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Jan 25, 2007

AUTOS' NEWS WORLDWIDE

* USA - Ford May Post Record Annual Loss on Trucks, Costs
New York,NY,USA -Bloomberg, by Bill Koenig -Jan. 24, 2007: -- Ford Motor Co. probably will report a fourth-quarter loss tomorrow, capping its worst year ever... The quarterly loss at the second-largest U.S. automaker will be 95 cents a share excluding some costs, according to the average of 13 analyst estimates compiled by Bloomberg. That would translate to more than $1.5 billion. A loss of just $400 million would push Ford's deficit for the year past its record $7.39 billion in 1992...

* South Korea - Hyundai says profit falls for fourth straight quarter
Seoul,S.Korea -The Detroit News (Detroit,Mich,USA) -25 Jan 2007: -- Hyundai Motor Co., the world's sixth-largest automaker, said Thursday that its net profit fell for the fourth straight quarter amid strength in the South Korean won and production losses due to strikes...

* Italy - Fiat net profit soars as automaker promises the first dividend since 2002
Milan,Italy -The International Herald Tribune (France)/Associated Press -Jan 25, 2007: -- Fiat SpA reported Thursday that its net profit soared in the fourth quarter as the core auto division posted a nearly five-fold earnings gain, allowing the automaker to pay a dividend for the first time since 2002... The Turin-based maker of cars and trucks said net profit in the fourth quarter of 2006 ended Dec. 31 was €452 million (US$587 million), from €38 million a year earlier, lifted by one-time asset sales...

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