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Tag Archives: quarter

CarMax Earnings Zoom as Sales Increase

$1.83 billion in the fiscal first quarter of last year. The nation’s largest seller of used cars said comparable-store used unit sales increased 9% for the quarter, while total used unit sales also rose 9% in the first quarter. Separately, Standard &

Digest: Demand for imports helps widen trade deficit

fourth quarter of last year, the Commerce Department said Thursday. — Associated Press AUTOMOTIVE In survey, U.S. cars beat foreign brands U.S. automakers have surpassed foreign brands for the first time in a survey that measures the quality of new

Audi’s 1Q revenues rise 23.3%

BERLIN: Audi AG, the maker of luxury cars including the TT, A5 and A8, says its first-quarter operating profit and revenues have risen on demand in the U.S., China and parts of Europe. The company, a unit

Automaker Audi’s 1Q revenues rise 23.3 percent

Audi AG, the maker of luxury cars including the TT, A5 and A8, says its first-quarter operating profit and revenues have risen on demand in the U.S., China and parts of Europe. The company, a unit

China driving growth of luxury auto market

increasingly becoming the engine of our industry,’ said Dieter Zetsche, CEO of Daimler AG. Sales of its Mercedes-Benz cars in China soared 112 percent in the first quarter of this year to 23,600 vehicles. Volkswagen AG’s Audi unit, BMW AG’s Rolls Royce,

Daimler reports pretax profit for Q1

Stuttgart-based company said Monday that its first-quarter performance was bolstered by “very solid results” from its core Mercedes-Benz Cars unit. In last year’s first quarter, it had a loss before earnings and taxes of euro1.4 billion. The company

Canada’s current account deficit gap narrows on exports

to pay down its record-large fiscal deficit. Exports rebounded in the quarter, led by crude oil and passenger cars. Sales to Canada’s top trade partner, the United States, resulted in a goods surplus after two quarters of deficits. Imports of goods also

Jaguar Reports First Profit Since Takeover by Tata…

since being bought by Indias Tata Motors Ltd. in 2008 after shedding staff and boosting sales of luxury cars amid an economic recovery. The British carmaker made a profit of 4.17 billion rupees ($90 million) in the quarter ended December compared with a

Jaguar Land Rover Reports First Profit Since Takeover…

first quarterly profit since being bought by Tata Motors Ltd. after shedding staff and boosting sales of luxury cars amid an economic revival. The carmaker made a profit of 4.17 billion rupees ($90 million) in the quarter ended December compared with a

Nissan returns to profit thanks to China sales

Kiyoshi Ota/ While its rival Toyota struggles to contain the fallout from the recall of millions of defective cars, Nissan today reported a return to profit in the last quarter and said it expected to end the full year in the black thanks to strong sales