Earnings

Mobileye Q2 revenues jump, sees strong growth in 2014

3:43 pm U.S. ET | Sept. 4, 2014
One month after going public, Mobileye posted lower net income but sharply higher revenue on strong demand for its camera-based systems that help drivers avoid collisions.... Read More »

 

Chrysler's Q2 profits rise 22% to $619 million on Jeep, pickup gains

10:30 am U.S. ET | Aug. 6, 2014
Chrysler reported net income of $619 million in the second quarter on record Jeep sales and strong pickup deliveries. The second-quarter profit was 22 percent higher than the $507 million in net income posted during the same quarter of 2013. Revenue increased 14 percent to $20.5 billion.... Read More »

 

N.A. is key Nissan profit center in quarter

12:01 am U.S. ET | Aug. 4, 2014
Declining incentives, rising sales and added production at Nissan Motor Corp.'s North American operations fueled a 22 percent surge in operating profit in that region in the latest quarter.... Read More »

 

Plant switch boosts Mazda's N.A. profits

12:01 am U.S. ET | Aug. 4, 2014
Rising sales of Skyactiv models and resumed local production helped Mazda Motor Corp. nearly quadruple its North American operating profit in the most recent quarter. North America emerged as Mazda's second most profitable region in the fiscal first quarter that ended June 30, from its least profitable a year earlier.... Read More »

 

American Axle Q2 earnings rise on stronger non-GM business

3:56 pm U.S. ET | Aug. 1, 2014
American Axle & Manufacturing Holdings today reported improved second-quarter earnings, led by a strong increase in non-General Motors business.... Read More »

 

Tesla's Q2 net loss widens to $62 million as r&d expenses soar

4:39 pm U.S. ET | July 31, 2014
Tesla's net loss widened to $61.9 million in the second quarter even though it assembled and delivered record numbers of Model S electric cars. Revenues surged nearly 90 percent.... Read More »

 

Superior’s Q2 net income drops 21%; Ark. plant to close

3:17 pm U.S. ET | July 31, 2014
Aluminum wheel supplier Superior Industries International said today that its second-quarter net income tumbled 21 percent from the year-earlier period to $5 million on flat sales of $199 million.... Read More »

 

BorgWarner net income up 9% for Q2 as engine division grows

2:24 pm U.S. ET | July 31, 2014
BorgWarner, a supplier of turbochargers and emissions systems, reported a 9 percent increase in net income for the second quarter as its engine division grows and the European market -- which makes up about half of the company's customer base -- continues to recover.... Read More »

 

Denso's quarterly profit falls on Japan labor costs, compact car shift

1:28 pm U.S. ET | July 31, 2014
Denso, the Toyota-affiliated auto supplier, posted a 16.7 percent drop in April-June quarterly operating profit from a year earlier as domestic labor costs rose and as automakers sold more compact cars in Japan that tend to be less profitable.... Read More »

 

Mazda, Subaru profit from strong U.S. sales amid downturn in Japan

10:43 am U.S. ET | July 31, 2014
Japanese automakers Mazda and Subaru parent company Fuji Heavy Industries said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in the April-June quarter.... Read More »

 

Delphi reports strong Q2 profit, but next quarter may disappoint

11:36 am U.S. ET | July 31, 2014
Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter.... Read More »

 

Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales.... Read More »

 

Near-record auto lending drives Ally Q2 profit higher

10:53 am U.S. ET | July 29, 2014
Ally Financial originated near-record auto lending volume and added more than 900 dealerships in the United States since a year ago to produce a comeback in net income in the second quarter. Ally today said it posted net income of $323 million for the second quarter compared with a net loss of $927 million during the same quarter last year.... Read More »

 

TRW net income rises to $265 million in Q2

7:08 am U.S. ET | July 29, 2014
Automotive safety technology supplier TRW Automotive Holdings today said its second-quarter net income rose 7 percent to $265 million. Total revenue during the quarter rose 2 percent to $4.6 billion, the company said in a statement.... Read More »

 

Tenneco's Q2 profit rises 29% on record revenue

5:19 pm U.S. ET | July 28, 2014
Tenneco, a ride-control and emission-control systems supplier, reported that its net income rose 29 percent in the second quarter from a year ago to $81 million on record revenue of $2.2 billion.... Read More »

 

GM, Ford financials could veer in 2nd half

12:01 am U.S. ET | July 28, 2014
While General Motors' second-quarter profits were hammered by the costs of its massive recall, across town Ford Motor Co. reported a robust profit bolstered by a record second quarter in North America. But fortunes could change for the two Detroit carmakers as they head into the second half of 2014.... Read More »

 

Gentex Q2 net income grows 47 percent

3:19 pm U.S. ET | July 24, 2014
Automotive mirror supplier Gentex reported $76.7 million in net income with total revenue of $338.4 million for the second quarter.... Read More »

 

Ford Q2 earnings rise on N.A. record, first European profit in 3 years

6:45 am U.S. ET | July 24, 2014
Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years.... Read More »

 

Don't get out the party hats at Ford just yet, analyst says

2:18 pm U.S. ET | July 24, 2014
A roundup of what analysts and others are saying about Ford Motor Co.'s second-quarter financial results released today:... Read More »

 

GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg.... Read More »

 

Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls.... Read More »

 

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations.... Read More »

 

Fiat calls Aug. 1 shareholder meeting to approve Chrysler merger

July 3, 2014 12:40 CET
Fiat has called a shareholder meeting on Aug. 1 to approve its merger with Chrysler, potentially clearing the way for the new company to be listed in New York as planned before the end of this year.... Read More »

 

Fiat Chrysler shareholders to vote on merger in early August

June 30, 2014 17:01 CET
Fiat Chrysler shareholders will meet early August to vote on the merger between the Italian carmaker and its U.S. unit, CEO Sergio Marchionne said on the sidelines of an event in Turin.... Read More »

 

Highlights from the 'Car Wars' report

12:01 am U.S. ET | June 16, 2014
Fiat Chrysler Automobiles goal of a 4-point share gain by 2018 is 'unattainable,' and General Motors will rely heavily on crossovers, according to the Bank of America Merrill Lynch 'Car Wars' report. Here are some highlights.... Read More »

 

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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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