Earnings

Renault board reaffirms Ghosn's $8 million pay despite shareholder revolt

April 29, 2016 18:27 CET

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's package.... Read More »

Ford profits soar on F-150 sales, Europe rebound

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

Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs.... Read More »

Visteon reports drop in Q1 net income but gross margin rises

3:31 pm U.S. ET | April 28, 2016

Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.... Read More »

BorgWarner Q1 adjusted earnings rise 5%

11:19 am U.S. ET | April 28, 2016

Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.... Read More »

Group 1 CEO says automakers need to cut production

12:01 pm U.S. ET | April 27, 2016

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.... Read More »

Superior Industries more than triples Q1 net income

3:21 pm U.S. ET | April 27, 2016

Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.... Read More »

Icahn's Federal-Mogul returns to profitability in Q1

2:21 pm U.S. ET | April 27, 2016

Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.... Read More »

Lear net income surges 69% in Q1

1:13 pm U.S. ET | April 27, 2016

Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.... Read More »

PSA Q1 revenue falls as car sales decline in China

April 27, 2016 09:36 CET

PSA's first-quarter revenue fell 1.4 percent as Europe's second-biggest carmaker struggled to increase sales outside its home market and contended with currency shifts. Sales amounted to 13 billion euros ($14.7 billion). That compares with a restated 13.2 billion euros a year earlier.... Read More »

Asbury Q1 net down 14%; will open used-car stores despite slow sales

11:34 am U.S. ET | April 26, 2016

Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.... Read More »

Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flat

9:25 am U.S. ET | April 26, 2016

Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.... Read More »

Penske Q1 net rises 5.7% on higher sales

9:28 am U.S. ET | April 26, 2016

Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.2 million in the quarter as revenue jumped 7.6 percent to $4.82 billion.... Read More »

If Mitsubishi Motors needs help, group firms may look away

11:10 am U.S. ET | April 25, 2016

A decade ago, Japanese automaker Mitsubishi Motors survived a defect cover-up scandal through a bail-out by other Mitsubishi Group companies. Now, facing uncertainty and potential liabilities from a new scandal, it may be on its own.... Read More »

AutoNation's Q1 net income falls 14% on lower sales, Texas woes

7:09 am U.S. ET | April 22, 2016

AutoNation's net income dropped 14 percent to $95.9 million in the first quarter, though revenues rose 3.5 percent to $5.12 billion. The slide in net was due to weaker vehicle sales and charges related to a Texas hailstorm and a change in how the retailer accounts for stock-option compensation.... Read More »

Gentex Q1 profits rise 4% to $80 million

2:53 pm U.S. ET | April 22, 2016

First-quarter net income at mirror, camera and electronic component supplier Gentex Corp. rose 4 percent from a year earlier to $80.3 million.... Read More »

JCI says seating orders accelerate as Adient spinoff approaches

4:10 pm U.S. ET | April 21, 2016

On the verge of spinning off its automotive seating business into a new company called Adient, Johnson Controls said its seating orders accelerated during the first half of fiscal 2016, and were “nearly equal to full year fiscal 2015 levels."... Read More »

Lithia Q1 net eases 0.9%; revenue up 11%

9:29 am U.S. ET | April 21, 2016

Lithia Motors' net income eased 0.9 percent to $40.3 million in the first quarter from a year earlier, even as revenue grew in almost all operations, the dealership group said today.... Read More »

GM Q1 profits surge as European losses shrink

7:45 am U.S. ET | April 21, 2016

General Motors' first-quarter pretax profit surged 28 percent -- even while its global sales slipped -- as the company aggressively cut costs in troubled regions and sold pricier vehicles across its key markets.... Read More »

1 million used-sales year for CarMax

12:01 am U.S. ET | April 11, 2016

CarMax Inc., for the first time in its history, sold more than 1 million used vehicles, retail and wholesale combined, in a single fiscal year. The used-vehicle retail specialist also said it expects to open 15 new stores in the fiscal year that began March 1.... Read More »

PSA promises new profit plan as restructuring is complete

Feb. 24, 2016 08:42 CET

PSA CEO Carlos Tavares said the automaker will issue new growth targets this year after it completed a restructuring program ahead of schedule. PSA posted a 2015 profit of 1.2 billion euros, reversing a 555 million euro loss in 2014.... Read More »

Adesa parent buys Brasher auctions for $283 million

10:25 am U.S. ET | Feb. 18, 2016

KAR Auction Services, the parent company of ADESA, said it plans to acquire eight auto auctions that are part of the ServNet Auction Group.... Read More »

Toyota-led profit gains at risk as Japan's carmakers face stronger yen

11:22 am U.S. ET | Feb. 17, 2016

Japanese automakers may have run out of the fuel that's driven profits higher for four years: the weaker yen. Toyota and Japan's six other automakers may combine to earn 4.55 trillion yen ($40 billion) in the fiscal year through March 2017, according to a Bloomberg analysis.... Read More »

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 »

 
Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
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VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
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Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
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Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
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Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
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Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
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PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
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VW's Seat profit is actually a loss

Christiaan Hetzner
5:29 am U.S. ET | March 23 2016

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When is making a profit actually a loss? When you're the accountant at VW Group's underperforming Se ...
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Evoque convertible could challenge sporty German coupes

Nick Gibbs
12:01 am U.S. ET | March 22 2016

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Jaguar Land Rover finally has a model to compete with convertible versions of German premium coupes. ...
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Newsletters & Alerts
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
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European car sales rise 6% in January but VW share hit by diesel scandal
European car sales rose 6.3 percent last month, although Volkswagen, the region's No. ...
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Why French and Germans still believe in the compact minivan sector
Compact minivan sales remain valuable to French and German automakers even though more brands are qu ...
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales ros ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
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IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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New Lamborghini CEO is ex-Ferrari F1 team boss Domenicali
Lamborghini named Stefano Domenicali, a former head of Ferrari's Formula One team, as its new CEO. ...
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Honda names new Europe and North America chiefs
Honda named new chiefs for the company's operations in Europe and North America. ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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