Archive for September, 2011
Guangzhou Auto Profit Drops
From Bloomberg: Guangzhou Automobile Group Co., the Chinese carmaker which assembles vehicles for Toyota Motor Corp. (7203) and Honda Motor Co., said first-half profit fell 26 percent after the March 11 earthquake in Japan hurt component shipments. Net income dropped to 1.72 billion yuan ($270 million), or 0.28 yuan a share, from 2.31 billion yuan, [...]
Dongfeng’s profit drops on quake woes
From Bloomber: Dongfeng Motor Group Co., the Chinese partner of Nissan Motor Co. and Honda Motor Co., posted a 10 percent decline in first-half profit as slowing demand and production disruptions after Japan’s earthquake hurt sales. Net income in the first six months fell to 5.9 billion yuan ($925 million), or 0.68 yuan per share, [...]
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