Earnings

Group 1's Q4 net income, revenue rise despite challenges

9:09 am U.S. ET | Feb. 5, 2014
Group 1 Automotive said today its fourth quarter and 2013 net income and revenue grew despite challenges to new- and used-vehicle profits in the United States. The auto retailer saw profit gains from its parts and service business and finance and insurance sales.... Read More »

 

Asbury Auto profit rises 18% in Q4

7:04 am U.S. ET | Feb. 4, 2014
Rising volume, higher revenues and double-digit gross profit gains in all areas of the business lifted Asbury Automotive Group's net income 18 percent during the fourth quarter to $26.9 million.... Read More »

 

Delphi says it doubled net income in Q4

10:56 am U.S. ET | Feb. 4, 2014
Delphi Automotive said its net income in the fourth quarter more than doubled to $298 million compared with $136 million a year earlier.... Read More »

 

Subaru parent says quarterly net income surges to $776 million

6:42 am U.S. ET | Feb. 4, 2014
Net income at Fuji Heavy Industries, the parent of Subaru, climbed sixfold to $776.5 million in the company’s fiscal third quarter, with results bolstered by booming vehicle sales in North America, a weaker yen and a one-time gain of $497 million from the sale of a snowmobile manufacturer.... Read More »

 

Toyota's $40 billion cash pile draws calls for new plants, higher dividends

2:20 pm U.S. ET | Feb. 3, 2014
Toyota President Akio Toyoda, whose company has accumulated a cash pile of almost $40 billion, is facing calls to put that money to better use. The world's largest carmaker is seeing profits surge as the yen weakens and demand rises in the United States and China. The company will probably report on Tuesday net income quadrupled to 434.3 billion yen ($4.3 billion) last quarter, according to a Bloomberg survey of analysts.... Read More »

 

Denso raises projection for annual profits by 5.6 percent

10:30 am U.S. ET | Feb. 3, 2014
Denso, the world's second-largest auto supplier, raised its annual operating profit forecast by 5.6 percent, as a weaker yen helped boost exports, resulting in foreign exchange gains.... Read More »

 

Lear adjusted income drops 11% in Q4

3:24 pm U.S. ET | Jan. 31, 2014
Automotive seating and electrical component supplier Lear, profitable all four years since emerging from bankruptcy in November 2009, posted an 11 percent drop in adjusted fourth-quarter profits.... Read More »

 

Chrysler posts Q4 net income of $1.6 billion with help of onetime tax gain

5:44 am U.S. ET | Jan. 29, 2014
Chrysler Group reported an increase in earnings for the fourth quarter as the launch of the 2014 Jeep Cherokee and higher sales in the United States helped the automaker to its third straight annual profit. In a separate announcement, Chrysler and Fiat said their combined company would be renamed Fiat Chrysler Automobiles NV. Pending shareholder approval, the new entity will be incorporated in the Netherlands and have a fiscal domicile in the U.K. for tax purposes.... Read More »

 

Gentex posts 76% increase in Q4 net income

3:29 pm U.S. ET | Jan. 29, 2014
Gentex, a supplier of rearview mirrors and automotive safety, lighting and electronics components, said today that its fourth-quarter net income rose 76 percent from a year earlier while its annual profit surged 32 percent.... Read More »

 

Chrysler posts Q4 net income of $1.6 billion

Jan. 29, 2014 11:44 CET
Chrysler reported an increase in earnings for the fourth quarter as the launch of the 2014 Jeep Cherokee and higher sales in the United States helped the automaker to its third straight annual profit.... Read More »

 

Ford narrows loss in Europe

Jan. 28, 2014 13:03 CET
Ford posted fourth-quarter net income of $3 billion, nearly double the $1.6 billion the company earned in the same period a year ago, as strength in the automaker's core North American market offset losses in Europe and South America.... Read More »

 

