Earnings

Renault-Nissan has no plans for executive bonus plan, Ghosn says

June 15, 2017 06:01 CET

Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, CEO Carlos Ghosn said.... Read More »

NEWS ANALYSIS

GM, Tesla: A tale of two shareholder meetings

12:42 pm U.S. ET | June 7, 2017

How does CEO Elon Musk make the "magic happen" at Tesla Motors? Ambien, red wine and a vintage record player.... Read More »

Tesla's board faces investor push for annual votes on directors

1:44 pm U.S. ET | June 5, 2017

Tesla recommends annual service inspections on its cars. Some of the electric-car maker's investors want its board subject to yearly checkups, too.... Read More »

Bosnian activists fail to secure seats on Grammer board

May 25, 2017 09:46 CET

Bosnia's Hastor family failed in a bid to get three representatives onto the supervisory board of German supplier Grammer at the annual shareholder meeting.... Read More »

Grammer rejects call to replace chairman in shareholder tussle

May 24, 2017 14:44 CET

German supplier Grammer braced for a showdown with Bosnian investor group Cascade at its shareholders' meeting, rejecting a demand to replace the chairman of the annual general meeting.... Read More »

Audi pledges transparency amid emissions probes

May 18, 2017 10:14 CET

Dealers for the FAW-VW joint venture in China fear that plans for an Audi joint venture with VW Group's southern JV partner SAIC to build and sell Audi vehicles via SAIC-VW's retail network will hit their sales.... Read More »

Virtual meeting met with mixed reviews

12:01 am U.S. ET | May 15, 2017

Ford Motor Co.'s annual shareholders meeting, normally held in Wilmington, Del., was held virtually this year for the first time in its 62-year history.... Read More »

Ford's annual meeting was virtual, but its troubles are real

6:31 am U.S. ET | May 11, 2017

Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.... Read More »

UAW's net assets fell in 2016 while membership grew 1.8%

3:50 pm U.S. ET | April 3, 2017

The UAW's net assets fell 7.9 percent from a year earlier to $861.7 million at the end of 2016, but membership rose 1.8 percent to 415,963 workers.... Read More »

NEWS ANALYSIS

Porsche family ready to bring in younger generation

April 1, 2017 06:01 CET

Ferdinand Piech's seat on the board of VW Group's majority shareholder could be taken by his nephew, Josef Ahorner. The move would be a step toward the Porsche-Piech's clan younger generation moving into key roles.... Read More »

Daimler shareholder demands right to be naked at annual meeting

1:52 pm U.S. ET | March 29, 2017

Daimler's annual meeting threatened to veer off course for a second year after a shareholder pontificated on his right to be naked.... Read More »

Mueller says VW 'is back on track'; CEO not ruling out talks with FCA

8:53 am U.S. ET | March 14, 2017

The world's largest automaker, Volkswagen, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.... Read More »

Magna Q4 report warns about 'protectionist sentiments' in North America

6:46 am U.S. ET | Feb. 24, 2017

Diversified Canadian auto supplier Magna International said increased protectionist measures in North America could pose a substantial risk to the supplier achieving “desired results” in the future.... Read More »

Visteon builds on electronics segment gains in Q4

3:12 pm U.S. ET | Feb. 23, 2017

Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year.... Read More »

KAR Auction's Q4 net income drops despite gain at ADESA

2:54 pm U.S. ET | Feb. 22, 2017

ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses.... Read More »

Cooper-Standard says Q4 net income rises 43%

11:03 am U.S. ET | Feb. 17, 2017

Cooper-Standard Holdings said fourth-quarter net income rose 43 percent to $31.1 million. Sales improved 2.4 percent to $875.4 million.... Read More »

Tower's adjusted earnings rise 23% in Q4

12:13 pm U.S. ET | Feb. 15, 2017

Tower International reported fourth-quarter adjusted earnings of $56.2 million, up 23 percent from $45.9 million a year ago, while net income plummeted 88 percent for the quarter.... Read More »

Lithia posts 7.5% increase in Q4 net income

11:56 am U.S. ET | Feb. 15, 2017

Lithia Motors' net income rose 7.5 percent to $51.3 million in the fourth quarter on strong used-car sales and record finance and insurance gains, the retailer said.... Read More »

Takata forecasts third annual loss after U.S. criminal settlement

7:10 am U.S. ET | Feb. 10, 2017

Takata, the troubled airbag supplier behind the biggest auto safety recall, said it will probably report a third consecutive annual loss as it booked a one-time charge after agreeing to settle a U.S. criminal investigation.... Read More »

BorgWarner records $441 million charge to fight asbestos claims

1:58 pm U.S. ET | Feb. 9, 2017

BorgWarner, the supplier of turbocharger and emissions systems, reported a net loss of $293 million in the fourth quarter of 2016 as it announced a one-time asbestos-related charge of $441 million.... Read More »

Dana says adjusted earnings rise 29% to $166 million

4:23 pm U.S. ET | Feb. 9, 2017

Dana, a power-technologies and driveline supplier, said its adjusted earnings increased 29 percent, before interest and taxes, to $166 million, up from $129 million in 2015.... Read More »

