail the record high of more than 16 million reached in 2007....
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Western automakers hit hard as Russia car sales fell 36% in 2015

Jan. 14, 2016 12:36 CET

Russia's car sales plunged by 36 percent in 2015 in a disastrous year for Western automakers with operations in the country. The pace of the market's decline is set to slow this year, industry insiders said....
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Fiat Chrysler 2015 performance 'at top end' of guidance, Marchionne says

Jan. 11, 2016 17:38 CET

Fiat Chrysler's performance last year came in at the top end of the company's own forecasts, CEO Sergio Marchionne said. "The year has gone well, above expectations," Marchionne told reporters on the sidelines of the Detroit auto show....
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Continental expects slower growth this year after 14% revenue rise in 2015

Jan. 11, 2016 13:14 CET

Continental expects a sales revenue increase of about 5 percent this year after a 14 percent jump in 2015....
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GM Europe aims for profit this year after 2015 loss, CEO Neumann says

Jan. 9, 2016 13:12 CET

GM Europe was still loss-making in 2015 but hopes to return to profit this year, the division's CEO, Karl-Thomas Neumann, told a German magazine....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Compact SUVs on track to top 2 million sales in Europe by 2020

Jan. 7, 2016 06:01 CET

European demand for compact SUVs such as the Nissan Qashqai and VW Tiguan will continue to grow strongly in the midterm as new and updated models are added to the sector....
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PSA posts flat Peugeot, Citroen China sales in 2015

Jan. 5, 2016 13:51 CET

PSA delivered 704,818 Peugeot and Citroen branded vehicles in China in 2015, virtually unchanged from 704,016 in 2014 as the Chinese car market continued to cool in the second and third quarters. PSA, along with partner Dongfeng, aims to increase sales 7.6 percent this year....
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Hyundai, Kia forecast slowest sales growth in 10 years

Jan. 4, 2016 11:04 CET

Hyundai and sibling brand Kia forecast their weakest sales growth in ten years for 2016 as a slump in China and a stronger won cuts profits. The automakers missed their sales target set for 2015....
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LUCA CIFERRI

BLOG: Get ready for the unexpected in 2016

12:15 am U.S. ET | Jan. 4, 2016

If we have learned anything about the automotive industry in the past few years, it is to expect the unexpected. What will be the big surprises of 2016? Here are few crazy things that just might happen....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW Golf challenged by new Opel Astra, Renault Megane in Europe's compact segment

Dec. 11, 2015 06:01 CET

The new Opel Astra will move into second place in Europe's volume compact segment next year and take sales from the top-selling VW Golf, analysts believe. Renault will also get a boost from the new Megane....
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Toyota lowers global sales target for new Prius

Dec. 9, 2015 11:04 CET

Toyota has cut its global sales target for the new Prius as falling fuel prices reduce demand for fuel-efficient cars in key markets such as the U.S....
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Ford mulls expanding Russian exports to eastern Europe

Dec. 8, 2015 11:01 CET

Ford may export cars from Russia to eastern Europe to offset the Russian market's deep slump caused by the country's economic crisis. The automaker can produce as many as 350,000 cars a year in Russia and has considerable potential to ramp up exports....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Kia Europe COO outlines plan to lift sales to 500,000

Dec. 7, 2015 06:15 CET

Kia Europe's chief operating officer, Michael Cole, explained to Automotive News Europe what the automaker is doing to move away from its budget image and what it needs to do to reach 500,000 sales annually by the end of the decade from about 354,000 last year....
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Industry execs see era of slower sales growth in China

Nov. 22, 2015 23:34 CET

Executives gathered last week at the Guangzhou auto show were unanimous in their view that the days of exponential growth are over, underscoring how a sharp economic slowdown has tempered expectations in the world's largest car market....
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U.S. sales will peak in 2016 as pent-up demand begins to ease, predicts NADA chief economist

4:00 pm U.S. ET | Nov. 17, 2015

Pent-up demand for new vehicles in the U.S., having propelled sales upward each year starting in 2010, will begin to ease over the next few years, the chief economist of the National Automobile Dealers Association said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Jaguar XE and Alfa Romeo Giulia face tough battle against German rivals

Nov. 12, 2015 06:01 CET

The Jaguar XE and Alfa Romeo Giulia will find it tough to win market share from German rivals in Europe's premium midsize class as competition from SUVs slowly shrinks one of Europe's core high-end segments....
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Subaru maker boosts profit 41% on higher N.A. sales, weak yen

2:30 am U.S. ET | Nov. 5, 2015

Fuji Heavy, the maker of Subaru vehicles, reported a 41 percent surge in operating profit in the latest quarter, helped by higher sales in North America and advantageous exchange rates....
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Honda profit hit by quality-related expenses

Nov. 4, 2015 11:17 CET

Honda's quarterly profit missed estimates on quality-related expenses and as demand slumped in Japan. Net income rose 6.9 percent to $1.06 billion in the quarter through September, the company said....
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Suzuki lifts annual profit outlook on strong India, VW stake sale

Nov. 4, 2015 11:38 CET

Suzuki says it has lifted its annual net profit forecast by 14 percent, citing better-than-expected earnings in India and the sale of its stake in Volkswagen Group....
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PSA boosts third-quarter revenue as Europe upturn offsets China slowdown

Oct. 26, 2015 12:11 CET

PSA/Peugeot-Citroen posted a 3.2 percent increase in third-quarter revenue as recovering European demand shielded the carmaker from the worst of a slowdown in China sales....
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