Year end sales report
Tata Motors Reports Consolidated Financial Results for the Year Ended March 31, 2008
May 28, 2008 -- Tata Motors today reported consolidated gross revenue of Rs. 40340.79 crores in 2007-08, a growth of 9.3% compared to Rs. 36922.61 crores in 2006-07.
The consolidated revenues (net of excise) at Rs. 35651.48 crores posted a growth of 10.2% over Rs. 32361.20 crores in the previous year. The Consolidated Profit before Tax (PBT) for the year was Rs. 3086.29 crores compared to Rs. 3088.00 crores. The Consolidated Profit after tax (PAT) for the year was Rs. 2167.70 crores, a marginal decrease over Rs. 2169.99 crores in the previous year.
Tata Motors has reported a Basic Earnings Per Share (EPS) of Rs. 56.24 for its consolidated operations as against Rs. 56.43 in 2006-07.
Tata Motors stand-alone financial results
Financial year ended March 31, 2008
Nissan Net Income Up 7.4% at 482.3 Billion Yen in FY2007
Nissan GT 2012 Mid-term Business Plan Unveiled
TOKYO, May 13, 2008 – Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2007, ending March 31, 2008, and filed the following results with the Tokyo Stock Exchange:
* Net revenues of 10.824 trillion yen (US $94.62 billion, euro 66.98 billion)
* Operating profit of 790.8 billion yen (US $6.91 billion, euro 4.89 billion)
* Ordinary profit of 766.4 billion yen (US $6.70 billion, euro 4.74 billion)
* Consolidated net income of 482.3 billion yen (US $4.22 billion, euro 2.98 billion)
* Operating profit margin of 7.3%
Mitsubishi Motors Announces FY2007 Full-year Results, FY2008 Forecasts
April 25, 2008, Tokyo -- Mitsubishi Motors Corporation (MMC) today announced its full-year results for the year ending March 31, 2008, together with forecasts for the year ending March 31, 2009.
1. Fiscal 2007 full-year result (¥1 = US $ 0.0096)
(1) Fiscal 2007 overviews
Mitsubishi Motors' consolidated sales for fiscal 2007 totaled 2 trillion 682.1 billion yen
($25.7 billion), a 22 percent increase of 479.2 billion yen ($4.60 billion) over the previous fiscal year. Factors behind the improved performance include a 10 percent growth in global retail sales over fiscal 2006, the commencement of OEM vehicle supplies to PSA Peugeot Citroen and favorable yen exchange rates.
Ford Motor Company Makes Solid Progress on Plan
$100 Million Net Income in First Quarter 2008 Preliminary Results
DEARBORN, Mich., April 24, 2008 – Ford Motor Company [NYSE: F] today reported net income of $100 million, or 5 cents per share, for the first quarter of 2008. This compares with a net loss of $282 million, or 15 cents per share, in the first quarter of 2007.
The 2008 operating data discussed herein exclude Jaguar Land Rover because it is held for sale. Jaguar Land Rover and Aston Martin data are, however, included in the 2007 data, except where otherwise noted. See tables following “Safe Harbor/Risk Factors” for the amounts attributable to Jaguar Land Rover and any necessary reconciliations to U.S. GAAP.
Mazda Motor Corporation Reports Fiscal Year 2007 Financial Results
Record profits with revenues and all profit levels increasing for the seventh consecutive year
HIROSHIMA, Japan — Mazda Motor Corporation today reported its financial results for fiscal year (FY) 2007 and announced its projections for FY2008.
FY2007 Consolidated Full Year Highlights:
* Global retail volume increases by nearly 5 percent to 1,363,000 units
* Consolidated sales revenue increases by 7 percent to a record 3,475.8 billion yen
* Consolidated operating profit up 2 percent reaching a record 162.1 billion yen
* Consolidated net income increases 25 percent to a best-ever 91.8 billion yen
FY2008 Projections Highlights:
* Global retail volume to reach 1.48 million units, a 9 percent increase
Tata Motors Posts Highest Ever Sales of 582,401 in 2007-08
Domestic sales of Commercial Vehicles (313,371), Passenger Vehicles (214,758)
1st April, 2008 -- Tata Motors reported a record sale of 582,401 vehicles (including exports) for the fiscal year 2007-08, its highest ever and a growth of 1% over 578,862 vehicles sold in 2006-07. Total sales (including exports) for the month of March 2008 were 66,495 nos., the company’s highest ever monthly sales and an increase of 6% over 62,779 nos. sold in March 2007.
