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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 an ordinary income of 52.4 billion yen, an increase of 81 percent (23.5 billion yen) over the first three quarters of fiscal year 2011. The company also posted a net ...
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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, ...
Ferrari Reported Record Sales in the First Half of the Year
Ferrari reported net profit up 10% in the first half of the year, with record sales and revenues. The automaker’s revenues reached 1,208 million euro, an increase of 11.9%, and the ...
Hyundai Plans to Become World’s No.1 Automaker
Chung Mong-koo, Hyundai Motor Group Chairman, plans to achieve an increase of 15% to 465,000 units sold in Europe this year. Chung Mong-koo has big plans for Hyundai expecting the company ...

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