INDIA: Eicher Q1 aftertax profit up 33% to US$30m
Eicher Motors reported that its consolidated profit after tax for the first quarter of 2012 increased 33.3% to INR1.63bn (US$30m) compared to INR1.23bn in 2011.
US: Tributes flow for Ford’s 1980s turnaround chief
The words “Ford” and “turnaround” are today most likely to be used in the same sentence as “Alan” and “Mulally”, the ex-Boeing chief recruited by Ford chairman Bill Ford who has transformed the fortunes of the company in recent years and helped it avoid a government bail-out.
US: Detroit Three improve in supplier relationships survey
Toyota and Honda’s relationships with suppliers have slipped while Chrysler, General Motors and Ford have improved, the latest Planning Perspectives survey showed.
RUSSIA: UAZ swings to net profit in first quarter
Russian automaker Ulyanovsk Automobile Plant (UAZ), controlled by Ford’s local partner Sollers, posted a net profit of RUB70.8m (US$2.3m) in the first quarter of 2012 versus a net loss of RUB251.6m a year ago, the company said in a statement.