Earnings

GM ramps up leasing business with captive financial unit

3:16 pm U.S. ET | Feb. 4, 2015

GM Financial more than tripled its share of parent General Motors' US lease originations in the fourth quarter. And it's poised to gain even more as it becomes the exclusive source of leases for the Buick-GMC and Cadillac brands, beginning with Buick-GMC this week.... Read More »

Asbury's Q4 net income falls on financing charge; operating income up 15%

11:17 am U.S. ET | Feb. 4, 2015

Despite higher revenue and operating profit, Asbury Automotive Group's net income dropped by more than half in the fourth quarter because of a loss on the extinguishment of long-term debt.... Read More »

Subaru parent earnings lifted by U.S. growth

2:24 am U.S. ET | Feb. 4, 2015

The maker of Subaru vehicles reported a 50 percent surge in quarterly operating profit as booming U.S. vehicle sales and advantageous exchange rates lifted earnings. Operating income climbed to 124.5 billion yen ($1.04 billion) in the fiscal third quarter ended Dec. 31, Fuji Heavy Industries said today.... Read More »

Fiat Chrysler's U.S. operating profits rise in Q4

11:30 am U.S. ET | Feb. 3, 2015

Fiat Chrysler Automobiles' US subsidiary reported its fourth-quarter earnings excluding special items rose 1.5 percent to $669 million. For the year, FCA US reported a 31 percent gain on the same basis to $2.4 billion, as continued sales growth offset one-time charges related to its merger a year earlier.... Read More »

AutoNation's Q4 profits rise on strong gains in all segments

7:00 am U.S. ET | Feb. 3, 2015

AutoNation's fourth-quarter net income rose 7 percent to $117 million, powered by strong year-end vehicle sales and improvements in all business categories. Adjusted for one-time events, the company's earnings rose 15 percent.... Read More »

Denso names new CEO; 9-month operating income drops 12%

6:46 am U.S. ET | Feb. 3, 2015

Toyota-affiliated supplier Denso today named manufacturing specialist Koji Arima as its new president and CEO. Denso reported separately that operating income fell 12 percent in the April-December period... Read More »

Mitsubishi posts N.A. gains while Japan, Europe struggle

6:32 am U.S. ET | Feb. 3, 2015

Mitsubishi's nascent North America recovery gathered pace in the latest quarter with regional operating profit tripling on the back of expanding sales. But falling sales in Japan and tumbling profits in Europe, where the weakening Russia ruble undercut earnings, sapped overall results... Read More »

Lear Q4 profits surge on North America growth

10:12 am U.S. ET | Jan. 30, 2015

Seating and electronics supplier Lear reported better-than-expected fourth-quarter profits due to strong demand from North America.... Read More »

Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015

Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."... Read More »

GM's lease incentive move to captive unit surprised, angered Ally's chief

11:40 am U.S. ET | Jan. 29, 2015

General Motors' recent move to steer 100 percent of its Buick, Cadillac and GMC lease incentives in the US to captive finance company GM Financial took Ally Financial by surprise, Ally CEO Michael Carpenter said during a conference call today.... Read More »

Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015

Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials.... Read More »

Gentex Q4 sales gains lag forecasts; stock drops

11:53 am U.S. ET | Jan. 28, 2015

Gentex, a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. Gentex shares fell 6 percent.... Read More »

Ford takes charge of $800 million on Venezuelan currency

9:06 am U.S. ET | Jan. 23, 2015

Ford said it will take a one-time pretax charge of $800 million in its fourth quarter results because the inability to exchange US dollars for Venezuelan bolivars has restricted operations in the South American country.... Read More »

JCI quarterly net income grows 12% on higher volume

3:07 pm U.S. ET | Jan. 22, 2015

Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. JCI is typically one of the first suppliers to release quarterly earning results, serving as a bellwether for supplier financial trends.... Read More »

GM delivers record 9.9 million vehicles globally in 2014

8:00 am U.S. ET | Jan. 14, 2015

General Motors posted its second straight year of record global vehicle sales, with deliveries growing 2 percent to 9.9 million units.... Read More »

CarMax says Q3 net income rose 22% to $130 million

9:14 am U.S. ET | Dec. 19, 2014

CarMax, the largest used-car seller in the United States, said net income surged 22 percent in its third fiscal quarter as easier credit boosted vehicle sales.... Read More »

Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014

Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent.... Read More »

BorgWarner projects more growth from turbochargers, other engine products, China

2:13 pm U.S. ET | Nov. 10, 2014

BorgWarner expects new business to grow by 10 percent to 12 percent through 2017 thanks to strong growth in Asia.... Read More »

Takata widens loss forecast, raises uncertainty over airbag liabilities

6:21 am U.S. ET | Nov. 6, 2014

Takata, the Japanese airbag supplier at the center of a safety crisis, widened its annual loss forecast, will skip a dividend payout and warned it can't estimate the full financial liability as regulators urge automakers to speed up recalls.... Read More »

Visteon posts Q3 loss on one-time items, but revenue rises 33%

10:24 am U.S. ET | Nov. 6, 2014

Visteon said today it posted a $21 million net loss for the third quarter because of charges from discontinued operations, but revenue surged 33 percent, helped by its acquisition of Johnson Controls' electronics business.... Read More »

Chrysler Group Q3 profits rise 32% to $611 million on Jeep, Ram gains

10:38 am U.S. ET | Nov. 5, 2014

Chrysler Group today reported net income rose 32 percent in the third quarter from a year earlier to $611 million as strong sales of its Jeep and Ram lines bolstered profits. Chrysler gained just over one point of market share in the United States over the same period a year ago to 12.3 percent on sales of 1,556,059 vehicles.... Read More »

ADESA doubles Q3 profits on growing auction volume

2:29 pm U.S. ET | Nov. 5, 2014

KAR Auction Services, parent of ADESA, said its third-quarter net income more than doubled to $47 million from $22 million a year earlier, on revenues that increased 10 percent to $589 million.... Read More »

Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014

Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity.... Read More »

American Axle Q3 profits rise as non-GM business grows

1:19 pm U.S. ET | Oct. 31, 2014

Powertrain components supplier American Axle & Manufacturing Holdings, which has been ramping up its non-General Motors business in recent years, today reported strong gains in third-quarter net income and revenues.... Read More »

Denso's first-half operating profit falls 16% on r&d costs

8:56 am U.S. ET | Oct. 31, 2014

Japan's Denso, the world's second-largest auto supplier, today said it posted a 16 percent decline in six-month operating profit, as development costs and investment outweighed a rise in revenue.... Read More »

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