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Hyundai Motors registers staggering $7.22 billion profit in 2011
South Korean car manufacturer, Hyundai Motors has registered an impressive growth rate for the year 2011. Hyundai Motors sales in 2011 grew by 14% while annual profit figures grew by 35.1%. Hyundai Motors profit for the year 2011 stood at $7.22 billion while their revenue from sales stood at $69.37 ...
India overtakes Brazil as sixth largest vehicle maker
With 7 million units, it is projected to overtake Japan, Germany and Korea by 2017; to beat initial estimate of becoming third-largest market globally by 2020.India has overtaken Brazil as the world’s sixth largest automobile manufacturing country, going by data on the first six months this year, according to the ...
VW likely to surpass Toyota as biggest carmaker this year
Volkswagen AG will probably become the world’s biggest carmaker this year, vaulting past Toyota Motor Corp. and General Motors Co. on gains in emerging markets.The German company’s sales, third among carmakers in 2010, will probably rise 13 percent to 8.1 million vehicles this year, based on the average of three ...
What a difference a boss makes!
What a difference a boss makes! Well, that is a slight exaggeration but what Ratan Tata has done to Jaguar/Land Rover is nothing short of miraculous. During the Ford days these companies (together with Volvo and Aston Martin) were never given the TLC they deserved. So when Ford’s newly recruited ...
Fiat-Chrysler merger brings birth of a new auto giant
Fiat S.p.A (Fiat) is about to evolve as the world's sixth largest automotive group, in the years to come, benefitting from stakes raised by the Italian automaker in Chrysler Group LLC (Chrysler). From about 2.1 million production volume in 2010, Fiat believes that this merger has the potential to take ...
Toyota hopes for revival after sinking to No. 3
Toyota Motor Corp., which has sunk to No. 3 in global vehicle sales from pole position, is counting on emerging markets to drive a revival in its fortunes, one of its top India executives says.Toyota sold 3.7 million vehicles around the world in the first half of 2011, down 11 ...
Tata-owned Jaguar Land Rover records 1.1 billion pound profit in FY-11
Tatas-owned Jaguar Land Rover will this week unveil record annual profits exceeding 1 billion pounds, completing the luxury car maker's remarkable recovery from the depths of recession, media reported today.JLR is forecast to declare 1.1 billion pounds profit for the year to March 31, compared with a gain of 32 ...
Chinese market became the third largest market of BMW Group
In the past year of 2010, the Chinese market became the third largest market of BMW Group in the world. The sales volume of BMW and MINI cars in 2010 reached 168,998 sets, 87 percent up year on year. The rapid growth of sales volume would not be realized without ...
Skoda unveils new brand identity
Skoda unveiled their new image at the Geneva Motor Show on 1st March 2011. The new brand identity will feature a new improved logo said to appear on cars from 2012.The changes are said to accelerate growth further and improve on their 2% market share in the UK. The fresh ...
Infiniti’s New Marketing Partner: Red Bull
A luxury brand car and Red Bull? It doesn't seem like a tasty brand cocktail, but the Japanese luxury brand says it is looking to the world's biggest energy drink brand to turbo-charge its awareness with the right set of buyers.Infiniti, the luxury unit of Nissan Motor, said today it ...