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 »

 
BMW's cycle 'hyperloop' is a vision for fast, pollution-free city travel

Nick Gibbs
5:14 am U.S. ET | Nov. 22 2017

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As China seeks to restrict the use of private cars in its congested and polluted megacities, BMW see ...
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Bentley Bentayga's autonomous tech tops Audi's

Nick Gibbs
9:46 am U.S. ET | Nov. 16 2017

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Driving the Bentley Bentayga shows just how sophisticated self-driving technology has become as its ...
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French tech company NAWA sees ultracapacitor battery breakthrough

Nick Gibbs
5:53 am U.S. ET | Nov. 14 2017

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French tech company NAWA believes it has found a way to boost the power of ultracapacitor batteries ...
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Why Vauxhall is likely to survive despite a steep sales slump

Nick Gibbs
4:56 am U.S. ET | Nov. 13 2017

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PSA's strategy to reduce non-profitable car sales is harming Vauxhall, which saw sales plunge drop 3 ...
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Volvo's subscription plan could be a boon for dealers too

Luca Ciferri
12:01 am U.S. ET | Nov. 12 2017

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Volvo seems to have found a new way to get its vehicles into the hands of customers that is digital, ...
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Without PSA tech, Opel could have been killed by EU CO2 fines

Luca Ciferri
6:08 am U.S. ET | Nov. 10 2017

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The EU's target to reduce CO2 emissions from new-car fleets to a 95 gram per km average by 2020-2021 might have been the kiss of death for Opel/Vauxhall if PSA hadn't stepped. ...
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Europe's automakers score a win with new CO2 targets

Christiaan Hetzner
4:36 am U.S. ET | Nov. 9 2017

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Outwardly Europe's carmakers are complaining about the EU's proposed fleet emission targets through ...
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Car rejection claims 'totally false,' Seat CEO says

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

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Seat CEO Luca de Meo says claims that a growing number of people are rejecting car ownership are "to ...
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PSA's Opel purchase leaves Citroen odd man out

Peter Sigal
12:01 am U.S. ET | Nov. 1 2017

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PSA's purchase of Opel means the automaker now has three mass-market European brands. This could be ...
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VW brand's profit margin goal is too easy

Christiaan Hetzner
6:28 am U.S. ET | Oct. 30 2017

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VW brand's turnaround plan is not even a year old and yet next month the brand's CEO, Herbert Diess, ...
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Newsletters & Alerts
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Renault, Toyota lead 6% European sales gain
European car sales rose nearly 6 percent in October, with Renault, Toyota and VW Group's Seat brand ...
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Ford, Nissan among winners as Russia sales rise 17%
Ford and Nissan had big jumps in new-car sales in a Russian market where overall volume increased 17 ...
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UK sales slump 12% in Oct. in 7th monthly decline
UK registrations in October fell by 12 percent, marking a seventh consecutive month of decline. Vaux ...
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Spanish sales rise 14% in Oct. despite political tensions over Catalonia
Spain's new-car sales increased 14 percent in October even as tensions over Catalonia's bid to gain ...
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Italy's record month benefits French brands, Toyota but FCA sales decline
French brands were among the winners in an Italian market that had a record month for new-car sales ...
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German market's 4% growth helps Peugeot, Citroen but Opel drops back
PSA's mainstream brands, Peugeot and Citroen, powered ahead in a German market up nearly 4 percent l ...
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French sales jump 14% with Nissan, Toyota among winners
French new-car sales rose 14 percent in October, with Nissan and Toyota among the winners. ...
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Europe sales drop 2% as Brexit concerns hit UK demand
European new-car sales fell 2 percent in September as concerns about Brexit among UK consumers offse ...
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Ford, Kia among winners as Russia sales rose 18% in Sept.
Russia's car market is expected to grow by 11 percent this year after sales rose 18 percent last mon ...
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German sales fall 3% in Sept. on diesel worries
German new-car sales fell 3.3 percent in September as uncertainty over the future of diesel-powered ...
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Premium midsize SUVs overtake sedans, wagons in key European segment
Last year for the first time premium SUV models such as the Volvo XC60, Audi Q5 and BMW X3 were more ...
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Renault, Mercedes, Fiat give new life to pickup segment
Renault, Fiat, Mercedes, and soon PSA, are all launching pickup trucks to take on market leader Ford ...
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Automakers add more tech to subcompact cars to boost margins
New models, increased technology and a strong focus on personalization are helping volume automakers ...
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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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Kia promotes Russia chief to Europe president
Kia veteran Yong Kew Park, who oversaw the brand's rise to the No. 2 in spot in Russia, has been app ...
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VW Group Canada names new CEO
VW Group said Daniel Weissland will take over its Canada operations. He succeeds Maria Stenstrom, wh ...
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Tesla's head of battery engineering leaves
Tesla's director of battery engineering, Jon Wagner, has left the electric carmaker and is launching a battery and powertrain startup in California. ...
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VW brand appoints new Europe sales chief
VW brand has appointed Manfred Kantner as head of sales in Europe. ...
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Hyundai recruits another BMW engineer for Genesis
Hyundai has recruited BMW engineer Fayez Abdul Rahman to lead architecture development at Genesis an ...
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BMW recruits Audi exec to head brand management
BMW has appointed former Audi manager Sven Schuwirth as head of brand's product management and marke ...
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Ford names new manufacturing boss for Europe; veteran exec Odell to retire
Ford named a new manufacturing boss and a new head of joint ventures and alliances in Europe as part ...
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Kia hires PSA designer to lead China styling team
Kia has hired veteran designer Oleg Son from PSA to be the Korean brand's design chief in China. Ole ...
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Infiniti appoints French exec Meunier as global sales chief
Nissan's Infiniti appointed company veteran Christian Meunier to the newly created role of head of g ...
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Renault touts Alaskan's comfort features
Renault is seeking to capture a share of Europe's small-but-growing pickup segment with the Alaskan, ...
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Mercedes pickup aims to mimic success of brand's SUVs
Daimler hopes the Mercedes X class will be a game-changer for its light commercial vehicles division ...
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Opel Grandland X plugs key gap in SUV lineup
Opel's Grandland X crossover is expected to give the automaker a strong foothold in Europe's popular ...
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Why Kia sees Stonic as groundbreaker
Kia sees the new Stonic as its best opportunity to date to conquer those European customers who rema ...
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'Chic' VW Polo targets younger buyers
VW is repositioning the Polo subcompact to appeal to younger buyers, abandoning an approach in which ...
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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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Suppliers to the new Aston Martin DB11
Assembly of the all-new Aston Martin DB11 began in May 2016 in at the supercar maker's plant in Gayd ...
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Suppliers to the new Audi Q2
Assembly of the all-new Audi Q2 began in July 2016 at Audi's plant in Ingolstadt, Germany. ...
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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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