Earnings

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 »

Autoliv net income gains 8.5% in Q2 as airbag business grows

12:46 pm U.S. ET | July 22, 2016

Swedish safety products supplier Autoliv said it posted gains across all its product lines during the second quarter as it generated more airbag business than expected in the wake of the Takata recall crisis.... Read More »

GM Q2 net income more than doubles to $2.87 billion

7:30 am U.S. ET | July 21, 2016

General Motors' strategy of focusing on retail sales in North America paid off in the second quarter, with net income more than doubling from the year-earlier quarter. GM reported overall net income of $2.87 billion in the second quarter, up from $1.12 billion in the second quarter of 2015.... Read More »

JCI's auto unit posts record quarterly profit with spinoff approaching

1:50 pm U.S. ET | July 21, 2016

Johnson Controls reported record income in its fiscal third quarter for its automotive unit, even as revenue fell 19 percent due in part to the deconsolidation of its interiors business.... Read More »

Dana Q2 net income falls 10% as company tweaks its corporate name

11:02 am U.S. ET | July 21, 2016

Dana Holding today reported a 10 percent decline in second-quarter net income to $53 million on lower sales in its commercial vehicle and off-highway driveline units. The company also tweaked its official name for the second time in eight years.... Read More »

 
Delphi, Mobileye deal may hasten decline of car brands

Christiaan Hetzner
7:58 am U.S. ET | Aug. 29 2016

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How do you create a meaningful brand experience when driving becomes only a means to an end? That is ...
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Ghosn's life-changing post-Christmas offer

Douglas A. Bolduc
5:37 am U.S. ET | Aug. 22 2016

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Carlos Ghosn's powers of persuasion are very hard to resist, Nissan Brazil's current boss learned on Dec. 26. 2011. ...
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Automakers face uncertainty over key Chinese government policies

Yang Jian
6:24 am U.S. ET | Aug. 19 2016

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Auto executives in China are worried these days. ...
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Confessions of a diesel junkie


12:01 am U.S. ET | Aug. 3 2016

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My plan to someday drive off into the sunset in a diesel-powered car at the conclusion of my career ...
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Newsletters & Alerts
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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 ...
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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 ...
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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 ...
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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, ...
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German car sales fell 3.9% in July as VW Group takes big hit
New-car sales in Germany fell 3.9 percent in July on fewer selling days, with VW Group brands suffer ...
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Italy car sales growth slows to 2.9% in July
New-car sales in Italy grew by 2.9 percent in July -- less than the double-digit growth recorded in ...
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French new-car sales plunged nearly 10% in July
French car sales fell 9.6 percent in July on fewer selling days with PSA and VW Group suffering stee ...
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Europe's first-half sales growth beats predictions, but Brexit could slow surge
Europe's first-half car sales grew by a stronger-than-expected 9.1 percent with nearly every automak ...
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European June car sales slow as Brexit vote reduces confidence
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighe ...
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Russia car sales fall 13% in June
Russian car sales fell 13 percent in June as an economic crisis driven by low oil prices and Western ...
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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 ...
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Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
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Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
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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 ...
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Volkswagen Group appoints China chief for VW brand
VW Group appointed veteran manager Stephan Woellenstein to the newly created position of CEO for the ...
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Ford promotes UK exec Periam to Europe finance chief
Ford executive Will Periam is the new chief financial officer of the automaker's European subsidiary ...
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Ex-Mini design chief Warming joins Chinese-backed Borgward
Borgward, a German brand that has been revived with Chinese backing, has recruited Mini's former des ...
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PSA names new Peugeot, China, Europe chiefs
PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions. ...
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Daimler promotes Turkish unit boss Seeger to Mercedes sales and marketing chief
Daimler named Britta Seeger as global sales and marketing head of Mercedes cars. ...
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BMW names former F1 exec Duesmann as new purchasing chief
BMW has appointed Markus Duesmann, its former Formula One powertrain boss and current engine guru, t ...
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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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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 ...
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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 ...
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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 ...
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Maserati expects first SUV to become its best-seller
Maserati is embracing the boom in luxury SUV sales with the launch of its Levante crossover, which t ...
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McLaren aims cozy 570GT at new audience
McLaren says that the 570GT is the first supercar it has produced that was not conceived primarily w ...
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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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Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
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Suppliers to the new Audi A4
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany ...
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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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