Undergone a procedure of bankruptcy American automobile company General Motors announced it would return to profit of its European Opel division to profit in 2012, reported the British radio BBC. Michigan manufacturer for this purpose will pour 1.9 billion to restructure Opel, which is three times more money than originally announced. Currently, GM has asked the European Commission, which allow the countries in which cars are produced by the mark, to grant guaranteed loans amounting to 2 billion euros. The amount is by 700 million euros less than the previous similar inquiry by the U.S. manufacturer. GM plans over the next 5 years to put 11 billion euros in the development of new models complement the British media. Only this year have provided the prime ministers of eight new models, a new next four. By the BBC noted that the increase in funds provided for Opel, might prove difficult political task.
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See a sharp rise in Audi sales worldwide during the first month of the year. Growth of 39% on yearly base, mainly due to increased demand for the A4 and A6 models in China, the emergence of two new models – Q5 SUV and the A5 Sportback. In a special statement regarding the results of the first month, the company’s chief marketing and sales Peter Shvartsenbauer (Peter Schwarzenbauer) said that this year the company will achieve its goal – selling over 1 million cars in 2010. In January 2010 Audi sales increased in January 2009 compared with 39% in the U.S., with 23% in Europe (excluding Germany), with 9.3 percent in Germany and more than 100 percent in China.
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The Consumers worldwide will spend 6.2 billion dollars in 2010 in the stores for mobile applications, predicts Gartner. Analysts think of the famous agency that stores mobile applications will register more than 8 billion “Download” in 2010 Eight out of ten downloads of free will, even predict the company. Until 2013 did the total number of withdrawn applications will reach 21.6 billion if free downloads will account for about 82% of all withdrawals in 2010, then three years later free download will represent 87 percent of all. The growing popularity of smartphones and growing sales volumes of such devices will prompt users to experiment with mobile applications analyzed by Gartner. Researchers are categorical that the games remain the number one use for mobile gadgets, followed by applications for mobile shopping, social networks.
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The Russia’s largest bank – Sberbank, reported a decline in profits for the third quarter by 82 percent for allocation to cover bad loans. The bank’s profit for the period July-September fell to 4.25 billion rubles (144 million dollars) from 23.2 billion rubles a year earlier. The overdue loans at the end of the third quarter accounted for 7.9 percent of total lending to the share of 1,8 per cent in the beginning of the year from 6,4 percent in late half. Provisions for bad debts jumped by 27 percent during the third quarter to 493.8 billion rubles, an increase of more than eight times the comparable period last year. Total bank lending increased by 4,8 percent to 5,5 trillion rubles.
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Jaguar Land Rover has increased its sales by 23% for the second fiscal quarter annualized forward BBC. The number of cars sold in July-September rose to 44 300 to 35 900 during the previous quarter. Parent of Tata Motors have announced that new products such as improved Range Rover, Range Rover Sport and Discovery 4 have had a successful start. Although Jaguar Land Rover recorded a net loss of 60 million pounds for the quarter, it is much less than the loss of 240 million pounds reported in the same period the previous fiscal year. India’s Tata Motors, which bought British brand from Ford for 1.7 billion pounds in June 2008, with a profit of 217.8 million rupees (2,8 million pounds) for the second fiscal quarter. For the same period the previous year, the group had a loss of 9.4 billion rupees. From Tata said that the performance of Jaguar Land Rover was hit in the quarter as aggressive cost cutting also had its effect.
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The largest manufacturer of PCs in the world, HP said that its fourth fiscal quarter reported earnings of 2.4 billion dollars, police Reuters. This is 14% higher than the same period last year, while revenue fell by 8%. Their total amount is 30.8 billion dollars. The company has not changed its forecast for the next fiscal year, and expected profit per share between 4.25 and 4.35 dollars on revenue of 118 – 119 billion dollars. The personal computers’ sales grew by 8 percent, but revenue from them by a decline of 12 percent, the agency adds. Meanwhile, the company decided to expand its plan to repurchase shares, as it has already reached 12 billion dollars.
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The largest brewery in the world, Anheuser-Busch InBev NV reported net profit for the third quarter, which exceeded market expectations, thanks to cost cuts and higher prices of its brands, which offset declining sales of Budweiser and Bud Light. Net profit company based in Belgium amounted to 1.55 billion dollars for the third quarter. Manual did not provide data on its financial results for the same period last year, when purchased for 52 billion U.S. brewer Anheuser-Busch, forward Bloomberg. Analysts expected the brewer to take into account profits from 1.39 billion dollars. The leadership of AB InBev managed to reduce its costs by 265 million dollars thanks to the merger between two companies and reduce the number of employees in marketing and administrative department. Leadership plans to cut costs by $ 1 billion this year and a total of 2.25 billion dollars over the next three years. Revenues decreased by 10.4% yoy to 9.76 billion dollars, which was less than the expected 10.11 billion dollars. The volume of sales decreased by 3.3% yoy in the third quarter, led by strong annual decline of 16.8 percent in Central and Eastern Europe.
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The only car manufacturer in the United States, which escaped bankruptcy (unlike GM and Chrysler) – Ford, announced that during the third quarter made a profit of 997 million dollars. This is a positive result for the company’s operating profit for the first quarter of 2008. Profits before tax amounted to 1.1 billion dollars or 26 cents a share, compared with a loss of $ 3 billion for the period July-September 2008, analysts expected a loss of 20 cents per share. We recall that in the second quarter the company also reported a profit but it was a result of debt restructuring, which was then reduced 10 billion dollars due to capitalization. The company’s revenues fell by 2.5 percent compared with same period of 2008, falling approximately 30.9 million, which, however, is expected by the market over 28.5 billion dollars.
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McDonald’s, which is the largest chain of fast food resturanti in the world, said profit for the third quarter by 5.9 percent over the same period last year. The company’s net profit amounted to 1.26 billion dollars or 1.15 percent per share 1.19 billion and 1.05 dollars per share. Company revenue for the period decreased by 3.5% to 6.05 billion dollars. Analysts forecast a profit of 1.11 dollars per share. In the United States in recent months, the company counts on its new range of products, which includes the McCafe espresso and largest sandwich came out until now Angus. After the data the company’s shares jumped by 2.5 percent to 59.80 dollars as the beginning of the year decreased by 6.2%.
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One of the largest pharmaceutical companies in the world – the U.S. Merck, has tripled its profits in the third quarter. The reason for this lies in the successful sale of its subsidiary for Merial Veterinary Medicine of the French pharmaceutical company Sanofi-Aventis SA. Merck’s net profit for the period from July to September jumped to 3.46 billion dollars or 1.61 dollars a share, from profit of 1,12 billion, or 51 cents per share for the third quarter of 2008 After excluding one-off effects of earnings per share amounted to 90 cents. This proved to 8 cents more than the expectations of market analysts, cited by Bloomberg. Revenue of New Jersey-based company rose by 2 percent annually to $ 6 billion as Merck won 1.7 billion dollars from the sale of its subsidiary company, Merial. Merck plans to acquire 41 billion dollars against rival Schering-Plough by the end of this year. Schering-Plough published earlier today its financial results for the third quarter, which showed a profit decline of 16% to 515 million dollars, or 29 cents a share.
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