SEOUL, June 4 (Reuters) - Hyundai Motor Co (005380.KS: Quote, Profile, Research) said on Wednesday it is targeting growth of more than 35 percent in sales of passenger cars in Russia this year as it plans to launch new models.
Hyundai, the world’s No.6 auto maker along with its affiliate Kia Motors Corp (000270.KS: Quote, Profile, [...]
By Amanda Cooper
LONDON, April 24 (Reuters) - European shares fell on
Thursday, led by a decline in banking shares after more
writedowns from Credit Suisse (CSGN.VX: Quote, Profile, Research) and a bearish update
from Barclays (BARC.L: Quote, Profile, Research).
Beyond the financial sector, earnings from a number of
European large caps including ABB [...]
MUMBAI, April 24 (Reuters) - India’s biggest car maker,
Maruti Suzuki India Ltd (MRTI.BO: Quote, Profile, Research), on Thursday reported a
surprising 34 percent fall in quarterly net profit, as a large
depreciation charge weighed on higher sales.
Maruti, 54.2 percent owned by Japan’s Suzuki Motor Corp
(7269.T: Quote, Profile, Research), said net profit [...]
MILAN, April 24 (Reuters) - The targets that Italian
industrial group Fiat (FIA.MI: Quote, Profile, Research) has set for itself for 2008
should be “easily achievable,” Chief Executive Sergio Marchionne
said on Thursday.
He was speaking on a conference call to analysts after Fiat
posted a better-than-expected first-quarter profit on higher
sales.
Earlier in the [...]
HONG KONG, April 25 (Reuters) - Hong Kong stocks are expected
to move higher on Friday on overseas gains and the strength of
China markets, but lower oil and gold prices could trigger
profit-taking in related counters.
“The blue-chip index should test the 26,000 level today as
Chinese stocks are likely to continue to [...]
DETROIT (Reuters) - General Motors Corp’s (GM.N: Quote, Profile, Research) chief sales analyst said on Wednesday the U.S. automaker expects the automotive industry’s global sales to rise about 4 percent this year due to strong demand in emerging markets.
The North American market has been “challenging” but GM saw strong sales in [...]
(Adds CEO interview, analysis, takeover speculation, byline;
updates share price)
By Helen Chernikoff
NEW YORK, April 23 (Reuters) - Diversified manufacturer
Rockwell Automation Inc (ROK.N: Quote, Profile, Research) posted lower-than-expected
quarterly earnings on Wednesday on disappointing operating
margins, sending its shares down as much as 11 percent and
touching off takeover speculation.
The company, whose [...]
(For table of earnings forecasts, click [ID:nT287406])
* What: Top Japanese automakers‘ 08/09 outlook, Q4 earnings
* When: From April 24 to May 13
* Fourth-quarter earnings performance to be mixed but
double-digit falls assured for most in 2008/09 due to weak dollar
and rising commodities prices
By Chang-Ran Kim, Asia auto [...]
(Adds details)
MEXICO CITY, April 23 (Reuters) - Mexican conglomerate Alfa
posted a 41 percent decline in first-quarter net profit on
Wednesday due to higher taxes and financial costs amid an
acquisition spree.
Alfa (ALFAA.MX: Quote, Profile, Research) said January-March net profit fell to 719
million pesos ($68 million) from 1.217 billion pesos a [...]
By Fang Yan
SHANGHAI (Reuters) - Great Wall Motor Co (2333.HK: Quote, Profile, Research), China’s largest sport utility vehicle (SUV) maker, has postponed its domestic A-share listing until later this year partly due to concern over the mainland’s slumping stock market, a source familiar with the situation said on Wednesday.
Great Wall Motor, [...]
