| AME Info News - Executive Motoring |
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AME Info News - Executive Motoring
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Daimler expects higher than forecasted profits
Sat, 11 Feb 2012 13:27:32 +0400
Daimler has said its profit in 2012 is set to exceed analysts' forecasts, propelled by record demand for Mercedes-Benz brand cars, Bloomberg has reported. "The outlook is above expectations," lifted by Mercedes sales and stable prices, said Daniel Schwarz, a Commerzbank analyst in Frankfurt. Mercedes plans to introduce 10 new models by 2015, including compacts and the CLS Shooting Brake, a wagon-like variant of the four-door coupe. Analysts had predicted a profit drop this year because of costs to bring the cars to market. [AMEInfo.com]
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Nissan Q3 up with record sales, improves market share
Thu, 09 Feb 2012 10:04:24 +0400
Nissan Motor Co is set to be Japan's most profitable of the three big automakers in 2012, after record car sales last year and improved market share in every major region pushed up quarterly operating profit, Reuters has reported. Nissan kept its net profit forecast at ¥290bn ($3.74bn) for the year to end-March, ahead of Honda Motor's forecast for ¥215bn ($2.79bn) and Toyota Motor's ¥200bn ($2.596bn). Despite launching few new models, Nissan increased its global auto sales by 14% last year to 4.67 million vehicles. Also, among Japan's three leading automakers, Nissan was the fastest to recover from both the earthquake last March and flooding in Thailand that ruptured supply chains, swiftly sourcing parts from its global network. [AMEInfo.com]
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Toyota eyes recovery with raised profit forecast
Wed, 08 Feb 2012 10:02:25 +0400
Toyota Motor Corp has raised its full-year profit forecast by more than one third, as it cuts costs, trims spending and expects Japanese government schemes to boost sales, Reuters has reported. Japan's largest automaker now expects operating profit - earnings from its core operations - for the year to end-March of ¥270bn, a drop of 42% from last year, and below analysts' forecast of ¥331bn. [AMEInfo.com]
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Mitsubishi Motors plans to end production in Europe
Tue, 07 Feb 2012 10:44:12 +0400
According to reports by the Japanese media, Mitsubishi Motors Corp plans to end production in Europe by 2013, as the carmaker shifts focus to emerging economies, Reuters has reported. Mitsubishi has been making its Colt subcompact car and Outlander sports utility vehicle at a factory in the Netherlands, but it will enter negotiations with workers and the Dutch government to end that. A spokesman for the company said the carmaker has been exploring various strategies for the future of Nedcar, although nothing has been decided so far. [AMEInfo.com]
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AW Rostamani eyes Honda sales boost in India
Tue, 07 Feb 2012 10:43:19 +0400
UAE-based AW Rostamani Automotive, which owns the Honda dealership in the Indian capital of New Delhi, is looking to expand in other cities, Khaleej Times has reported. "Our strategy is to expand Honda within India. In areas where Honda will have dealerships, we will be a candidate," said chief executive Michel I. Ayat. Capital Cars Private, a wholly-owned subsidiary of AW Rostamani Holdings, sold 1,751 cars in calendar year 2011 and this figure is expected to cross the 2,000 mark in its fiscal year, which ends in March, he said. "It will be higher than the calendar year as we can touch easily 2,000 [vehicles]," Ayat told the daily. [AMEInfo.com]
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