Earnings

FCA US says it earned $312 million in Q1

2:50 pm U.S. ET | May 7, 2015

Fiat Chrysler Automobiles' US subsidiary, FCA US, said it posted earnings of $312 million in the first quarter before a one-time gain of $2.4 billion and other one-time charges.... Read More »

Linamar generates record Q1 earnings

1:55 pm U.S. ET | May 7, 2015

Canadian auto-parts maker Linamar said its first-quarter earnings and sales surged to records.... Read More »

Visteon posts Q1 sales bump after acquisition

10:54 am U.S. ET | May 7, 2015

Visteon today reported strong first-quarter profits and sales thanks in large part to its 2014 acquisition of Johnson Controls' global electronics business.... Read More »

Magna Q1 earnings rise 18%

11:45 am U.S. ET | May 7, 2015

Diversified Canadian supplier Magna International today reported sharply higher first-quarter earnings while revenues fell because of weaker currency values vs. the US dollar.... Read More »

KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter.... Read More »

BMW Q1 profit rises 21% as U.S., Europe demand offsets slowing China

May 6, 2015 08:40 CET

BMW reported a 21 percent jump in first-quarter profit as stronger demand in the U.S. and Europe for models such as the X5 SUV offset slowing demand in China.... Read More »

CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went.... Read More »

TRW says Q1 revenue up 7%, profits rise

3:36 pm U.S. ET | May 5, 2015

TRW Automotive, which is being acquired by German supplier ZF Friedrichshafen, said today that first quarter revenue grew 7 percent from last year, excluding effects of currency and divested business.... Read More »

CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went.... Read More »

VW board to discuss recruitment of new chairman, reports say

May 4, 2015 13:35 CET

Volkswagen's supervisory board was meeting to discuss finding a new chairman to fill the void left by Ferdinand Piech's departure, reports said. The meeting precedes what is likely to be a tense annual gathering of VW shareholders on Tuesday.... Read More »

American Axle profits rise; non-GM sales grow

8:53 am U.S. ET | May 1, 2015

American Axle & Manufacturing Holdings reported improved first-quarter earnings thanks to strong North American truck and SUV sales.... Read More »

Delphi looking for acquisition of $1 billion-$3 billion, CEO says

9:58 am U.S. ET | April 30, 2015

Delphi CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software.... Read More »

Ghosn's clash with French state comes to the boil

April 30, 2015 12:36 CET

The dispute between Renault CEO Carlos Ghosn and the French government was set to come to a head at the automaker's annual meeting today as the state moves to keep the automaker under French control. The government is nearly certain to win.... Read More »

Ford posts 7% drop in Q1 profit, still sees 'breakthrough year'

7:02 am U.S. ET | April 28, 2015

Ford, which has forecast a "breakthrough year" for itself after remaking a large swath of its global lineup, today said its first-quarter net income fell 6.6 percent to $924 million as the launch of its aluminum-bodied pickup cut production.... Read More »

Group 1's net income rises 14% in Q1

7:50 am U.S. ET | April 28, 2015

Group 1 Automotive reported net income rose 14 percent to $36 million in the first quarter, driven by solid gains in sales of both new and used vehicles in its core operations in the robust US market.... Read More »

Denso forecasts profit growth on higher Asia sales

11:10 am U.S. ET | April 28, 2015

Denso, the world's second-biggest auto supplier based on revenue, forecast a 7 percent rise in operating profit for the year ahead, citing an anticipated rise in Asian sales.... Read More »

Mazda quarterly profits fall on currency losses while sales rise

6:41 am U.S. ET | April 24, 2015

Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales.... Read More »

Mitsubishi posts first annual N.A. profit in seven years

7:47 am U.S. ET | April 24, 2015

Mitsubishi booked double-digit profit increases in the latest quarter to propel the carmaker to record annual earnings and its first North America profit in seven years.... Read More »

GM paid Barra $16.2 million in 2014

11:00 am U.S. ET | April 24, 2015

GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2.1 million from a short-term, nonequity incentive tied to several performance measures, such as GM's pretax profit and global market share.... Read More »

Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier.... Read More »

Piech denies reports saying he wants to oust Winterkorn

April 23, 2015 13:07 CET

Volkswagen Chairman Ferdinand Piech denied reports that he is seeking to oust CEO Martin Winterkorn, a German newspaper reported, quoting Piech. Separate German media reports had said that Piech aims to push out Winterkorn ahead of the carmaker's May 5 annual shareholder meeting.... Read More »

GM profit rises, aided by North America

7:45 am U.S. ET | April 23, 2015

General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion.... Read More »

Hyundai may boost SUV capacity in U.S., China after Q1 profit dips

10:04 am U.S. ET | April 23, 2015

South Korea's Hyundai Motor may boost production of SUVs in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends.... Read More »

Lithia's Q1 net income soars 64% on broad gains, DCH integration

11:03 am U.S. ET | April 22, 2015

Lithia Motors' net income surged 64 percent to $41 million in the first quarter from a year earlier, on strong sales across all divisions and the continued integration of its purchase last year of DCH Auto Group, the dealership group said today.... Read More »

AutoNation's Q1 net income rises 17%

7:00 am U.S. ET | April 22, 2015

AutoNation is picking up its acquisition pace as its profits continue to rise. Net income for the nation's largest new-car retailer jumped 17 percent in the first quarter to $111.5 million, the company said today.... Read More »

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