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Tag Archives: q1 results
Honda Posts $1.7 Billion Profit in Japanese Fiscal Q1
Despite the strong recovery, the results did not meet analysts’ expectations because of rising marketing costs and the strong yen. Nevertheless, Honda is sticking to its global sales forecast of 4.3 million vehicles in the Japanese fiscal year to March 2013, an increase of 38.4% from FY 2012. North America is forecast to sell almost 40% of the total, which means a lot is riding on the success of the new Accord due this fall. Continue reading
Posted in auto news, financial results, news analysis, results
Tagged auto informed, autoinformed.com, automotive news, honda, Ken Zino, q1 results, results
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Daimler Q1 Net Profit of €1,416 Million is Up 20%
Daimler said the increase came from the ongoing growth of unit sales at Mercedes-Benz Cars and Daimler Trucks. In the first quarter of 2012, the Daimler Group sold a total of 502,100 cars and commercial vehicles worldwide, up 9% from Q1 2011. Daimler expects to sell more than 2.1 million vehicles globally during 2012. Continue reading
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BMW Group Posts Record Sales, Revenues, Earnings in Q1
The BMW Group recorded record sales, revenues and earning during Q1 2012, as the number of vehicles sold by the Group rose by 11.2% to 425,528 units from 382,758 during Q1 of 2011. The BMW, Mini and Rolls-Royce brands all recorded new sales records. This included BMW brand motorcycles at 24,373, +5.5%, which was also the best Q1 sales performance in the company’s history. Continue reading
Posted in auto news, financial results, marketing, results, sales
Tagged auto informed, autoinformed.com, automotive news, bmw group, ebit returns, Ken Zino, mini, norbert reithofer, q1 results, rolls royce
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GM Makes $1 Billion in Q1. Down from $3.2 Billion in 2011
GM stock has been trading $22-$23 range, well down from the $33 level of GM’s 2010 initial public offering, to say nothing of what is happening to small investors who subsequently bid the stock – which pays no dividend – up to $39 before reality took hold. Continue reading
Ford Motor Q1 Profit $2.3 Billion, Down $500 Million
With successful businesses in North America ($ 2.1 billion profit) and Ford Credit ($452 million profit), Ford has now been profitable on a pre-tax operating basis for 11 consecutive quarters. The North American operating margin was 11.5% compared to overall results of a 6.4% margin. Continue reading
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Chrysler Provides Most of Q1 Fiat Group Profits of €866m
The weak consolidated Fiat-Chrysler Group return of 4.2% on sales of more than €20 billion stood in stark contrast to Chrysler Group’s return of 7% on €872 million in revenues during the quarter reported earlier in the day. Simply put, courtesy of U.S. and Canadian taxpayers, a reorganized Chrysler, now 58.5% owned by Fiat, is providing the profits for the newly created Fiat-Chrysler Group. Continue reading
Chrysler Group Q1 Profit $740 million on 33% Sales Increase
“I have really no bad news to tell you,” said Sergio Marchionne, Chairman and Chief Executive Officer of Chrysler Group. “We continue to focus on new product launches, and 2012 is the weakest year for new products. The big one is 2013.” Continue reading
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Tagged auto bailouts, auto informed, autoinformed.com, automotive news, chrysler, Ken Zino, marchionne, q1 results
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Peugeot Annual Meeting Kills Dividend. Q1 Revenues Drop
The Q1 downturn comes as Peugeot is in the process of establishing a global alliance with General Motors, which is also losing money in Europe for more than a decade – $700 million in 2011 alone. Continue reading
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BMW Group Sales Set All-Time Global Record in March, Q1
During Q1 BMW also achieved a new high for the first three months. Retail volumes for the year to the end of March increased by more than 40,000 vehicles to 425,528 units (Q1 2011 – 382,763 units), which represents a growth of 11.2% compared with the first quarter of 2011. Continue reading
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Chrysler to Pay off $7.5 Billion in U.S., Canadian Bailout Loans
It is primarily the interest on government loans – $1.23 billion – that prevented Chrysler from earning a profit during 2010 and resulted in an overall loss for the year of $652 million. So decreasing interest rates should improve earnings, a necessary precursor for the public offering of Chrysler stock later this year or early next. Continue reading
General Motors Posts 2011 Q1 Profit of $3.2 Billion. Results Almost Doubled by One Time Sales of Ally and Delphi Preferred
The General Motors results were not as strong as they appear on first glance because special items increased profits by $1.5 billion or $0.82 per fully-diluted share. GM stock is currently selling at under $32 a share, below the initial IPO price of $33 last November. Continue reading
Chrysler Posts First Profit Since 2009 Taxpayer Bailout
It is primarily the interest on government loans -$1.23 billion – that prevented Chrysler from earning a profit during 2010 and resulted in an overall loss for the year $652 million. Chrysler has announced that it intends to pay back those loans by June of this year by refinancing them through a combination of bonds and debt in private equity placements. Continue reading
Daimler Group Q1 Sales up 15%. Profit Jumps to €1,180 million
“We achieved excellent earnings in the first quarter. This puts us well ahead of our planning and confirms our positive outlook for the year 2011,” stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. Zetsche did not provide specifics, though. Continue reading
Korean Hyundai Motor Profit up 46% in Q1
Hyundai Motor Company said today in a regulatory filing that profits jumped 46% in Q1 as sales were up 21% to 18.23 trillion Korean Won on a consolidated basis. South Korea’s largest automaker benefited from strong sales in China, Europe and the U.S., as competing Japanese automakers struggled with production disruptions because of the Japan earthquake. Continue reading
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Porsche Posts 13% Sales Increase in Q1, €496 million Profit
Porsche AG in Stuttgart said today that during the first three months of the 2011 financial year sales were up 13% to 23,442 vehicles compared to the year before. As a result, the German luxury vehicle maker said that Q1 … Continue reading
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