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Toyota quarterly net income rises 4.7%

Toyota quarterly net income rises 4.7%

The world’s biggest automaker posted a 5.4-billion-dollar net profit for the third quarter of the financial year, also rising its full-year forecast. Despite a slightly sales decrease of 0.8 percent, 2015 was for the fourth year in a row in which Toyota Motors finished as the world’s best-selling automaker, topping […]

Hyundai’s quarterly profit slides 23 percent

Hyundai’s quarterly profit slides 23 percent

Hyundai, South Korea’s largest automaker, the world’s fifth biggest when counted with affiliate Kia, has announced its net profit during the third quarter of the year dropped 23 percent year over year. The earnings have fallen below analyst expectations, with the South Korean carmaker bullied by the slowing Chinese deliveries […]

Volvo’s first half profit jumps 71 percent

Volvo’s first half profit jumps 71 percent

Geely has done marvels resurrecting the Swedish brand Volvo from its ashes – unlike NEVS with its local market Saab – and the profits are being reaped – especially thanks to the advances in China and Europe. The Volvo Car Group announced it was keeping unchanged its forecast for the […]