Earnings

Honda posts surprise quarterly loss, dragged down by Takata recalls

5:28 am U.S. ET | May 13, 2016

Honda posted a surprise net loss for its most recent quarter as its quality-related costs -- mostly to recall Takata-made airbag inflators -- nearly quadrupled for the full business year.... Read More »

Bill Ford defends CEO Fields as shareholders gripe about stock price

9:57 am U.S. ET | May 12, 2016

Ford Motor Executive Chairman Bill Ford defended the company's CEO, Mark Fields, when shareholders complained today about the company's sinking stock price. One investor made a request to bring back former CEO Alan Mulally as an adviser.... Read More »

Nissan quarterly operating profit surges 20% on N.A. gains

8:52 am U.S. ET | May 12, 2016

North America powered Nissan to a 20 percent surge in global operating profit in the latest quarter thanks to hot-selling crossovers.... Read More »

VW asks shareholders to back management at annual meeting

May 11, 2016 14:33 CET

VW Group is recommending that shareholders ratify the actions of its management board at its annual meeting since an investigation into the company's emissions scandal has so far failed to turn up wrongdoing by senior managers.... Read More »

American Axle Q1 profits rise 15% on lower costs

10:55 am U.S. ET | May 6, 2016

Drivetrain supplier American Axle & Manufacturing Holdings posted $61.1 million in net income in the first quarter, a 15 percent gain year-over-year.... Read More »

Tesla shares fall 5% on cash concerns, doubt about manufacturing goals

2:12 pm U.S. ET | May 5, 2016

Tesla Motors shares fell 5 percent today after the company, aiming to dramatically boost production, withdrew its projection to generate more cash than it uses this year and said it will probably need to raise capital.... Read More »

Magna's Q1 profit rises on increased vehicle production, Getrag acquisition

9:20 am U.S. ET | May 5, 2016

Canadian auto supplier Magna International today reported an 8 percent rise in first-quarter profit, helped by higher vehicle production in North America and Europe along with the completion of a major acquisition.... Read More »

Delphi doubles Q1 net income following acquisition, global growth

9:29 am U.S. ET | May 4, 2016

Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.... Read More »

Ford: Record quarter starts a 'strong year'

12:01 am U.S. ET | May 2, 2016

Higher first-quarter sales of the redesigned F-150 and a retooled crossover lineup drove Ford Motor Co. to the highest quarterly pretax profit in its 113-year history and its best-ever results in North America.... Read More »

Joe Hinrichs has Ford humming

12:01 am U.S. ET | May 2, 2016

Since 2011, Ford Motor Co. has earned pretax profits totaling $45 billion in North America. It lost $1.8 billion in the rest of the world. And North America's position as Ford's profit driver keeps getting stronger. Ford's president of the Americas has a lot to do with that.... Read More »

Renault defends Ghosn's $8 million pay amid shareholder revolt

April 29, 2016 18:27 CET

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's package.... Read More »

Ford profits soar on F-150 sales, Europe rebound

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

Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs.... Read More »

Visteon reports drop in Q1 net income but gross margin rises

3:31 pm U.S. ET | April 28, 2016

Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.... Read More »

BorgWarner Q1 adjusted earnings rise 5%

11:19 am U.S. ET | April 28, 2016

Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.... Read More »

Group 1 CEO says automakers need to cut production

12:01 pm U.S. ET | April 27, 2016

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.... Read More »

Superior Industries more than triples Q1 net income

3:21 pm U.S. ET | April 27, 2016

Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.... Read More »

Icahn's Federal-Mogul returns to profitability in Q1

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

Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.... Read More »

Lear net income surges 69% in Q1

1:13 pm U.S. ET | April 27, 2016

Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.... Read More »

PSA Q1 revenue falls as car sales decline in China

April 27, 2016 09:36 CET

PSA's first-quarter revenue fell 1.4 percent as Europe's second-biggest carmaker struggled to increase sales outside its home market and contended with currency shifts. Sales amounted to 13 billion euros ($14.7 billion). That compares with a restated 13.2 billion euros a year earlier.... Read More »

Asbury Q1 net down 14%; will open used-car stores despite slow sales

11:34 am U.S. ET | April 26, 2016

Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.... Read More »

Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flat

9:25 am U.S. ET | April 26, 2016

Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.... Read More »

Penske Q1 net rises 5.7% on higher sales

9:28 am U.S. ET | April 26, 2016

Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.2 million in the quarter as revenue jumped 7.6 percent to $4.82 billion.... Read More »

If Mitsubishi Motors needs help, group firms may look away

11:10 am U.S. ET | April 25, 2016

A decade ago, Japanese automaker Mitsubishi Motors survived a defect cover-up scandal through a bail-out by other Mitsubishi Group companies. Now, facing uncertainty and potential liabilities from a new scandal, it may be on its own.... Read More »

AutoNation's Q1 net income falls 14% on lower sales, Texas woes

7:09 am U.S. ET | April 22, 2016

AutoNation's net income dropped 14 percent to $95.9 million in the first quarter, though revenues rose 3.5 percent to $5.12 billion. The slide in net was due to weaker vehicle sales and charges related to a Texas hailstorm and a change in how the retailer accounts for stock-option compensation.... Read More »

