Earnings

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 »

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 »

 
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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How Ford's European arm became a money maker again

Luca Ciferri
12:01 am U.S. ET | June 10 2016

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Ford of Europe's 6. ...
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Peugeot offers a two-wheel solution for congested cities

Bruce Gain
9:46 am U.S. ET | June 1 2016

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Peugeot's new 3008 SUV will offer owners a solution to the problem of getting around congested inner cities: an electric bicycle or an electric scooter that can fold up and... ...
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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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2015 Assembly map
 
Newsletters & Alerts
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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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French car sales jump 22% in May on extra selling days
French registrations rose 22 percent in May, benefiting from three extra selling days. ...
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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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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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Ford picks VanDyke to be new Europe marketing chief
Ford has picked Matt VanDyke as its new marketing chief in Europe. VanDyke currently leads Lincoln's ...
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Nissan Europe names new product planning chief
Nissan Europe has named Ponz Pandikuthira, its current light commercial vehicle director, as the aut ...
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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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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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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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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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