Tag: Financial Results

Mitsubishi Motors sees annual profit rising on Asia sales

Its operating profit was 98.2 billion yen in the year just ended, meeting market forecasts and surging roughly 20-fold from the previous year. TOKYO: Mitsubishi Motors Corp on Wednesday forecast a 12 percent rise in operating profit for the current financial year, as it expects increasing vehicle sales in Asia to help boost its bottom… Continue reading Mitsubishi Motors sees annual profit rising on Asia sales

Toyota flags lower annual operating profit on higher yen

TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Wednesday forecast a 4.2 percent slide in operating profit for the current financial year, as it expects a stronger yen to offset slightly higher global vehicle sales and cost reductions. The Toyota company logo is pictured at the India Auto Show 2018 in Greater Noida, India, February… Continue reading Toyota flags lower annual operating profit on higher yen

UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years

SEOUL (Reuters) – South Korea’s finance minister said on Wednesday the country will limit General Motors’ (GM.N) right to sell shares and assets in its South Korean unit so that the U.S. automaker is kept from leaving the nation for at least 10 years. FILE PHOTO: The logo of GM Korea is seen at its… Continue reading UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years

Tesla Gets a Vote of Confidence as Supplier Orders Accelerate

The Tesla Model 3 debate received further fodder on Tuesday after JL Warren Capital LLC said it has noticed “encouraging signs” of a potential pickup in the pace of production. Suppliers for the electric vehicle maker’s more affordable sedan have started seeing increased orders, the research firm said in a note to clients. SAS Automotive,… Continue reading Tesla Gets a Vote of Confidence as Supplier Orders Accelerate

Audi Targets $1.2 Billion Profit Boost From Car-Data Services

Audi is gearing up to boost profit outside its traditional business of producing and selling upscale cars in a push against Silicon Valley’s software giants that are keen to mine potentially lucrative vehicle data. The world’s third-largest luxury-car brand expects to generate operating profit of 1 billion euros ($1.2 billion) in 2025, the Volkswagen AG… Continue reading Audi Targets $1.2 Billion Profit Boost From Car-Data Services

In self-driving car race, Waymo leads traditional automakers

You are here: Home  » OEM  » Automakers and Suppliers  » Waymo is testing autonomous driving using Chrysler Pacifica minivans. Photo credit: Katie Burke UPDATED: 5/8/18 11:14 am ET DETROIT/MUNICH — In the race to start the world’s first driving business without human drivers, everyone is chasing Alphabet’s Waymo. The Google sibling is ahead of traditional automakers such… Continue reading In self-driving car race, Waymo leads traditional automakers

Schaeffler reports three divisions for the first time and confirms guidance for the year

HERZOGENAURACH, Germany, May 8, 2018 /PRNewswire/ — Global automotive and industrial supplier Schaeffler announced its quarterly results for the first three months of 2018 today. As a result of the organizational realignment initiated last year, this is the first time the company is also reporting on the performance of its three divisions – Automotive OEM (64.2 percent… Continue reading Schaeffler reports three divisions for the first time and confirms guidance for the year

Audi eyes 800,000 electric and hybrid car sales in 2025

BERLIN, May 8 (Reuters) – German premium brand Audi on Tuesday said it plans to sell about 800,000 battery-electric and hybrid powered cars in 2025, as it seeks to catch up with electric car rival Tesla and emerge from a damaging emissions-cheating scandal. Audi’s image has been tarnished by regulatory probes investigating what role its… Continue reading Audi eyes 800,000 electric and hybrid car sales in 2025