Post Tagged with: "investment plan"

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CFO says Aston Martin to reach profit since 2016

CFO says Aston Martin to reach profit since 2016

Hanno Kirner, the finance officer of British sports car manufacturer Aston Martin has announced that the automaker is expected to end its loss-making stint and return to a high profitability margin somewhere after 2016. The highly luxurious sports manufacturer, which has a 101-year history behind it, announced that after struggling […]

Volkswagen plans investment in Indonesia

Volkswagen plans investment in Indonesia

In order to strengthen its position in Southeast Asia’s second biggest automotive market, German automaker VW reportedly plans an important investment. According to Industry Minister MS Hidayat the investment concerns the build of a new assembly plant in the region, which would be used by the company to maybe produce […]

Volvo gets $1.2 billion loan from China Development Bank

Volvo gets $1.2 billion loan from China Development Bank

Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more loans to help finance the investment needed to double its sales. As a second step under the loan agreement, […]

VW Expected to Increase Its Investment Target

VW Expected to Increase Its Investment Target

Analysts expect VW to raise its planned investment by 12% to 70 billion euro until 2017. Today VW’s 20-member supervisory board will decide on the automaker’s spending targets for 2013-2017, including investments in new vehicles and plants. Although VW is not affected by the European crisis as much as rivals […]

BMW Will Invest 200 Million Euro in Brazil

BMW Will Invest 200 Million Euro in Brazil

BMW announced it will invest 200 million euro in its Brazilian plant, to increase sales in the fast-growing luxury auto market. The plant will be situated in Santa Catarina and will offer 30,000 units annually once it begins production in 2014. “The investment plan has been aligned with new automobile […]

Slow Demand Makes Pirelli Trim Full-Year Target

Slow Demand Makes Pirelli Trim Full-Year Target

Due to a general slowdown in demand, Pirelli has cut its investment plan and full-year sales target. After the company reported first quarter profit higher than expectations, it now declared that slow demand has forced it to make some changes in the sales target and investment plan. On Tuesday, May […]