Earnings

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 »

VW shareholder Lower Saxony declines to back Winterkorn, Diess

June 23, 2016 09:06 CET

The German state of Lower Saxony, Volkswagen Group's second-largest shareholder, refused to sign off on the actions last year of former CEO Martin Winterkorn and current VW brand chief Herbert Diess in an unusual public split among the automaker's close-knit owners.... Read More »

VW chairman under fire from investors for dual role in crisis

June 22, 2016 09:55 CET

VW Group Chairman Hans Dieter Poetsch bore the brunt of investor dissatisfaction over the automaker's handling of its emissions cheating scandal during the company's annual shareholder meeting today, with some even trying to remove him as host of the gathering..... Read More »

CHRISTIAAN HETZNER

BLOG: VW's long day as shareholders quiz management

6:40 am U.S. ET | June 22, 2016

As Volkswagen's 56th annual shareholder meeting began there were still long lines of people waiting patiently to get into the hall at what promises to be an extraordinary and very lengthy gathering, during which the automaker is expected to face some acrimonious questioning.... Read More »

CHRISTIAAN HETZNER

BLOG: VW's long day as shareholders quiz management

6:40 am U.S. ET | June 22, 2016

As Volkswagen's 56th annual shareholder meeting began there were still long lines of people waiting patiently to get into the hall at what promises to be an extraordinary and very lengthy gathering, during which the automaker is expected to face some acrimonious questioning.... Read More »

CarMax quarterly earnings slide 3.6% despite revenue gain

2:37 pm U.S. ET | June 21, 2016

CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.... Read More »

Porsche-Piech clan close ranks ahead of VW annual meeting

June 16, 2016 23:01 CET

The Piech and Porsche families who control Volkswagen displayed unity ahead of next week's annual shareholder meeting, just as the carmaker is reshaping its business following a diesel emissions scandal.... Read More »

VIDEO: AutoNews Now: Barra: GM holds triple edge

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

Barra: GM holds triple edge; Infiniti self-driving car push; Forecast: 21 million autonomous cars by '35; Bigger Ford Fiesta spied; Kia Mexico update; BMW exec's 'Brexit' advice.... Read More »

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 »

 
PSA bravely reveals industry's dirty secret

Luca Ciferri
12:01 am U.S. ET | July 7 2016

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Give credit to PSA for being bold enough to reveal in great detail something none of its rivals woul ...
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How to push self-driving tech to the limits without the risks

Nick Gibbs
12:01 am U.S. ET | July 6 2016

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There's a risk-free way to push autonomous cars to their limits. A simulator in the UK is going to d ...
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Volvo defies gravity

Luca Ciferri
8:33 am U.S. ET | July 5 2016

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Volvo doesn't consider itself a true global player in the premium segment. ...
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BMW CEO scores first big win with Intel, Mobileye deal

Christiaan Hetzner
10:40 am U.S. ET | July 2 2016

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Led by CEO Harald Krueger, BMW's strong push into autonomous driving with Intel and Mobileye could b ...
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Why Europe's car buyer categories need a shake-up

Douglas A. Bolduc
4:49 am U.S. ET | July 1 2016

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Johnson Controls says current car buyer categories aren't telling the full story. ...
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Nissan struggles to make sense of Sunderland shocker

Nick Gibbs
5:42 am U.S. ET | June 28 2016

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Nissan's team in the UK is “shell-shocked” by the decision of the country's voters to leave the EU, a person close to the company told me. ...
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Goodbye to the Europe I knew

Bradford Wernle
12:01 am U.S. ET | June 27 2016

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I am deeply shocked and disappointed by the decision of British voters to leave the European Union. ...
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Recapping Toyota's traumatic loss at Le Mans

Luca Ciferri
12:01 am U.S. ET | June 23 2016

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Toyota was reminded of how cruel motorsports can be when it lost the 24 Hours of Le Mans to Porsche ...
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VW's long day as shareholders quiz management

Christiaan Hetzner
6:40 am U.S. ET | June 22 2016

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As Volkswagen's 56th annual shareholder meeting began there were still long lines of people waiting ...
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Probe overshadows VW's annual meeting

Christiaan Hetzner
7:01 am U.S. ET | June 21 2016

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When VW shareholders gather for their annual meeting it is sure to be a turbulent event, not least b ...
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Newsletters & Alerts
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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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UK's June car sales fall; gov't asked for support
UK car sales fell for only the second time in more than four years in June, prompting an industry bo ...
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W. Europe car sales up 6% in June despite UK decline
Western European car registrations increased nearly 6 percent in June as demand rose last month in G ...
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VW Group sales rise nearly 2% in May, helped by Audi, Skoda gains
Volkswagen Group's global sales rose 1.6 percent in May, helped by rising demand for Audi and Skoda ...
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VW brand sales stable as Europe, China demand offsets drops in U.S., Brazil
Volkswagen brand sales slipped 0.7 percent last month with gains in Europe and China offsetting decl ...
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Russia car sales fall 15% in May
New-car sales in Russia fell 15 percent in May, after an 8. ...
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Western Europe car sales rise 14% in May
Western European car registrations increased 14 percent in May as demand rose last month in Germany, ...
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Mercedes SUVs help boost U.S. sales lead over Lexus, BMW
Mercedes outsold its luxury auto competitors in the U.S. in May, building its lead in a down month t ...
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VW sales in U.S. fall 17% for worst May since 2010
Continued weakness in car deliveries led Volkswagen of America to its worst May U.S. ...
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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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Fiat Chrysler creates post to oversee global regulatory compliance
Fiat Chrysler as appointed longtime engineering executive Mark Chernoby to a new role as the automaker's global chief technical compliance officer. ...
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VW's Seat recruits new sales boss from Audi
VW Group's Seat brand has recruited Audi veteran Wayne Griffiths as its new sales and marketing boss ...
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Daimler lures exec from Citroen to lead digital sales unit at Mercedes
Daimler has hired a former Citroen executive to run a new department focused on technology sales and ...
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FCA's U.S. communications chief Ranieri returns to Italy
Gualberto Ranieri, the senior vice president for communications for Fiat Chrysler Automobiles' subsidiary, FCA US, has returned to Italy, seven years after arriving to work... ...
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Former Audi, Mercedes exec named new Cadillac Europe boss
GM has appointed former Audi and Mercedes executive Felix Weller as head of Cadillac Europe as it tr ...
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VW veteran Powels faces tough task in South America
VW brand named David Powels as head of its South American operations. Powels faces a tough challenge ...
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Faraday names Ferrari exec Mattiacci global brand chief
Electric vehicle startup Faraday Future appointed longtime Ferrari executive Marco Mattiacci to the post of global chief brand and commercial officer. ...
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GM names Boler-Davis head of global manufacturing
General Motors named Alicia Boler-Davis as its head of global manufacturing and labor relations, the ...
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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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VW Tiguan offers more room, less weight
Volkswagen has made its new Tiguan lighter, roomier and added more technology as standard equipment ...
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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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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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