GM is making a profit in North America but losses in Europe

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GM is making a profit in North America but losses in Europe
- General-Motors has achieved  a net profitof $ 1.5 billion in the third quarter of 2012 ,down 12% due to poor results in Europe. Its
  revenue rose by 2.4% to $ 37.6 billion.
- For the European branch Opel / Vauxhall, the Group plans a loss of 1.5 to 1.8 billion this year.
   This situation makes the position of this division more sensitive, and gives more depth to a project of alliance with PSA.
- General Motors said that a total of 2,300 jobs were lost in its European division since early 2012, mostly through retirements or
    transactions, and another 300 were expected to be lost  in addition by the end of year. 
    In 2013, further job cuts could occur depending on the market demand. General-Motors also said that it expects to face in Europe an a
    very difficult environment in the last quarter of the year.

 

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European market: still on a decreasing trend

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European market: still on a decreasing trend

-European market relating to 27 countries fell by 5.1% in October down to 994,582 units.

  Same market recorded a 7.1 % decrease over the last 10 months (cumulative data), down to 10 699 143 units.

-The western part (ex-Europe 17 countries) fell by 5.4% in October to 928,585 units, marking a lighter decrease than over the previous

  three months. Same market recorded a 7.4 % decrease for the last aggregated 10 months, down to 10,054,509 units.

  Regarding the eastern part (ex-Eastern Europe), one can observe that the market  remained quasi-stable in October (-0.1% compared to October 2011) to 65,997 units. Over the last ten months, the eastern part decreases only by 2.8% down to 644,634 units.

-Poor performances are to be noted for most carmakers over last 10 months (cumulative data):

  Toyota Group (-0.5%), Daimler (-1.9%), BMW Group (-2.0%), VW Group (-2.2%), Geely Group (-9.9%), Ford Group (-12.1%), PSA (-12.4%),

  GM Group(-12.8%), Renault-Nissan (-14.6%) and Fiat-Chrysler Group (-16.0%).

  Only two manufacturers manage a breakthrough: Hyundai-Kia Group (+12.9%) and Tata Group (+29.7%).

 


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Overview of the three manufacturers GM, Ford, Chrysler-Fiat

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Overview of the three manufacturers GM, Ford, Chrysler-Fiat

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Chrysler makes profits but Fiat losses

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Chrysler makes profits but Fiat losses
-Fiat-Chrysler Group has presented its quarterly results this week: with the Chrysler Group, which it acquired nearly 60% since 2009, the Italian manufacturer has almost doubled its profit to 362 million euros in the third quarter of 2012 compared to the same period in 2011. But without the U.S. group, it posted a loss of 230 million euros.
-If Chrysler is in good shape, Fiat is pretty bad. Its turnover in nine months fell by 6%, while Chrysler has progressed well. The results remind  the situation of General Motors and Ford that record profits in North America, but losses in Europe.

 

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Renault will produce all its utility vehicles in France from 2013

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Renault will produce all its utility vehicles in France from 2013

- From 2013, Renault will produce all its utility vehicles in France.
- Traffic is currently manufactured in Spain (Barcelona) and the UK (Luton).
From 2013, it will  be again assembled in France, but this time at Sandouville plant (by the side of  Opel Vivaro) and not any more at  Batilly plant.
- Currently, only two utility models are produced in France: Kangoo(by the side of Mercedes Citan) in the MCA plant in Maubeuge and Master (by the side of Opel Movano) in the Batilly plant.

 

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  1. Land Rover plans to produce 600,000 vehicles a year by 2020
  2. Ford is making a profit in North America but losses in Europe
  3. Chery plans to produce cars in Brazil from the end of 2013
  4. Fiat is reorganizing its brands
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