Earnings

Grammer rejects call to replace chairman in shareholder tussle

May 24, 2017 14:44 CET

German supplier Grammer braced for a showdown with Bosnian investor group Cascade at its shareholders' meeting, rejecting a demand to replace the chairman of the annual general meeting.... Read More »

Audi pledges transparency amid emissions probes

May 18, 2017 10:14 CET

Dealers for the FAW-VW joint venture in China fear that plans for an Audi joint venture with VW Group's southern JV partner SAIC to build and sell Audi vehicles via SAIC-VW's retail network will hit their sales.... Read More »

Virtual meeting met with mixed reviews

12:01 am U.S. ET | May 15, 2017

Ford Motor Co.'s annual shareholders meeting, normally held in Wilmington, Del., was held virtually this year for the first time in its 62-year history.... Read More »

Ford's annual meeting was virtual, but its troubles are real

6:31 am U.S. ET | May 11, 2017

Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.... Read More »

UAW's net assets fell in 2016 while membership grew 1.8%

3:50 pm U.S. ET | April 3, 2017

The UAW's net assets fell 7.9 percent from a year earlier to $861.7 million at the end of 2016, but membership rose 1.8 percent to 415,963 workers.... Read More »

NEWS ANALYSIS

Porsche family ready to bring in younger generation

April 1, 2017 06:01 CET

Ferdinand Piech's seat on the board of VW Group's majority shareholder could be taken by his nephew, Josef Ahorner. The move would be a step toward the Porsche-Piech's clan younger generation moving into key roles.... Read More »

Daimler shareholder demands right to be naked at annual meeting

1:52 pm U.S. ET | March 29, 2017

Daimler's annual meeting threatened to veer off course for a second year after a shareholder pontificated on his right to be naked.... Read More »

Mueller says VW 'is back on track'; CEO not ruling out talks with FCA

8:53 am U.S. ET | March 14, 2017

The world's largest automaker, Volkswagen, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.... Read More »

Magna Q4 report warns about 'protectionist sentiments' in North America

6:46 am U.S. ET | Feb. 24, 2017

Diversified Canadian auto supplier Magna International said increased protectionist measures in North America could pose a substantial risk to the supplier achieving “desired results” in the future.... Read More »

Visteon builds on electronics segment gains in Q4

3:12 pm U.S. ET | Feb. 23, 2017

Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year.... Read More »

KAR Auction's Q4 net income drops despite gain at ADESA

2:54 pm U.S. ET | Feb. 22, 2017

ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses.... Read More »

Cooper-Standard says Q4 net income rises 43%

11:03 am U.S. ET | Feb. 17, 2017

Cooper-Standard Holdings said fourth-quarter net income rose 43 percent to $31.1 million. Sales improved 2.4 percent to $875.4 million.... Read More »

Tower's adjusted earnings rise 23% in Q4

12:13 pm U.S. ET | Feb. 15, 2017

Tower International reported fourth-quarter adjusted earnings of $56.2 million, up 23 percent from $45.9 million a year ago, while net income plummeted 88 percent for the quarter.... Read More »

Lithia posts 7.5% increase in Q4 net income

11:56 am U.S. ET | Feb. 15, 2017

Lithia Motors' net income rose 7.5 percent to $51.3 million in the fourth quarter on strong used-car sales and record finance and insurance gains, the retailer said.... Read More »

Takata forecasts third annual loss after U.S. criminal settlement

7:10 am U.S. ET | Feb. 10, 2017

Takata, the troubled airbag supplier behind the biggest auto safety recall, said it will probably report a third consecutive annual loss as it booked a one-time charge after agreeing to settle a U.S. criminal investigation.... Read More »

BorgWarner records $441 million charge to fight asbestos claims

1:58 pm U.S. ET | Feb. 9, 2017

BorgWarner, the supplier of turbocharger and emissions systems, reported a net loss of $293 million in the fourth quarter of 2016 as it announced a one-time asbestos-related charge of $441 million.... Read More »

