Earnings

Ford's $1 billion profit so far in Europe surpassed annual goal

2:51 pm U.S. ET | Nov. 29, 2016

Ford has already surpassed a $1 billion profit in Europe through the first three quarters of 2016, well over the company's annual goal and nearly four times as much as it earned there in all of 2015.... Read More »

Mobileye Q3 profits rise on gains from self-driving tech products

2:36 pm U.S. ET | Nov. 15, 2016

The march toward self-driving cars has been a boon for Mobileye. The sensor supplier reported a net income of $27 million in the third quarter -- a 10 percent increase from 2015 -- as demand for its semiautonomous and fully autonomous sensor systems increases.... Read More »

Slow to keep up with truck demand, Toyota takes dive

12:01 am U.S. ET | Nov. 14, 2016

Toyota is paying a price for an over-reliance on cars in a market that's hot for pickups, crossovers and SUVs. Inadequate truck supplies, combined with big foreign exchange losses, sent Toyota Motor Corp.'s operating profit tumbling 43 percent in the latest quarter. The dive came despite aggressive cost cuts and rising worldwide sales.... Read More »

Incentives, currency sap Nissan's N.A. earnings

12:01 am U.S. ET | Nov. 14, 2016

Rising incentives, stagnating sales and swinging foreign exchange rates savaged Nissan Motor Co.'s North American operating profit in the latest quarter. Executives warn conditions will only get tougher.... Read More »

Higher yen hammers profits at Mazda, Subaru

12:01 am U.S. ET | Nov. 7, 2016

Profits tumbled in the latest quarter at Subaru and Mazda, two of Japan's smallest carmakers, as foreign exchange losses hammered earnings.... Read More »

More auctions, revenue lift profits at ADESA’s parent

3:16 pm U.S. ET | Nov. 4, 2016

Rising vehicle volume and revenue per vehicle sold at ADESA helped boost income at its parent, KAR Auction Services, 4 percent to $54.4 million in the third quarter.... Read More »

VW confirms Friday board meeting to discuss overhaul

Nov. 3, 2016 11:11 CET

VW Group's supervisory board will meet on Friday to discuss restructuring the automaker, the premier of the German state of Lower Saxony, VW's second-biggest shareholder, confirmed today.... Read More »

Magna says Q3 operating profit rises 7%

11:28 am U.S. ET | Nov. 3, 2016

Diversified Canadian auto supplier Magna posted a gain in third-quarter operating profits while acquisitions and new production programs helped fuel a surge in revenue.... Read More »

Sonic's Q3 net drops 32% on stop-sales, weakness in BMW and Houston

10:38 am U.S. ET | Nov. 1, 2016

Sonic Automotive Inc.'s third-quarter net income plummeted 32 percent from a year earlier to $18.1 million due to stop-sales of vehicles, a decline in sales by the BMW brand and weakness in the Houston market, the company said today.... Read More »

U.S. sales a rare bright spot for Mitsubishi

12:01 am U.S. ET | Oct. 29, 2016

Mitsubishi's pint-sized North American business has suddenly emerged as a sales anchor in a year of tumbling volume. While Mitsubishi's volume collapsed in virtually every other global market in the fiscal first half ended Sept. 30, North America at least held ground by staying flat.... Read More »

Tenneco Q3 net income rises with one-time gain

12:04 pm U.S. ET | Oct. 28, 2016

Tenneco reported net income of $180 million on the quarter, up from $52 million in the year-earlier period. The company benefited this past quarter from a $105 million foreign tax credit adjustment.... Read More »

AutoNation Q3 net income drops 9.5% to $107.3 million

8:00 am U.S. ET | Oct. 28, 2016

AutoNation's net income dropped 9.5 percent to $107.3 million in the third quarter as it sold fewer vehicles and suffered because of the Takata airbag recall and automakers' sales incentive programs.... Read More »

Mitsubishi Motors suffers quarterly loss; mileage scandal slashes sales

6:27 am U.S. ET | Oct. 28, 2016

Mitsubishi Motors today reported its first quarterly operating loss in nearly six years as the Japanese automaker struggles to recover from a slump in domestic sales after admitting to overstating the fuel economy on its vehicles.... Read More »

Ford Q3 profit drops 56% as North America slips

7:00 am U.S. ET | Oct. 27, 2016

CEO Mark Fields defended Ford's outlook of a “much weaker than normal” second half of the year as the company reported a 56 percent decline in third-quarter net income to $957 million today. “I would call our approach realism -- not optimism, not pessimism” Fields said in a call with financial analysts today. “It's realism.”... Read More »

Superior Industries net income rises 21% in Q3

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

Net income at aluminum wheel supplier Superior Industries International rose 21 percent in the third quarter as a $1.1 million income tax benefit offset a slight decline in sales revenue.... Read More »

BorgWarner Q3 net income drops on one-time charges

12:14 pm U.S. ET | Oct. 27, 2016

Turbocharger and emissions systems supplier BorgWarner Inc. reported today a 47 percent decline in third-quarter net profit as one-time costs offset sales gains.... Read More »

