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Archive | Industry Analysis 2009

As ACEA Cries Foul, Hyundai, Kia Report Spectacular Profits

E.U./Korea Free Trade Agreement Must Be Changed Says ACEA No Reciprocity With South Korean Market As Europe’s car manufacturers protested easing the taxes on South Korean imports, Hyundai announced spectacular global profits, with more to come. The European Commission has signed a free-trade agreement with South Korea, and the European Car Makers Association (ACEA) has […]

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Fiat’s Results Impress, But Doubts Remain On 2010, Chrysler

Marchionne To Unveil 5-Year Plan For Fiat On November 4 “U.S. patient is suffering from ugly cash-burn” Fiat’s latest results pleased investors, but they are divided on the likely long-term impact of the relationship with Chrysler. In the 3rd quarter, Fiat Auto reported a trading profit of €155 million, the same as in the 2nd quarter, and […]

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Peugeot Loses More In 3rd Quarter As Rivals Return To Profit

Investors Expect Action From Varin At November 12 Meeting Solid Profitability Not Expected Until Second Half Of 2010 “Eurocentricity”, Capacity Use, Faurecia Need Sorting Peugeot-Citroen disappointed investors with its third quarter performance, and the consensus remains that it will lose more than €1 billion in 2009. Peugeot sales in the 3rd quarter “only” declined by 7.7 […]

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New Cafe Rules Might Hit German Profits; Force Mergers

Fines Will Be Too Big, So Expect Premium Makers’ Mix To Suffer BMW, Mercedes Might Be Forced To Into Predator Hands New, uncompromising U.S. CAFE rules aimed at cutting automobile fuel consumption might savage German premium manufacturers’ profits so badly they might eventually be forced to merge with mass car makers, according to Bernstein Research. […]

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Aggravation Surrounding Opel-Magna Deal Refuses To Die

After months of jawboning, the Opel-Magna deal was agreed in principle, but it didn’t take long for voices off to start shouting it down. Unions in Britain, Belgium and Spain moaned that they were losing proportionately more jobs than the Germans, hardly surprising given the previous German government’s huge financial contribution. But perhaps too late, […]

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