Earnings

GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg.... Read More »

 

Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls.... Read More »

 

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations.... Read More »

 

Fiat calls Aug. 1 shareholder meeting to approve Chrysler merger

July 3, 2014 12:40 CET
Fiat has called a shareholder meeting on Aug. 1 to approve its merger with Chrysler, potentially clearing the way for the new company to be listed in New York as planned before the end of this year.... Read More »

 

Fiat Chrysler shareholders to vote on merger in early August

June 30, 2014 17:01 CET
Fiat Chrysler shareholders will meet early August to vote on the merger between the Italian carmaker and its U.S. unit, CEO Sergio Marchionne said on the sidelines of an event in Turin.... Read More »

 

Highlights from the 'Car Wars' report

12:01 am U.S. ET | June 16, 2014
Fiat Chrysler Automobiles goal of a 4-point share gain by 2018 is 'unattainable,' and General Motors will rely heavily on crossovers, according to the Bank of America Merrill Lynch 'Car Wars' report. Here are some highlights.... Read More »

 

Share will hinge on makers' product pace

12:01 am U.S. ET | June 16, 2014
Ford Motor Co. and Honda Motor Co. lost more U.S. market share than any other automakers so far this year. But that may soon change, according to this year's "Car Wars" report from Bank of America Merrill Lynch.... Read More »

 

GM employees are 'owning' Valukas report, Barra says

9:27 am U.S. ET | June 10, 2014
General Motors CEO Mary Barra said today that the company's employees are galvanized by the findings of its internal investigation into a deadly defect that exposed "incompetence" and a troubled corporate culture.... Read More »

 

THE GM RECALL

GM ignition-switch protesters expected at annual meeting

4:06 pm U.S. ET | June 9, 2014
A planned protest at General Motors headquarters by family members of crash victims will serve as the backdrop Tuesday to an annual meeting of GM shareholders here that should prove more substantive than the mundane proceedings of past years.... Read More »

 

VW CEO Winterkorn pledges growth in U.S., Brazil

May 13, 2014 12:24 CET
Volkswagen CEO Martin Winterkorn said the automaker will redouble efforts to boost flagging sales in the United States as well as grow in Brazil as VW chases Toyota's global sales lead.... Read More »

 

Chrysler posts $690 million Q1 net loss on merger costs

9:05 am U.S. ET | May 12, 2014
Chrysler Group reported a net loss of $690 million as it paid transaction costs associated with its completed merger with Fiat. The net loss was the first for Chrysler since the second quarter of 2011.... Read More »

 

Toyota penalty eats into earnings

12:01 am U.S. ET | May 12, 2014
Toyota Motor Corp.'s $1.2 billion penalty for misleading American customers about unintended-acceleration defects took a bite out of the company's otherwise robust January-March earnings. North America was one of the few regions where Toyota saw a decrease in operating profit.... Read More »

 

AutoCanada Q1 profit rises 22%

2:28 pm U.S. ET | May 9, 2014
AutoCanada, the largest publicly traded dealer group in Canada, said Thursday its net income rose 22 percent in the first quarter from a year earlier to $8.3 million Canadian ($7.6 million U.S.), driven by improved operating results in used vehicle, parts, service and collision repair departments.... Read More »

 

Mulally says 'no regrets' as Ford shareholders cheer him

12:02 pm U.S. ET | May 8, 2014
Ford CEO Alan Mulally, presiding over his final annual meeting, said today he has “no regrets” about his eight years leading the automaker's turnaround and gave a vote of confidence to his successor.... Read More »

 

Tesla posts Q1 net loss of $49.8 million

7:21 am U.S. ET | May 7, 2014
Despite record production of 7,535 Model S electric vehicles, Tesla Motors posted a $49.8 million net loss in the first quarter while revenue rose to $620 million.... Read More »

 

American Axle earnings get boost from Jeep Cherokee, Ram pickup

3:49 pm U.S. ET | May 2, 2014
American Axle & Manufacturing today reported its strongest quarterly earnings in more than a year, crediting strong sales from the new Jeep Cherokee and Ram pickup.... Read More »

 

BorgWarner raises 2014 forecast as Q1 profits rise 12%

10:01 am U.S. ET | May 1, 2014
BorgWarner, which makes a variety of fuel efficient components such as dual-clutch transmissions, raised its 2014 earnings forecast after posting a better-than-expected first-quarter profit.... Read More »

 

PSA shareholders back Dongfeng tie-up

April 25, 2014 17:28 CET
Shareholders of PSA/Peugeot-Citroen approved a rescue deal that makes Chinese carmaker Dongfeng and the French state core shareholders of the struggling automaker.... Read More »

 

Toyota's global sales top VW, GM for 3rd straight quarter

5:11 am U.S. ET | April 23, 2014
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

AutoNation says Q1 net income rose 15% to $95.1 million

7:11 am U.S. ET | April 17, 2014
Despite 10 weeks of problematic winter weather to start the year, a late March rebound in dealership traffic helped drive AutoNation's net income 15 percent higher in the first quarter of 2014 from the year-earlier period, the company said today.... Read More »

 

Chrysler to take $130 million charge in first quarter due to Venezuela

4:25 pm U.S. ET | April 11, 2014
A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile's Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said today in a filing with federal regulators.... Read More »

 

CarMax says quarterly gross profit rises 4%

9:27 am U.S. ET | April 4, 2014
Used car retailer CarMax reported a 4 percent gain in gross profits during the final quarter of its fiscal year, but an accounting correction and tepid sales to subprime customers caused net income to drop slightly from a year ago.... Read More »

 

AutoNation reports 6% March volume increase, best-selling Q1 since 2007

12:02 pm U.S. ET | April 2, 2014
AutoNation said today its new-vehicle retail sales in the United States rose 6 percent in March from a year earlier to 28,796 units.... Read More »

 

JENNIFER CLARK

End of an era at Fiat

12:01 am U.S. ET | April 1, 2014
Fiat held its last annual shareholder's meeting in Turin. The next one will be in the Netherlands, which is like Ford Motor holding its annual assembly in Canada.... Read More »

 

Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
News by Brand


Rocket Fuel