Five nuggets we unearthed in the car makers' H1 2015 results - CAR Magazine
1) PSA moves to profit, surprises analysts PSA Peugeot Citroen posted its first profit for four years this week, as it recorded a €571 million net income in the first half of 2015, reversing a €114m loss the previous year. New CEO Carlos Tavares is clearly working magic at the French company, but warns that conditions were favourable this year and that tougher times lie ahead. Volkswagen overtook Toyota to become the world’s largest manufacturer in the first half of 2015, selling 5. 04m vehicles, just shading the Japanese maker’s 5. 02m. It means that VW has fulfilled its mission to become the world’s no. 1 by 2018 -... 3) Ford announced its best quarter for 15 years Rising demand for pick-up trucks in the home US market took Ford to new highs, as its pre-tax profits jumped 10% to $2. 9 billion in the quarter - and CEO Mark Fields predicted the second half would... 4) China’s car market has put the brakes on Volkswagen CEO Martin Winterkorn warned that there were serious ‘uncertainties’ in China and the company expects sales to fall from 2014’s 3. 7m. It was a message repeated at car makers around the. Source: www.carmagazine.co.uk
