Earnings

Ford expects $2 billion hit to 2016 net income over pension accounting change

11:47 am U.S. ET | Jan. 20, 2017

Ford Motor said Friday that a change in how it accounts for pensions will result in a $2 billion hit to its 2016 net income, according to a document filed with the Securities and Exchange Commission.... Read More »

GM's buyback, Ford's dividend show confidence even as sales peak

9:10 am U.S. ET | Jan. 11, 2017

For a year in which automakers are facing their first U.S. sales decline since the recession, 2017 is off to an awfully auspicious start. GM on Tuesday projected its fifth consecutive year of improving profit and Ford declared a special dividend.... Read More »

Ford to pay $200 million extra cash on top of regular dividend

4:58 pm U.S. ET | Jan. 10, 2017

Ford said it will pay an additional $200 million to shareholders beyond its regular first-quarter dividend and that its 2016 tax rate will be higher than previously forecast.... Read More »

GM expects more earnings growth in 2017

1:07 pm U.S. ET | Jan. 10, 2017

GM said it expects earnings per share to rise this year, topping what is expected to be a record profit for 2016, as the company launches high-margin crossovers in North America and grows sales in China.... Read More »

CarMax extends online financing program to all stores

11:00 am U.S. ET | Dec. 21, 2016

CarMax has extended its online financing, previously a pilot, to all of its stores. Separately, it said its finance arm's Tier 3 lending -- CarMax lingo for subprime -- declined in the third quarter, even as it raised its reserves against bad loans.... Read More »

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 »

 
VW seeks 'flower-power' revival with greener Microbus

Christiaan Hetzner
12:01 am U.S. ET | Jan. 18 2017

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It will take another five years but fans of the classic VW Microbus can now finally look forward to ...
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Did a leading VW exec perfect defeat device rather than stop it?

Christiaan Hetzner
8:56 am U.S. ET | Jan. 13 2017

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While he didn't introduce the emissions-test-cheating defeat device into VW's 2. ...
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Conti powertrain guru makes peace with 'different world'

Douglas A. Bolduc
12:01 am U.S. ET | Jan. 13 2017

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Continental powertrain chief Jose Avila says it has taken some time to make peace with the fast move the industry and the world are making toward cars that are powered by... ...
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The beautiful lives of Bugatti, Bentley buyers

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

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Bentley and Bugatti buyers are rich, but there is a pretty significant wealth gap between the two, a ...
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The most important vehicles at the Detroit auto show

Richard Truett
12:01 am U.S. ET | Jan. 11 2017

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The 2017 edition of the Detroit auto show won't go into the books for blockbuster introductions and ...
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In taking the wraps off super-fast EV, Faraday redefines car unveiling


12:01 am U.S. ET | Jan. 10 2017

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Faraday has struggled to find enough funding to meet its big ambitions but the Chinese start up cert ...
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Hyundai's self-driving Ioniq calmed my safety fears

Luca Ciferri
5:57 am U.S. ET | Jan. 5 2017

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I’m a big fan of autonomous driving and am eager to buy a fully self-driving car a ...
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London's new taxi blends tradition and tech


12:01 am U.S. ET | Jan. 4 2017

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The fifth generation of London's iconic Black Cab that will debut later this year will have 21st cen ...
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VW's switch to English as its company language is a key reform

Christiaan Hetzner
5:55 am U.S. ET | Dec. 15 2016

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In the future, VW Group will conduct its business in English. The change should improve the German a ...
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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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Newsletters & Alerts
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Europe car sales rise nearly 7% to 9-year high in 2016
European car sales rose 6.5 percent to 15.1 million in 2016 -- a nine-year high -- as demand was dri ...
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Russia sales slump may end this year after 11% fall in 2016
New-car sales in Russia fell 11 percent to 1.42 million last year but automakers predict the country ...
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Turkish sales forecast to drop 10% this year after record 2016
Turkish automotive sales are expected to shrink slightly more than 10 percent this year as lira depreciation hits demand. Sales rose 1. ...
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UK sales forecast to fall 5% this year after record 2016
UK sales hit a record of 2.7 million in 2016 despite fears that the country's Brexit vote could hit ...
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German sales jump nearly 4% in Dec. as Toyota leads gains
Registrations in Germany increased by nearly 4 percent in December as Toyota brand led gains among v ...
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Spanish sales grow for third year with 9% rise in December
The Spanish car market had its third consecutive year of double-digit growth in 2016 after sales ros ...
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Italy sales rise 13% in December
Italian new-car sales increased 13 percent in December, giving the market its second consecutive yea ...
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French auto market ends second rebound year with December gain
French car sales rose nearly 6 percent percent in December, closing a second consecutive year of str ...
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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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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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Uber hires Google veteran Singhal to aid self-driving engineering
Ride-hailing company Uber said it hired the man behind Google search to work closely with CEO Travis ...
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Former Nissan, Hyundai exec Rushforth joins Lookers
Former Nissan global sales chief and Hyundai Europe chief operating officer Allan Rushforth has join ...
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Fiat Chrysler names operating chiefs for China, Asia Pacific
Fiat Chrysler named Daphne Zheng as COO of China and Paul Alcala as the operating chief of Asia Paci ...
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Tesla's Autopilot head said to depart as Apple engineer hired
Sterling Anderson, Tesla's director of autopilot programs, has left the maker of electric cars, acco ...
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Pininfarina prepares to reboot with former PSA designer
Pininfarina's new design chief, Carlo Bonzanigo, will work on an array of automotive and industrial ...
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Porsche race car engineer Hitzinger joins Apple, report says
Apple poached the technical director of Porsche's race car program earlier this year, Manager Magazin reported, hiring a project manager who helped engineer the sports. ...
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Renault names new EV chief as it prepares for electric-car surge
Renault is placing an experienced troubleshooter, Gilles Normand, in charge of its electric-vehicle ...
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Varroc Lighting appoints former Magneti Marelli executive as CEO
Varroc Lighting Systems has named Stephane Vedie as its CEO, effective immediately. He is the former ...
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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 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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Smart improves ForTwo, ForFour EV variants with Renault tech
Smart has improved its EV technology for the battery-powered versions of its ForTwo and ForFour with ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Peugeot moves upscale with new 3008 SUV
The new Peugeot 3008 has been turned into an SUV from a minivan and has been given significant upgra ...
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Citroen aims C3 at Facebook generation
Citroen is aiming its new C3 firmly at younger, tech-savvy buyers who will appreciate features such ...
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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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Suppliers to the new Mercedes C-class Coupe
Assembly of the second-generation Mercedes-Benz C-class Coupe began in Bremen, Germany, in October 2 ...
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Suppliers to the new Opel/Vauxhall Astra
Assembly of the latest Opel/Vauxhall Astra began in Gliwice, Poland, in August 2015 and then in Elle ...
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Suppliers to the new Jaguar F-Pace
Assembly of Jaguar's all-new F-Pace began at parent Jaguar Land Rover's facility at Solihull, Englan ...
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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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