Volvo aims for 1 million car sales, chairman tells paper

April 1, 2014 09:16 CET
Volvo targets annual sales of more than 1 million vehicles in the long term, chairman Li Shufu told a Swedish newspaper....
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McLaren expects big profit rise on P1 supercar sales

April 1, 2014 12:14 CET
McLaren Automotive expects pre-tax profit to rise fourfold this year on deliveries of its $1 million P1 supercar....
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BMW targets significant profit gain lifted by new models

March 19, 2014 12:43 CET
BMW Group forecasts ''significant'' gains in 2014 profit as new models like the 4-series Gran Coupe and i8 plug-in hybrid sports car propel record deliveries....
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Bentley forecasts reversal of China slump on new Flying Spur

March 18, 2014 11:17 CET
Bentley expects to reverse last year's 3 percent decline in China deliveries after introducing a new V-8 variation of its all-new Flying Spur sedan next month....
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Porsche predicts stable 2014 earnings

March 14, 2014 13:04 CET
Porsche predicts stable earnings in 2014 as the sports car maker invests in U.S. and Chinese operations with a focus on adding distribution outlets in emerging markets....
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BMW aims to sell a record 2 million cars this year

March 14, 2014 11:57 CET
BMW Group aims to sell a record 2 million cars or more this year, up from 1.96 million in 2013, as the automaker benefits from record deliveries in China and the U.S....
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BMW Group posts Q4 profit gain on 3-series demand

March 13, 2014 13:29 CET
BMW Group reported a surprise 4 percent gain in fourth-quarter profit because of strong demand for the 3 series. CEO Norbert Reithofer forecasts a new all-time high for vehicle sales in 2014....
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Western European 2014 sales forecast revised upwards

March 11, 2014 06:01 CET
Six consecutive months of year-on-year growth in western European car sales has some market watchers revising their sales forecasts upwards....
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UK's GKN sees more growth this year, warns of dollar impact

Feb. 26, 2014 13:22 CET
UK supplier GKN says profits rose 17 percent last year on strong demand for car parts. The company now sees its auto business outpacing an anticipated 3 percent expansion in the market this year....
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Nissan expects better profitability in 2014, Ghosn says

10:19 am U.S. ET | Feb. 21, 2014
Nissan CEO Carlos Ghosn forecast profitability at Japan's second-largest carmaker will improve in 2014 after the company missed out on the yen-led earnings boon at the nation's exporters....
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Renault CEO Ghosn postpones profit goal again

Feb. 13, 2014 16:05 CET
Renault CEO Carlos Ghosn's latest revenue and profit targets for the automaker have sparked mixed reaction from analysts, some saying the company was playing it safe while others were more skeptical....
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Renault 2013 profit advances 59% on gains for Dacia brand

Feb. 13, 2014 08:04 CET
Renault said full-year earnings rose 59 percent as low-cost cars from the company's Dacia division pushed delivery growth and the automaker reduced costs....
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Porsche CEO sees sales exceeding 200,000 in 2015 on Macan demand

6:39 am U.S. ET | Feb. 11, 2014
Porsche expects annual global sales will exceed 200,000 in 2015 on demand for the Macan compact SUV, three years earlier than first planned....
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Porsche CEO sees sales exceeding 200,000 in 2015 on Macan demand

Feb. 11, 2014 12:39 CET
Porsche expects annual global sales will exceed 200,000 in 2015 on demand for the Macan compact SUV, three years earlier than first planned....
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Russian car sales fall 6% in January amid weak economy

Feb. 10, 2014 15:41 CET
Russian vehicle sales got off to a poor start in 2014, falling 6 percent in January. Full-year deliveries may decline 2 percent, delaying the country's bid to pass Germany as Europe's No. 1 market....
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Daimler profit gains 45% on higher CLA, S-class demand

Feb. 6, 2014 06:01 CET
Daimler posted a 45 percent surge in fourth-quarter profit as customers scooped up the new Mercedes CLA and revamped S-class sedan....
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Mercedes sales boss Kaellenius sees great years ahead

Feb. 5, 2014 06:15 CET
Mercedes is counting on Ola Kaellenius, its new sales boss and former CEO of its high-performance AMG subbrand, to help it become the No. 1 premium automaker by 2020....
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Daimler expected to post Q4 earnings surge on new product tailwind

Feb. 5, 2014 17:22 CET
Daimler is expected to post a surge in fourth-quarter profit on Thursday as its rejuvenated Mercedes-Benz model range helps CEO Dieter Zetsche to turn around a legacy of profit warnings....
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Honda quarterly profit more than doubles to $1.56 billion

Jan. 31, 2014 10:33 CET
Honda said its October-December net profit more than doubled to $1.56 billion, back to pre-Lehman crisis levels, helped by strong sales of the redesigned Fit subcompact....
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Johnson Matthey reports 16% quarterly profit, names new CEO

Jan. 30, 2014 13:17 CET
Johnson Matthey, a UK manufacturer of catalytic converters for cars, reported a 16 percent rise in third-quarter profit thanks to tighter vehicle emissions rules in Europe....
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Toyota supplier Tsubakimoto expects China sales to double in 4 years

6:13 am U.S. ET | Jan. 29, 2014
Tsubakimoto Chain, a Toyota supplier, forecasts China auto parts sales to more than double in four years as carmakers including GM and Volkswagen raise orders to diversify supply chains....
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Despite rosy sales forecast, sharp dealers plan ahead

7:36 pm U.S. ET | Jan. 24, 2014
My colleagues who were here five years ago tell me it was grim. Nothing like the prospect of GM and Chrysler dying to suck the air out of a learn-fest like the NADA convention. So it struck me to read that the association's new chief economist, Steven Szakaly, is predicting three more years of rising U.S. sales - on top of the four we've seen since 2009....
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Why conquest sales will be tough this year

5:57 pm U.S. ET | Jan. 24, 2014
Conquesting customers will be a little tougher this year even though industry sales will rise, a senior industry analyst for JD Power and Associates predicted....
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Manheim: Used-car prices will stay healthy

12:01 am U.S. ET | Jan. 24, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, said. Webb said the market fundamentals that kept used-car prices relatively high last year -- such as employment growth, readily available retail financing and strong retail used-car demand -- are expected to remain mostly unchanged in 2014....
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NADA predicts 3 years above 16 million

12:01 am U.S. ET | Jan. 20, 2014
The economic signs indicate a strong sales year for the auto industry in 2014. And look for the recovery to continue for three years, says Steven Szakaly, the National Automobile Dealers Association's chief economist....
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