Takata to set aside $864 million as part of U.S. Justice Dept. settlement

10:19 am U.S. ET | Feb. 9, 2017

Takata said it will set aside 96.93 billion yen ($864.4 million) as part of a $1 billion settlement with the U.S. Justice Department over the world's largest ever auto recall.... Read More »

NICK BUNKLEY

BLOG: Why selling more cars is bad news for GM

3:56 pm U.S. ET | Feb. 7, 2017

General Motors redesigned several of its top-selling cars in 2016, including the Chevrolet Malibu and Cruze. And unfortunately for GM, some people actually bought them.... Read More »

GM predicts 'strong year' in 2017 after earnings, margins fall in Q4

7:45 am U.S. ET | Feb. 7, 2017

General Motors' earnings and profit margins declined in the fourth quarter, but its CFO said the automaker would have “another strong year” in 2017 even as the U.S. market gets tougher. Achieving that goal could mean more production cuts in the months ahead to avoid heavy discounting on slow-selling cars.... Read More »

Clean-air, ride-performance divisions boost Tenneco

3:22 pm U.S. ET | Feb. 7, 2017

Tenneco reported higher sales and lower net income for the fourth quarter, mainly because of an after-tax pension charge of $47 million. Net income for the quarter was $40 million, a 41 percent decline from the year-earlier total.... Read More »

 
Why Volvo picked XC40 to launch VIP service

Douglas A. Bolduc
5:30 am U.S. ET | Sept. 21 2017

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Volvo CEO Hakan Samuelsson knew long ago that he wanted to do something special with the XC40, which is the first expansion of the Swedish automaker's portfolio since the... ...
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Volvo designer achieves rare feat with XC40

Douglas A. Bolduc
7:30 am U.S. ET | Sept. 21 2017

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With the XC40, Volvo designer Ian Kettle achieved a rare feat. The new SUV's look remains true to th ...
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Zetsche strikes a humble tone for German automakers

Peter Sigal
3:00 am U.S. ET | Sept. 19 2017

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These have not been the happiest of times for the German auto industry. Daimler CEO Dieter Zetsche recently conveyed that message. ...
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How Ghosn will push alliance to 14 million sales

Peter Sigal
8:49 am U.S. ET | Sept. 15 2017

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Renault-Nissan Chairman Carlos Ghosn wants the alliance to increase vehicle sales by 33 percent to 1 ...
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Ex-BMW design wunderkind Bangle resurfaces and riffs on 'banality'

Richard Johnson
1:01 pm U.S. ET | Sept. 13 2017

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Chris Bangle, the Ohio boy who was all of 36 when he took over as head of BMW design in 1992, is onc ...
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What's really juicing the latest 'armada' of EVs?

Richard Johnson
5:49 pm U.S. ET | Sept. 12 2017

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What exactly did happen around mid-2016 that got automakers around the world recharged and back on t ...
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Daimler reveals the dark secret behind EVs

Christiaan Hetzner
12:01 am U.S. ET | Sept. 12 2017

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Daimler has revealed the dark secret that explains exactly why the German auto industry has been so ...
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Carlos and Dieter show takes a break

Christiaan Hetzner
12:01 am U.S. ET | Sept. 11 2017

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The “Carlos and Dieter Show” will not take place this year at the Frankfurt auto show. I ...
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Fast-changing Frankfurt

Douglas A. Bolduc
12:01 am U.S. ET | Sept. 9 2017

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At the 2015 Frankfurt auto show, Martin Winterkorn was leading VW and GM was predicting Opel was on the verge of finally being profitable. How things have changed. ...
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Why Jaguar won't show the I-Pace at Frankfurt

