Archive for April, 2009
Honda Forecasts 71% Profit Drop on Car Sales Plunge
April 28 (Bloomberg) — Honda Motor Co., Japan’s second- largest carmaker, forecast profit will drop 71 percent this fiscal year as the global recession and tighter credit cripples demand for cars.
Net income will drop to 40 billion yen ($417 million) in the year ending in March, compared with net income of 137 billion yen a [...]
Read more2nd UPDATE: Audi 1Q Oper Pft -29%; Weak Demand For Luxury Cars
FRANKFURT (Dow Jones)–Audi AG (NSU.XE) said Monday that its first-quarter operating profit fell 29% amid waning demand for luxury cars, but it reiterated that, despite an anticipated fall in 2009 car sales, it still expects to fare better in the current industry gloom than its rivals.
“We remain confident to achieve a clearly positive result in [...]
Read moreTata Motors Will Announce Orders for Cheapest Car: Week Ahead
Tata Motors Ltd., India’s biggest maker of trucks, will announce the number of bookings it has received for the Nano, the world’s cheapest car.
Tata, based in Mumbai, may have got 1 million orders for the Nano, the Business Standard reported yesterday, without saying where it got the information. The automaker will unveil the final figure [...]
Read moreElectric cars in the limelight at Shanghai expo
With concern of a green future and in answer to the Chinese government’s appeal for energy-efficiency, global and domestic automobile manufacturers are showcasing their electric car models at the ongoing Shanghai auto show.
Troubled carmaker General Motors is displaying the production version of its Chevrolet Volt – a vehicle that delivers up to 64 km of [...]
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