Cars
Mercedes-Benz's parent company Daimler has released details on its third quarter performance, with the group reporting a 13 percent increase in passenger car and commercial vehicle sales worldwide to 594,900 units, while earnings before interest and taxes increased 16 percent to €2.23 billion (US$3.07 billion at today's exchange rates), up from €1.92 billion in Q3 2012. Read more »
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- Skoda Sells Close To Half A Million Vehicles In The First Half Of 2012
Defying the economic crisis in Europe, the Volkswagen Group-controlled Skoda brand reported worldwide sales of 493,000 units in the first six months of the year, an impressive increase of 8.4 percent over the same period in 2011. At the same time, the...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Hyundai Sells Over A Million Vehicles, Kia More Than 630,000 In The First Quarter Of 2012
Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7...
- General Motors Announces Third Quarter Financial Results, Profits Down 15%
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...
Cars
New CLA Helps Mercedes Boost Q3 Sales by 14 Percent to 395,400 units
Mercedes-Benz's parent company Daimler has released details on its third quarter performance, with the group reporting a 13 percent increase in passenger car and commercial vehicle sales worldwide to 594,900 units, while earnings before interest and taxes increased 16 percent to €2.23 billion (US$3.07 billion at today's exchange rates), up from €1.92 billion in Q3 2012. Read more »
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- Skoda Sells Close To Half A Million Vehicles In The First Half Of 2012
Defying the economic crisis in Europe, the Volkswagen Group-controlled Skoda brand reported worldwide sales of 493,000 units in the first six months of the year, an impressive increase of 8.4 percent over the same period in 2011. At the same time, the...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Hyundai Sells Over A Million Vehicles, Kia More Than 630,000 In The First Quarter Of 2012
Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7...
- General Motors Announces Third Quarter Financial Results, Profits Down 15%
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...