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China: Geely’s first half profit dips 20%


Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands continue to gain market share. The company was also hit by unexpected falls in exports to its major overseas markets – Eastern Europe and the Middle East. Geely posted a net ...
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Volvo six months profits up on China demand
The Swedish automaker, now a subsidiary of China’s Zhejiang Geely Holding Group, reported first half profit was positive thanks to sales jumps in China and a stronger performance in the ...
UK: healthy auto industry gives boost to car dealership profits
Great Britain, buoyed by the rising economy, consumer confidence and advantageous financing schemes, has seen the return of car sales to the levels reported before the 2008-2009 economic crisis. The incredibly ...
Buoyed by Jaguar Land Rover, Tata Motors sees rising profits
India’s largest carmaker, Tata Motors, saw its quarterly profit increase threefold because of high demand for cars produced by the British luxury division. Even if the automaker struggles at home, where ...
Porsche SE reports higher profit, ready for new acquisitions
The German holding company Porsche SE, which has a majority stake in Volkswagen, has announced its second-quarter after-tax profit climbed 17%. The company also stood by its full-year predictions and ...
Mazda and Subaru profit from strong U.S. sales
Mazda Motor Corp and Subaru parent company Fuji Heavy Industries Ltd. said they are on the way to making full-year profits after strong sales in the United States, despite the ...
Honda aims for record profit
The third biggest carmaker in Japan has increased its profit prediction to the highest level in seven years, riding the boost provided by the dwindling local currency and advances in ...
US: Nissan looking to pass Honda
After announcing the results for the April-June quarter, the Japanese automaker also discussed in detail the situation in its No.1 market in the world, the US, where it aims to ...
Nissan’s profit rises on China demand
The Japanese automaker’s profit for the April-June quarter rose 13.4% while net income jumped 37%. The expanses were backed by rising sales in the first and second world markets for ...
Renault’s half-year profit rises 25%
Although currency issues and sales declines in certain markets painted a gloomy picture over the results, Renault’s cost cutting and rising Dacia brand deliveries secured a great increase in the ...

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