Chinese electric car and battery maker BYD announced that its 2012 profits tumbled 94.12 percent year-on-year amid a bleak solar market.
The wholesale light vehicle sales in the Chinese market declined 8.4 percent from the previous year to 1.39 million units.
Volkswagen's Skoda Auto expects a rise in deliveries this year after record sales in 2012, but a switch to a new model and weak demand in Europe will lead to a decline in the first half.
Ford's plan to cut jobs and close plants, once hailed as proactive, may not be enough to halt losses in Europe.
US auto sales in March are expected to rise 8 percent and the annual sales pace should top 15 million for the fifth straight month.
German automaker Volkswagen wants to keep car production in Slovakia at the high levels that saw it doubling production to a record level in 2012.
Geely Automobile Holdings Ltd, the publicly traded unit of China's biggest private automaker, has reported a strong sales performance for 2012, thanks to a doubling in exports.
Europe's car market shrank a further 10.2 percent in February, with sales of new vehicles falling to 829,359.
China's luxury car market has gotten off to a slow start in 2013 after several years of strong growth, according to the first two monthssales statistics.
A car quality report website under China's quality watchdog received 11,631 complaints. Among which,307 over luxury cars.
Volkswagen expects a "strong" second quarter and is bracing for the first three-month period to be weaker compared with 2012 results.
German car maker Audi AG posted record figures for production, shipments, revenue and earnings, despite the effects of the debt crisis.
Vehicle sales in China, the world's biggest auto market, rose 14.7 percent for January and February combined from the same period a year earlier.
China's automobile sales dropped 13.56 percent year on year to 1.35 million units in February mainly due to the weeklong Spring Festival holiday.
General Motors and its joint ventures sold 215,070 vehicles in China in February, a drop of 10.6 percent from the same month last year.
Luxury icon Porsche sold 2,689 units in China, an increase of 17.5 percent from last February, making China its second-largest market just narrowly behind the US.
China's passenger vehicle sales in February dipped 4.7 percent year-on-year, due to fewer working days as a result of the week-long Spring Festival holiday.
Ford Motor Co, which expects a $2 billion loss in Europe this year, expects regional sales will be at the low end of the company's sales forecast during the first half of the year.
BMW aims to increase vehicle sales further in 2013 after posting record sales in 2012, its Chief Executive Norbert Reithofer said on Tuesday.
China is expected to become the world's largest premium car market, overtaking the US and selling more than 2.3 million premium cars by 2016.
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