Nick Gibbs
12:01 am U.S. ET | Sept. 9 2017

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Jaguar's I-Pace crossover will not make an appearance as a production model at next week's Frankfurt ...
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Newsletters & Alerts
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European sales rose 6% in August
European new-car sales rose nearly 6 percent in August with Nissan, Renault, Toyota and VW Group's S ...
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W. Europe sales rise 5 percent, lifted by France, Italy, Spain
Western European car sales rose 5 percent in August, lifted by strong demand in France, Italy and Sp ...
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UK sales fall 6% on Brexit, diesel concerns
UK new-car sales fell 6 percent in August, the fifth consecutive monthly decline, as uncertainty ove ...
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German sales hit 8-year high despite big diesel decline
New-car registrations in Germany rose to the highest level in eight years in August despite plunging ...
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Skoda, Dacia among winners as French sales rise 9%
French new-car sales rose 9.4 percent in August, with gains by mass-market brands outpacing the prem ...
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Russia sales increase 19% as market rebound continues
New-car registrations in Russia increased 19 percent in July, the fifth consecutive month of increas ...
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Europe's H1 sales hit post-crisis high; rebound may be losing momentum
Europe's first-half vehicle sales rose by nearly 5 percent despite predictions that the market would ...
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UK sales fall 9% on Brexit uncertainty
UK registrations fell 9 percent in July, the fourth consecutive month of declines. ...
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French sales rise 11% in July on strong mass-market demand
French new-car sales rose 11 percent in July as most mass-market brands enjoyed a significant jump i ...
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Business sales boost Italian car market in July
Business demand helped drive a 5.9 percent increase in new-car sales in Italy last month as registra ...
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Small SUVs in focus as Citroen, Hyundai, Kia and Seat ready challengers
Europe's small SUV segment is about to get a lot more crowded as automakers including VW, Hyundai, K ...
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EVs are Europe's fastest growing segment
The EV segment was Europe's fastest growing sector in the first half as sales jumped 56 percent. ...
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Mercedes, Mini, help reverse Europe's cabriolet slump
Europe's premium convertible segment is on the rise as new models from Mercedes, Mini and Porsche he ...
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SUVs will continue to dominate in Europe
Surging demand for SUVs and crossovers in Europe shows no signs of slowing. Analysts predict the bod ...
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Peugeot, Ford, Renault lead in high-margin sales to private customers
The Peugeot, Ford and Renault brands were Europe's first-quarter leaders in a key part of the retail business: sales to private customers. ...
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European minicar sales forecast to dip this year, remain steady until 2020
Automakers are increasing technology levels in Europe's minicar segment to maintain consumer interes ...
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Europe's compact minivan sales forecast to see steady decline
Europe's compact minivan segment is forecast to continually decline until 2020 because of rising dem ...
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Europe's small SUV sales forecast to top 2 million next year
Europe's small SUV/crossover segment is forecast to continue its rapid growth as models from latecom ...
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New mild hybrid tech will shake up green car sales
Mild hybrid cars with cheaper and less complex technology than plug-in and full hybrids will reduce ...
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SUV sales rise to 25% of European market
SUVs and crossovers accounted for a quarter of all European passenger vehicle sales last year as mod ...
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Hyundai recruits BMW exec as Europe marketing chief
Hyundai named former BMW executive Andreas-Christoph Hofmann as its new marketing chief in Europe. ...
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Kia hires ex-BMW designer as styling chief
Kia has hired former BMW and Great Wall designer Pierre Leclercq as its head of styling, in a move e ...
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Nissan manufacturing veteran Martin gets global alliance role
Irishman John Martin is tasked with accelerating the integration of manufacturing and supply strateg ...
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Bentley's new manufacturing boss is VW veteran
Bentley named Peter Bosch, a veteran VW Group executive, as its new manufacturing chief. ...
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Ford recruits industry veteran Vignon as France head
Ford named industry veteran Louis-Carl Vignon to head its France operations. Vignon returns to Ford ...
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Hyundai names new China boss after supplier disputes
Hyundai has appointed Tao Hung Tan as its new chief of China operations. ...
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Aston Martin marketing chief Sproule adds Americas role
Simon Sproule, Aston Martin's global chief marketing officer, has added a new position: chief of the ...
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Fiat Chrysler appoints Keegan to head of N.A. communications
Fiat Chrysler appointed Mike Keegan, a 25-year veteran of the company, to lead communications in North America, a new position. ...
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Volvo names Kerssemakers as Europe boss
Volvo named Lex Kerssemakers as head of its Europe, Middle East and Africa region. Kerssemakers retu ...
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VW shuffles product development team
VW Group is shuffling its product development team as the automaker prepares for a move to future mo ...
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Renault moves Koleos upscale for Europe
Renault is counting on high-end features to make its new Koleos SUV more successful in Europe than t ...
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Ford expands Fiesta family
Ford expects buyers of its new Fiesta subcompact to fall into two categories – previous Fiesta ...
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Mazda makes CX-5 an even better drive
Mazda hopes to boost demand for its CX-5, the brand's top-selling model in Europe, with a new genera ...
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Kia Picanto adds tech but stays small
Kia has bucked the trend that cars grow larger with every new generation by increasing the new Pican ...
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Volvo seeks to match XC60's magic
Volvo hopes that by making its new XC60 bigger, safer and more technologically advanced it will be a ...
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Alfa's big bet on the Stelvio
Alfa Romeo is betting on the Stelvio and its fun-to-drive characteristics to boost the appeal of wha ...
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Opel moves Insignia upscale
Opel hopes a wide selection of advanced safety equipment in its new Insignia will move the model upm ...
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Softer Land Rover Discovery keeps its go-anywhere skills
Land Rover is determined to demonstrate that even though the fifth generation of the Discovery has b ...
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Honda counts on new Civic for boost in Europe
Honda's latest Civic benefited from the largest development program for a single model in the compan ...
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Mercedes makes E-class coupe more practical
Mercedes is repositioning its E-class coupe to offer more room and more functionality, promoting the ...
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Suppliers to the new Peugeot 3008
Assembly of the second-generation Peugeot 3008 began in June 2016 at PSA's factory in Sochaux, Franc ...
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Suppliers to the new Alfa Stelvio
Assembly of the first-generation Alfa Romeo Stelvio began in January at the automaker's factory in C ...
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Suppliers to the new Opel Ampera-e
Assembly of the all-new Opel Ampera-e full-electric car began in October 2016 at parent General Moto ...
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Suppliers to the new BMW 5 series
Assembly of the seventh-generation BMW 5 series began in November 2016 at the automaker's factory in ...
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