Forecasts

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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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

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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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

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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GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET

General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said....
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Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET

Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015....
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GM delivers record 9.9 million vehicles globally in 2014

8:00 am U.S. ET | Jan. 14, 2015

General Motors posted its second straight year of record global vehicle sales, with deliveries growing 2 percent to 9.9 million units....
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2015 AUTOMOTIVE NEWS WORLD CONGRESS

Analyst forecasts 17 million U.S. sales in 2015, 20 million in 2018

5:27 pm U.S. ET | Jan. 14, 2015

The US auto industry will sell over 17 million vehicles in 2015 and could reach 20 million in 2018, but expect a sharp downturn after that. So predicted John Murphy, lead US auto analyst for Bank of America Merrill Lynch....
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Marchionne sees Fiat Chrysler breaking even in Europe this year

Jan. 13, 2015 17:53 CET

Fiat Chrysler is turning the corner in Europe and may break even in the region ahead of schedule as a focus on premium vehicles for export is starting to pay off, CEO Sergio Marchionne said....
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BMW cautious but still expects record 2015

Jan. 12, 2015 17:00 CET

BMW is targeting a fifth consecutive record in annual deliveries this year as it rolls out new models and demand continues to recover in Europe. But the company remains cautious following a cooling in demand for premium cars in China....
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KBB forecasts 16.9 million in U.S. sales, powered by retail demand

4:25 pm U.S. ET | Jan. 11, 2015

Auto sales will grow in 2015, but the US industry will have to work harder for smaller gains in the sixth year of recovery, analysts from Kelley Blue Book predicted on Sunday....
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GM CEO Barra stands by target to return to profit in Europe in 2016

Jan. 9, 2015 10:23 CET

General Motors stands by its target to return to profit in Europe in 2016, CEO Mary Barra said. Barra's stance contrasts with Ford, which last autumn cut its outlook for Europe due to steeper losses in Russia....
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015

Jan. 8, 2015 13:21 CET

New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but growth will slow this year, according to forecasters LMC Automotive. The region's car sales grew thanks to a strong UK market and rebounds in Germany, Italy and Spain....
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Porsche expects sales to reach 200,000 cars this year

Jan. 8, 2015 12:54 CET

Porsche expects to increase sales to 200,000 cars or more this year, hitting a long-planned target three years early, after posting record deliveries in 2014....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe sales growth forecast to continue, but at slower rate

Jan. 7, 2015 06:01 CET

Carmakers can look forward to another year of sales growth in Europe in 2015, but analysts expect the rate of increase to be 2 percent to 3 percent compared with last year's 5 percent rise....
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Opel CEO warns that 2016 profit target is under threat

Dec. 20, 2014 22:07 CET

Opel CEO Karl-Thomas Neumann has warned top managers that the General Motors unit's 2016 profit target is under threat from economic setbacks, according to a German daily paper....
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Europe car sales will rise up to 4% in 2015, Fitch says

Dec. 2, 2014 09:05 CET

European automakers' credit profiles will be helped by a modest global increase in vehicle sales, including growth in Europe of up to 4 percent next year, Fitch Ratings says....
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Automotive News
Special Video Report
Colo. stores use cameras, computers to build transparency

Colo. stores use cameras, computers to build transparency

Planet Honda's technicians-turned-video directors are with one tap bringing the service bay to customers, while digital files are providing a clear snapshot of a used-car's history at Kuni Lexus of Greenwood...
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