Cars
French carmaker PSA Peugeot Citroën is feeling the burden of the economic crisis as the company said on Wednesday that despite group revenues being up 3.5% compared with third-quarter 2010, its core automotive division's revenues are down 1.6% year-on-year and as a result, it would barely break even this year.
- Lamborghini's Sales Surge 23 Percent To 1,602 Units In 2011
Famed Italian supercar maker Lamborghini has announced strong sales numbers for the year that ended on December 31, 2011. The company recorded double-digit increase in deliveries and turnover selling 300 more cars compared to the previous year for a...
- Spied: New Citroën C4 Saloon Trots Out To Scandinavia For Some Winter Tests
The PSA Citroën-Peugeot may be facing some troubles in Europe due to the financial and budgetary crisis, but life goes on and Citroën is looking for ways to increase its sales with the presentation of new models in the mainstream categories. After...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Ferrari Posts €54 Million Trading Profit In The First Quarter Of 2009
Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...
Cars
PSA Peugeot Citroën to Cut 3,500 Jobs in Europe as it Tries to Slash Costs
French carmaker PSA Peugeot Citroën is feeling the burden of the economic crisis as the company said on Wednesday that despite group revenues being up 3.5% compared with third-quarter 2010, its core automotive division's revenues are down 1.6% year-on-year and as a result, it would barely break even this year.
The Paris-based automaker blamed the drop in revenues on the negative impact from the aftermath of Japan's tsunami (€250 million) and the higher prices of raw materials (€700 million).
Read more »- Lamborghini's Sales Surge 23 Percent To 1,602 Units In 2011
Famed Italian supercar maker Lamborghini has announced strong sales numbers for the year that ended on December 31, 2011. The company recorded double-digit increase in deliveries and turnover selling 300 more cars compared to the previous year for a...
- Spied: New Citroën C4 Saloon Trots Out To Scandinavia For Some Winter Tests
The PSA Citroën-Peugeot may be facing some troubles in Europe due to the financial and budgetary crisis, but life goes on and Citroën is looking for ways to increase its sales with the presentation of new models in the mainstream categories. After...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Ferrari Posts €54 Million Trading Profit In The First Quarter Of 2009
Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...