BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soarsThu, 28, Jul 2016
BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.
Ford posts 9% decline in Q2 profit, warns of challenges aheadThu, 28, Jul 2016
Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.
Penske Automotive's Q2 net slips 0.7% on currency, interest costs.Thu, 28, Jul 2016
Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.
Tesla, SolarCity close to merger agreement, report saysSun, 24, Jul 2016
Tesla Motors and SolarCity have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter told Reuters.
For Elon Musk, Tesla's impresario, the latest act falls flatFri, 22, Jul 2016
The hints, the tweets, the will-he-or-won't-he suspense. It was classic showman Elon Musk. Then his much-hyped 1,500-word manifesto dropped and -- whiff.
Musk's new Tesla 'master plan' comes with big price tagThu, 21, Jul 2016
Elon Musk's latest "master plan" for Tesla Motors to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving, could cost $2 billion to $3 billion or more, experts and analysts said Thursday.
GM Q2 net income more than doubles to $2.87 billionThu, 21, Jul 2016
General Motors' strategy of focusing on retail sales in North America paid off in the second quarter, with net income more than doubling from the year-earlier quarter. GM reported overall net income of $2.87 billion in the second quarter, up from $1.12 billion in the second quarter of 2015.
Dana Q2 net income falls 10% as company tweaks its corporate nameThu, 21, Jul 2016
Dana Holding today reported a 10 percent decline in second-quarter net income to $53 million on lower sales in its commercial vehicle and off-highway driveline units. The company also tweaked its official name for the second time in eight years.
Tesla probed by SEC over disclosure of fatal crash, report saysMon, 11, Jul 2016
The U.S. Securities and Exchange Commission is probing Tesla Motors for a possible breach of securities law stemming from Tesla's decision not to inform investors of a May 7 fatal crash involving its Autopilot automated driving system, according to a newspaper report.