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- Magna says Q1 profits rise 44% to $322 million
Canadian supplier Magna International Inc. today reported a better-than-expected 44 percent jump in Q1 profit. Magna, the world's No. 3 auto parts maker, attributed its gains to a big increase in vehicle production in North America and Europe.
Переслать - BMW posts record Q1 profits, led by 5 series, X3
BMW reported record first-quarter profits that beat analysts' estimates on surging demand for the revamped 5-series sedan and overhauled X3 sport-utility vehicle. China's growing economy and a rebound in spending in the U.S.Переслать - TRW Q1 profits rise 37% to $281 million
Auto safety technology provider TRW Automotive Holdings Corp. today posted a profit that beat market expectations due to strong automotive production and raised its full-year sales outlook.Переслать - Automakers reduce U.S. incentives to five-year low
Automakers reduced spending on discounts and incentives for U.S. customers in April by 14 percent to an average $2,320 per vehicle, the lowest in more than five years, as sales climbed. Ford Motor Co.Переслать - GM may post $1.74 billion in Q1 profits -- best in 11 years
GM may report $1.74 billion in net income for the three months ended in March as rising sales in the U.S. and China helped the company to its best first quarter since 2000. Earnings probably rose 63 percent from $1.Переслать - Marchionne wins Fiat worker concessions in Italy
Fiat CEO Sergio Marchionne won concessions from workers in exchange for a 500 million-euro ($739 million) investment to build Maserati models at a former Bertone plant in Grugliasco, Italy.Переслать - Saab plans global tour to tout new Chinese partners
Saab Automobile AB plans a global public relations blitz to introduce its new Chinese partners and its likely new investor, Vladimir Antonov from Russia. The plan will include Saab Chairman Victor Muller and will target major media and auto shows.Переслать - GM sales gain from shift to smaller vehicles
A shift toward smaller vehicles is helping General Motors increase sales, in a stark departure from its gas-guzzling past.Переслать - Chrysler's robust sales still shy of company goals
Chrysler Group sales increased 23 percent in April to 95,703 units -- the company's best April since 2008. Chrysler said its retail sales were up 37 percent in April. Moreover, Chrysler's April increase bested the industry's 18 percent gain.Переслать - Toyota warns of summer sales slowdown
Toyota executives expect U.S. sales to trail 2010 levels in the coming months as earthquake-related production cuts take a toll on the automaker's vehicle supplies.Переслать
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