Dana says adjusted earnings rise 29% to $166 million

4:23 pm U.S. ET | Feb. 9, 2017

Dana, a power-technologies and driveline supplier, said its adjusted earnings increased 29 percent, before interest and taxes, to $166 million, up from $129 million in 2015.... Read More »

Takata to set aside $864 million as part of U.S. Justice Dept. settlement

10:19 am U.S. ET | Feb. 9, 2017

Takata said it will set aside 96.93 billion yen ($864.4 million) as part of a $1 billion settlement with the U.S. Justice Department over the world's largest ever auto recall.... Read More »

NICK BUNKLEY

BLOG: Why selling more cars is bad news for GM

3:56 pm U.S. ET | Feb. 7, 2017

General Motors redesigned several of its top-selling cars in 2016, including the Chevrolet Malibu and Cruze. And unfortunately for GM, some people actually bought them.... Read More »

GM predicts 'strong year' in 2017 after earnings, margins fall in Q4

7:45 am U.S. ET | Feb. 7, 2017

General Motors' earnings and profit margins declined in the fourth quarter, but its CFO said the automaker would have “another strong year” in 2017 even as the U.S. market gets tougher. Achieving that goal could mean more production cuts in the months ahead to avoid heavy discounting on slow-selling cars.... Read More »

Clean-air, ride-performance divisions boost Tenneco

3:22 pm U.S. ET | Feb. 7, 2017

Tenneco reported higher sales and lower net income for the fourth quarter, mainly because of an after-tax pension charge of $47 million. Net income for the quarter was $40 million, a 41 percent decline from the year-earlier total.... Read More »

Asbury Q4 income rises on a 2% revenue gain

11:11 am U.S. ET | Feb. 7, 2017

Asbury Automotive Group's fourth-quarter net income surged 63 percent to $67.1 million, as revenue rose 2 percent to $1.67 billion, the dealership group said Tuesday. Adjusted income from continuing operations for the fourth quarter rose 3.7 percent to $34 million.... Read More »

First time up to bat, Adient scores a profit gain

4:36 pm U.S. ET | Feb. 3, 2017

In its first quarter as an independent company, Adient, the world’s largest automotive seating supplier, reported Friday that net income increased 8.7 percent to $149 million.... Read More »

Ferrari Q4 earnings rise 38%, expectations for 2017 rise

6:58 am U.S. ET | Feb. 2, 2017

Italian luxury carmaker Ferrari on Thursday reported a 38 percent rise in fourth-quarter adjusted core earnings and gave a strong guidance for 2017.... Read More »

Autoliv says Q4 net income drops 22% to $144 million

12:33 pm U.S. ET | Feb. 2, 2017

Autoliv, the world's largest airbag and seat belt supplier, reported its net income fell 22 percent in the fourth quarter to $144 million.... Read More »

 
Lotus can thrive under Geely

Nick Gibbs
5:47 am U.S. ET | May 24 2017

image
Geely's decision to take a majority stake in Lotus is great news for the unprofitable UK sports-car maker because the Chinese company has had great success in reviving... ...
 Read More ›

How Renault plans to keep the Captur ahead of rivals

Peter Sigal
12:01 am U.S. ET | May 19 2017

image
Renault hopes to keep the Captur as Europe's top-selling subcompact SUV by giving it an upgraded int ...
 Read More ›

After attracting top suppliers, Macedonia eyes bigger prize

Douglas A. Bolduc
12:01 am U.S. ET | May 10 2017

image
Macedonia has spent the last decade establishing itself as open for business to global automotive suppliers such as Delphi, Adient and Lear, but is it ready to become home to. ...
 Read More ›

Why VW brand's plunging revenue is good news

Christiaan Hetzner
7:14 am U.S. ET | May 3 2017

image
One aspect of VW Group's first-quarter report is the plunge in revenue at its core brand. ...
 Read More ›

