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German automaker sees 2010 pretax profit to rise more sharply than previously forecast, with sales advancing by around 10 percent to more than 1.4 million units, compared with its previous forecast for a single-digit increase.

Tags: Bmw, Bmw Auto, Earnings, German Automaker, Outlook, Pretax Profit

With leasing and the availability of credit still wild cards in the outlook for 2010 vehicle sales, Automotive News asked a roundtable of lenders how they see the market shaping up next year.

Tags: Ahead, Automotive News, Credit Cards, Credit Crisis, Leasing, Lenders, Outlook, Roundtable, Wild Cards

Toyota reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.

Tags: Cost Cutting, Japanese Rivals, Outlook, Quarterly Profit, Surprise, Surprises, Toyota

Nissan Motor Co., Japan’s third-largest automaker, revised its annual outlook to a profit from a loss today as soaring sales in China helped drive quarterly earnings beyond the market’s expectations.

Tags: China, Co Japan, Japan, Largest Automaker, Nissan, Nissan Japan, Nissan Motor, Nissan Motor Co, Outlook, Profitable Quarter, Quarterly Earnings, Soaring Sales

BMW AG gave a tepid outlook for the markets and predicted the euro would stay strong after third-quarter earnings before interest and tax (EBIT) shrank 86 percent to 55 million euros (about $80.5 million) amid a global economic slump.

Tags: 5 Million, Bmw, Bmw Ag, Ebit, Economic Slump, EUR, Euros, Market Rebound, Outlook, Q3, Quarter Earnings, USD

Ford Motor Co. is expected to post a narrower quarterly loss with support from the U.S. government “cash for clunkers” program, but the focus will be on the outlook for the U.S. economy and auto industry sales.

Tags: Auto Industry, Economy, Focus Ford, Ford, Ford Focus, Ford Motor, Ford Motor Co., Government Cash, Government Program, Outlook, Quarterly Loss, U.S. government, United States

Ford Motor Co. is expected to post a narrower quarterly loss with support from the U.S. government “cash for clunkers” program, but the focus will be on the outlook for the U.S. economy and auto industry sales.

Tags: Auto Industry, Economy, Ford, Ford Focus, Ford Motor, Ford Motor Co., Government Cash, Government Program, Outlook, Quarterly Loss, U.S. government, United States

Mazda Motor Corp. posted its first quarterly profit in a year and lifted its full-year guidance to call for a slightly smaller operating loss, citing better sales and currency rates than it had anticipated. Domestic rival Mitsubishi Motors Corp.

Tags: Currency Rates, Guidance, Mazda, Mazda Motor, Mazda Motor Corp., Mitsubishi, Mitsubishi Motors, Mitsubishi Motors Corp, Outlook, Quarterly Profit

Demand for U.S. auto parts makers’ business will likely improve next year, Moody’s Investors Service said today, changing its outlook rating from and#8220;negativeand#8221; to and#8220;stable.and#8221;

Tags: Auto Makers, Auto Parts, Auto Supplier, Moody S Investors Service, Outlook, U S Auto

Daimler AG painted a bleak picture for auto and commercial vehicle markets in 2010 as a hangover from global recession continues to weigh on the maker of Mercedes-Benz cars.

Tags: Daimler Ag, Global Recession, Hangover, Mercedes Benz, Mercedes Benz Cars, Outlook, Vehicle Markets

European auto suppliers posted upbeat third-quarter results today as the effect of government stimulus schemes took hold, but shares wilted on a sense of growing uncertainty about prospects in 2010.

Tags: Auto Suppliers, European Auto, Outlook, Prospects, Q3, Stimulus, Third Quarter Results, Uncertainty

French supplier Faurecia said it was optimistic about the second half after improving its forecasts today despite posting a 21 percent drop in third-quarter sales.

Tags: Faurecia, French Supplier, Outlook, Q3, Quarter Sales, Second Half

Sirius XM Radio Inc. said today it posted higher quarterly revenue, despite a reduction in subscribers, and raised its income outlook, citing cost cuts and a potential rebound in automobile sales.

Tags: Automobile Sales, Outlook, Quarterly Revenue, Radio Inc., Rebound, Sirius Radio, Sirius XM Radio Inc., Subscribers, USD, Xm Radio

Aggressive cost cuts and inventory adjustments helped Toyota Motor Corp.

Tags: Earnings, Inventory Adjustments, Losses, Outlook, Reins, Toyota, Toyota Motor, Toyota Motor Corp

Timken Co. reported a larger-than-expected second-quarter loss on slack demand for its industrial bearings and specialty steel, and warned it expected to record a loss for the full year.

Tags: 5 Million, Industrial Bearings, Lowers, Outlook, Quarter Loss, Slack Demand, Specialty Steel, steel, Timken, Timken Co, USD

Standard and Poor’s today changed its rating outlook on Ford Motor Co. to developing from negative, saying it may raise Ford’s rating if losses continue to abate, though the risk of a downgrade is also significant.

Tags: Credit Rating, Ford, Ford Credit, Ford Motor, Ford Motor Co., Losses, Outlook, Risk, Standard And Poor

Standard and Poor’s today changed its rating outlook on Ford Motor Co. to developing from negative, saying it may raise Ford’s rating if losses continue to abate, though the risk of a downgrade is also significant.

Tags: Credit Rating, Ford, Ford Credit, Ford Motor, Ford Motor Co., Losses, Outlook, Risk, Standard And Poor

Ford Motor Co. is expected to post a large first-quarter net loss Friday amid a global economic downturn that has pressured results in the United States, Western Europe and other developed economies.

Tags: Economic Downturn, Focus Ford, Ford, Ford Motor, Ford Motor Co., Outlook, United States, western Europe

The market is too murky for Canadian car parts maker Magna International Inc. to give an outlook for 2009, though it fully expects sales across the battered auto industry to drop further before they bottom out.

Tags: Auto Industry, Canadian Car, Car Market, Car Parts, car parts maker, Ceo, Magna International, Magna International Inc, Outlook

Moody’s Investors Service has downgraded MSX International Inc. ratings outlook to negative from stable, in large part because of its ties to the auto industry.

Tags: Auto Industry, Downgrades, International Ratings, Moody S Investors Service, Moody's, Moody's Investors Service, Msx International, MSX International Inc., Outlook, Stable, Ties

Navistar International Corp. said it will restate its financial results for the nine months ended July 31, but reaffirmed its 2008 outlook.

Tags: Navistar, Navistar International, Navistar International Corp, Nine Months, Outlook

TOKYO — Honda President Takeo Fukui shifted into crisis mode today, slashing sales and profit forecasts, delaying plant openings, cutting executive pay and axing the NSX sports car program to rein in costs.

Tags: Car Program, Crisis Mode, Fukui, Honda, Nsx, Outlook, Profit Forecasts, Sports Car, sports car program, Takeo, Takeo Fukui, TOKYO

TOKYO — Honda President Takeo Fukui shifted into crisis mode today, slashing sales and profit forecasts, delaying plant openings, cutting executive pay and axing the NSX sports car program to rein in costs.

Tags: Car Program, Crisis Mode, Fukui, Honda, Nsx, Outlook, Profit Forecasts, Sports Car, sports car program, Takeo, Takeo Fukui, TOKYO

Shares of General Motors and Ford Motor Co. jumped today after Deutsche Bank said chances have improved for the struggling U.S. automakers to receive a government bailout. “There is growing concern about the risks to the U.S.

Tags: Automakers, Bailout, Deutsche Bank, Ford, Ford Motor, Ford Motor Co., General Motors, Gm, Gm Ford, Growing Concern, Outlook, Shares, United States