Ford earnings pinched by recalls, incentives

7:03 am U.S. ET | Jan. 28, 2014
Ford earned $3 billion in the quarter, 90 percent more than the same period a year ago, though more than two-thirds of the profit was related to favorable tax benefits. Excluding the $2.1 billion tax gain and other one-time items, Ford's pretax operating profit fell 24 percent to $1.3 billion.... Read More »

 

Hyundai Q4 profits gain 15%, but results fall short

Jan. 24, 2014 06:01 CET
Hyundai said fourth-quarter net income climbed 15 percent over the previous year, but forecast sales growth would hit an eight-year low in 2014 as competition intensifies and the stronger won hampers exports.... Read More »

 

Johnson Controls says quarterly profit rose 30 percent

12:58 pm U.S. ET | Jan. 23, 2014
Supplier Johnson Controls Inc. said today its quarterly net profit rose 30 percent on sales gains, particularly in China.... Read More »

 

Hyundai Q4 profits gain 15%, but results fall short

10:56 am U.S. ET | Jan. 23, 2014
Hyundai said fourth-quarter net income climbed 15 percent to 2.06 trillion won ($1.9 billion), from 1.79 trillion won a year earlier. But the results did not meet analyst expectations and Chairman Chung Mong Koo forecast the weakest sales growth in eight years for 2014.... Read More »

 

Ford predicts 2014 profit drop on busiest year for new models

9:43 am U.S. ET | Dec. 18, 2013
Ford, entering its busiest year for new car and truck introductions ever, said that the cost of bringing those vehicles to market will lead to a decline in its pretax profit next year. Ford shares fell 6.3 percent today.... Read More »

 

Italy's Brembo says third-quarter profit rose 50%

Nov. 12, 2013 12:00 CET
Italian supplier Brembo said its net profit rose 50 percent in the third quarter, boosted by growth in Germany, the United States, France and the United Kingdom.... Read More »

 

GKN Driveline gets profit boost from awd

Nov. 9, 2013 06:01 CET
The global boom in SUV sales is driving profits at GKN Driveline. The UK company, which bought German supplier Getrag's awd components business in 2011, says it is now market leader for awd components in Europe.... Read More »

 

Retailer AutoCanada's Q3 net income jumps 38%

2:08 pm U.S. ET | Nov. 8, 2013
Publicly held dealership group AutoCanada said today its net income rose 38 percent in the third quarter from a year earlier to C$10.6 million ($10.3 million), as revenue rose 35 percent to a quarterly record $392.5 million.... Read More »

 

Sonic’s Q3 net income more than doubles

12:14 pm U.S. ET | Nov. 8, 2013
Sonic Automotive's third-quarter net income more than doubled as revenue from new and used vehicles improved. Sonic reported third-quarter net income of $23.3 million compared to $10 million a year earlier.... Read More »

 

Jaguar Land Rover boosts parent Tata's profit

Nov. 8, 2013 12:43 CET
Tata Motors' second-quarter income gained 71 percent as sales at its Jaguar Land Rover unit expanded. Retail sales at the luxury unit rose at the fastest pace in four quarters boosted by demand for Jaguar models, including the F-Type convertible.... Read More »

 

Visteon says net income tripled to $43 million in Q3

11:27 am U.S. ET | Nov. 7, 2013
Visteon said it nearly tripled net income during the third quarter due to increased climate and electronics sales.... Read More »

 

Continental raises earnings forecast on China, U.S. growth

Nov. 7, 2013 09:11 CET
Continental raised its earnings forecast for 2013 as growth in China and North America offset the effects of the euro's currency-market gains.... Read More »

 

KAR, Adesa's parent, posts 19% gain in Q3 net

12:24 pm U.S. ET | Nov. 6, 2013
KAR Auction Services, the parent of auction company ADESA, said today that its third-quarter net income rose 19 percent from the year-earlier period to $22.8 million, as revenues increased 12 percent to $533.7 million.... Read More »

 

Toyota raises profit forecast on weaker yen, healthy U.S. sales and improved Europe earnings

Nov. 6, 2013 09:04 CET
Toyota raised its annual profit forecast as the weaker yen, growing U.S. sales and a recovering Europe boost earnings.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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