Visteon Q3 net income grows to $28 million

11:11 am U.S. ET | Oct. 27, 2016

Automotive electronics supplier Visteon today reported improved third-quarter earnings despite reduced production volumes, with net income rising to $28 million from $5 million last year.... Read More »

Tesla records 2nd profit as public company

4:31 pm U.S. ET | Oct. 26, 2016

For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter. The company on Wednesday attributed the gains -- which broke a 13-quarter streak of losses -- to record production, deliveries and revenue.... Read More »

Lear Q3 net income rises 18% to $214 million

11:44 am U.S. ET | Oct. 26, 2016

Seating and electronics supplier Lear reported an 18 percent rise in third-quarter net income to $214 million as its sales reached new heights.... Read More »

Penske Automotive Q3 net rises 1.1% to $88.5 million

10:18 am U.S. ET | Oct. 26, 2016

Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.... Read More »

GM's Q3 net more than doubles to $2.77 billion

7:30 am U.S. ET | Oct. 25, 2016

General Motors today said its net income more than doubled to a third-quarter, post-bankruptcy high of $2.77 billion, as its focus on retail sales in the U.S. bolstered transaction prices. Despite weakness in Europe, GM said its earnings for the year would be at the "high end" of forecasts.... Read More »

Asbury Q3 net drops 37 percent on lower sales

1:03 pm U.S. ET | Oct. 25, 2016

Asbury Automotive Group's third-quarter net income fell 37 percent to $32.4 million in part because of lower new- and used-vehicle sales, the company said today.... Read More »

Fiat Chrysler Q3 adjusted earnings rise 29 percent, recall costs weigh

7:49 am U.S. ET | Oct. 25, 2016

Fiat Chrysler Automobiles today reported adjusted earnings before interest and taxes of 1.5 billion euros ($1.63 billion) for the third quarter, up 29 percent, on flat revenues and despite some headwinds in North America, its largest market.... Read More »

Lithia, Group 1 return to the buy-sell arena

12:01 am U.S. ET | Oct. 24, 2016

Lithia Motors and Group 1 Automotive are back on the prowl for dealerships.... Read More »

Group 1's Q3 net falls 22% on soft energy, UK markets

10:16 am U.S. ET | Oct. 20, 2016

Group 1 Automotive's net income fell 22 percent in the third quarter to $35.4 million, hurt by sales weakness in energy-dependent markets and soft sales in the U.K. following the Brexit vote to leave the European Union.... Read More »

 
Land Rover sets sail on epic quest

Luca Ciferri
12:01 am U.S. ET | Dec. 9 2016

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Land Rover is teaming up with the UK's most successful sailor and with a former McLaren Formula One ...
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Volvo and Microsoft make the unreal real

Douglas A. Bolduc
12:01 am U.S. ET | Dec. 8 2016

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Volvo, with a big assist from Microsoft, is creating physical objects that are not physical. ...
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Why Brexit could be bad news for self-driving cars


12:01 am U.S. ET | Dec. 7 2016

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Brexit should be a wake up call to proponents of autonomous driving, said a researcher from a London-based think tank. ...
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Why Porsche, Toyota love endurance racing even as Audi quits

Christiaan Hetzner
12:01 am U.S. ET | Dec. 5 2016

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Audi said will no longer race in certain endurance events to focus on the all-electric Formula E rac ...
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Nissan exec remembers when EVs were 'doomed to fail'


8:21 am U.S. ET | Dec. 1 2016

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Nissan Europe Chairman Paul Willcox smiles when he thinks about the verbal beatings the automaker took after making its multi-billion-euro commitment to electric vehicles. ...
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BMW said to plan performance version of its i3 electric car

Graham Kozak
12:01 am U.S. ET | Nov. 30 2016

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BMW plans a performance variant of the i3 to be called the i3S, according to a UK media report that ...
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Stadler was right to pick outsider for top Audi r&d post

Christiaan Hetzner
12:01 am U.S. ET | Nov. 25 2016

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Audi CEO Rupert Stadler did the right thing when he picked a non-VW Group executive to fill his key ...
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Why VW's job cuts were always going to happen

Christiaan Hetzner
12:01 am U.S. ET | Nov. 23 2016

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VW Group's decision to save 3.7 billion euros in costs at its core brand by cutting 30,000 jobs has ...
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Mopar's Gorlier has the makings of FCA's next CEO

Larry P. Vellequette
12:01 am U.S. ET | Nov. 18 2016

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Pietro Gorlier has run an innovative business unit at Fiat Chrysler that has expanded and made lots of money and touches every facet of the company around the world. ...
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How Li Shufu will weave an empire around Volvo, Geely

