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Browse fourth quarter articles

Kia’s fourth-quarter profit takes 54% dive on currency headwinds


South Korean automaker Kia saw its fourth quarter net profit tumble 54 percent because the company was dearly hit by the Russian rouble plunge – with the market being one of the most important for the carmaker. In Russia, where political and economical turmoil led to a huge depreciation of the local currency, Kia ranks second after domestic brand Lada. Because ...
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More fourth quarter articles

Hyundai sees fourth quarter profit sliding 19%
South Korea's largest automaker, Hyundai Motor, has missed analyst estimates after it reported its fourth consecutive quarterly profit drop, weighed down by the dreary economic situation in Russia and by ...
Volkswagen AG sees profit up 18% in fourth quarter
The biggest European automaker, the VW Group has announced very good fourth quarter results, in which its spending for developing new models and production expansion has been more than balanced ...
Tesla sees good quarter sales, stock surges again
The electric carmaker rose the most in six weeks in New York trading after saying it delivered 6,900 Model S sedans in the fourth quarter, pushing full-year sales beyond the ...
PSA’s CFO predicts fourth-quarter market share gains
The French automaker, Europe’s second-biggest carmaker, after the VW Group, forecast a fourth-quarter market share increase on the continent because of increased demand for its new models. Peugeot, which saw a ...
Garmin forecasts sales of its navigation devices will fall by 20 percent in 2013
Garmin said it expects to sell fewer GPS navigation devices in 2013, with the company also forecasting full-year results below analysts' estimates. The announcement sent its shares down 12 percent to ...
GM Reports Fourth Quarter Profit Up 89%
GM reported fourth quarter profit up 89%, which would have been even higher hasn’t it been for the $700 million losses in Europe. During the fourth quarter GM earned a net ...
German Economy Dropped More than Predicted During Fourth Quarter
During the fourth quarter economy in Germany dropped lower than analysts’ forecast, as exports declined. During the fourth quarter, gross domestic product dropped 0.6% from the third quarter, when it saw ...
BMW X1 M35i xDrive going to the United States
The German based automaker BMW is planning to unveil the X1 M35i xDrive on the North American market later this year. Even if there is no official word from BMW on ...
Q3 imports in China exceeded 700,000 vehicles
According to Sinotrust, a China Automobile Trading and market solution company, during the third quarter of 2011 China imported approximately 712,000 vehicle, with 26.6% more than last year. Also, 612,000 ...

latest automotive news
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