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.
US: GM axes paid for advertising on Facebook
GM is to halt paid advertising on social media website Facebook.
RUSSIA: Avtovaz Q1 net profit down 88.5%
Net profit at Russia’s largest car maker Avtovaz plunged 88.5% year on year to RUB105m (US$3.4m) in the first quarter of 2012, the company said.
CHINA: Honda JVs’ sales up 43% in April
Honda Motor’s Chinese joint ventures Guangqi Honda and Dongfeng Honda said they sold a combined 62,089 vehicles in April, up 43.2% year on year.