Earnings

NEWS ANALYSIS

Elon Musk's vision is not for the faint of heart

9:39 am U.S. ET | Feb. 12, 2016

Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses -- all in the middle of a market selloff.... Read More »

American Axle Q4 net income rises, shares surge

8:40 am U.S. ET | Feb. 12, 2016

American Axle & Manufacturing today reported record sales in 2015 after a strong fourth quarter thanks to record North American light vehicle sales.... Read More »

Tower posts lower adjusted Q4 earnings as it gears up for major new business

11:40 am U.S. ET | Feb. 12, 2016

Tower, which makes heavy metal components and assemblies for cars and trucks, reported lower fourth-quarter adjusted earnings due to ramp-up costs stemming from a major new business that is supposed to spur earnings growth later this year.... Read More »

Penske Automotive says earnings improved 4.5% in Q4; stock rises

11:35 am U.S. ET | Feb. 11, 2016

Penske Automotive today posted mixed results for the fourth quarter as earnings from continuing operations improved but net income fell. The company said continuing operations income rose 4.5 percent to $73 million, but net income dropped 2.6 percent to $71.3 million.... Read More »

Group 1 adjusted earnings fall in Q4; Brazil hurts bottom line

7:30 am U.S. ET | Feb. 11, 2016

Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles.... Read More »

One-time costs drag down BorgWarner Q4 net income

11:59 am U.S. ET | Feb. 11, 2016

BorgWarner, which supplies fuel-saving turbochargers and emissions systems, reported higher adjusted earnings in the fourth quarter, but net income declined after several one-time charges.... Read More »

Tesla revenue spikes on Model S demand, but Q4 losses grow to $320M

4:55 pm U.S. ET | Feb. 10, 2016

Tesla set a record for deliveries in the fourth quarter as customers ignored sagging oil prices and bought the Model S sedan, the maker of all-electric luxury cars said as it reported a net loss of $320 million, up from $108 million a year earlier.... Read More »

Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting.... Read More »

Daimler recalls 840,000 vehicles in U.S. for airbag concerns

Feb. 9, 2016 20:49 CET

Daimler said it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of $383.96 million.... Read More »

Tenneco adjusted earnings rise 23% in Q4, shares rise

3:14 pm U.S. ET | Feb. 9, 2016

Tenneco's fourth-quarter adjusted earnings rose 23 percent to $80 million as the the supplier of emission-control systems and ride-control components today reported higher revenue generated from light vehicle production in North America, Europe and China.... Read More »

Suzuki quarterly operating profit up slightly; net profit outlook trimmed

1:57 pm U.S. ET | Feb. 8, 2016

Suzuki said operating profit rose slightly in the third quarter on healthy demand in India, but trimmed its full-year net profit outlook due to a tax-related issue.... Read More »

THE VW EMISSIONS SCANDAL

VW delays 2015 earnings report until April due to diesel scandal

Feb. 7, 2016 13:52 CET

Volkswagen said it will publish its annual results as soon as April and may hold its annual shareholders' meeting in early June, four to six weeks later than scheduled as the company determines the financial fallout from the diesel emissions scandal.... Read More »

VW delays 2015 results due to open issues on emissions

Feb. 5, 2016 14:34 CET

Volkswagen said its emissions scandal will delay its publication of last year's results, as the automaker struggles to determine the financial impact of its cheating.... Read More »

Takata posts quarterly profit gain as airbag recalls mount

6:54 am U.S. ET | Feb. 5, 2016

Takata reported quarterly profit rose from a year earlier, as it seeks to convince automakers including Honda to continue to support it through expanding recalls.... Read More »

Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations.... Read More »

Asbury income, revenues up in Q4; vehicle margins down

11:20 am U.S. ET | Feb. 4, 2016

Asbury Automotive Group said net income soared to $41.1 million in the fourth quarter of 2015 as revenues rose 9.1 percent to $1.64 billion.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

Subaru parent says quarterly earnings rise 21%

6:52 am U.S. ET | Feb. 4, 2016

Subaru parent Fuji Heavy Industries reported a bigger-than-expected rise in third-quarter operating profit on strong sales of its Subaru cars and a favorable currency impact, keeping it on track to post a record full-year profit.... Read More »

GM profits soar on strong truck sales, resilience in China

7:30 am U.S. ET | Feb. 3, 2016

GM posted pretax operating profit of $10.8 billion for 2015 -- including $2.8 billion in the fourth quarter -- as executives sought to reassure skeptical investors that there is plenty of profit potential remaining in the key U.S. and China markets.... Read More »

Ally posts strong gains in net income for year, Q4

1:17 pm U.S. ET | Feb. 2, 2016

Ally Financial's fourth-quarter and full-year 2015 profit and net income rose, while auto loan and lease originations remained relatively flat or increased slightly, despite GM's switch to lease exclusivity with GM Financial.... Read More »

International operations help Ford's bottom line

12:01 am U.S. ET | Feb. 1, 2016

In addition to the billions of dollars earned from surging pickups and SUVs in North America, Ford posted its first European profit in five years and record results in Asia.... Read More »

Autoliv predicts 5% growth in 2016, but market wanted more amid Takata recalls

10:30 am U.S. ET | Jan. 29, 2016

Swedish car safety products supplier Autoliv predicted sales growth of 5 percent this year, but analysts expected more because of potential new business Autoliv could win amid the Takata airbag crisis.... Read More »

Ford generates $7.4 billion profit for 2015 after strong Q4

7:15 am U.S. ET | Jan. 28, 2016

Ford's net income quintupled in 2015 to $7.4 billion, including $1.9 billion in the fourth quarter, as sales of its high-margin pickups and SUVs surged in a record year for the U.S. auto industry. The company earned a fourth-quarter record of $2 billion in North America.... Read More »

AutoNation's Q4 net drops 16% on discounts, VW charge

7:45 am U.S. ET | Jan. 28, 2016

AutoNation's net income dropped 16 percent to $97.5 million in the fourth quarter, even as revenues rose 5.8 percent to $5.34 billion, the company said today. The decline was due largely to increased discounting and per-vehicle margin pressure.... Read More »

Gentex Q4 profit, sales rise as mirror shipments increase

12:27 pm U.S. ET | Jan. 28, 2016

Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014.... Read More »

 
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