Commercial Vehicles
Bentley Motors Follows 2007 Sales Success with Record Profitability
Volume, turnover and operating profit all achieve new highs
Crewe, 13 March, 2008 -- Bentley Motors has announced its financial results for the year ending 31 December 2007, reporting record revenue and operating profit. For the calendar year, Bentley increased its net revenue by €36m or 2.7% compared with 2006, to set a new record of €1.37bn. Operating profit increased by €18m or 13.1% to a new operating profit record of €155m.
Volkswagen Reports Record Deliveries, Sales Revenue and Profit in 2007
- 9.5 Percent return on investment exceeds target
- Further profitable growth expected for 2008
Wolfsburg, 13 March 2008 - The Volkswagen Group reached new records for deliveries, sales revenue and profit last year. “For the Volkswagen Group, 2007 was by far the most successful year in the Company’s history,” said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, at the presentation of the Company’s 2007 financial results in Wolfsburg on Thursday. “We have impressively demonstrated the unique potential that this Company has to offer. This is also reflected in very concrete form in our key figures.”
Volkswagen Records Record Profit of EUR 6.5 Billion in 2007
Its Highest Profit Before Tax In The History Of The Company
Wolfsburg, 29 February 2008 -- Volkswagen AG today announced in an Ad-hoc-Release its key figures for 2007.
Volkswagen presents 2007 consolidated financial statements:
- At EUR 6.5 billion, the Volkswagen Group recorded the highest profit before tax in the history of the Company; considerably higher than the target of at least EUR 5.1 billion originally planned for 2008
- Operating profit of EUR 6.2 billion increased by 40.3 percent compared with the previous year’s operating profit before special items, and more than three times higher after special items
- The Board of Management and Supervisory Board are proposing an increase in dividends for Volkswagen shareholders to EUR 1.80 per ordinary share
Volvo Car Corporation Announces All-Time-High Sales Record of 458,323 Cars Sold Worldwide in 2007
Feb 20, 2008 -- With worldwide sales totalling 458,323 cars, Volvo Cars increased its total global sales by 7.4 percent compared with 2006 - a record-breaking result. The old record was set in 2004 when Volvo Cars sold 456,244 units. The biggest volume increase was achieved in Northern Europe, Russia and China.
Highlights:
* Global sales totalled 458,323 cars - a Volvo all-time-high
* Volvo Cars sales in Asia increased by 50 percent on average
* Volvo Cars sales in Europe increased 9.0 percent
* All-new Volvo V70 and Volvo XC70 world premiere at Geneva Motor Show
* Volvo ReCharge Concept unveiled at the Frankfurt Motor Show
* Volvo Cars introduced in India
* Russia has become Volvo Cars' fifth biggest market
Great Wall Pickup, GW SUV Again Ranked No. 1 in Terms of Sales Volume
18.02.2008 -- In 2007, Great Wall Motors (GWM) obtained great achievements, which approved by the domestic auto industry at large. GW SUV became the sales champion at home with its 64,000 units of sales volume in the same field. In pickup line, GW pickup was the best seller with 54,000 units of sales volume.
Michelin Net Income Up 35% Year-On-Year to Euro 772 Million
2007 RESULTS: More Than Eur 430 Million Free Cash Flow, Sharply Up Versus 2006
02/15/2008 -- Michelin announces a significantly improved 2007 operating margin before non-recurring items, up 1.6 point at 9.8%. (1)
Highlights:
- Sustained sales volume growth: + 3.2%,
- Significant restructuring charges: EUR 326 million,
- Gearing down substantially: posting a 19-point improvement at 70%,
- A 10.3% dividend increase to EUR 1.60 per share will be recommended to the Annual Shareholders Meeting on May 16, 2008.
(1) 10.2% excluding EUR 74 million one-off expenses in connection with application of the new French Social Security Law (loi de financement de la Sécurité Sociale) 2008 relative to end-of-career compensation, voted in December 2007.
Source:Michelin
Visteon Announces Q4 and Full-Year 2007 Results
VAN BUREN TOWNSHIP, Mich., Feb. 14, 2008 — Visteon Corporation (NYSE:VC) today announced fourth quarter and full-year 2007 results. For fourth quarter 2007, Visteon reported a net loss of $43 million, or $0.33 per share, on sales from continuing operations of $2.9 billion. The fourth quarter net loss includes $30 million of non-cash asset impairments and $32 million of restructuring expenses that were not eligible for reimbursement from the escrow account. For fourth quarter 2006, Visteon reported a net loss of $39 million on sales from continuing operations of $2.8 billion. EBIT-R, as defined below, for fourth quarter 2007 was $15 million, an improvement of $52 million over the same period of 2006.
