Tag: Financial Results

Fitch affirms Tata Motors at BB+; outlook stable

TML‘s sales volume grew by 9% yoy in medium and heavy commercial vehicles and 23% in light commercial vehicles in FY18. New Delhi: Tata Motors (TML’s) rating, which includes a one-notch uplift from its standalone rating of ‘BB’ on its linkage with Tata Sons (TSOL), reflects its position in the Indian commercial-vehicle market and the… Continue reading Fitch affirms Tata Motors at BB+; outlook stable

Audi starts challenging year with successful first quarter

In the first quarter of 2018, the Audi Group surpassed its revenue and operating profit of the prior-year period. The operating return on sales of 8.5 percent was once again within the strategic target corridor. This year, the brand with the Four Rings will launch more new models than ever before in the company’s history,… Continue reading Audi starts challenging year with successful first quarter

Fiat Chrysler Automobiles on course to cancel debt this year

Industry by Sam Sheehan, Autocar UK Apr 27, 2018 The Alfa Romeo Stelvio is one of FCA’s best-selling cars Fiat Chrysler Automobiles could clear all debts this year if its efficiency-boosting measures continue to have the same effect. The Italian-American carmaker announced in its first-quarter financial report that it had reduced current debt to €1.3 billion (£1.1bn) (Rs… Continue reading Fiat Chrysler Automobiles on course to cancel debt this year

News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China

Please click HERE for a PDF version of the release. JV has been awarded door modules business with German OEM New facility planned for the Beijing area 100 new jobs expected, production to begin in 2021 BEIJING, April 26, 2018 (GLOBE NEWSWIRE) — A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co.,… Continue reading News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China

DENSO Announces Year-end Financial Results

KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for fiscal year ending March 31, 2018: Consolidated revenue totaled 5,108.3 billion yen (US$48.1 billion), a 12.8 percent increase from the previous year. Consolidated operating profit totaled 412.7 billion yen (US$3.9 billion), a 24.8 percent increase from the previous year. Consolidated profit… Continue reading DENSO Announces Year-end Financial Results

Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million

Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million   Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following:   First quarter:  Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million

(LEAD) Kia Q1 net plunges 44 pct on strong won, weak sales

(ATTN: ADDS details throughout) SEOUL, April 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion… Continue reading (LEAD) Kia Q1 net plunges 44 pct on strong won, weak sales

Kia Q1 net plunges 44 pct on strong won, weak sales

SEOUL, April 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion won a year earlier,… Continue reading Kia Q1 net plunges 44 pct on strong won, weak sales