Earnings

CarMax quarterly earnings fall 5.7%

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

CarMax's quarterly earnings dropped 5.7 percent, as customer demand leaned toward older, less expensive used vehicles, the retailer said. It also said a test to deliver used vehicles to customers' homes rolled into Charlotte, N.C.... Read More »

GM affirms profit and cost cutting targets

11:54 am U.S. ET | Sept. 21, 2016

GM affirmed its forecast for 2016 profit of up to $6.00 per share and said it expected to exceed its cost-savings target of $5.5 billion by 2018 as the automaker unveiled a new effort to convince investors of its value.... Read More »

Ford will huddle with stock analysts Sept. 14

12:01 am U.S. ET | Sept. 10, 2016

Ford executives will aim to reassure analysts and skeptical investors on Wednesday about its prospects amid declining profits, stagnating U.S. sales and threats emerging from Silicon Valley.... Read More »

Ford lowers 2016 pre-tax profit forecast on expanded recall

11:42 am U.S. ET | Sept. 8, 2016

Ford lowered its 2016 adjusted pre-tax profit forecast to $10.2 billion from the at least $10.8 billion it forecast in July because of a $640 million charge for an expanded vehicle recall, the company said today.... Read More »

Linamar Q2 earnings rise 31% to $121 million

3:45 pm U.S. ET | Aug. 12, 2016

Linamar Corp., boosted by gains across its business segments and an acquisition earlier this year, said it posted net earnings of $120.8 million ($157.3 million Canadian) in the second quarter -- a 31 percent increase from the year earlier period.... Read More »

In Tesla's Q2 report, traditional financial measures gain new prominence

11:00 am U.S. ET | Aug. 4, 2016

When Tesla reported second-quarter earnings on Wednesday, there was a notable twist to the financial report. It wasn't just that the company failed to hit analysts' estimates again but that it emphasized conventional financial measures. In every report since 2012, it has discussed its so-called adjusted figures before those that complied with Generally Accepted Accounting Principles, known as GAAP.... Read More »

Tesla's losses deepen as expansion costs grow

4:18 pm U.S. ET | Aug. 3, 2016

Tesla posted a loss for the 13th straight quarter and cautioned investors that it faces sharply rising expenses as it gears up to boost production capacity to add a new model.... Read More »

Delphi posts Q2 gains on automotive technology growth

8:51 am U.S. ET | Aug. 3, 2016

Delphi Automotive posted higher operating profits and improved revenue in the second quarter, driven by gains in automotive technology.... Read More »

American Axle Q2 net income rises 21%

4:14 pm U.S. ET | July 29, 2016

American Axle & Manufacturing's net income climbed 21 percent to $71 million in the second quarter from the year-earlier period, the supplier reported today. The company's revenue rose 2.1 percent to $1.02 billion in the quarter.... Read More »

Tenneco boosts net income 10% in Q2

1:31 pm U.S. ET | July 29, 2016

Tenneco, the suburban Chicago supplier of ride-control and emission control systems, reported net income of $86 million in the second quarter, a 10 percent increase from the year-earlier period.... Read More »

Visteon says it booked record $1.6 billion in new business during Q2

3:07 pm U.S. ET | July 28, 2016

Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.... Read More »

BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars

4:16 pm U.S. ET | July 28, 2016

BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.... Read More »

Lear Q2 earnings rise on gains in both seating and electronics

4:06 pm U.S. ET | July 28, 2016

Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.... Read More »

Ford posts 9% decline in Q2 profit, warns of challenges ahead

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

Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.... Read More »

Group 1's Q2 profits flat, hit by storm expenses

11:24 am U.S. ET | July 28, 2016

Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.... Read More »

Lithia's Q2 net rises 0.4% on used, service and parts gains

10:14 am U.S. ET | July 28, 2016

Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.... Read More »

Penske Automotive's Q2 net slips 0.7% on currency, interest costs.

