Tag Archives: results

U.S. April Retail Auto Sales Predicted at 11 Million, SAAR 13 M

“As April’s sales pace confirms, increasing gas prices and shortages in vehicle inventory have yet to trump the overall recovery that has been progressing since the fall of 2010,” said Jeff Schuster. Continue reading

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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

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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

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Honda Q4 Profit Drops as Yen and Earthquake Shake Results

Honda Motor Company said today in Japan that profits plunged 38% to ¥44.55 billion (~$547 million) in the current fourth quarter as a result of the Japan earthquake and ongoing appreciation of the Japanese Yen. Honda’s net profit in Q4 … 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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Renault Group Reports +15% Revenues, Record Sales in Q1

Ghosn reaffirmed the company’s €500 million cash flow target for 2011, but because of uncertainties caused by the Japan earthquake and ongoing production stoppages, Ghosn refused to increase his forecast for the year even though Q1 sales was well ahead of plan. The ongoing forecast simply says the both sales and revenues will increase in 2011. Continue reading

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Ford Motor Nets $2.6 Billion in Q1 on $33 Billion Revenue

Ford Motor Company (NYSE: F) today reported first quarter 2011 net income of $2.6 billion, or 61 cents per share, an increase of $466 million, or 11 cents per share, from first quarter 2010 as the global auto industry continued … Continue reading

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Honda Sets Fiscal Year Record for Overseas Auto Production

That of course was before the parts shortages and vehicle production disruptions caused by the Japan earthquake and tsunami on 11 March took hold. Continue reading

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EU Car Sales Dip 2.3% in Q1 2011, March Worse at -5%

Sales woes for light vehicles in the European Union continued in March as registrations totaled 1,558,915 new cars, a decline of 5% compared to what was a weak March for EU car sales last year. The month counted on average … Continue reading

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April U.S. New Vehicle Retail Sales Strong But Inventories Drop

However, the pace isn’t expected to be sustainable as inventory dries up, especially among small cars, and becomes a more widespread problem toward the end of April and into May Continue reading

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Volkswagen Group Sets Q1 and March Sales Records

By posting what was a 13.7% increase Europe’s largest automaker outperformed the overall market, which grew 8.1% based on preliminary Q1 results. Continue reading

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Toyota Bucks EU Vehicle Sales Woes with 13% Q1 Increase

Toyota Motor Europe reported sales of 233,336 Toyota and Lexus vehicles in the first quarter of 2011 as Toyota’s overall monthly sales in March surpassed the 100,000 mark for the first time since March 2009. It is counter the downward sales trend in the European Union or EU. Continue reading

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AutoNation’s March 2011 New Vehicle Unit Sales Increase 19%. Japanese Model Availability to be Problem in Q2 and Q3

AutoNation, Inc. announced that its retail new vehicle unit sales in March 2011 totaled 22,246, an increase of 19%. AutoNation expects production disruptions will significantly impact product availability from Japanese auto manufacturers in the second and third quarters of 2011. Continue reading

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Chrysler Group March U.S. Sales Up 31%, Q1 plus 23%

Chrysler Group LLC today reported U.S. sales of 121,730, a 31% increase compared with sales in March 2010 – Chrysler’s best March since 2008, and the highest sales for any month since May 2008.

Both Chrysler Group car and truck sales posted year-over-year sales gains, led by car sales which increased 46%, the best month for car sales since May 2008 before the financial markets collapsed that fall and Chrysler faced bankruptcy. Overall U.S. auto industry sales were up 17% for the month; 20% for the quarter.
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Ford Motor Company Outsells General Motors in March as U.S. Sales Increase 19%! Ford Q1 Sales also Strong at Plus 6%.

Ford is clearly benefitting from relatively fresh products, a shift away from trucks to cars and improved fuel efficiency in most vehicle lines as gasoline prices continue to rise above $3.50 a gallon. Continue reading

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