Earnings

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Why Skoda's fast rise helps and hurts parent VW Group

July 6, 2015 06:15 CET

Skoda and VW brand are heading in opposite directions. Skoda's car sales rose to a record last year and its profit margin was 7 percent, far higher than VW's 2.5 percent. Now Skoda's success is attracting the wrong kind of attention at VW Group headquarters in Wolfsburg....
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Honda restates earnings after airbag recall costs increase

6:29 am U.S. ET | June 26, 2015

Honda restated its financial results for the fiscal year ended in March, to account for additional costs to cover an expanded recall of cars equipped with Takata airbags....
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McLaren boosts profit threefold on China sales

June 26, 2015 11:51 CET

McLaren said its 2014 pretax profit rose threefold, helped by rising sales in China. McLaren sold 1,649 cars in 2014, but expects to increase annual production to 4,000 by 2017 as it adds new entry-level models to its lineup....
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GM to take $600 million Q2 charge

12:45 pm U.S. ET | June 25, 2015

General Motors said it will incur a $600 million charge on its second-quarter net profits because of a change in the way it values Venezuelan currency....
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Toyota President Toyoda earns $10.3 million, surpassing Nissan's Ghosn

June 24, 2015 11:14 CET

Toyota President Akio Toyoda became the highest-paid auto executive in Japan last year after dividend payouts pushed his total compensation to $10.3 million, passing Nissan CEO Carlos Ghosn....
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Tesla lines up $500 million line of credit

8:06 pm U.S. ET | June 12, 2015

Electric car maker Tesla Motors said Friday it had entered into a $500 million senior secured line of credit....
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Honda will take further charges of $363 million for Takata airbag recalls

7:14 am U.S. ET | June 12, 2015

Honda said it would restate its financial results for the last business year, to account for $363 million in additional costs to pay for an expanded recall of cars equipped with Takata airbag parts....
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Hyundai, Kia will cut costs as sales, profits decline

June 9, 2015 11:41 CET

Hyundai and Kia will cut costs after first-quarter sales and profit fell at the carmakers. Sales have been hit by weak SUV demand in China and a strong currency, which has helped Japanese rivals gain a competitive edge in overseas markets....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Peugeot CEO Picat improved the brand's pricing

June 2, 2015 06:15 CET

Peugeot CEO Maxime Picat has played a key role in PSA's financial turnaround as head of the automaker's largest division by improving the retail pricing of the French brand's vehicles in Europe. Picat told Automotive News Europe how Peugeot plans to keep improving....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Profits remain elusive despite Europe's sales rebound

June 1, 2015 06:15 CET

New-car sales in Europe increased for the 20th consecutive month in April and four-month sales were up 8 percent, but not all executives are convinced that this higher volume will translate into higher profitability. Some have called what's happening a margin-less recovery because the rebound hides the fact that only the strongest can squeeze a profit....
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Audi targets volume brands to keep China luxury lead

May 29, 2015 06:01 CET

Audi expects to offset softening demand for large luxury cars in China by winning sales from volume brands. Younger consumers are switching from midsize models to compact premium cars such as the A3 Sportback, according to company executives....
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Valeo expects higher sales, profits this year

May 27, 2015 12:05 CET

Valeo CEO Jacques Aschenbroich reiterated that the supplier's sales in 2015 will outpace growth in global markets. Aschenbroich expects an operating margin slightly higher than the 7.2 percent margin in 2014....
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Jaguar Land Rover profit declines most in two years

May 26, 2015 15:13 CET

Jaguar Land Rover became the latest casualty of a slowdown in Chinese auto demand, reporting its steepest drop in quarterly profit in two years after retail deliveries slumped in the world's largest vehicle market....
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Schaeffler Q1 profit buoyed by vehicle demand, weak euro

May 21, 2015 11:41 CET

German supplier Schaeffler reported a 3.8 percent rise in quarterly operating profit because of robust demand from carmakers in the U.S. and China as well as the effects of a weaker euro....
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N. America revs up Nissan's profit engine

12:01 am U.S. ET | May 18, 2015

North America has returned as Nissan's top profit engine thanks to reined-in incentives, smoother production starts and a rush of new product. CEO Carlos Ghosn calls the region the carmaker's biggest "bright point" and promises there is room to improve market share and profitability....
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Brembo raises sales growth outlook for 2015

May 15, 2015 15:47 CET

Italian supplier Brembo is expecting sales growth of as much as 12 percent this year, more than previously anticipated, after a promising first quarter....
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Penske seeks $1 billion for truck parts unit, report says

3:38 pm U.S. ET | May 15, 2015

Roger Penske's holding company is exploring a sale of Truck-Lite in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, people familiar with the matter told Reuters....
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Ford profit decline poised for a reversal in 2015, Fields says

11:15 am U.S. ET | May 14, 2015

Ford CEO Mark Fields, presiding over his first annual meeting, addressed shareholder concern about the company's lagging stock by promising the company is poised for a profit liftoff in the year's second half....
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BMW's new CEO starts in shadow of predecessor's shift to chairman

May 13, 2015 10:50 CET

The first test facing Harald Krueger, BMW Group's new CEO, will be to emerge from the shadows of his predecessor, Norbert Reithofer, who will be watching over his shoulder as the new chairman....
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Nissan operating profit falls 13% as strong N.A. sales offset by Japan, China weakness

5:17 am U.S. ET | May 13, 2015

Operating profit at Nissan declined 13 percent in the latest quarter, as falling sales in key markets such as Japan and China offset gains from a favorable exchange rate and robust sales in its top market, North America....
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Mobileye wins 2 contracts for its EyeQ4 chip

11:38 am U.S. ET | May 11, 2015

Mobileye, the Israeli designer of camera-based Advanced Driver Assistance Systems, or ADAS, for active safety and automated driving, has won two contracts to outfit vehicles with its EyeQ4 chips as standard equipment by the end of the decade....
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Subaru will add capacity 4 years ahead of schedule

12:01 am U.S. ET | May 11, 2015

Red-hot Subaru, gunning for a seventh year of record U.S. sales, is boosting production capacity in North America four years ahead of schedule....
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Suzuki 2014 profit fell on weak Asia demand

May 11, 2015 11:15 CET

Suzuki said its annual operating profit fell 4.4 percent, the first time it has fallen in six years, as weak demand in Japan and Southeast Asia offset hefty currency gains and robust earnings in India, its biggest market....
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Toyota quarterly profit jumps 46% on U.S. sales, weak yen

2:39 am U.S. ET | May 8, 2015

Booming North American sales and big foreign exchange gains powered surging profits at Toyota in the latest quarter while propelling record full-year earnings. Operating profit jumped 46 percent to $5.31 billion in the carmaker's fiscal fourth quarter....
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Subaru maker reports 21% profit increase; plans more U.S. capacity

3:31 am U.S. ET | May 8, 2015

The maker of Subaru vehicles, Fuji Heavy Industries, reported a 21 percent surge in quarterly operating profit as advantageous exchange rates and surging U.S. sales delivered record earnings. The all-wheel-drive specialist said it would speed up plans to increase production capacity in Indiana....
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