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Author Archives: AutomotiveWorld

EB, Elektrobit Corporation, Interim Report January-September 2012

SUMMARY JULY – SEPTEMBER 2012 Net sales of the third quarter grew to EUR 47.0 million (EUR 37.0 million, 3Q 2011), representing an increase of 27.0 % year-on-year. Net sales of Automotive Business Segment grew to EUR 30.2 million (EUR 23.9 million, 3Q 2011), representing a 26.5 % growth year-on-year. ...

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Notice Regarding Filing for Chapter 11 Reorganization by American Suzuki Motor Corporation

Suzuki badge

American Suzuki Motor Corporation (“ASMC”), a subsidiary of Suzuki Motor Corporation (“SMC”) which distributes automobiles, motorcycles, ATVs, marine products and related parts/accessories in the United States (excluding Hawaii), resolved, during its Board of Directors meeting held on November 5, 2012 (local time), to commence a reorganization proceeding under Chapter 11 ...

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Renault’s market area France evolves to adapt to the current and future market

Renault Group

Effective on January 1, 2013, Renault’s Network Area France (DRF) will split into two entities: – Network Sales and Quality (DVQR), tasked with coordinating network performance on a daily basis, all activities combined, through Regional Departments. This organizational structure will enable a more global approach to dealerships at each Regional ...

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Nissan Reports First Half FY12 Financial Results

Nissan Motor Company

Nissan Motor Co., Ltd., today announced financial results for the first half of the fiscal year ending March 31, 2013, as well earnings for the second quarter FY12. For the six-month period to September 30, Nissan achieved consolidated net revenues of 4.5468 trillion yen (US $57.26 billion, euro 45.24 billion), ...

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Mercedes-Benz Starts with Record Sales into the Fourth Quarter

Mercedes-Benz

Following up on the record sales in the first three quarters, Mercedes-Benz posted a new sales record in October as well. With 109,632 vehicles delivered, the record of the same month in the previous year was topped by 6.0%. Thus, the brand has sold 1,074,558 vehicles (+5.1%) since the beginning ...

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BMW Group achieves strong third quarter

BMW Group

The BMW Group continued to perform successfully during the period under report despite difficult market conditions. Sales volume, revenues and earnings figures all constituted new highs to date for a third quarter. Revenues during the three-month period from July to September rose by 13.7% to € 18,817 million (2011: € 16,547 million). ...

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GM Announces New $11 Billion Revolving Credit Facility

General Motors

General Motors Co. today announced a new $11 billion revolving credit facility consisting of a $5.5 billion three-year facility and a $5.5 billion five-year facility.  The new facility replaces GM’s existing $5.0 billion credit facility maturing in 2015. “The new revolver provides a significant source of backup liquidity and financial ...

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