Post Tagged with: "operating income"

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GM’s losses in Europe doubled in 2012

GM’s losses in Europe doubled in 2012

General Motors’ lossed doubled in Europe last year, shrinking the automaker’s third-consecutive annual profit. GM’s net income was $4.86 billion last year, down from a record $7.59 billion in 2011. Operating income in 2012, before any one-time items, was $7.86 billion, down from $8.30 billion in 2011. In Europe, losses […]

Renault reports sharp decline, profit down 39%

Renault reports sharp decline, profit down 39%

French carmaker Renault said its profit fell 39 percent in the first half of the year as new car sales in Europe fell more than expected. The company said that it expects that trend to continue in the second half of the year and become even more pronounced. It now […]

Faurecia Expects Lower Operating Income

Faurecia Expects Lower Operating Income

Today, July 24th, French auto parts maker Faurecia reported 119 million euro ($98 million) negative cash flow in the first six months of 2012 due to more than a half increase in capital spending. The company revised its 2012 targets for operating profit and revenue, announcing that its results will […]

Michelin net profit up, raises target for 2015

Michelin net profit up, raises target for 2015

Michelin (MICP.PA), the world’s second-largest tiremaker, Friday said operating profit rose 14.7% to EUR1.94 billion from EUR1.70 billion in 2011. The French giant said sales volumes rose 6.7% thanks to growth in emerging markets, which offset weaker demand in parts of Europe. Net profit rose 39% to EUR1.46-billion from EUR1.05-billion, […]

TRW 3Q earnings down 20 percent

TRW 3Q earnings down 20 percent

TRW Automotive Holdings Corp. today reported third quarter 2011 financial results with sales of $3.9 billion, an increase of 14 percent compared to the same period of 2010. However, the auto-parts maker has also reported a 20 percent drop in third-quarter earnings on higher expenses. The global supplier of automotive […]

Mazda: $512 Million Loss In Second Half

Mazda: $512 Million Loss In Second Half

Mazda Motor Corp. stated that the company registered a $512 million loss during first half of its 2012 fiscal year, compared with the $7 million profit registered in the first half of the previous year. Also, the net sales were with 17.1% less than in the same period of 2011 […]

Scion may build cars in the U.S.

Scion may build cars in the U.S.

AutoObserver reports that Toyota Motor Corp, still consider to build Scion cars in North America – most likely the U.S. Every yen advance against the U.S. dollar cuts Toyota’s operating income by 35 billion yen, while a gain versus the euro reduces operating income by 6 billion yen, according to […]