Earnings

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 »

 

Audi recall no threat to Continental's financial guidance, CEO says

7:33 am U.S. ET | Oct. 31, 2014
Supplier Continental AG said a fault with airbags installed at Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.... Read More »

 

Mazda, Fuji Heavy post big quarterly profit gains on weak yen

6:49 am U.S. ET | Oct. 31, 2014
Mazda Motor and Subaru's parent company Fuji Heavy Industries today posted rosy second-quarter profit growth as a weak yen made their exports more lucrative.... Read More »

 

Lithia will continue rapid acquisition pace after DCH

9:08 am U.S. ET | Oct. 30, 2014
Lithia Motors will continue its rapid pace of acquisitions over the next year despite just closing a huge deal to buy DCH Auto Group, executives said today. Their remarks came as Lithia reported its third-quarter net income increased 11 percent to $34.5 million.... Read More »

 

BorgWarner posts flat net income for Q3 after one-time charges

2:15 pm U.S. ET | Oct. 30, 2014
BorgWarner reported today a 13 percent increase in revenue and flat net income for the third quarter after one-time charges.... Read More »

 

Tower International reports higher Q3 profits on improved sales in Americas

10:19 am U.S. ET | Oct. 30, 2014
Tower International today reported improved earnings in the third quarter due to improved sales in the Americas.... Read More »

 

Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014
Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill.... Read More »

 

Penske Automotive eyes more growth overseas, retail truck stores

10:04 am U.S. ET | Oct. 29, 2014
Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. Penske said today it agreed to raise its stake in The Around The Clock Freightliner Group, a “heavy-duty retail truck dealership group” in Texas, Oklahoma and New Mexico. Penske said such businesses are attractive because they provide strong revenue with lower costs.... Read More »

 

Mitsubishi's net rises 8 percent as U.S. sales soar

3:28 pm U.S. ET | Oct. 29, 2014
Mitsubishi Motors said net income rose 8 percent in the latest quarter, aided by results in North America.... Read More »

 

Honda says quarterly North American operating profit drops 14%

10:01 am U.S. ET | Oct. 28, 2014
Falling sales and hefty incentives undercut North American profit at Honda in the latest quarter, as the automaker trimmed its full-year sales and profit outlooks.... Read More »

 

TRW's revenue slips 1%, net income falls 4% in Q3

11:02 am U.S. ET | Oct. 28, 2014
Automotive safety technology supplier TRW Automotive Holdings, preparing for its $13.5 billion acquisition by ZF Friedrichshafen, today said its third-quarter revenue dropped 1 percent to $4.16 billion from a year earlier, while net income fell 4 percent.... Read More »

 

Tenneco's adjusted Q3 net income rises 26% on record revenue

12:27 pm U.S. ET | Oct. 27, 2014
Tenneco, a supplier of ride control components and emission control systems, said today its adjusted third-quarter net income rose 26 percent from a year earlier to $78 million.... Read More »

 

Ford's Fields takes his lumps in Q3, looks to next year

7:06 am U.S. ET | Oct. 24, 2014
Ford CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally. He gave every sign that he'll have more to show off next year. While earnings and revenue fell, Fields said new vehicles on tap will deliver "strong, profitable growth."... Read More »

 

Fiat Chrysler's targets seen at risk as N.A. still pressured

2:07 pm U.S. ET | Oct. 24, 2014
Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America.... Read More »

 

Delphi Q3 profit rises on higher demand in Asia, North America

7:39 am U.S. ET | Oct. 24, 2014
Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America.... Read More »

 

Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.... Read More »

 

GM operating profits fall 14% in Q3 on flat revenue

7:45 am U.S. ET | Oct. 23, 2014
GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent.... Read More »

 

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