Currency

Fiat Chrysler exports from Brazil to Mexico after more than 3 years

Dec. 15, 2014 21:36 CET

Fiat Chrysler has resumed exports from Brazil to Mexico after a more than three-year hiatus due to weak Brazilian demand and a more favorable exchange rate, Cledorvino Belini, chief executive officer in Latin America, said....
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VW will stop selling Seat cars in Russia next year

Nov. 18, 2014 15:36 CET

Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble....
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Weak ruble, gov't subsidy slow Russia's sales decline

Nov. 12, 2014 15:14 CET

Russian car sales fell 10 percent last month, slowing from a 20 percent drop a month earlier, as the weak ruble and a government subsidy started to provide benefits....
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Hyundai's third-quarter profit falls 29% on firmer currency, sluggish sales

Oct. 23, 2014 11:15 CET

Hyundai posted a 29 percent decline in third-quarter net profit, the steepest drop in at least six quarters. The automaker was hit by slowing sales growth and a stronger local currency but expects earnings to bounce back in the fourth quarter....
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GKN confident as auto-unit growth offsets currency hit

July 29, 2014 13:50 CET

GKN says it is confident regarding the rest of 2014 after first-half profit at its car parts supply division rose 6 percent, helping to offset the effects of a currency hit....
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Hyundai's Q2 profit falls 7% on currency strength, weak global demand

July 24, 2014 11:34 CET

Hyundai's second-quarter profit fell 7 percent as a strong won, weakening global sales and incentives in the U.S. took their toll on earnings. To combat a strong currency, the automaker will now consider adding production overseas....
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Hyundai Q2 profit dips 7% on strengthening currency

6:33 am U.S. ET | July 24, 2014

Hyundai's net profit fell the most in five quarters, hit by the local currency's strength, and said it may make more vehicles overseas as it braces for a tough second half with the won still strong....
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Sogefi reports first-half loss on restructuring costs, Brazil downturn

July 22, 2014 15:29 CET

Italian supplier Sogefi reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market....
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Ford expects 'significant' Q2 loss in South America

3:24 pm U.S. ET | June 5, 2014

Ford expects to incur a "significant" loss in South America in the current quarter mainly due to low sales volumes and changes to Venezuela's foreign exchange rate....
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Nissan earnings boosted by North America gains

5:34 am U.S. ET | May 12, 2014

Net income at Nissan rose 5 percent in the January-March quarter, as higher sales and surging North American operating profit fueled earnings....
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Toyota's yen windfalls are drying up

12:01 am U.S. ET | May 12, 2014

For years, Toyota Motor Corp. lost money as the Japanese yen climbed higher against the dollar and other currencies. It responded by off-shoring production and positioning its U.S. operations as an export base immune from the yen's swings. But now that the yen is on the wane again, Toyota is learning the hard way that yen hedging cuts both ways....
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Ford suspends vehicle output in Venezuela

8:56 pm U.S. ET | May 5, 2014

CARACAS (Reuters) -- Ford Motor Co. was forced to halt vehicle assembly operations in Venezuela on Monday due to a lack of foreign currency to import parts for assembly, workers at its plant said.
...
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