Yang Jian
5:04 am U.S. ET | Nov. 15 2016

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Shortly after Geely founder Li Shufu acquired Volvo in 2010, he pledged to maintain the Swedish marq ...
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Newsletters & Alerts
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Russia sales rise nearly 1%; first increase in 2 years
New-car sales in Russia rose nearly 1 percent in November, the first monthly rise in the market sinc ...
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UK market may fall 8% next year on Brexit, Germany's VDA says
German automakers are taking a bleak view of next year's UK auto market, forecasting that demand wil ...
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UK sales rise 3% as fleet demand offsets fewer private purchases
UK new-car registrations rose by nearly 3 percent in November, putting the market on course for reco ...
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German sales gain nearly 2% as market heads for six-year high
German new-car sales rose by nearly 2 percent in November. Full-year sales are headed for their stro ...
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Mercedes all but locks down U.S. luxury sales win
Mercedes sold the most luxury autos in the U.S. again in November, virtually guaranteeing that the b ...
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VW brand's losing streak in U.S. ends with 24% gain
Volkswagen of America posted a 24 percent gain in November sales for its core brand, breaking a year ...
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Rental company demand boosts Spain sales
Spanish new-car sales rose 14 percent in November pushed by strong demand from businesses and car re ...
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Italian sales jump 8% on business demand
Italian new-car sales rose 8.2 percent in November as business buyers rushed to benefit from tax bre ...
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Renault, Toyota, Fiat gain as French sales rise 9%
French new-car sales rose by nearly 9 percent in November with Renault, Toyota, Audi and Fiat among ...
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VW Group sales gain 5% in Oct. as China offsets flat Europe
VW Group sales increased by 5 percent in October, helped by 17 percent growth in China that offset a ...
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Audi, Mercedes push key segment toward milestone
Audi, BMW and Mercedes-Benz are largely responsible for the growing success of the compact premium s ...
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Audi, BMW, Jaguar give midsize premium segment a lift
Europe's midsize premium segment grew at a near double-digit pace in the first half on new models fr ...
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Skoda, Renault, Toyota benefit from higher sales of midsize cars in Europe
Europe's midsize segment is on track for a second year of rising sales as new models from Skoda, Ren ...
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Minicars get boost from Italy rebound
European minicar sales – especially at Fiat Chrysler -- are getting a lift from the continuing ...
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Subcompact sales set to peak in Europe this year before SUVs cause decline
Demand for subcompacts in Europe will peak this year, analysts say, as competition from similar-size ...
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Aston Martin recruits former Ferrari, Maserati exec as chief technical officer
Aston Martin has named Maximilian Szwaj, a former Ferrari and Maserati executive, as its new chief t ...
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Volvo picks fast-rising Henrik Green to lead r&d
Volvo named Henrik Green its new head of r&d, giving the Swedish executive his fourth promotion in t ...
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Volvo picks fast-rising exec to lead r&d
Volvo named Henrik Green its new head of r&d, giving the Swedish executive his fourth promotion in t ...
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Renault-Nissan names new powertrain chief to drive engine integration
Renault-Nissan named veteran executive Philippe Brunet to replace its current head of engines and tr ...
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Visteon hires Daimler exec to lead driver assistance system development
Visteon has appointed Matthias Schulze of Daimler as the supplier's head of advanced driver assistan ...
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VW's new Moia brand hires high-profile former Daimler executive
VW Group's new mobility services brand, Moia, has hired Robert Henrich from Daimler as its chief ope ...
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Volvo picks McDonald's exec as first chief digital officer
Volvo has named Atif Rafiq its first chief digital officer, luring the longtime Silicon Valley execu ...
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Daimler promotes Wagener to new role of chief design officer
Daimler has promoted its head of design, Gorden Wagener to the newly created role of chief design of ...
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Renault-Nissan names new purchasing chief
Renault-Nissan has promoted Veronique Sarlat-Depotte as its new head of the alliance's joint purchasing operations. ...
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BMW names new U.S., German plant bosses
BMW has named new bosses for its U.S. factory and two key plants in Germany, ...
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Porsche enhances Panamera's 911-like looks
Porsche is hoping its second-generation Panamera will lure more European customers with the sedan's ...
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Renault keeps the Scenic family friendly
Renault has kept the Scenic’s minivan design in a move that goes against the industry trend of ...
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Kia Niro targets 2 sweet spots
The Kia Niro targets two sweet spots in the market: booming demand for high-riding SUV-styled models ...
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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. ...
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Audi Q2 targets affluent downsizers
The Audi Q2 is the first subcompact SUV/crossover from a German luxury brand. ...
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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 ...
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Seat expects Ateca to strengthen its profitability
Seat, which recently returned to profitability after years of losses, expects to further strengthen ...
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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 ...
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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 ...
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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 ...
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Suppliers to the new Fiat Tipo
Assembly of the new Fiat Tipo began in September 2015 at parent Fiat Chrysler Automobiles' joint ven ...
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Suppliers to the new Ferrari 488
Assembly of the Ferrari 488 began in June 2015 at the supercar maker's factory in Maranello, Italy. ...
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Suppliers to the new VW Tiguan
VW started production of the new Tiguan in January at its factory in Wolfsburg, Germany. Output is e ...
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Suppliers to the new Bentley Bentayga
Bentley Bentayga production began in November 2015 at the brand's factory in Crewe, England. ...
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Suppliers to the new Renault Talisman
Assembly of the new Renault Talisman began in September 2015 at Renault's factory in Douai, France. ...
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