11:20 am U.S. ET | July 28, 2016

Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.... Read More »

Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacks

3:24 pm U.S. ET | July 27, 2016

Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit.... Read More »

FCA boosts 2016 profit target as Jeep fuels Q2 rise

7:47 am U.S. ET | July 27, 2016

Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs.... Read More »

Mitsubishi Motors' Q1 operating profit tumbles 75% after mileage-cheating scandal

6:48 am U.S. ET | July 27, 2016

Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles.... Read More »

Sonic Automotive's Q2 net income surges 54%

2:11 pm U.S. ET | July 26, 2016

Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.... Read More »

Ally nearly doubles net income to $360 million in Q2

3:01 pm U.S. ET | July 26, 2016

Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases.... Read More »

Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits

10:24 am U.S. ET | July 26, 2016

Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.... Read More »

Asbury Q2 net income falls 11%

11:20 am U.S. ET | July 26, 2016

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.... Read More »

GM profits: Triumph and trouble

12:01 am U.S. ET | July 25, 2016

General Motors, riding profitable North American retail sales, posted second-quarter net income that more than doubled to $2.87 billion, as revenue rose 11 percent to $42.37 billion.... Read More »

 
MG's Chinese owners fail to revive UK brand

Nick Gibbs
12:01 am U.S. ET | Sept. 28 2016

image
MG's decision to end production in the UK shows just how tough it has been for Chinese owners SAIC t ...
 Read More ›

Bye-bye Bentley, hello Dyson?

Douglas A. Bolduc
12:01 am U.S. ET | Sept. 27 2016

image
The list of exhibitors for this week's Paris auto show is the latest indication that the industry is changing fast. ...
 Read More ›

Mercedes takes another swing at EV van niche


12:01 am U.S. ET | Sept. 22 2016

image
Mercedes will jump back into the battery-powered delivery van niche in 2018, a move that shows pressure is rising to reduce harmful emissions in Europe's congested cities. ...
 Read More ›

For VW, it's not the crime, it's the coverup

Larry P. Vellequette
12:01 am U.S. ET | Sept. 22 2016

image
I am not in the business of weighing sins, but I have noticed -- over the last year as the VW diesel emissions scandal has unfolded -- that all automotive sins are not... ...
 Read More ›

The car as a social evil: Author has hope for driverless future

Bradford Wernle
12:01 am U.S. ET | Sept. 21 2016

image
Is the automobile a social problem? In author and Pulitzer Prize winner Edward Humes's view, the car is worse than that -- it's a health and economic problem as well. ...
 Read More ›

Nissan's ProPilot system lightens the load of driving

Hans Greimel
12:01 am U.S. ET | Sept. 20 2016

image
Nissan's ProPilot semi-autonomous driving technology can steer around curves and slow down for traff ...
 Read More ›

Why Tesla is a different story

Luca Ciferri
12:01 am U.S. ET | Sept. 16 2016

image
Tesla's ability to create desire for its products and to build fierce brand loyalty resembles what A ...
 Read More ›

Why GM won't sell 'breakthrough' EV in the UK

Nick Gibbs
7:34 am U.S. ET | Sept. 14 2016

image
General Motors decided not to sell the Ampera-e, its first full EV, in the UK because the automaker was burned by the sales failure of the Ampera plug-in hybrid. ...
 Read More ›

Opel's Ampera bombed, but thankfully for its successor no one noticed


12:01 am U.S. ET | Sept. 13 2016

image
One of the eco-friendly highlights premiering at the Paris auto show will be the Ampera-e, Opel's se ...
 Read More ›

Renault movie fishes for new Scenic buyers

Luca Ciferri
8:57 am U.S. ET | Sept. 8 2016

image
To give a modern take on its latest Scenic model, Renault has recruited an Italian movie maker to ma ...
 Read More ›

Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
image
European car sales rise nearly 10 percent in August
New-car sales rose 9.5 percent in Europe last month. ...
 Read More ›
image
Russia car sales fall 18% in August
New-car sales in Russia fell 18 percent in August as buyers continued to shun major purchases as the ...
 Read More ›
image
Western Europe car sales rise 8% in August
New-car sales in Western Europe rose 8.1 percent in August, thanks to increased demand in Italy, Spa ...
 Read More ›
image
UK sales rise just 3% in August as VW takes big hit
UK passenger car registrations rose by 3.3 percent in August although VW brand's volume fell by 25 p ...
 Read More ›
French, Italy, Spain car sales rise in August
French registrations increased by 6.7 percent in August with most brands reporting gains. Italy sales were up 20 percent while Spanish sales rose 15 percent. ...
 Read More ›
image
VW brand suffers most as car sales fall 2% in Europe's top 5 markets in July
VW brand car sales fell steeply in Europe's top five markets in July as the automaker continued to s ...
 Read More ›
image
Lada defies Russian market slump with new Western-style cars
Lada bucked the Russia's steep slump with a 4 percent rise in sales last month in a market down 17 p ...
 Read More ›
image
UK car sales flat in July amid signs of a consumer slowdown
British new-car sales were flat in July but demand from private consumers fell, suggesting a hit to ...
 Read More ›
image
Western Europe sales fall 2% in first monthly decline since 2013
New-car sales in western Europe fell 2 percent in July, the first monthly decline since August 2013, ...
 Read More ›
image
Ford's European quality boss Herrmann to head German operations
Ford of Europe quality chief Gunnar Herrmann will be the next head of the automaker's German operati ...
 Read More ›
image
Infiniti names Picello new Europe boss
Infiniti named veteran sales and marketing executive Raoul Picello its new head of Europe, Middle Ea ...
 Read More ›
image
Volvo names new electrics, electronics boss
Volvo has appointed Oedgaerd Andersson as its head of electrics, electronics and chassis as the auto ...
 Read More ›
image
Aston Martin loses top exec to Dyson
Aston Martin's former product development director has moved to Dyson, adding substance to reports that the consumer electronics maker is developing an electric car. ...
 Read More ›
image
BMW taps veteran manager to lead China JV
BMW Group appointed veteran manager Johann Wieland to be CEO of BMW Brilliance Automotive, a 50-50 j ...
 Read More ›
image
Bentley recruits new sales chief from VW's Seat
Bentley named Andreas Offermann from VW Group's Seat brand as its new sales and marketing chief as t ...
 Read More ›
image
Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
 Read More ›
image
Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
 Read More ›
image
Audi lures Volvo exec to lead electrics unit
Audi has hired former high-ranking Volvo executive Thomas Mueller to be its head of electrics/electr ...
 Read More ›
image
Volkswagen Group appoints China chief for VW brand
VW Group appointed veteran manager Stephan Woellenstein to the newly created position of CEO for the ...
 Read More ›
image
S90, V90 are key to Volvo's continued revival
Volvo expects the S90 and V90 will be big steps in the automaker's revival but a challenge looms. ...
 Read More ›
image
Audi Q2 targets affluent downsizers
The Audi Q2 is the first subcompact SUV/crossover from a German luxury brand. ...
 Read More ›
image
Hyundai sees Ioniq as brand hero
Hyundai sees its new Ioniq as its green flagship and a key image booster in Europe even if sales wil ...
 Read More ›
image
Seat expects Ateca to strengthen its profitability
Seat, which recently returned to profitability after years of losses, expects to further strengthen ...
 Read More ›
image
Ford makes Edge its European flagship
Ford says it will target premium rivals including the Volvo XC60 and Audi Q5 with its new European f ...
 Read More ›
image
Cadillac XT5 price undercuts rivals in Europe
Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium ...
 Read More ›
image
Honda hopes NSX halo effect will give automaker a boost in Europe
Honda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise ...
 Read More ›
image
Alfa touts Giulia's driving dynamics
Alfa Romeo claims its new Giulia has better driving dynamics than rivals such as the BMW 3 series be ...
 Read More ›
image
Suzuki Baleno is company's first model in Europe with fuel-saving mild hybrid
Suzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the fi ...
 Read More ›
image
MG aims first SUV at budget buyers
MG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budge ...
 Read More ›
image
Suppliers to the new VW Tiguan
VW started production of the new Tiguan in January at its factory in Wolfsburg, Germany. Output is e ...
 Read More ›
image
Suppliers to the new Bentley Bentayga
Bentley Bentayga production began in November 2015 at the brand's factory in Crewe, England. ...
 Read More ›
image
Suppliers to the new Renault Talisman
Assembly of the new Renault Talisman began in September 2015 at Renault's factory in Douai, France. ...
 Read More ›
image
Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
 Read More ›