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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. ...

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 ...

Renault this week is inaugurating 400,000 square meters (equal to 60 soccer pitches) of photovoltaic panels, making the system the world’s largest in the automotive industry. The panels are located at six covered, ISO 14001-certified sites – Douai, Maubeuge, Flins, Batilly, Sandouville and Cléon – in delivery and shipping centers ...

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 ...

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), ...

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 ...

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). ...

The BMW Group performed well in an increasingly difficult environment. Economic growth slowed in key markets in the third quarter of 2012, especially in Europe. At the same time, volatility has increased and is likely to intensify further. After the first nine months, sales in Europe are slightly higher year-on-year. ...

We at the BMW Group have set ambitious targets. And we will pursue these targets with determination – also in a volatile environment. Today, I would like to begin my remarks with a brief personal assessment of the current situation. On the one hand, there are positive factors: We are ...

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 ...