Russian car sales plunge 39% in October

Nov. 10, 2015 14:17 CET

New-car sales in Russia fell 39 percent in October, increasing the pace of decline during the country's economic slump....
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Magna says factory glitches to hurt profit; Q3 revenue, margins decline

7:29 am U.S. ET | Nov. 5, 2015

Magna International said operational glitches at three of its plants in North America would weigh on its earnings in the current quarter and spill over to the first half of next year....
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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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BLOG: Why TPP gives Japanese automakers an edge

7:42 am U.S. ET | Oct. 7, 2015

Compared with the disgruntled murmuring from Detroit, the reaction of Japanese automakers to this week's historic Trans-Pacific Partnership trade pact was one of elation. And rightly so....
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BLOG: Nissan plays yo-yo purchasing amid yen’s wild ride

10:25 am U.S. ET | Sept. 8, 2015

For years, Japan's carmakers scrambled to buy more parts overseas where their currency had better purchasing power. But now that the yen has done an about-face and is weak again, carmakers are switching to buy more at home -- at lightning speed....
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Russian car-sales decline slows to 19% in August

Sept. 8, 2015 15:15 CET

Russian new-car sales fell for an eighth successive month in August, underscoring the country's deepening slide into economic recession, even as a weakening currency encouraged some consumers to spend....
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VW, Ford open engine plants in Russia amid market plunge

Sept. 4, 2015 11:02 CET

Volkswagen and Ford are sticking with long-planned investments in Russian engine factories even as car sales there head toward a six-year low...
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Automakers in Russia left with nowhere to turn as economic woes deepen

Aug. 18, 2015 11:08 CET

Automakers building cars in Russia such as VW and Ford have been hit as the ruble's steep decline increases the cost of foreign parts they import. Companies are being forced to increase car prices despite the country's economic crisis that leaves consumers with little money for big purchases....
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Mercedes' China surge pushes it past BMW, Audi in July

Aug. 14, 2015 11:55 CET

Mercedes sold more luxury cars worldwide than the Audi and BMW brands in July as its rising deliveries in China defied a market slowdown there. Mercedes' surge left it just 272 units behind Audi after seven months for second place in the global premium-car sales race....
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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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Toyota delays decision to produce Lexus lineup in China

1:24 pm U.S. ET | July 23, 2015

Toyota likely will delay building Lexus models in China for at least a few years as growth in the country's auto market slows to a crawl and a weak yen makes it cheaper to ship cars from Japan....
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A pledge to boost Nissan's Japan production

12:01 am U.S. ET | July 20, 2015

Nissan can manufacture profitably in Japan at any exchange rate when the dollar buys more than 100 yen, but it struggles when the dollar is weaker than that...
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Ghosn pledges to boost Nissan's Japan production

7:20 am U.S. ET | July 16, 2015

Nissan CEO Carlos Ghosn credited the Japanese government for bringing the yen to export-friendly levels and pledged to boost domestic production in the next two years....
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Fiat Chrysler, PSA could be at risk from Greek euro turmoil

July 6, 2015 16:52 CET

Industry watchers say a Greek exit from the euro after the country's no vote to austerity terms could impact southern European markets, along with Fiat Chrysler and PSA/Peugeot-Citroen, the automakers most exposed to those markets....
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GM to take $600 million Q2 charge

12:45 pm U.S. ET | June 25, 2015

General Motors said it will incur a $600 million charge on its second-quarter net profits because of a change in the way it values Venezuelan currency....
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Hyundai, Kia will cut costs as sales, profits decline

June 9, 2015 11:41 CET

Hyundai and Kia will cut costs after first-quarter sales and profit fell at the carmakers. Sales have been hit by weak SUV demand in China and a strong currency, which has helped Japanese rivals gain a competitive edge in overseas markets....
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Schaeffler Q1 profit buoyed by vehicle demand, weak euro

May 21, 2015 11:41 CET

German supplier Schaeffler reported a 3.8 percent rise in quarterly operating profit because of robust demand from carmakers in the U.S. and China as well as the effects of a weaker euro....
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Russian car sales fall 42% to lowest April level for a decade

May 13, 2015 15:17 CET

Russian new-car sales fell 42 percent in April, the lowest level for the month in a decade, as the country's economy continued to be hit by Western sanctions, low oil prices and a weak currency....
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Suzuki 2014 profit fell on weak Asia demand

May 11, 2015 11:15 CET

Suzuki said its annual operating profit fell 4.4 percent, the first time it has fallen in six years, as weak demand in Japan and Southeast Asia offset hefty currency gains and robust earnings in India, its biggest market....
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Magna Q1 earnings rise 18%

11:45 am U.S. ET | May 7, 2015

Diversified Canadian supplier Magna International today reported sharply higher first-quarter earnings while revenues fell because of weaker currency values vs. the US dollar....
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Continental raises forecast after Q1 earnings rise 10%

May 7, 2015 10:41 CET

Continental raised its 2015 sales forecast after posting higher first-quarter earnings that were helped by positive foreign exchange effects and a low oil price. Quarterly earnings rose 10 percent to 1.05 billion euros ($1.19 billion), the supplier said....
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BLOG: German automakers' bonus from weak euro may be hit by U.S. Fed shift

8:54 am U.S. ET | April 30, 2015

German carmakers and suppliers expect currency effects to add hundreds of millions to their bottom lines. But moves by the Federal Reserve to prop up the U.S. economy could strengthen the euro and hurt Daimler, VW and BMW....
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Continental Q1 profit rises 5% on Europe rebound

April 30, 2015 11:39 CET

Continental's first-quarter profit rose 5 percent to about 1 billion euros ($1.11 billion) as auto sales in Europe increased....
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Bosch says weak euro will help sales rise up to 5%

April 29, 2015 11:59 CET

Bosch forecasts that its 2015 sales will rise between 3 percent and 5 percent after a weaker euro bolstered its top line in the first three months....
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Russian new-car sales fall 43% as economy slides

April 8, 2015 15:00 CET

Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western sanctions over Ukraine push the economy into recession....
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GM's Barra: Tapping into ideas from Silicon Valley

GM's Barra: Tapping into ideas from Silicon Valley

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