Gentex Q1 profits rise 4% to $80 million

2:53 pm U.S. ET | April 22, 2016

First-quarter net income at mirror, camera and electronic component supplier Gentex Corp. rose 4 percent from a year earlier to $80.3 million.... Read More »

 
Why Mercedes is overtaking German rivals in China


12:01 am U.S. ET | May 27 2016

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Mercedes which used to be far behind Audi and BMW in China's luxury market, is rapidly closing the g ...
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McLaren goes to new heights with the 570GT

Douglas A. Bolduc
2:45 am U.S. ET | May 26 2016 UPDATED: May 26 15:45 CET -- adds photos

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McLaren went to new heights for the media launch of its latest model. ...
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Germany deserves rebuff from Italy and Fiat

Christiaan Hetzner
10:20 am U.S. ET | May 25 2016

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No European government looks good when it comes to auto industry oversight, but Germany appears to b ...
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Entrusting my life to Audi's self-driving car

Christiaan Hetzner
7:44 am U.S. ET | May 18 2016

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Having entrusted my life to quite a few frightening and potentially defective roller coasters in my ...
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VW pays out high rewards for failure

Christiaan Hetzner
6:15 am U.S. ET | May 17 2016

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UK hedge fund TCI says VW Group's top management together will have been paid about 400 million euro ...
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Risk rises for in-car buttons as gestures take control

Douglas A. Bolduc
12:01 am U.S. ET | May 15 2016

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The future of in-car switches and buttons looks uncertain as Continental has developed a solution th ...
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In Paris, a feast of urban mobility options

Bradford Wernle
12:01 am U.S. ET | May 13 2016

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If you want to see how a future city without cars is beginning to take shape, take a quick trip to P ...
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VW is wrong to seek to clear its leadership over its diesel scandal


4:41 am U.S. ET | May 12 2016

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Volkswagen's plan to ask shareholders at its annual meeting to ratify the actions of its management ...
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Radio's surprising role in race to reduce CO2

Douglas A. Bolduc
7:39 am U.S. ET | May 12 2016

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Audi disagrees with radio broadcasters in Europe that FM, digital and internet audio services need to be offered side by side in future cars because the move would hamper... ...
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Audi could be mulling a Maybach rival

Jay Ramey
12:01 am U.S. ET | May 11 2016

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Audi is thinking about taking on Mercedes-Benz at the very top of the luxury market by fielding a mo ...
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VW Group sales flat as Audi, Skoda growth eclipsed by core brand's decline
VW Group sales were flat last month as growth at Audi and Skoda failed to offset a decline in delive ...
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European car sales rise 9% in April; VW brand back to growth
European new-car sales rose 9 percent in April with nearly all automakers recording sales increases ...
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Russia car sales fall to 10-year low
New-car sales in Russia fell 8. ...
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Western Europe car sales increase 8% in April
Western European car registrations increased 8 percent in April as demand rose last month in Germany ...
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UK car sales rise 2% in April
UK new-car registrations rose 2 percent last month even as sales of the market's three best-selling ...
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German car sales rose 8% in April, adding to France, Italy, Spain gains
German new-car registrations rose 8 percent in April, joining robust growth in France, Italy and Spa ...
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French car sales rise nearly 7% in April
French new-car sales rose nearly 7 percent in April, boosted by strong gains at foreign automakers i ...
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
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Porsche names IT expert Koslowski as head of a new digital unit
Porsche named automotive IT expert Thilo Koslowski as head of a newly created digital unit tasked wi ...
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Porsche names IT expert Koslowski as head of a new digital unit
Porsche named automotive IT expert Thilo Koslowski as head of a newly created digital unit tasked wi ...
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Alfa and Maserati get new chief
Reid Bigland replaces Harald Wester as head of Alfa Romeo and Maserati. Bigland will also continue a ...
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Cadillac Europe's chief to lead the brand in China
Andreas Schaaf, Cadillac's European chief, has been appointed the brand's vice president for China, ...
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Tesla taps Audi exec to oversee manufacturing
Tesla hired Audi executive Peter Hochholdinger as vice president of vehicle production. ...
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Qatar will nominate former IT minister to VW board
Volkswagen investor Qatar will nominate former IT minister Hessa Al-Jaber to represent the emirate o ...
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Nissan adds a sustainability chief
Nissan appointed its first chief sustainability officer, charged with leading the company on such issues as resource conservation, vehicle safety, quality and fuel efficiency. ...
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PSA's marketing revamp will be headed by Renault veteran
PSA Group's new head of sales and marketing, Stephen Norman, will lead an overhaul of the automaker' ...
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Porsche development chief Hatz to leave company
Porsche said its development chief, Wolfgang Hatz, has left the company amid parent VW Group's emiss ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
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Audi SQ7's electric compressor banishes turbo lag
Audi's SQ7 is the world's first production vehicle equipped with an electric powered compressor, whi ...
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F-Pace set to become Jaguar's top-seller
Jaguar expects the F-Pace to become the brand's best-selling model to date after record advance sale ...
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Porsche turbocharges new Boxster
Porsche is repositioning its latest Boxster with a new name, a higher price tag, and a new four-cyli ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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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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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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