Group items tagged

Maruti Suzukirecently posted a gain in net profits of 18% for the quarter ended in June 2011. In spite of a slow growth in the Indian auto industry, the company managed to record net profits to the tune of INR 549.2 crore, a growth of 18% against the INR 465.36 crores that it posted in the corresponding quarter, last year.

Utility manufacturer, Mahindra & Mahindra recently posted a growth of 7.56% in their net profits for the June 30 ended quarter, with a standalone net profit of IRN 604.88 crores, boosted by good measures for expenditure control and good sales. In the same period in 2010, the company had posted net profit as INR 562.39 crores.

Nissan has forecast a positive outlook for their annual operating profit. The company expects a drop of just 14.4% this year, with an operating profit of 460bn yen.

Mr. Alan Mulally, Chief Executive Officer and President at Ford Motor Company said that it is a respected figure in the automobile and is credited with scripting the company turnaround story in 2007-2008, ex-Boeing Commercial Airplanes Chief Executive Officer helped the once bleeding automobile manufacturing company return to profitability.