Post Tagged with: "profitability"

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Europe: Toyota’s chief handing over healthy division

Europe: Toyota’s chief handing over healthy division

Toyota’s European business leader, chief executive officer Didier Leroy, is getting ready to hand over the position as he prepares this summer to assume new, global responsibilities – becoming the Japanese automaker’s first non-national executive vice president. The European unit of the carmaker, unlike others belonging to the US automakers […]

Ford sees rising trouble for European division

Ford sees rising trouble for European division

The second largest US automaker has seen years of high losses from its Ford of Europe division, and before the recovery takes hold and turns around the profitability prospects of the company in the region, the carmaker may face a big “squeeze.” That’s according to the continent’s new president Jim […]

Lineup reduction should yield profit boost at Mini

Lineup reduction should yield profit boost at Mini

The BMW Group, the largest premium automaker in the world managed to successfully stage a comeback for the iconic Mini brand – but the make’s expansion into new territories ultimately backfired. While the German automaker has predicted it would make Mini profitable from the beginning, the company struggled to achieve […]

Lotus CEO mulls return to profit

Lotus CEO mulls return to profit

Just last week we told you the British exotic sports car maker has announced it would move to cut a serious part of its workforce in order to streamline its money-losing business. The situation is dire at the small manufacturer, which unlike bigger sport car producers has no multinational ownership […]

Mercedes fights BMW in the investor field

Mercedes fights BMW in the investor field

BMW, the world’s largest luxury automaker has long been the favorite of investors as well, but Mercedes-Benz latest strategy looks to threaten its rival in this business field as well. The Daimler brand is increasingly popular among the investors because of its new strategy, bigger range of models and the […]

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BMW executive says the automaker is shifting to profitability

BMW executive says the automaker is shifting to profitability

In an interview with German magazine Automobilwoche, BMW’s Chief Executive Norbert Reithofer hints the automaker is ready to shift its policy from sales volumes to improving the pricing and earnings margins. The German carmaker, the biggest premium auto company worldwide, has actually intentionally decreased its sales in the home country […]

Fiat brand to still focus on Europe for profit

Fiat brand to still focus on Europe for profit

While Fiat Chrysler Automobiles ambitious five-year business plan presented two days ago called for most of its brands to go global, the Fiat namesake brand is a little more modest, with its focus set on the European region. CEO Sergio Marchionne has presented the company’s intent on boosting the sales […]

Bosch Cuts Investments for 2013

Bosch Cuts Investments for 2013

Robert Bosch said that this year it will postpone investments as the crisis in Europe made the company miss its 2012 profitability target. According to Chief Executive Officer Volkmar Denner, Bosch’s operating return on sales was only 2% in 2012, missing its long-term target of 8%. Although revenue increased 1.6% […]