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VW commercial unit sees rising 2014 profit


The Volkswagen commercial vehicles division posted a new financial record for the 2014 year thanks to cost cutting in “all areas” and increasing consumer demand seen in core European markets. The unit’s 2014 operating profit jumped 13 percent to 504 million euros, and chief executive officer Eckhard Scholz said the company was confident it could beat the figures in 2015 thanks ...
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BMW gives cautions profit forecast for 2015 after margin loss
The German automaker, the world’s largest when it comes to sales of premium autos, hinted it may scale down efforts to further capture or protect existing market share in the ...
BMW sees itself in precarious top position
The BMW Group has remained for years the largest premium automaker in the world, but it is increasingly obvious the sales crown has become increasingly costly, with earnings margins shrinking ...
VW seeks record profit for its finance unit this year
Volkswagen’s finance arm mulls 2015 operating profit above last year’s record-breaking tally of 1.7 billion euros ($1.80 billion), according to comments made by the division’s chief executive officer, Frank Witter. Volkswagen ...
Porsche SE profit takes hit from tax arrears
Germany’s hedge fund Porsche Automobil Holding SE, well known for its implication in the Volkswagen Group and the namesake carmaker, announced it has to pay 428 million euros ($454 million) ...
Skoda posts record deliveries and profit jump for 2014
Czech carmaker Skoda, the affordable brand of German automaker Volkswagen AG – the second largest in the world and the biggest in Europe – has recently announced that last year ...
BMW earnings jump 14 percent in 2014 but profitability slipped during the fourth quarter
The largest premium automaker in the world released some preliminary financial results recently after a supervisory board meeting, with the Munich-based carmaker negatively surprising analysts and investors. The company’s shares took ...
Automakers also exploring the world of mobility services
Established more than a century ago, the automotive industry’s primary goal was to establish a safe and reliable means of rapid transportation from point A to point B. But, as ...
Volvo profit surges thanks to record sales
Swedish carmaker Volvo Car Group, owned by China’s Geely, announced recently its 2014 operating profit jumped 17.5% after posting record sales figures last year, buoyed by the very rapid growth ...
Magna sees weaker Europe cutting into sales this year
Canadian auto parts supplier Magna International opted to trim down its revenue forecast for 2015, citing as the primary reason for the weaker upcoming results the situation in Europe, where ...

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