Automakers & Suppliers
 

GM ekes out $125M first-quarter profit as recalls take toll

7:30 am U.S. ET | April 24, 2014 | UPDATED: 4/24/14 4:17 pm ET -- adds closing stock price
Surging transaction prices on trucks helped GM offset heavy costs from safety recalls and eke out a small profit in the first quarter. GM posted net income of $125 million in the first three months of the year, down 86 percent from a year earlier. The bottom line reflected $1.3 billion in recall-related expenses as well as about $200 million in restructuring costs in GM's European business.... Read More »
 

Nissan tests a car that cleans itself

1:23 pm U.S. ET | April 24, 2014
Nissan is experimenting with a “self-cleaning” car that uses a new coating technology to help repel rain, oil and grime.... Read More »

Musk's pay as Tesla CEO drops 99.9% to less than $70,000

5:49 pm U.S. ET | April 24, 2014
Elon Musk, Tesla's CEO and one of the wealthiest U.S. entrepreneurs, saw his take home pay from the automaker plunge by more than 99.9 percent last year after a surge in his 2012 stock options.... Read More »

Mitsubishi posts record annual operating profit

7:17 am U.S. ET | April 24, 2014
Mitsubishi Motors nearly doubled its operating profit for the year ended March to an all-time high of 123.4 billion yen ($1.2 billion) as a drop in Thai sales was offset by growing sales in most other regions around the world.... Read More »

Delphi profits jump on higher N.A., Asia parts demand

9:21 am U.S. ET | April 24, 2014
Delphi Automotive reported a 16 percent rise in first-quarter profits, helped by strong parts demand in Asia and North America, and raised its 2014 earnings outlook.... Read More »

Hyundai Q1 profit hit by slow U.S. sales

5:00 am U.S. ET | April 24, 2014
Hyundai posted first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand.... Read More »

GM says government probes into recalls now include SEC, a state attorney general

5:07 pm U.S. ET | April 24, 2014
GM is facing five different government probes in connection with its recent recalls, the automaker said in a regulatory filing on Thursday.... Read More »

REACTION: The 'right call' to go for price over pickup share

8:03 am U.S. ET | April 24, 2014
A roundup of what analysts and others are saying about General Motors' first-quarter financial results.... Read More »

GM's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday.... Read More »

2015 Ford Mustang order guide hints at key options

2:04 pm U.S. ET | April 23, 2014
The 2015 Ford Mustang order guide is now available to U.S. dealers and the options include a lot of familiar stuff such as racing stripes and tech packages.... Read More »

Fields to take Ford wheel at prime stage

12:01 am U.S. ET | April 23, 2014
When Mark Fields took charge of Ford's Americas operations nine years ago, it was a major repair job with record losses and a brush with bankruptcy. Today, Ford's North American operations are the envy of the industry. Now that Fields is poised to succeed Alan Mulally as CEO, he's taking charge of an automaker in its prime.... Read More »

Tesla seeks workers for ex-Chrysler property in Calif.

7:22 am U.S. ET | April 23, 2014
Tesla Motors Inc. has leased an idled parts-distribution center in rural California where it plans to hire engineers and technicians as the maker of luxury electric cars expands operations.... Read More »

Showa latest supplier to plead guilty to price-fixing, will pay $19.9 million

12:01 pm U.S. ET | April 23, 2014
Showa has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a million fine, the Justice Department said today.... Read More »

JCI Q1 profit rises 59% on increase in automotive business

7:57 am U.S. ET | April 23, 2014
Johnson Controls reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

GM owners claim bankruptcy fraud to keep recall suits alive

2:33 pm U.S. ET | April 23, 2014
GM's request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally “unsupportable.”... Read More »

GM splits engineering into 2 divisions with new leaders; Calabrese to retire

10:26 am U.S. ET | April 22, 2014
General Motors is replacing its head of engineering and will divide its vehicle engineering organization into two divisions in a shakeup that the company says will improve quality and safety in the wake of its recall crisis.... Read More »

2014 BEIJING AUTO SHOW

VW mid-sized coupe to challenge Mercedes CLA

12:01 am U.S. ET | April 22, 2014
The Volkswagen NMC -- New Mid-sized Coupe -- concept makes official the carmaker's plans for a style-led sedan to challenge the Mercedes-Benz CLA.... Read More »

GM requests protection in N.Y. court against ignition switch lawsuits

7:04 am U.S. ET | April 22, 2014
GM filed a motion in a federal bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class-action lawsuit that seeks to set aside the restriction.... Read More »

Sen. Blumenthal wants to quiz former GM CEOs on recalls

4:20 pm U.S. ET | April 22, 2014
Former General Motors CEOs and other executives should be called to testify to before Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.... Read More »

GM faces NHTSA probe over '14 Chevy Impala automatic brakes

3:19 pm U.S. ET | April 22, 2014
U.S. regulators are investigating whether a 2014 Chevrolet Impala's automatic-braking system kicked in unexpectedly at 40 miles per hour, causing a crash.... Read More »

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