Forecasts

Haldex first-quarter profit rises 37%

April 24, 2015 11:10 CET

Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year....
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Audi sees compact cars driving sales in China

April 22, 2015 11:52 CET

Audi sees compact cars increasingly becoming the main driver of sales in China as the country's booming middle class looks for more affordable luxury....
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Crossovers to boost awd suppliers for rest of the decade

April 15, 2015 06:15 CET

Booming demand for SUVs and crossovers in Europe and China will keep benefiting suppliers of all-wheel-drive technology such as GKN Driveline, BorgWarner and JTEKT for the rest of the decade....
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Renault Kadjar, VW Tiguan will help drive compact SUV sales past 2 million

April 14, 2015 06:15 CET

Rivalry in Europe's compact SUV/crossover segment will intensify as more brands compete with refreshed models or all-new entries such as the Renault Kadjar. By 2020 sales in the segment are forecast to double to more than 2 million....
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Opel CEO affirms goal of posting Europe profit in 2016

April 9, 2015 17:05 CET

Opel CEO Karl-Thomas Neumann affirmed that the European arm of General Motors will return to profit in 2016, as continued growth in southern and central Europe would help offset a slump in Russia sales....
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Opel CEO affirms goal of posting a profit in Europe in 2016

11:05 am U.S. ET | April 9, 2015

Opel CEO Karl-Thomas Neumann affirmed that the European arm of General Motors will return to profit in 2016, as continued growth in southern or central Europe would help offset a slump in Russia sales....
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Bold moves, positive results highlight Tavares' 1st year as PSA boss

April 6, 2015 06:15 CET

PSA CEO Carlos Tavares has succeeded in putting the automaker back on track a year after its 3 billion euro bailout. He has returned PSA to France’s benchmark CAC-40 stock index and implemented cost cuts that helped the automobile division record its first operating profit in three years in 2014....
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NADA expects interest rates to hold through summer, boosting sales

7:21 am U.S. ET | March 31, 2015

The National Automobile Dealers Association predicts the Federal Reserve will hold off on raising interest rates through the summer, giving vehicle sales a boost that can offset slow economic growth in the start of the year....
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Spain's Gestamp surged when main rivals slumped

March 18, 2015 06:01 CET

Spanish supplier Gestamp will continue along the growth path it started down when the auto industry was hit by the last financial crisis when it went on an expansion spree that boosted its operations in markets as far apart as Germany and China....
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Euro weakness, exports lift southern Europe car output

March 6, 2015 06:01 CET

While southern Europe is experiencing at best a patchy economic recovery, the outlook for the region's carmakers is a little less bumpy thanks to the weak euro, cheaper oil and labor reforms. Fiat, Ford and GM have boosted output in Spain and Italy....
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Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET

Europe's carmakers are benefiting from robust demand for passenger cars in most of the region although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Opel CEO Karl-Thomas Neumann and VW boss Martin Winterkorn said....
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VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET

VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros....
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PSA reports first profit in 3 years after cutting costs

Feb. 18, 2015 08:53 CET

PSA took a step toward its recovery goals, raising its key cash-flow objective after strong China sales and a recovering Europe helped the automaker post its first annual operating profit in three years....
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Renault pledges 2015 profit gain on product offensive

Feb. 12, 2015 08:28 CET

Renault is targeting further sales and earnings improvement this year after strong European deliveries of its low-cost Dacia cars and small SUVs helped to more than tripled full-year profit....
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Faurecia predicts 2015 profit boost on weak euro

Feb. 12, 2015 09:57 CET

Faurecia said a lower euro and cheaper raw materials would lift profit in 2015 as it posted solid second-half earnings growth. Net income rose to 78 million euros ($88 million) in the half, a 47 percent gain....
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Premium compact SUV sales forecast to top 500,000

Feb. 10, 2015 06:01 CET

Sales of compact premium SUVs in Europe are poised to top half a million for the first time this year because of new model launches from brands such as BMW, Land Rover and Mercedes-Benz. The segment has expanded significantly since 2010, when about 270,000 units were sold....
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Cooper-Standard plans to close factories in Europe in cost-cutting move

Feb. 10, 2015 06:01 CET

U.S. supplier Cooper-Standard Automotive plans to shutter factories and cut jobs in Germany and France as it restructures its European operations.The company, which has 12 factories in western Europe, declined to name which factories will be closed or downsized....
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Nissan operating profit nearly doubles on U.S. sales surge, weak yen

4:04 am U.S. ET | Feb. 9, 2015

Nissan's operating profit nearly doubled in its latest financial quarter, fueled by a favorable exchange rate and robust sales in North America....
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Bentley sees slowdown on economic uncertainties

Feb. 5, 2015 18:11 CET

Bentley's vehicle sales this year likely will be lower than last year, said Kevin Rose, the brand's sales and marketing chief, as economic uncertainties and the slump in oil prices leave consumers more cautious about luxury purchases....
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Daimler's Q4 profit rises 10% on Mercedes boost

Feb. 5, 2015 08:55 CET

Daimler's fourth-quarter operating profit increased 10 percent as new model launches helped the carmaker to raise sales and profit margins at Mercedes. Profit climbed to 2.82 billion euros ($3.2 billion), Daimler said....
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Western European sales up 7% in Jan. as southern markets rebound

Feb. 4, 2015 18:50 CET

The car sales recovery in Western Europe gathered pace in January with a 7 percent gain as southern markets continued to bounce back. Industry association ACEA said European car sales are likely to rise by 2 percent this year, boosted by pent-up demand....
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Toyota's quarterly operating profit rises 27% on U.S. sales gains

3:30 am U.S. ET | Feb. 4, 2015

Booming North America powered Toyota to a 27 percent operating profit increase in the October-December quarter even as sales shrank in every other major market. The region was Toyota's only bright spot as the company cut its sales outlooks for Japan, Europe and Asia....
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Subaru parent earnings lifted by U.S. growth

2:24 am U.S. ET | Feb. 4, 2015

The maker of Subaru vehicles reported a 50 percent surge in quarterly operating profit as booming U.S. vehicle sales and advantageous exchange rates lifted earnings. Operating income climbed to 124.5 billion yen ($1.04 billion) in the fiscal third quarter ended Dec. 31, Fuji Heavy Industries said today....
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Positive signs seen for 2015 after Europe ends slump

Feb. 2, 2015 06:01 CET

Industry watchers see European sales rising slightly this year as automakers including Ford and Fiat make positive moves such as increasing production and adding staff. The region's slump ended in 2014 as more than 80 percent of the brands competing in Europe reported increases in vehicle sales....
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Audi could hit 2 million sales goal ahead of 2020

Jan. 30, 2015 15:43 CET

Audi could reach its goal of 2 million sales a year before its 2020 target, helped by models such as the A4, the flagship Q7 SUV and the R8 sports car, CEO Rupert Stadler said....
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