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Automobiles News

Volkswagen Q1 operating profit beats estimates

Wednesday, 27 April 2011 at 13:06, Reuters, Frankfurt

Volkswagen, Europe's largest carmaker, posted first-quarter operating profit that beat expectations and continues to forecast higher full year revenue and earnings on growing demand from emerging mark

Ford posts stronger-than-expected Q1 profit

Tuesday, 26 April 2011 at 15:35, Reuters, Detroit

Ford Motor Co reported its best first-quarter profit in 13 years, driven by strong sales in its home market and demand for more fuel efficient vehicles.

Nissan to set May output level higher than planned

Tuesday, 26 April 2011 at 10:49, Bloomberg

Nissan Motor Co May production will be set at a higher level than previously planned to recover output from delays in April, the automaker said in an e-mailed statement today.

Kia Motors rises on speculation earnings to beat estimates

Tuesday, 26 April 2011 at 10:49, Bloomberg

Kia Motors Corp rose in Seoul trading on speculation first-quarter profit will top consensus estimates and its US market share will rise in the current quarter, said Kim Doo Hyun, an analyst at Kiwoom

Changan Auto Q1 net down 9.3pct on weak minivan sales

Tuesday, 26 April 2011 at 10:07, Reuters, Shanghai

Major Chinese auto group Chongqing Changan Automobile reported a 9.3 per cent fall in its first quarter earnings on Tuesday due to weak minivan sales.

Nissan recalls 196,000 SUVs on corrosion risk

Monday, 25 April 2011 at 17:28, Reuters, Detroit

Nissan Motor Co Ltd recalled nearly 196,000 older-model Pathfinder and Infiniti QX4 SUVs due to the chance that road salt and water could collect to cause a loss of steering, US safety regulators said

India's Maruti Suzuki Q4 net up 0.5pct, beats estimates

Monday, 25 April 2011 at 13:21, Reuters, Mumbai

Maruti Suzuki , India's top car maker, on Monday reported a 0.5 per cent rise in quarterly net profit, beating estimates.

Honda: Japan output to return to normal by year-end

Monday, 25 April 2011 at 11:13, Reuters, Tokyo

Honda Motor Co said on Monday that its production in Japan would return to normal levels within this year, adding that its domestic output until the end of June would be at 50 per cent of its original

Toyota cuts production at Vietnam unit

Monday, 25 April 2011 at 09:46, Bloomberg

Toyota Motor Corp. will cut production at its Vietnam unit to 30 per cent of capacity from today due to a shortage of parts caused by the earthquake and tsunami in Japan.

Fiat to pay $1.27b for 16pct of Chrysler

Thursday, 21 April 2011 at 11:54, Reuters, Milan

Italian automaker Fiat SpA has agreed to pay $1.27 billion euros for another 16 percent stake in US peer Chrysler this quarter, the Italian automaker said on Thursday, in a deal that was faster and ch


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