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Volvo’s parent Geely dives after profit slowdown is announced


Geely Automobile Holdings Ltd., led by Chinese billionaire Li Shufu and the parent company of Sweden’s Volvo Cars, had a rough time on the Hong Kong stock exchange. The company’s shares took a steep fall after the company forecasted its full-year net income could plunge as much as 50% due to the crumbling Russian currency and the continued slump in demand ...
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Land Rover sales slowdown makes for smaller Tata Motors profit
Tata Motors, India’s largest carmaker and the parent company of British automaker Jaguar Land Rover saw its quarterly profit missing analyst estimates. The Mumbai-based company reported that because its Jaguar Land ...
Tesla’s quarter impacted positively by California’s ZEV credits
Tesla Motors, as an automaker that only builds electric cars, has a great advantage in its home state of California, which asks carmakers to achieve a minimum amount of zero ...
Toyota sees great first half fiscal year profit, but faces hurdles ahead
Toyota is on track to remain the world’s largest automaker in terms of sales and has decided that it shouldn’t give up the position when it comes to earnings as ...
Tesla announces third-quarter loss but the stock rises on future promises
The California-based electric car company had an adjusted profit of 2 cents per share, but the company still posted a $75 million net loss and decided to trim down its ...
Chrysler reports third-quarter profit on the rise
Fiat Chrysler Automobiles has reasons to be proud of its American unit Chrysler Group LLC, which announced its third-quarter net income jumped 32% to $611 million and decided to stick ...
Continental AG says it’s ready to embrace emerging auto trends
German auto supplier Continental AG has decided to be optimistic and announced its forecast for next year sees growing profitability and sales thanks to increased world demand for cars. The parts ...
BMW quietly lowers full-year sales outlook
BMW AG, the world’s largest premium carmaker has just announced an analyst expectations beating operating profit for the year’s third quarter. Still, the automaker has also silently decreased its forecast ...
Audi’s third quarter profit slips due to increased investments
Audi, one of the key drivers of profit for the German automaker Volkswagen AG, failed to impress during the third-quarter, as profitability took a hit because of increased investment spending. The ...
BMW’s third-quarter sales increase lags Audi and Mercedes-Benz
BMW AG, the world’s largest producer of luxury vehicles managed to beat analyst estimates when it reported third-quarter profit, buoyed by increased demand for the recently redesigned full-size X5 SUV. On ...

latest automotive news
Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now ...
Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
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GM and Jaguar Land Rover stopped deliveries to Russia
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Uber wants to patent its gouging prices
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Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
Price of U.S. gas reaches under $2.50 a gallon
U.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more ...
Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
Spyker declares bankruptcy
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Mazda readies seven tuned cars for its home Tokyo Auto Salon
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Audi tells us that Q7’s 3D sound systems are the best around
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[Video] Winner of the Land Rover challenge survives an encounter with the wild thanks to Bear Grylls
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