Earnings

KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter....
Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Nissan exec predicts more Europe profits despite Russia

May 6, 2015 06:15 CET

Nissan Europe Chairman Paul Willcox has led the brand to new highs in sales and market share. But despite a sharp rise in 2015 volume, Nissan's No. 1 market in the region, Russia, is giving Willcox headaches, as he explained to Automotive News Europe....
Read More »

BMW Q1 profit rises 21% as U.S., Europe demand offsets slowing China

May 6, 2015 08:40 CET

BMW reported a 21 percent jump in first-quarter profit as stronger demand in the U.S. and Europe for models such as the X5 SUV offset slowing demand in China....
Read More »

TRW says Q1 revenue up 7%, profits rise

3:36 pm U.S. ET | May 5, 2015

TRW Automotive, which is being acquired by German supplier ZF Friedrichshafen, said today that first quarter revenue grew 7 percent from last year, excluding effects of currency and divested business....
Read More »

Audi's race to catch up with BMW hurts profit margin

May 4, 2015 11:29 CET

Audi's race to catch up with German rival BMW is hurting its profit margin. Audi's operating margin slipped to 9.7 percent from 10.1 percent a year earlier, the carmaker said today, while reaffirming its 8 percent to 10 percent target range....
Read More »

Lotus sees profit after cost cuts, U.S. relaunch

May 1, 2015 06:15 CET

UK sports car maker Lotus will be profitable again by 2017 after years of losing money, CEO Jean-Marc Gales said. The company has moved to cut costs and improve its lineup and plans a relaunch in the U.S. market....
Read More »

American Axle profits rise; non-GM sales grow

8:53 am U.S. ET | May 1, 2015

American Axle & Manufacturing Holdings reported improved first-quarter earnings thanks to strong North American truck and SUV sales....
Read More »

LUCA CIFERRI

BLOG: Why Marchionne needs a powerful 'mother-in-law'

5:59 am U.S. ET | April 30, 2015

Fiat Chrysler CEO Sergio Marchionne will need a powerful, influential mother-in-law to help initiate the megamergers that he covets....
Read More »

Delphi looking for acquisition of $1 billion-$3 billion, CEO says

9:58 am U.S. ET | April 30, 2015

Delphi CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software....
Read More »

BorgWarner Q1 net income rises 12.5% but revenue falls 4.8% on currency exchanges

11:32 am U.S. ET | April 30, 2015

BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion....
Read More »

CHRISTIAAN HETZNER

BLOG: German automakers' bonus from weak euro may be hit by U.S. Fed shift

8:54 am U.S. ET | April 30, 2015

German carmakers and suppliers expect currency effects to add hundreds of millions to their bottom lines. But moves by the Federal Reserve to prop up the U.S. economy could strengthen the euro and hurt Daimler, VW and BMW....
Read More »

Marchionne's talk of industry mergers seen as 'panic'

April 30, 2015 10:59 CET

CEO Sergio Marchionne has been talking for months about merging Fiat Chrysler with a rival automaker, a sign that he's panicking at how much sales are growing while profit margins are dropping, some industry observers say....
Read More »

Continental Q1 profit rises 5% on Europe rebound

April 30, 2015 11:39 CET

Continental's first-quarter profit rose 5 percent to about 1 billion euros ($1.11 billion) as auto sales in Europe increased....
Read More »

Fiat Chrysler Q1 profit jumps 22% on Europe rebound, N. America demand

April 29, 2015 15:02 CET

Fiat Chrysler said first-quarter profit rose 22 percent to 800 million euros ($880 million), as a resurgent European market and robust demand in the U.S. helped offset losses in Latin America....
Read More »

VW Q1 profit rises 17% as cost cuts at core brand offset weaker Porsche, Audi earnings

April 29, 2015 08:56 CET

VW Group's first-quarter operating profit rose 17 percent, helped by cost cuts at the VW brand and a profit at Spanish unit Seat. The Audi and Porsche brands saw margins shrink on higher investments. The results provided VW with some respite after longtime Chairman Ferdinand Piech's sudden resignation....
Read More »

Fiat Chrysler swings to Q1 profit on N.A. strength

8:45 am U.S. ET | April 29, 2015

Fiat Chrysler Automobiles reported net income of 92 million euros ($101 million) in the first quarter as strong performance in North America offset a steep decline in Latin America. The first-quarter profit compares with a loss of $190 million a year earlier....
Read More »

CHRISTIAAN HETZNER

BLOG: Daimler mimics BMW with conservative profit outlook

6:17 am U.S. ET | April 29, 2015

Daimler seems to have taken a lead from BMW in keeping its 2015 profit outlook conservative to avoid any risk whatsoever of potentially giving the financial markets an unpleasant surprise later in the year....
Read More »

CHRISTIAAN HETZNER

BLOG: Daimler mimics BMW with conservative profit outlook

6:17 am U.S. ET | April 29, 2015

Daimler seems to have taken a lead from BMW in keeping its 2015 profit outlook conservative to avoid any risk whatsoever of potentially giving the financial markets an unpleasant surprise later in the year....
Read More »

PSA reports 5% Q1 revenue increase; raises Europe market forecast

April 29, 2015 08:14 CET

PSA said first-quarter revenue rose 4.6 percent from a year earlier as deliveries increased in China. The company raised its full-year European auto market growth forecast to 4 percent....
Read More »

NICK BUNKLEY

BLOG: The F-150, Ford's heavy-duty profit hauler

2:33 pm U.S. ET | April 28, 2015

Forget aluminum. Ford Motor Co.'s first-quarter earnings report is a reminder that the redesigned F-150 is still made of the same thing it always has been: Money....
Read More »

Ford posts 7% drop in Q1 profit, still sees 'breakthrough year'

7:02 am U.S. ET | April 28, 2015

Ford, which has forecast a "breakthrough year" for itself after remaking a large swath of its global lineup, today said its first-quarter net income fell 6.6 percent to $924 million as the launch of its aluminum-bodied pickup cut production....
Read More »

Penske Q1 net up 12% as sales rise

8:48 am U.S. ET | April 28, 2015

Penske Automotive Group reported first-quarter net income rose 12 percent driven largely by strong vehicle sales....
Read More »

Group 1's net income rises 14% in Q1

7:50 am U.S. ET | April 28, 2015

Group 1 Automotive reported net income rose 14 percent to $36 million in the first quarter, driven by solid gains in sales of both new and used vehicles in its core operations in the robust US market....
Read More »

Denso forecasts profit growth on higher Asia sales

11:10 am U.S. ET | April 28, 2015

Denso, the world's second-biggest auto supplier based on revenue, forecast a 7 percent rise in operating profit for the year ahead, citing an anticipated rise in Asian sales....
Read More »

Honda fiscal Q4 operating profit falls 32% on recall costs, flat car sales

6:08 am U.S. ET | April 28, 2015

Tepid sales and a barrage of recall costs hammered profits at Honda in the latest quarter, forcing the carmaker to miss its main targets for full-year earnings and unit sales. Operating profit tumbled 32 percent to $935.7 million in the January-March fiscal fourth quarter....
Read More »

 
Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
Most Read
Special Video Report
Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
» Watch the Video