Forecasts

Euro weakness, exports lift southern Europe car output

March 6, 2015 06:01 CET
While southern Europe is experiencing at best a patchy economic recovery, the outlook for the region's carmakers is a little less bumpy thanks to the weak euro, cheaper oil and labor reforms. Fiat, Ford and GM have boosted output in Spain and Italy....
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Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET
Europe's carmakers are benefiting from robust demand for passenger cars in most of the region although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Opel CEO Karl-Thomas Neumann and VW boss Martin Winterkorn said....
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VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET
VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros....
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PSA reports first profit in 3 years after cutting costs

Feb. 18, 2015 08:53 CET
PSA took a step toward its recovery goals, raising its key cash-flow objective after strong China sales and a recovering Europe helped the automaker post its first annual operating profit in three years....
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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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