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Guangzhou Auto’s 2012 profit down 70-80 percent


Guangzhou Automobile Group, one of China's big state-owned auto companies, announced it expects its 2012 net profit to decline by 70 to 80 percent from a year earlier. “The estimated results have not been audited by any certified accountants,” reads the statement cited by Reuters, adding that the figures represent preliminary estimates. Last year, the carmaker posted a net profit of ...
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The Closing of Manesar Plant Costs Maruti a 15%-20% Profit Loss
The shuttered Manesar plant caused Maruti Suzuki a 15%-20% loss in profit, due to missed production. India’s biggest auto maker reported in July profits down for the fourth straight quarter. The ...
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Tesla Motors Inc., the Silicon Valley-based company that designs, manufactures and sells electric cars and electric vehicle powertrain components said its fourth-quarter net loss widened to $81.5 million, as electric ...
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Thai flood cuts Mitsubishi’s 2011 profit, quarter financial results released
Mitsubishi Motors Corp. reported that is expecting a profit loss of 130 billion yen due to the floods in Thailand as the output was affected by factory closures and supply ...

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