Category: BRIC

By on January 28, 2016

2016 NAIAS Ford Stand

Ford announced Thursday that it had earned a record pre-tax profit of $10.8 billion for 2015 — including $2 billion in the fourth quarter — bolstered by pickup sales in the U.S. and strong growth in China.

The record-setting year for the automaker wasn’t much of a surprise — second- and third-quarter results set records along the way — but Ford’s ability to finally turn a profit in Europe may be the most unexpected news. The automaker had lost money in Europe since 2011.

Latin America, notably Brazil, will continue to be a sore spot for Ford and other automakers. Ford said Thursday it expects to lose more money there in 2016 than the $832 million it lost there in 2015.

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By on January 26, 2016

Jeep-Renegade-19

On Wednesday, Fiat Chrysler Automobiles CEO Sergio Marchionne will update investors on his long-term plans and fourth-quarter profits — namely, how many Jeeps it sold — during his scheduled earnings conference call.

It’s widely expected that Sergio will address the near-certainty that Jeep will build a pickup based on the Wrangler, as well as the future for the Jeep Compass that’ll likely survive from the Patriot/Compass twin billing, and Jeep’s potential to keep afloat fledgling FCA brands such as Maserati and Alfa Romeo.

Analysts say FCA’s ambitious target of $5 billion profit by 2018 would be almost unattainable at this point.

“‘Ambitious’ is not really an adequate word to describe it, ‘fantasyland’ might be more appropriate,” Bernstein’s Max Warburton told Automotive News.

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By on April 4, 2014

Senova BAIC C10

Looking to expand its global presence beyond its native China, Beijing Automotive Group announced they would like to acquire a “mid to high-level brand” in either Europe or the United States, and already has a list of potential brands in mind.

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By on April 3, 2014

Ford-Sollers-Vsevolozhsk-plant

Two plants in Ford’s joint venture with Russian manufacturer OAO Sollers will experience job cuts as a result of a weakening ruble and decreasing demand by customers in the local market.

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By on March 14, 2014

Datsun_1519061g

Following its global grand opening in India, Nissan’s low-cost Datsun brand will open its doors to the Russian market April 4 in Moscow.

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By on February 7, 2014

2014 Peugeot 508

With PSA Peugeot Citroen’s supervisory board’s blessing, CEO Philippe Varin is continuing talks with partner Dongfeng regarding the stock sale to both the Chinese automaker and the French government.

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By on February 6, 2014

Datsun redi-GO Concept

Just in time for the 2014 Delhi Motor Show — where the above Datsun Redi-Go concept made its debut this weekRenault-Nissan launches production of the revived brand’s Go subcompact at their plant in Chennai, India.

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By on February 4, 2014

BJ1A0145

Debuting their first new cars in four years, Tata took the wraps off the Bolt and Zest subcompacts, which are designed specifically to sneak in under four meters in length, to get around vehicle taxation schemes.

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By on February 3, 2014

Ford-Figo-Compact-Sedan

Our friends at Motorbeam in India snagged these live shots of the Ford Figo, aka the sedan version of the next Ford Ka and EcoSport. Designed as a world car to be sold in BRIC markets, the Figo is officially a concept, but is as production ready as a concept gets. For more, check out Motorbeam editor (and TTAC contributor) Faisal Ali Khan’s take on the Figo.

 

By on January 27, 2014

newkafront

The rumors have it that the new Ford Ka will be on sale as of March this year. Production of the old Ka has come to a close as the Zetec Rocam engines have also been terminated (and thus the old Brazil-market Fiesta is probably dead as well). At launch, the new Ka will come exclusively with a 1.5 Sigma engine and a 1.0, three cylinder, EcoBoost-based engine. Rumors have it that it will be the most powerful 1.0 engine in Brazil and will thus have to provide around 82 ponies.

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