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Jaguar Land Rover has recently reported record sales and a 10 per cent rise in revenues, but this didn't increase the annual profits of the carmaker. On the contrary, annual profits at Jaguar Land Rover have paradoxically fallen 40 per cent.This year the British automaker's sales increased 13 per cent to 521,571, and it is the first time the company has broken through the half-million sales barrier. JLR said its pre-tax profits fell down considerably a year earlier, primarily reflecting market conditions during the first half of the year, especially in Chi...
Nissan may have gotten huge North America profits but it didn't stop the company from feeling concerned.The extra car sales are being appreciated a lot by CEO Carlos Ghosn but does it mean now they depend too on the U.S.? The company needs to rebalance its global footprint to tap other profit centers. The company isn't planning to reduce the profit on North America but simply wants to find some new pillars of profit by the time the auto sales in North America go down. The company realizes that the economy of U.S. started to slow down and the country won't bring profits forever.&nbs...
Toyota Motor Corporation has recently declared that the company has recorded sales of 9 million hybrid vehicles. Toyota is currently selling thirty-three hybrid passenger car models and one plug-in hybrid model in more than ninety countries and regions. The Japanese car maker has recorded sales of 9.014 million units as it was declared on April 30. As for the the hybrid revolution in particular, it started with the Prius, which was launched in December 1997 in Japan and then subsequently in Europe and America. Prius still remains one of the most popular and spread hybrids on the...
Hyundai and its affiliate Kia sold an impressive number of 146,400 cars in the Chinese market last month, accounting for a combined 9.2 percent of the market. The CEO of Hyundai Motor America, Dave Zuchowski, has plenty of changes and challenges to deal with in order to reach a similar success on the U.S. market.In April the two automakers sold in China a total of 1.6 million cars. They took up over 9 percent of the Chinese market for the first time this year. Their combined market share continued to grow from 6.1 percent in January to 7.7 percent in February...
There might be a problem this month with new auto sales but not when it comes to California. The registrations for new cars sold first months this year, exceeded 500.000, which is a 3.8% improvement comparing to last year. It's a 22nd consecutive year-over-year increase in quarterly registrations, which of course is great news not just for carmakers and dealers, but for costumers too. We are pretty sure the state will top 2 million new vehicle registrations for the second straight year. Brian Maas, the president of the California New Car Dealers Assn. said Ca...
