Porsche Predicts Continued Strong Profits
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German luxury automaker Porsche AG expects continued strong profits in its fiscal year ending July 31 despite the potential burden of the strong euro on U.S. sales, company executives said Wednesday.
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German sports car maker Porsche  (PSHG_p.DE) aims to raise its stake in German car maker  Volkswagen (VW)  to 51 percent, the German current  affairs weekly Der Spiegel reported.
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Porsche, the German maker of luxury sports cars, said that the popularity of its Cayenne sports utility vehicle enabled it to brave the difficult economic environment and steer profits to record levels in the 12 months to July.
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Toyota's reports a strong rise in quarterly profits despite sales being stagnant in its home market.
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Blog: Porsche offers more details to shareholders, while more photos pop up on blogs.
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German carmaker Daimler AG generated third-quarter earnings before interest and tax (EBIT) of 1.89 billion euros ($2.69 billion), just ahead of market expectations, as profits continued to rebound at its Mercedes-Benz Cars division.
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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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PARIS Japanese automakers are continuing their steady gains in the European auto market, industry executives said here Thursday, with Toyota and Honda predicting significant increases in sales this year and next, despite heated price competition and
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LONDON, October 28  - German automotive giant, DaimlerChrysler AG (DCX.ETR), reported robust profit growth for 3Q04, boosted by improved sales results at its Chrysler division in the US.
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DaimlerChrysler AG posted a $1.18 billion profit for the third quarter as sales climbed 2 percent to $43.1 billion. However, the German-American automaker also disclosed that the Mercedes-Benz Group faces tough sledding in months to come.
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Net income for the second quarter climbed on solid sales of smaller, fuel-efficient vehicles and cost-cutting efforts.
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Toyota Motor Corp. (7203.T), the world's  most profitable car maker, posted a better-than-expected 26.5  percent rise in quarterly operating profit as sales charged  ahead in North America and Europe, and kept its forecast for  another year of record earnings.
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Northern Rock&#39;s full-year profit will at least meet analysts&#39; expectations as the mortgage bank continues to pile on business despite the slowing housing market.
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The companyâs strong quarterly results and optimistic outlook suggest that a weakening economy will not slow it down.
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SYDNEY: BHP Billiton sees continuing strong demand for its products despite China&#39;s attempts to slow economic growth, putting it in a strong position to increase earnings after a record US$3.51bil net profit for the June year, up from the previous year&#39;s ...
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Air France KLM posted stronger than expected second-quarter operating profits on Wednesday and maintained its sights on full-year growth despite the strain on its fuel bill from escalating oil prices.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives and Fiat SpA&#39;s loss widened.