Post Tagged with: "net profit"

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Honda Plans to Increase Global Sales by 15% This Year

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 globally and 750,000 vehicles in China this year, up from 604,000 vehicles sold last year, according to Executive Vice […]

Guangzhou Auto’s 2012 profit down 70-80 percent

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 have not been audited by any certified accountants,” reads the statement cited by Reuters, adding that the figures represent […]

Hyundai Profit Down 5.5%, Shares Fall

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 fell 5.5% to 1.89 trillion won ($1.8 billion), from 2 trillion won in 2012. Seven analysts surveyed by Bloomberg […]

Toyota Began Auris Production in Derbyshire, UK

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 UK supply and manufacturing chain for the new Auris, adding 800 employees. The ceremony at the Burnaston factory was […]

BMW Reaches High Profit Despite Increased Costs

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 the fourth quarter, even though it is clear that we–and indeed the sector as a whole–are likely to be […]

Nissan Cuts Full-Year Target

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 Toyota’s sales in the country. The protests sparkled in mid-September after Japan purchased the disputed islands in the East […]

BMW Profit Down, hit by higher costs

BMW Profit Down, hit by higher costs

BMW Ag., the world’s largest premium carmaker has reported a sharp fall in profits in the second quarter due to higher costs for staff and investments in new technology. However, despite the fall in profit against the same quarter last year, the company recorded record sales. It also held on […]