Post Tagged with: "profit"

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Hyundai reports declining first quarter profit

Hyundai reports declining first quarter profit

Hyundai Motor, South Korea’s largest automaker and the fifth biggest in the world when taken together with affiliate Kia Motors, recently reported its profits during the first three months have fallen for the fifth straight quarter. The fifth consecutive profit slump at the carmaker was triggered by rising incentives in […]

GM sees in-car 4G Internet lifting profits

GM sees in-car 4G Internet lifting profits

The owners of new General Motors vehicles will increasingly have the opportunity of reaching the world via the car’s built-in mobile broadband system – with the feature ultimately increasing the automaker’s profits. Usually the business for an automaker is what military aviators would call “fire and forget” – they have […]

The dream of making a million-dollar car

The dream of making a million-dollar car

The automotive industry has its mass-market models, premium cars, ultra-luxury offerings and the out of the world million dollars vehicles. Ultimately, any automotive startup usually targets that minuscule segment in their breakthrough dream. For example, have you already seen Furious 7? If not, you should, because one perfect example (hint: […]

Tesla’s upgrade mulling increased profit

Tesla’s upgrade mulling increased profit

The California-based electric luxury automaker recently announced its Model S premium sedan would receive a battery upgrade, with the announcement also prompting the company to raise its base price. After the announcement, Tesla said all Model S sedans would have the battery capacity increased by 17 percent, while the price […]

VW commercial unit sees rising 2014 profit

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 […]

BMW sees itself in precarious top position

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 and the competition catching up. The German automaker has relied on its record sales of cars and SUVs to bring […]

VW seeks record profit for its finance unit this year

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 AG is currently the largest automaker in Europe and also the second-biggest in the world, so naturally its finance […]

Porsche SE profit takes hit from tax arrears

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) in tax arrears in 2015. The payments will most likely make a dent in the company’s net liquidity and force […]