Earnings

BMW seeks third straight sales record as new models offset weak Europe

May 14, 2013 10:49 CET
BMW stuck to its goal of setting a sales record for the third consecutive year as new models help offset a slump in Europe.... Read More »

 

Magna hikes full-year forecast on strong Q1 profit

May 13, 2013 06:01 CET
Magna International has hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »

 

Magna stock hits record high as Q1 profits improve, forecast rises

9:56 am U.S. ET | May 10, 2013
Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »

 

Toyota quarterly profit rises to $3.17 billion

2:39 am U.S. ET | May 8, 2013
Toyota more than doubled its fourth-quarter net profit as the yen's depreciation helped the automaker export more profitably and U.S. sales of the Avalon sedan and Tacoma pickup were strong. The company posted net profit of 313.9 billion yen ($3.17 billion), compared with 121 billion yen last year.... Read More »

 

Toyota quarterly profit rises to $3.17 billion

May 8, 2013 08:39 CET
Toyota more than doubled its fourth-quarter net profit as the yen's depreciation helped the automaker export more profitably and U.S. sales of the Avalon sedan and Tacoma pickup were strong. The company posted net profit of 313.9 billion yen ($3.17 billion), compared with 121 billion yen last year.... Read More »

 

Toyota to post around $13 billion annual operating profit, report says

9:45 am U.S. ET | May 6, 2013
Toyota is expected to post operating profit of more than $13 billion for the year ended March, significantly more than what has been forecasted, the Nikkei business daily reported today.... Read More »

 

Autobytel posts highest quarterly revenue in 5 years

2:38 pm U.S. ET | May 3, 2013
Lead-generation Web site Autobytel reported its highest quarterly revenues in five years during the first quarter -- growth that reflects the improving automotive market.... Read More »

 

American Axle Q1 earnings fall on debt refinance, program costs

1:44 pm U.S. ET | May 3, 2013
Auto parts maker American Axle & Manufacturing said net income fell 86 percent in the first quarter, citing debt refinancing and high costs for new-vehicle launches.... Read More »

 

GM makes progress on Europe turnaround

May 3, 2013 10:40 CET
GM is making progress in restructuring its money-losing Opel/Vauxhall unit in Europe, but the automaker has a long way to go, analysts say. GM's first-quarter pretax loss in Europe narrowed while rival Ford's loss widened sharply.... Read More »

 

ADESA parent KAR's Q1 profit rose 12% to $29 million

10:09 am U.S. ET | May 2, 2013
KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.... Read More »

 

GM's Q1 net falls 14% on N.A. decline

7:30 am U.S. ET | May 2, 2013
General Motors' first quarter net profit dropped 14 percent, to $865 million, as profit in North America slipped and losses in Europe narrowed.... Read More »

 

Group 1 operating income rises on higher new-vehicle sales

10:40 am U.S. ET | May 2, 2013
Higher new-vehicle sales and increased gross profits in all business segments drove Group 1 Automotive's operating income higher during the first quarter of 2012, but net income dropped 4 percent.... Read More »

 

GM's Europe loss narrows; overall Q1 profit drops 14%

May 2, 2013 13:32 CET
GM's first-quarter net profit dropped 14 percent as profits in North America slipped and losses in Europe eased. European losses narrowed because of cost cuts and strong demand for new models, GM CEO Dan Akerson said.... Read More »

 

BMW Q1 profit drops as European plunge hits pricing

May 2, 2013 08:04 CET
BMW reported a 4.5 percent drop in first-quarter profit as the plunging European market pushed car prices lower. The company maintained its target for 2013 pretax profit on the same level as last year as rising demand in China and the U.S. helps to offset Europe's weak market... Read More »

 

Delphi Q1 profit drops as sales fall in Europe, N.A.

May 2, 2013 06:01 CET
Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.... Read More »

 

Delphi Q1 profit drops as sales fall in Europe, N.A.

10:10 am U.S. ET | May 1, 2013
Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.... Read More »

 

Ally Q1 profits boosted by auto finance business, one-time gains

9:52 am U.S. ET | May 1, 2013
Ally Financial said its first-quarter net income more than doubled from a year ago to $1.1 billion, driven largely by a one-time gain from the sale of Ally’s Canadian operations and higher profits in its auto finance business.... Read More »

 

TRW Q1 profits fall 21%, but Europe troubles mitigated

May 1, 2013 06:01 CET
Safety and braking components supplier TRW Automotive's first-quarter profits fell, but results from China and elsewhere helped mitigate reduced business in the troubled European market.... Read More »

 

TRW Q1 profits fall 21%, but Europe troubles mitigated

11:56 am U.S. ET | April 30, 2013
Safety and braking components supplier TRW Automotive's first-quarter profits fell, but results from China and elsewhere helped mitigate reduced business in the troubled European market.... Read More »

 

VW eyes China growth to ease pain in Europe

April 30, 2013 06:01 CET
Volkswagen expects sales in China this year to outpace total sales volume in the market, which the carmaker believes will increase 6 percent to 8 percent. In Europe, the automaker remained resilient to a recession in its home region as high-end sales from its newly-intergrated Porsche unit help offset a drop in deliveries at the carmaker's core mass-market brand.... Read More »

 

Fiat first-quarter profit falls on Chrysler earnings drop

April 29, 2013 14:41 CET
Fiat Group confirmed its 2013 financial targets despite lower first-quarter profits at Chrysler and continued losses in Europe.... Read More »

 

Chrysler profit tumbles on costs of product launches

8:41 am U.S. ET | April 29, 2013
Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit.... Read More »

 

Tenneco's Q1 profits rise as revenue falls slightly

2:36 pm U.S. ET | April 29, 2013
Tenneco, the supplier of emission-control and ride-control systems, today reported higher first-quarter profits. Adjusted net income during the first three months of the year was $44 million, or 72 cents per diluted share, up 7 percent from adjusted net income of $41 million, or 66 cents per diluted share, the company said.... Read More »

 

VW brand bears brunt of Europe slump as Q1 profit halves

April 29, 2013 11:49 CET
First-quarter profit at Volkswagen Group's core brand almost halved as automakers in Europe battle the region's protracted slump in demand with deeper discounts.... Read More »

 

Mazda returns to profitability; N.A. remains in red

11:06 am U.S. ET | April 26, 2013
Mazda rebounded to its first annual net profit in five years, the company said today. Amid the good news, the company's North American operations posted yet another loss, but Mazda CEO Takashi Yamanouchi said the red ink in North America should end this fiscal year.... Read More »