Late News.(Robert Bosch GmbH releases its sales report)(Nissan Motor Company Ltd. releases its sales report)(American Axle and Manufacturing Holdings Inc. plans to open a plant)(Financial report)

Automotive News, February, 2008

Bosch: '07 sales rose 4.5%

STUTTGART - Germany's Bosch Group said its automotive parts business performed better than expected last year, despite cost pressures and a weakening U.S. market. Preliminary 2007 results released Friday show total sales at Robert Bosch GmbH increasing 4.5 percent to $42.3 billion (28.5 billion euros).

The final results will be released at the company's annual press conference in May.

Nissan's 2007 sales rise

TOKYO - Nissan Motor Co. says the subprime mortgage crisis will help shrink U.S. light-vehicle sales to as low as 15.5 million units in 2008. Nissan is setting aside cash to cover late payments and loan losses at its retail financing unit. The number of problem loans is small, but those loans are...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.