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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 in China and the continued recovery in Europe. The two major regions, China – the world’s largest auto market – and Europe, the carmaker’s home base, managed to offset a slumping ...
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More profit articles

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 ...
Japan: auto employees mull increased wages after profit jumps
Japan’s auto unions have now asked for a uniform pay increase for the monthly base wages of hourly workers after automakers, led by the world’s largest carmaker – Toyota – ...
Renault seeks profit boost this year on new model introductions
French automaker Renault is mulling a further increase in sales in 2015 on new model introductions after 2014’s full-year profit more than tripled on rising European deliveries and a cost-cutting ...
Europe: Faurecia increases dividends on higher profit
Faurecia SA, Europe’s biggest car interior supplier, has announced it would move to increase the annual dividends after its second-half profit soared by 29 percent thanks to increased demand from ...
Europe: Michelin fails to surpass analyst estimates on profit
Michelin & Cie., the continent’s biggest tiremaker, announced earnings that were below analyst estimates, with slowing demand and currency headwinds offsetting the savings coming from the lower raw material prices. The ...
Nissan lifts full-year profit estimates after positive third-quarter
Japan’s second-largest automaker, Nissan Motor, has announced it decided to update the profit prediction for the fiscal year ending March 31 on the back of increased earnings stemming from the ...
Daimler sees fourth quarter profit up 10 percent
Daimler, AG, the parent company of Mercedes-Benz – the third biggest luxury automaker in the world – has announced its fourth-quarter operating profit soared 10 percent. The positive financial result comes ...
GM’s quarterly profit surges undeterred by recall costs
The largest US automaker has revealed that its fourth-quarter earnings soared, exceeding by a margin analyst’ expectations, buoyed by strong demand for the group’s high-yield SUVs and trucks in North ...
Toyota increases profit forecast on weak yen
Toyota Motor Corp, the world’s largest automaker, decided to positively modify its operating profit guidance – just as expected – given the fact that the continued depreciating value of the ...

latest automotive news
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US: Mercedes pits new Metris van against the likes of Ford’s Transit Connect
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Recall roundup: Dodge Challenger SRT Hellcat and Charger SRT Hellcat
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Report – Chevrolet’s upcoming affordable electric car could be seen as Opel model in Europe
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[VIDEO] Ferrari 488 GTB – official promo released
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