Currency

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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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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