الموضوع: ::: Auto Industry News :::

• Renault has reported a net income of €823 million – with an operating margin of 4% and sales up 22% globally. Its worldwide market share now stands a whisker up at 3.8% (Renault)

• La Regie said its business was performing much better than during the same period last year, when the recession bit into its profits. Group revenues soared by 23% to €19,668m (Renault)

• Bosch has sold 1.5 million stop-start systems since it launched series production in 2007, and now it's branching out into stop-start modules for automatic transmissions (Bosch)

• Nissan today opened the order books for the Leaf EV in Portugal and the Republic of Ireland (Nissan)

Nissan today announced a 107 billion yen (€910m) net income in the first quarter of the 2010 tax year – compared with a net loss of 17bn yen (€140m) in the same period last year. Operating profit stood at 168bn yen (€1.4bn), off the back of 954,000 vehicle sale in the first quarter, up a third on same period in 2009 (Nissan)

• As part of its quarterly results, Nissan confirmed it will introduce 10 new products globally in the current tax year,
including the Juke, Leaf and eight other new products (Nissan)

• 'First quarter results for Nissan are good and our recovery is vigorous and ahead of schedule,' said Nissan president and CEO Carlos Ghosn. 'Challenging market conditions persist, but our performance reflects strong demand for Nissan's products as well as our relentless focus on operational efficiency. Despite uncertainty surrounding the ongoing global economic recovery, raw material costs and exchange rate volatility, we are confident to achieve our FY2010 forecast [of 350bn yen operating profit, or €2.92bn, and net income of 150bn yen, or €1.25bn

• The Ford sale of Volvo to Geely is expected to close next week, according to Bloomberg. The Blue Oval is selling to Geely for $1.8bn, less than a third of what it paid for Volvo in 1999

• Mercedes is the first lorry manufacturer to fit a double-clutch gearbox, it claimed today. It uses the Duonic transmission from Fuso (Mercedes-Benz)

• Hyundi Motors has warned that car demand in Europe will shrink in the second half of 2010, but vice president Lee Won-hee said on Thursday that Hyundai's sales would continue to grow as it rolled out new models
Profits at oil giant ....l have nearly doubled in the second quarter. It reported profits of £2.9bn, and hailed a year-long corporate restructuring as the cause of the turnaround

•Jack Roush, Nascar team owner, crashed his plane on Tuesday in Oshkosh, USA, upon landing. He's in a serious but stable condition at hospital, but his injuries are not life threatening

•Porsche has built its 25,000th Panamera after just 10 months of production. It's built at its Leipzig factory in east Germany, alongside the Cayenne 4x4 (Porsche)

UK car buyers will be able to claim a grant of up to £5000 towards an electric vehicle from January 2011. Previously announced by the former Labour Government, the scheme was put on hold by the the Liberal-Conservative coalition, but has now been given the go-ahead in a show of
commitment to low CO2 transport

UK car production rose by 28.6% in June and was up 55% over the year-to-date

• The Chrysler Group’s operating profit stands at $146 million for the second quarter, the second operating profit in a row for the American firm. From April to June sales grew 6.7%, compared to a $231 million loss in the same period last year

Fiat has beaten its forecasts by doubling its second-quarter trading profit. Profits rose to €651m from €310m a year ago, while revenues nudged up by 13% to €14.8bn. Fiat said it was likely to ask shareholders to approve the separation of its cars unit from its other wide-ranging business interests on 16 September

• Volkswagen CEO Martin Winterkorn claims that 3% of group sales will be electric cars by 2018

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