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BMW’s second-quarter profit climbed 7.9 percent as the automaker kept a tight hold on costs to offset a reliance on less-expensive vehicles such as the X1 compact SUV to boost sales.Earnings before interest and tax rose to 2.73 billion euros ($3.05 billion) from 2.53 billion euros last year.
Toyota Motor Corp. said operating profit in the latest quarter fell 15 percent to 642 billion yen ($6.33 billion) as a strong yen weighed on earnings. Net income in the three months through June dropped to 552.47 billion yen, the automaker said today. Revenue fell to 6.59 trillion yen.
Worldwide growth in car deliveries and robust key financials: Since the beginning of the year, the Audi Group has delivered more than 950,000 automobiles of the Audi brand and increased its revenue to €30.1 billion.
ŠKODA’s growth continues in the first half of 2016: Between January and June, deliveries to customers worldwide increased 4.6% to 569,400 vehicles (first half of 2015: 544,300). This is a new ŠKODA sales record for the first half of a year.
General Motors reported its first quarterly profit in Europe in five years on Thursday, but the automaker warned that currency and market disruptions caused by the UK’s decision to quit the European Union could slash millions from its second-half results in the region.
Audi’s global vehicle sales rose 6.7 percent to 164,150 last month, boosted by gains in Europe and China and increased demand for its SUVs.
Falling vehicle sales, rising costs and foreign exchange rate losses pushed profits lower at Toyota Motor Corp. in the latest quarter, even though the slowdown wasn’t enough to derail the carmaker from achieving a third year of record earnings.
Volvo Cars swung to a profit in the first quarter as its new XC90 helped the automaker reach a level more in line with bigger rivals.
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