Bmw posted a better-than-expected 2009 profit

tryme submitted on 3/11/2010 Official Bell & Ross Timestamp: 3:01:07 PM

Bmw has just announced that its cost-cutting measures begun to gain traction as the Bavarian manufacturer posted a better-than-expected 2009 profit despite the fact that the production was lower. According to Bmw, its profit rose 18 percent to 413...

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Spyker planning to make Saab profitable by 2012

tryme submitted on 2/2/2010 Official Bell & Ross Timestamp: 5:02:52 PM

Spyker Cars has many hurdles ahead of it before it achieves its target of returning Saab to profit by 2012. The first task on hand is to get financing for it’s the acquisition. If you haven’t heard of Spyker before it made a successful bid to buy ...

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Toyota won’t make any profit from the Lexus LFA

tryme submitted on 10/28/2009 Official Bell & Ross Timestamp: 4:50:47 PM

There won’t be any profit to be made from the Lexus LFA due to the high cost incurred from developing and constructing it. However, insiders say that the company’s aim was to create a halo car for the brand. And Toyota did just that after spending si...

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Kia posts a record quarterly profit beating any expectations

tryme submitted on 10/23/2009 Official Bell & Ross Timestamp: 3:31:07 PM

Kia Motors Corp. beat forecasts and posted a record quarterly profit last Friday. The South Korean carmaker has plenty to rejoice about since it is expected to continue its winning streak until at least next year with sales predicted to increase by a...

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Toyota worried about the current dollar-yen rate

tryme submitted on 10/2/2009 Official Bell & Ross Timestamp: 2:52:09 PM

Toyota Motor Corp. gripes about the current dollar-yen rate that makes it difficult for the company to return to profit on an unconsolidated level. In a news conference at the Japan National Press Club, President Akio Toyoda said that the current sit...

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Mercedes-Benz likely to post a second-half operating profit

tryme submitted on 10/2/2009 Official Bell & Ross Timestamp: 8:53:24 AM

For the second half of the year, Daimler AG’s Mercedes-Benz unit is likely to post an operating profit, according to CEO Dieter Zetsche. Sales were boosted by new versions of the E-Class and S-Class models, says Autonews. Zetsche said sales picked up...

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