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China’s electric carmaker BYD wants gasoline-powered cars


Best known as the Warren-Buffet backed company, BYD is a Chinese automaker of electric fame, but it now wants to stage a revival of the traditional gasoline-fueled vehicles. The company’s car sales jumped 25% to more than 250,000 units in the first six months of this year, outpacing China's overall auto market growth rate of 11%. The vast majority of those ...
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Volkswagen’s net profit fell 50 percent in the second quarter
Volkswagen AG, Europe’s largest carmaker said its net profit fell 50 percent in the second quarter compared to the previous year due partly to a difficult European market. However, VW ...
Mitsubishi Motors reports strong profit growth for April – December 2012
Mitsubishi Motors Corporation has posted a net profit up 27 percent for the nine months to December, due to higher sales in Asia and cost cuts. Mitsubishi Motors Corporation (MMC) posted ...
Honda Plans to Increase Global Sales by 15% This Year
Honda plans to increase sales by 15% to 4.40 million units this year, from 3.82 million in 2011. Honda, which is Japan’s third largest automaker, plans to sell 4.40 million vehicles ...
Guangzhou Auto’s 2012 profit down 70-80 percent
Guangzhou Automobile Group, one of China's big state-owned auto companies, announced it expects its 2012 net profit to decline by 70 to 80 percent from a year earlier. “The estimated results ...
Hyundai Profit Down 5.5%, Shares Fall
Hyundai reported a profit drop higher than analysts’ estimations, as the won appreciated more than any other major currency, bringing down the value of overseas sales. Net income during the fourth-quarter ...
Toyota Began Auris Production in Derbyshire, UK
Monday, October 5th, Toyota began production of the Auris at its Derbyshire factory increasing its full-year net profit to £6bn. Toyota has already made an investment of £185 million in its ...
BMW Reaches High Profit Despite Increased Costs
BMW managed to pass through the intensifying price pressure and the high costs for new vehicles, and report a third-quarter profit higher than expected. "We expect further sales volume growth for ...
Nissan Cuts Full-Year Target
Nissan announced it reduced its full-year net profit by a fifth to $3.99 billion due to decreased demand in China. The September violent protests in China almost halved Nissan, Honda and ...
Hyundai Reports Increased Quarterly Net Profit
Hyundai managed to increase its quarterly net profit by 13% reducing overseas capacity and keep sales running. South Korean Hyndai managed to outperform in an industry affected by the European crisis, ...

latest automotive news
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[VIDEO] Porsche 911 GT3 RS races Cayman GT4 in new promo
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It’s official – Mercedes-Benz confirms its first ever pickup truck
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