Currency

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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PSA revenue rises 2% on China, Europe recovery

April 25, 2014 08:39 CET
PSA reported a 2 percent gain in first-quarter revenue as a recovery in its home region and expansion in China boosted deliveries....
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Renault freezes plans for Russian van production on weak ruble

April 24, 2014 13:35 CET
Renault has frozen plans to build vans with Russian truckmaker ZIL due to a weakening of the ruble. The company had planned to build Renault and Fiat vans with ZIL in Moscow....
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Sogefi posts loss on restructuring costs, currency woes

April 24, 2014 11:52 CET
Sogefi reported a net loss of 6.3 million euros for the first quarter after results were hit by restructuring charges and the negative effect of exchange rates....
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Chrysler to take $130 million charge in first quarter due to Venezuela

4:25 pm U.S. ET | April 11, 2014
A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile's Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said today in a filing with federal regulators....
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Ford plans $350 million charge on drop in Venezuelan currency

6:19 pm U.S. ET | April 1, 2014
Ford, which warned in December about volatility in its Venezuelan operations, will take a charge of about $350 million in the first quarter for a change in how it values the South American nation's currency....
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Renault least vulnerable European automaker in Russian turmoil

March 24, 2014 13:52 CET
Russia's leading carmaker, Renault-Nissan-AvtoVAZ, is best placed to withstand the effects of a weakening ruble from the fallout of the country's annexation of Crimea, analysts say....
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Ruble slide offers mixed blessings for Russia's car industry

March 22, 2014 06:01 CET
The damage to consumer confidence in Russia from a plunge in the value of the ruble could be offset for local carmakers as they become more competitive against foreign brands....
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BMW's finance chief sees risks to group's Russia business

March 20, 2014 11:58 CET
BMW CFO Friedrich Eichiner said any worsening of the crisis between Ukraine and Russia would jeopardize the company's outlook....
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