Optimism sweeps UK car industry
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The proportion of UK auto firms that believe moving production to low-cost countries is needed has fallen, an SMMT survey shows.
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New car registrations in Europe rose 1.1 percent in January on a 12-month comparison, led by strong sales in Britain and Italy, the European automobile association ACEA has said.
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The British-based bank delivers an upbeat outlook and modest writedowns.
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The automaker predicts better profits in 2005.
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UK factories enjoyed a strong upturn in new orders over the summer, but high oil prices are weighing on the service sector, surveys suggest.
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Optimism amongst executives in Britain&#39;s service sector soured in early August on rising interest rates and soaring oil prices, a Confederation of British Industry report says.
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Skoda Auto, the Czech Republic's biggest car producer, boosted first-half net profit by 62.3 percent to 6.4 billion koruna (224.7 million euros, 287.2 million dollars).
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NEW YORK - It doesn&#39;t look like Britannia will again rule the waves anytime soon. In the World Economic Forum&#39;s Global Competitiveness Report, the UK&#39;s business environment rose four places to 11th this year, ahead of Germany at 13 and France at 27.
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More UK manufacturers are seeing a rise in output and orders than at any time in 11 years, a report says.
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Surprising strength in the nation's service economy, coupled with recent data showing the manufacturing sector is humming along, suggest the broader economy may be shaking off slumps in the housing and automotive industries.
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The British motor sport industry has the âopportunity to further enhance its reputation as a world leaderâ after the future of the British Grand Prix at Silverstone was secured.
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The nation's two biggest automakers, General Motors Corp. and Ford Motor Co. , reported soft sales in January while DaimlerChrysler AG's Chrysler Group and Japan's Toyota and Nissan reported healthy gains in their US sales.
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This year&#39;s Frankfurt motor show saw the world&#39;s biggest car makers focused on smaller, more affordable models and turning more attention to emerging markets where demand was expected to surge.
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Britain's manufacturing output rose during 2006, official figures have shown, representing the best performance since 2004.
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A recovery in the economy later this year will keep U.S. vehicle sales from plunging as deeply as the most bearish forecasts suggest, according to an outlook released on Sunday by the group representing U.S. auto dealers.
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Japanese carmaker Nissan reports its first quarterly profit in more than a year, boosted by new models.
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Retailers scored solid sales and factories saw orders pick up, hopeful signs the economy isn't cracking under the pressure of high energy prices.