1Q10 news:
China:
...became the world's largest car market in 2009, selling nearly 13.6 million vehicles and surpassing the U.S's 10.4 million sales that year. While automotive sales slowed in almost every other country due to the global recession (India was an exception), overall car sales in China jumped by 48%.
India:
TTM is India’s largest car manufacturer and commands roughly 70 percent of the domestic market for commercial autos and 20 percent of the market for passenger vehicles.
TM:
A video released earlier this month by Consumer Reports showed a 2010 Lexus GX 460 skidding sideways during a handling test. In an unusual move, the magazine then declared that the Toyota-built SUV wasn't safe to buy. Toyota immediately halted sales of the vehicle and, on Monday, recalled all 9,400 GX 460s to reprogram their stability-control systems.
Prius became the first hybrid to be #1 in yearly sales in Japan, for FYE in March.
VW:
Europe's largest car maker by sales said it earned €473 million ($635.9 million) in the three months to March 31 2009, up from €243 million in the year-earlier period. Volkswagen's revenue soared 19% to €28.65 billion (39B$) from €24 billion as the company continues to benefit from its large presence in the dynamic Chinese and Brazilian markets.
GM:
$4.3 billion loss for its first six months out of bankruptcy. From July 10 to Dec. 31 2009, GM's global operations produced $57.5 billion in revenue. The U.S. government invested about $50 billion in GM and now owns 60% of the company.
2008: 8.1M vehicles sold, 58% outside N. America.
2009: 6.5M vehicles sold, 67% outside N. America.
Chrysler:
For the first quarter, Chrysler recorded a loss of $197 million during the first quarter and $3.78 billion for the period covering June 10 through Dec. 31 after the company had exited bankruptcy. Last year's loss included a $2.1 billion charge for the company's payment into the United Auto Workers' health-care trust fund.
Fiat:
For Q ended 3/31/10, posted a net loss of €25 million ($33.6 million), compared with a loss of €410 million in the year-earlier period. Revenue rose 15% to €12.93 billion from €11.27 billion, thanks to strong sales in Europe and Brazil, a key market.
PSA Peugeot-Citroën:
1Q10 revenue at Europe's second-largest car maker by sales was €13.99 billion ($18.8 billion) from €10.97 billion a year earlier.
DAI:
1Q10 sales €21.2 billion (29B$). Daimler offered a more optimistic full-year outlook. Truck division is world's largest by sales. |
