Sales

Brembo Q3 net profit increases 51%

Nov. 15, 2014 06:15 CET
Italian brake maker Brembo reported a 51 percent rise in third-quarter net profit, boosted by higher sales and better margins. The supplier now targets sales to grow about 14 percent to 15 percent this year, up from a previous goal of 13 percent....
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Slowing Jaguar Land Rover sales hit Tata's profit

Nov. 14, 2014 16:04 CET
Jaguar Land Rover's slowing sales caused parent Tata's second-quarter profit to fall 7 percent. Net income dipped to 32.9 billion rupees ($533 million) in the quarter ended Sept. 30, the Indian company reported....
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JAMIE LaREAU

Great product isn't the only ingredient for making happy customers

3:48 pm U.S. ET | Nov. 14, 2014
Sure, product is very important, but consider that most vehicles on the market look good and have comparable quality within their segments. So that means purchase decisions and customer happiness ultimately land on nontangibles such as service, salesperson and the deal....
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Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent....
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Volkswagen Group sales rise 3% in October on Europe, China gains

Nov. 14, 2014 11:09 CET
Volkswagen said group sales increased 3 percent in October as strong gains in western Europe and China helped offset declining demand in the U.S. and South America. Ten-month deliveries rose 5 percent to 8.24 million....
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Ford's European sales up 8% on UK, Italy gains

Nov. 13, 2014 15:07 CET
Ford increased European car sales by 8 percent in October, its fifth straight monthly gain, as it benefited from double-digit growth in the UK and Italy. Overall 10-month sales also rose 8 percent....
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Mercedes, Mini top J.D. Power sales satisfaction rankings

1:00 pm U.S. ET | Nov. 13, 2014
Mercedes-Benz ranked highest in sales satisfaction among luxury brands in the J.D. Power 2014 U.S. Sales Satisfaction Index Study released today. For a fifth consecutive year, Mini ranks highest among mass-market brands, with a score of 727....
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Subaru to hit North America sales target ahead of plan

4:49 am U.S. ET | Nov. 13, 2014
The parent of Subaru said it will reach its mid-term sales target in North America at least three years ahead of plan, helped by demand for the Forester crossover and Legacy sedan....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mini 5-door may become best-seller

Nov. 13, 2014 06:01 CET
The Mini five-door variant targets customers who need more space. Available for the first time with the option of a head-up display and adaptive cruise control, Mini says the five-door hatchback could become its best-seller....
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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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Faurecia aims to nearly double sales in China by 2018

Nov. 12, 2014 11:07 CET
Faurecia is targeting sales of more than 4 billion euros ($4.97 billion) in China by 2018, up from the 2.3 billion euro estimated for this year. The supplier says it will invest 400 million euros in the country over the next five years....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Supplier competition intensifies for infotainment software

Nov. 12, 2014 06:01 CET
The battle for the dashboard will intensify as companies fight to supply the brains and technology behind increasingly sophisticated infotainment systems in a western European market that IHS Automotive believes will be worth 3 billion euros by 2020....
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GM drops shift at Michigan Cadillac plant to match car supply, demand

6:30 pm U.S. ET | Nov. 11, 2014
GM is eliminating one production shift at the Michigan plant where the Cadillac ATS and CTS are made, a reflection of new brand chief Johan de Nysschen's vow to fix excess production and high inventories that have plagued Cadillac over the past year....
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GM to cut 160 jobs at small-car plant near Detroit

11:38 am U.S. ET | Nov. 11, 2014
General Motors is laying off 160 workers and trimming production at the assembly plant where it makes the Chevrolet Sonic and Buick Verano amid weaker-than-expected demand for the small cars....
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BMW sees popularity of sports cars waning as customer tastes change

Nov. 11, 2014 12:00 CET
BMW says sports car sales may never reach pre-recession levels again as changing tastes among rich customers in China and other emerging markets hits demand. In Europe and North America, sports car demand has been hit too by growing sales of SUVs and crossovers....
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VW brand sales fall on Latin America, Russia

Nov. 11, 2014 11:23 CET
Volkswagen said sales of its core passenger-car brand slipped 0.4 percent in October to 517,400 vehicles, weighed down by declines in Latin America and Russia....
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BMW Group deliveries rise 11% on China demand

Nov. 11, 2014 11:05 CET
BMW Group vehicle sales increased by 11 percent in October on strong demand from China, which helped 10-month deliveries rise 7 percent to 1.71 million, keeping the automaker on course to reach 2 million sales this year....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Tesla, BMW, Nissan help boost EV sales in Europe

Nov. 11, 2014 06:15 CET
Helped by new entries such as the BMW i3 and Tesla Model S, the market for electric cars in Europe may rise to 150,000 with a "high scenario" of 250,000 by 2020 in a total global market forecast to be 19.3 million, analysts LMC Automotive predicts....
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Sales are up and the mix is rich

12:01 am U.S. ET | Nov. 10, 2014
U.S. light-vehicle sales rose 6 percent in October and the annual selling rate was a solid 16.5 million. But the real story last month - and indeed for most of 2014 - was all the extra cash those unit sales brought in....
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JAMES B. TREECE

Ford's Odell: Sharp, talented and respectful

7:17 am U.S. ET | Nov. 10, 2014
Ford of Europe boss Stephen Odell's focus on respecting the customer will be a good start when he becomes the automaker's global sales and marketing chief....
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JESSE SNYDER

Good times are rolling for pickup makers

12:01 am U.S. ET | Nov. 10, 2014
What a terrific month October was for sales of pickups. Large pickups rose 10 percent, outperforming a strong overall U.S. market. The 10-month numbers for big pickups look pretty good, too. In fact, everyone has something to smile about....
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Shoppers willing to pay smaller certified-used premium, study shows

12:01 am U.S. ET | Nov. 10, 2014
New-car shoppers in AutoTrader.com's 2014 Certified Pre-Owned Study said they are willing to pay a $2,032 premium for a certified used vehicle, vs. one that isn't. That was down $908, or nearly a third, from the amount new-car shoppers in last year's study said they were willing to pay....
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Fleets give October a big boost

12:01 am U.S. ET | Nov. 10, 2014
Fleet volume sharply outpaced retail sales in October, turning what would have been a below-par sales month into an above-average one....
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Rising off-lease volume hits ADESA lanes

12:01 am U.S. ET | Nov. 10, 2014
The number of vehicles sold at ADESA's physical auctions rose 4 percent in the third quarter as a much-anticipated rising volume of off-lease vehicles began to be felt in the remarketing world, said the CEO of the auction company's parent....
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Battle of the brands

6:45 pm U.S. ET | Nov. 7, 2014
How some tight brand races and model matchups are shaping up after 10 months...
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