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 »

 
Volvo's Ingenlath achieves rare feat

Douglas A. Bolduc
12:01 am U.S. ET | June 21 2017

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Volvo's Thomas Ingenlath is among a small number of designers who have been tapped to lead a brand. ...
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Chinese carmakers declare war on foreign rivals

Yang Jian
7:59 am U.S. ET | June 19 2017

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Until recently, Chinese automakers were widely considered to be cheap, low-quality marques that were ...
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Why VW will not sell Polo in the U.S.


10:36 am U.S. ET | June 16 2017

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VW sees no profit in adding the Polo subcompact to a U.S. lineup dominated by SUVs and sedans. ...
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China's EV market: Something for everybody

Yang Jian
12:01 am U.S. ET | June 16 2017

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VW and Daimler soon will have a strong presence in the mass market for EVs in China. ...
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How engine gurus cope with the EV's rise

Douglas A. Bolduc
12:01 am U.S. ET | June 15 2017

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Engine gurus at powertrain components provider BorgWarner have some interesting views on the rise of electric vehicles. ...
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Would you buy a car from Amazon?

Chris Bryant and Andrea Felsted
12:01 am U.S. ET | June 14 2017

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The automotive retail market is too big for Amazon to ignore. ...
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Data: Gold mine or land mine?

Luca Ciferri
12:01 am U.S. ET | June 4 2017

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Fully autonomous cars are coming and many automakers believe that these highly connected vehicles will offer lucrative returns from data that they hope to sell to tech... ...
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Geely, a winner in China, faces uphill battle establishing itself overseas

Yang Jian
4:01 am U.S. ET | June 2 2017

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Geely has emerged as the largest domestic carmaker in China this year, but despite its worldwide amb ...
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Piech isolated at family gathering

Christiaan Hetzner
7:16 am U.S. ET | May 30 2017

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Ferdinand Piech made what may be the last appearance at his family's holding company that controls a ...
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After Fields, is anyone safe?

Jason Stein
12:01 am U.S. ET | May 29 2017

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Former Ford CEO Mark Fields restored European profits, renegotiated labor agreements and started a movement to the world of mobility. ...
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Newsletters & Alerts
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European sales rise 8% in May, nearing pre-crisis levels
European new-car registrations rose nearly 8 percent in May, with nearly all automakers recording sa ...
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VW, Kia and Lada make big gains as Russia sales rise 15%
New-car registrations in Russia increased 15 percent in May, the third consecutive month of higher s ...
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German sales jump 13% on fleet demand
German new-car sales rose 13 percent in May on two extra selling days and strong sales to business f ...
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Spain sales reach highest May level for 9 years
New-car sales in Spain rose 11 percent in May to the highest level for the month since 2008, helping ...
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VW among winners as Italy's market gains 8%
New-car sales in Italy rose 8.2 percent in May in the best result for the month in nine years as the ...
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French sales rise 9% in May
New-car registrations in France rose 8.9 percent in May with Seat, Ford, Fiat, Mercedes and Renault ...
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European sales fall 7% on VW, British slump
Passenger car registrations fell 7 percent in Europe in April on fewer selling days and a big slump ...
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VW, Kia, Renault benefit as Russia sales rise 7%
New-car sales in Russia rose 7 percent last month as the market's rebound gathered momentum after fo ...
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Spanish sales rise on Easter tourism boost
New-car registrations in Spain rose 1.1 percent in April, boosted by holiday rental sales. VW's Seat ...
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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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VW Golf, other volume compacts lose share to premium rivals, SUVs
The VW Golf and Ford Focus compacts are being squeezed as premium competitors such as the Mercedes A ...
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Europe's large premium SUV segment heads for record year
Europe's large premium SUV segment is on track for a record year, helped by rising sales of models s ...
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Tesla's autopilot software head quits in less than six months
Tesla's head of its autopilot software, Chris Lattner, has left the company within six months of joi ...
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Former VW design chief de Silva joins Edag to style EVs for China
Volkswagen Group's former design chief, Walter de Silva, is styling electric cars for a Chinese comp ...
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Bentley hires Nissan exec for Americas sales post
Bentley tapped a veteran automotive executive from Nissan, Mike Rocco, to become vice president of sales and operations -- a new post -- for the brand's Americas division. ...
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Finance chief Lohscheller to be Opel CEO after Neumann quits
GM's European division Opel is losing its CEO, Karl-Thomas Neumann, just as it prepares to be acquir ...
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McLaren names Melville design chief
McLaren has promoted former Land Rover and Cadillac executive Rob Melville to be its top designer. ...
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BMW Designworks chief Heilmer will head Mini design
BMW has picked Oliver Heilmer to head design at its Mini brand. Heilmer is currently president of BM ...
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Renault names new boss for India, Africa and Middle East
Renault named Fabrice Cambolive as head of the automaker's operations in Africa, the Middle East and ...
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Ford appoints Armstrong head of Europe operations
Ford named company veteran Steven Armstrong as head of its European operations. ...
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Toyota hires key U.S. marketing exec from VW
Toyota has named Volkswagen of America marketing executive Vinay Shahani its vice president of integ ...
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VW brand recruits Hyundai's Sengpiehl as global marketing chief
Volkswagen Group has recruited Hyundai's Jochen Sengpiehl to be global marketing director for its co ...
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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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Kia gives Rio better tech to challenge European rivals
Kia has added driver assistance systems not typical in small cars as well as upgraded connectivity i ...
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Mini maxes out with Countryman
The Mini Countryman has grown to become the BMW subsidiary's biggest model to date and now competes ...
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Nissan plots Micra's return to Europe's top 10
Nissan wants to re-establish the Micra subcompact as one of the 10 top-sellers in Europe's biggest a ...
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Hyundai gives i30 a tech boost
The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 ...
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Toyota gets quirky with C-HR to 'turn heads'
Toyota is a latecomer to Europe's crossover segment with the new C-HR. ...
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