Many of the world’s major motor manufacturers
have published their 2010 results over the past few weeks, with the
figures revealing a healthier picture compared to 2009.
In North America, General Motors posted a 2010
profit of £2.9 billion, while Ford lifted its profit from £2.4
billion in 2009 to £4.1 billion last year.
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In Europe, two giants that posted 2009 losses
bounded back into profit. PSA Peugeot Citroen transformed a £1.2
billion 2009 loss into a £967 million profit, while French
manufacturer Renault reported a £2.9 billion profit, following a
£2.6 billion loss the previous year.
The Italian manufacturer Fiat followed the
trend, announcing a £514 profit after losing £726 million in 2009,
and Volkwagen stormed forward from a profit of £720 million in
2009, to an impressive £6.2 billion in 2010.
Improved profit was also evident in Asia, with
South Korea’s Kia improving its results from a profit of £799
million in 2009 to 1.2 billion last year. However, India’s Tata
Motors reported a profit down from Rs1,643 crore in 2009 to Rs1,238
crore in 2010.
In Japan, the major manufacturers have
reported better results, compared to 2009, for the nine months to
the end of the year. Toyota Motor Corporation improved its profit
from £725 million to £2.8 billion, while Honda Motor Company’s
profit increased from £1.4 billion for the 2009 period, to 3.6
billion last year. Nissan Motor reported a £2.3 billion profit for
the period.
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