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AUTOMAKERS NEWS * WORLDWIDE
* UK - Vehicle output rises 12% in first half
London,EN,UK -SMMT AUTOMOTIVE MANUFACTURING (PR) -July 19, 2012: -- Car manufacturing in the UK rose 14.1% in the first half of the year, and was stable in June, dipping just 0.7%, the Society of Motor Manufacturers and Traders (SMMT) reported on 19 July... Car manufacturing rose 14.1% in the first half of the year, and was stable in June, dipping just 0.7%... Commercial vehicle output fell 8.7% during the first half of 2012 and 19.7% in the month... UK engine production was up 0.5% over the first six months, but fell 15.1%.in June... Said Paul Everitt, SMMT Chief Executive: “The £5.8 billion investment committed to UK in the last two years provides long-term growth opportunities, but weakness in European demand may make the next few months a little bumpy” ... * China - Dongfeng Automobile forecasts big profit slide
Beijing,China -China Economic Net -12 July 2012: -- Dongfeng Automobile Co. said Thursday its first-half profits are expected to fall dramatically due to sliding sales... In a statement the Wuhan-based automaker forecast a 60-70 percent drop in its first-half profits as sales of heavy trucks, engines and light trucks all dipped from one year earlier. The carmaker's profits stood at 294.52 million yuan (46.75 million U.S. dollars) in the first half of 2011... Dongfeng is not the only automaker that has reported falling first-half sales. Beiqi Foton Motor Co., a leading commercial vehicle manufacturer, said earlier this month that its heavy truck sales plunged by 31.4 percent year-on-year in the first half, while light truck sales edged up just 2 percent. Anhui Jianghuai Automobile Co. said Monday that its first-half sales dipped 16 percent year-on-year, dragging profits down by 37.3 percent from one year earlier to 313 million yuan... Analysts said domestic automakers, especially commercial vehicle manufacturers and auto parts makers, will likely have a bumpy 2012 due to the slowing economy, the removal of subsidies and tighter rules on new car registration...
Labels: automakers news worldwide
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