Peugeot upbeat on profit targets
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Peugeot Citroen unveils a rise in 2007 profits and says it is on track to double profitability by 2010.
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Ford Motor Co. said Tuesday that third-quarter results swung to a profit on strong financial services revenue and automotive sales to beat Wall Street expectations.
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Ford Motor Co.'s F.N European division   was on track to post a profit in 2006 for the third consecutive   year, Ford Europe Chief Executive John Fleming said on   Thursday.
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The new head of PSA Peugeot-CitroÃ«n, the French automaker, detailed a major turnaround plan to restore the companyâs sagging profitability, and said he hoped for results this year. âWeâre going to fight so that in 2007 we start climbing back up the slope as regards our earnings,â the new chief, Christian Streiff, left, told reporters before the annual shareholder meeting. The four-year recovery plan includes an effort to bring down costs, to bolster weak sales through the introduction of fresh vehicles, and to improve quality and customer service. Peugeot-CitroÃ«n recently announced a plan to reduce its work force in France by 4,800 employees this year, offering incentives to avoid forced layoffs.
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French wine and spirits producer Remy Cointreau said it was on track for profit growth after strong sales.
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Toyota Motor Corp.  posted a near-20 percent rise in quarterly profit on Tuesday on brisk sales in North America and Europe, and kept its forecasts for an eighth straight year of record earnings intact.
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Royal Mail says it returned to profit at the underlying level during its first half and that it beat 7 of its 15 performance targets in the latest quarter.
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Air France KLM on Thursday reported  second quarter operating earnings up 7.8 percent to 568 million  euros ($731 million) and hiked its merger synergy targets as it  remained confident on full-year earnings.
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Air France KLM on Thursday reported second quarter operating earnings up 7.8 percent to 568 million euros ($731 million) and hiked its merger synergy targets as it remained confident on full-year earnings.
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Saab Automobile AB expects to be profitable this year after cutting its loss to $5.9 million in 2003, its top executive says.
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German luxury car maker BMW is &amp;quot;on track&amp;quot; to meet its earnings targets for the current business year, according to chairman Helmut Panke.
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Reuters Group Plc RTR.L posted better  than expected full-year profits on Wednesday thanks to  disposals, cost cutting, improving sales and a return to profit  at electronic trading unit Instinet, which it may sell.
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PARIS, Nov 4  - European Aeronautic Defence and Space Company on Thursday raised its forecast for full-year earnings as it said net profit more than doubled in the first nine months of the year.
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Carmakers were in focus as European equity markets put in a steady performance on Friday, with Peugeot up on solid first half sales and Fiat benefitting from an upgrade.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.
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No-frills airline Ryanair posted a forecast-beating jump in half-year profit after its low fares drew in summer passengers and was surprisingly upbeat on the full year, boosting its shares.
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The companyâs strong quarterly results and optimistic outlook suggest that a weakening economy will not slow it down.