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....
Read More »

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....
Read More »


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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

Valeo cuts outlook on car production growth as China market slows

Oct. 22, 2015 11:36 CET

Valeo cut its global outlook for automotive production growth in 2015 because higher output in Europe will not be enough to offset lower projections for the Chinese market....
Read More »

Audi CEO Stadler remains bullish on China

Oct. 14, 2015 06:01 CET

Audi CEO Rupert Stadler says China's car sales slowdown is temporary and believes that volumes will start increasing again soon. “We think after period of consolidation we will see permanent growth in China,” he said. “I'm more optimistic than others.”...
Read More »

UK car production forecast cut on sluggish Europe

Oct. 13, 2015 11:25 CET

Automakers will build about 1.8 million cars in 2017 in the UK, less than the 1.95 million originally expected, due to more sluggish growth in Europe, an industry body said....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »


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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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.”...
Read More »

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....
Read More »

Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
Most Read