Highlights:
* Operating results and cash flow exceed guidance
Daimler FY 2007: Group EBIT of €8.7 billion (2006: €5.0 billion)
Net profit of €4.0 billion (2006: €3.8 billion); Earnings per share of €3.83 (2006: €3.66)
Stuttgart -- Feb 14, 2008 -- Daimler AG (stock abbreviation DAI) today presented its preliminary and unaudited figures for the Group and the divisions for the 2007 financial year.
Daimler achieved EBIT of €8,710 million in 2007 (2006: €4,992 million), surpassing the earnings target of at least €8.5 billion that had previously been announced for the year 2007.
General Motors Reports Preliminary 2007 Financial Results
2007 adjusted net loss of $23 million, reported net loss of $38.7 billion
2008-02-12, DETROIT – Corp. (NYSE: GM) today announced a 2007 calendar-year adjusted net loss, excluding special items, of $23 million, or $.04 per diluted share. This compares to adjusted net income of $2.2 billion, or $3.84 per diluted share in 2006, as significantly improved automotive performance was offset by large losses at GMAC. Including special items, the company reported a loss of $38.7 billion, or $68.45 per diluted share, compared to a reported loss of $2 billion, or $3.50 per diluted share in 2006. The loss is almost entirely attributable to the non-cash $38.3 billion special charge in the third quarter related to the valuation allowance against deferred tax assets.
Highlights:
Retail Demand Drives Ford to New Year Sales Success in UK
BRENTWOOD, Essex, 6 February, 2008 – Ford's new product onslaught attracted more private new car buyers last month – boosting retail sales by 20 per cent compared with January 2007.
Highlights:
● 20 per cent more private customers are buying Ford cars
● Market leader Ford ends first month of the year ahead by almost 5,000 cars
● New version of top selling Ford Focus now on sale
● Transit drives Ford medium commercial vehicle sales up by over eight per cent
The refreshed range of blue oval cars, including the acclaimed new Ford Mondeo launched last year, won over more than 10,000 private customers last month. The balance of Ford's January business, to corporate car buyers, accounted for 16,480 car registrations.
Ford of Europe Flexifuel Sales Up 60 Per Cent
COLOGNE, February 7, 2008 – Ford of Europe sold 17,500 bio-ethanol powered Flexifuel vehicles across Europe last year. This marks an increase of 60 per cent compared to the previous year and a sales record. In January, Ford had announced a sales record for 2007 across its entire European vehicle range (including Flexifuel), with a 5.4 per cent (93,500 units) increase to 1,833,600 units vs 2006.
Highlights:
* 17.500 Ford Flexifuel vehicles sold across Europe
* Record sales underpin Ford's leading market position
* Renewable energy powered Flexifuel range to be extended in early 2008
* Part of Ford's broad range of affordable low-CO2 vehicle solutions
Mitsubishi Motors Announces 3Q FY2007 Financial Results, Full-year Forecasts
Tokyo, February 5, 2008 — Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first nine months of the fiscal year ending March 31, 2008 and its full-year forecasts.
[ Consolidated Summary (PDF: 1page 70KB) ]
[ Financial Statements (PDF: 12pages 65KB) ]
[ Presentation slides (PDF: 15pages 185KB) ]
1. 3Q FY2007 results
(1) Performance overview
Cummins Reports 4th Consecutive Year of Record Sales, Profits
Cummins Forecasts Accelerating EBIT Growth in 2008
Feb. 1, 2008, COLUMBUS, IND. – Cummins Inc. (NYSE: CMI) today released results for 2007, completing a year of record sales and earnings - the fourth straight year of record financial performance for the Company. Cummins’ sales rose 15 percent to $13.05 billion, from $11.36 billion in 2006.
Net income rose to $739 million, or $3.70 cents a share, a 3 percent increase compared to $715 million, or $3.55 a share, in 2006. Earnings Before Interest and Taxes (EBIT) of $1.23 billion, or 9.4 percent of sales, represent a 4 percent increase from 2006 when the Company earned $1.18 billion, or 10.4 percent of sales.


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