Forecasts

Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired....
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NADA sees 2015 U.S. sales nearing 17 million vehicles

12:45 pm U.S. ET | Nov. 17, 2014
Continued economic improvement, low interest rates and cheap gasoline will help new-vehicle sales rise more than 3 percent to nearly 17 million units next year, the most since 2005, according to forecasts from the National Automobile Dealers Association....
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Faurecia aims to nearly double sales in China by 2018

Nov. 12, 2014 11:07 CET
Faurecia is targeting sales of more than 4 billion euros ($4.97 billion) in China by 2018, up from the 2.3 billion euro estimated for this year. The supplier says it will invest 400 million euros in the country over the next five years....
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China's auto market growth may halve to 7% this year

Oct. 31, 2014 06:15 CET
Growth in China's auto market is forecast to halve to 7 percent this year, an industry body said, citing a slowing economy which weakened further in the third quarter....
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Fiat Chrysler's growth plans clouded by Brazilian outlook

Oct. 29, 2014 11:52 CET
Fiat Chrysler aims to boost sales in Latin America by 44 percent over five years but a recent big drop in volume and weakening outlook in Brazil, the region's biggest economy, threaten to spoil its ambitions....
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Car dealer Lookers to beat expectations

Oct. 29, 2014 10:55 CET
Britain's fourth-largest car dealer group, Lookers, forecast better-than-expected 2014 results on Wednesday after seeing strong new car sales. Lookers said retail new car sales rose 12 percent in the first nine months of the year....
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UK car production set for record in 2014

Oct. 24, 2014 10:47 CET
UK car production is still on track to reach its highest level in six years despite lower output in September. New Jaguar, Mini and Honda models will help boost production....
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GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET
UK supplier GKN said it was on track for growth in 2014 after posting third-quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit....
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Chinese auto market growth will slow to 5% this year, group says

Oct. 21, 2014 11:34 CET
China's vehicle sales will likely rise just 5 percent in 2014 to 23 million, according to the country's main auto association, which revised its growth forecast downward for the second time this year....
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Daimler lifted by jump in third-quarter earnings at Mercedes

Oct. 14, 2014 11:21 CET
Daimler reported a 29 percent jump in quarterly core earnings at Mercedes-Benz Cars, surprising investors wary of an economic slowdown....
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Bentley eyes record sales on Continental GT demand

Oct. 13, 2014 11:15 CET
Bentley expects another record year for vehicle sales in 2014 as demand for its Continental GT models helps to spur global growth....
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NADA economist doubts sales over 17 million will last

1:09 pm U.S. ET | Oct. 10, 2014
New light-vehicle sales will top 16 million units annually in the United States at least until 2018 but won't reach the heights some forecasters -- and automakers -- are anticipating, predicted Steven Szakaly, chief economist of the National Automobile Dealers Association....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Renault's radical new Twingo could become segment leader

Oct. 10, 2014 06:01 CET
Renault's new Twingo is radically different than the two previous generations of the minicar with a rear-mounted engine, rear-wheel drive and five doors. These features could help it pass the Fiat 500 to lead Europe's hotly contested minicar segment....
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Marchionne foresees mergers creating new top carmaker

Oct. 8, 2014 12:02 CET
Fiat Chrysler CEO Sergio Marchionne sees potential to form a new No. 1 in the auto industry as carmakers grapple with low returns on the increasing amount of money needed to develop new cars....
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Maserati sees global sales topping 35,000 this year

Oct. 3, 2014 14:38 CET
Maserati expects to increase global sales to 35,000 this year from 15,400 in 2013, putting the sports car maker on course to meet a goal of selling 50,000 units in 2015, CEO Harald Wester said....
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Ford sees Europe growth but no profit until after 2015

Oct. 2, 2014 15:27 CET
Ford is forecasting sales growth in Europe next year as demand for new models helps narrow its losses in the region, but it has pushed back its profit forecast from next year until after 2015 as a slump in Russia continues to hit sales....
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Toyota keeps European sales target despite Russian market slump

Oct. 2, 2014 14:42 CET
Toyota expects its focus on high-end vehicles in Russia will help it ride out the worst effects of the market slump in the country. The automaker says it is sticking to its target of increasing European sales to a million vehicles next year....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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