VW has no compelling reason to sell Ducati


4:33 am U.S. ET | May 2 2017

image
Volkswagen's 747-million-euro acquisition of Ducati might not have been based on any industrial logi ...
 Read More ›

China's bigger families are good news for minivan sales

Luca Ciferri
12:01 am U.S. ET | April 28 2017

image
China's scrapping of its one-child per family policy has created an unexpected increase in minivan s ...
 Read More ›

Volvo exec says risk factor for XC60 exceeds XC90

Douglas A. Bolduc
5:09 am U.S. ET | April 27 2017

image
Volvo's r&d boss says the new XC60 is even more of a high-risk model than the second-generation XC90 ...
 Read More ›

Germany's auto industry welcomes prospect of Macron presidency in France

Christiaan Hetzner
8:34 am U.S. ET | April 24 2017

image
Sunday's election outcome in France, in which a moderate Europhile investment banker won the first r ...
 Read More ›

China lands Chevy Volt in a Buick wrapper

Jay Ramey
8:14 am U.S. ET | April 20 2017 UPDATED: 4/20/17 2:27 pm ET - adds details

image
Buick offers far more models in China than it does in the U.S. ...
 Read More ›

Tavares' tall task for PSA and Opel: brand management

Luca Ciferri
12:01 am U.S. ET | April 7 2017

image
The buzz at last month's Geneva auto show was what would PSA CEO Carlos Tavares do to streamline his enlarged stable of brands, given that Citroen, Peugeot and new addition... ...
 Read More ›

Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
image
European sales fall 7% on VW, British slump
Passenger car registrations fell 7 percent in Europe in April on fewer selling days and a big slump ...
 Read More ›
image
VW, Kia, Renault benefit as Russia sales rise 7%
New-car sales in Russia rose 7 percent last month as the market's rebound gathered momentum after fo ...
 Read More ›
image
Spanish sales rise on Easter tourism boost
New-car registrations in Spain rose 1.1 percent in April, boosted by holiday rental sales. VW's Seat ...
 Read More ›
image
Premium brands gain ground as UK sales plunge 20%
UK new-car registrations slumped 20 percent in April, the biggest year-on-year drop for over six yea ...
 Read More ›
image
German sales fall 8% as diesel share declines
German new-car registrations fell 8 percent in April as buyers turned away from diesel cars and fewe ...
 Read More ›
image
Renault, Skoda and Citroen among winners as Italy sales fall 5%
New-car registrations in Italy fell 4.6 percent last month with most major automakers losing volume ...
 Read More ›
image
Renault, PSA suffer as French sales decline 6%
French registrations fell 6 percent in April on two fewer selling days. ...
 Read More ›
image
FCA, Ford and Renault gain share as European sales rise 11%
European sales rose 11 percent in March as automakers took advantage of a solid economy and more sel ...
 Read More ›
image
VW brand sales rose 2.5% in March but are down for first quarter
Volkswagen brand's global sales rose 2.5 percent in March but slid 1. ...
 Read More ›
image
Lada, Kia and Renault see big gains as Russia sales rise nearly 10%
New-car sales in Russia rose 9.4 percent last month as the market's rebound begins to gain momentum. ...
 Read More ›
image
Europe's compact minivan sales forecast to see steady decline
Europe's compact minivan segment is forecast to continually decline until 2020 because of rising dem ...
 Read More ›
image
Europe's small SUV sales forecast to top 2 million next year
Europe's small SUV/crossover segment is forecast to continue its rapid growth as models from latecom ...
 Read More ›
image
New mild hybrid tech will shake up green car sales
Mild hybrid cars with cheaper and less complex technology than plug-in and full hybrids will reduce ...
 Read More ›
image
SUV sales rise to 25% of European market
SUVs and crossovers accounted for a quarter of all European passenger vehicle sales last year as mod ...
 Read More ›
image
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 ...
 Read More ›
image
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 ...
 Read More ›
image
Audi, Mercedes push key segment toward milestone
Audi, BMW and Mercedes-Benz are largely responsible for the growing success of the compact premium s ...
 Read More ›
image
Toyota hires key U.S. marketing exec from VW
Toyota has named Volkswagen of America marketing executive Vinay Shahani its vice president of integ ...
 Read More ›
image
VW brand recruits Hyundai's Sengpiehl as global marketing chief
Volkswagen Group has recruited Hyundai's Jochen Sengpiehl to be global marketing director for its co ...
 Read More ›
image
BMW adds 2 execs to North American leadership
BMW's new North America chief has appointed two lieutenants to help him as he works to revive the au ...
 Read More ›
image
VW names U.S. compliance officer after diesel scandal
Volkswagen's U.S. unit named a KPMG director, Stephanie Davis, as its chief compliance officer after the automaker was sentenced in April in its diesel-emissions scandal. ...
 Read More ›
image
Continental names new head of China operations
Continental appointed Enno Tang, who runs the German supplier's chassis and safety business in China ...
 Read More ›
image
BMW i subbrand exec to join energy group Innogy
German energy group Innogy has recruited Stefan von Dobschuetz, a key executive from BMW Group's i s ...
 Read More ›
image
Mini USA appoints new heads of sales and marketing
Mini USA has appointed new heads of both sales and marketing. ...
 Read More ›
image
VW names new communications, logistics chiefs for North America
Volkswagen Group of America has promoted two executives to top positions running the company's commu ...
 Read More ›
image
Ex-Ferrari exec Lanzone hired by autonomous car start-up Zoox
Autonomous vehicle startup Zoox said Corrado Lanzone, former operations director of Ferrari's racing division, has joined the company as its vice president of manufacturing... ...
 Read More ›
image
Former GM chief Wagoner joins ChargePoint board
Former GM chief Rick Wagoner, who introduced the Chevrolet Volt plug-in hybrid during his last year ...
 Read More ›
image
Softer Land Rover Discovery keeps its go-anywhere skills
Land Rover is determined to demonstrate that even though the fifth generation of the Discovery has b ...
 Read More ›
image
Honda counts on new Civic for boost in Europe
Honda's latest Civic benefited from the largest development program for a single model in the compan ...
 Read More ›
image
Mercedes makes E-class coupe more practical
Mercedes is repositioning its E-class coupe to offer more room and more functionality, promoting the ...
 Read More ›
image
Kia gives Rio better tech to challenge European rivals
Kia has added driver assistance systems not typical in small cars as well as upgraded connectivity i ...
 Read More ›
image
Mini maxes out with Countryman
The Mini Countryman has grown to become the BMW subsidiary's biggest model to date and now competes ...
 Read More ›
image
Nissan plots Micra's return to Europe's top 10
Nissan wants to re-establish the Micra subcompact as one of the 10 top-sellers in Europe's biggest a ...
 Read More ›
image
Hyundai gives i30 a tech boost
The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 ...
 Read More ›
image
Toyota gets quirky with C-HR to 'turn heads'
Toyota is a latecomer to Europe's crossover segment with the new C-HR. ...
 Read More ›
image
Better-connected 5 series gets tech from BMW flagship
BMW has made its 5 series lighter, more economical and fully connected with advanced technology firs ...
 Read More ›
image
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 ...
 Read More ›
image
Suppliers to the new Renault Megane
Assembly of the fourth-generation Renault Megane began in November 2015 at the French automaker's fa ...
 Read More ›
image
Suppliers to the new Infiniti Q30
Assembly of the all-new Infiniti Q30 began on Daimler's MFA platform in December 2015 at the Nissan' ...
 Read More ›
image
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 ...
 Read More ›
image
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 ...
 Read More ›