Earnings

Faurecia predicts 2015 profit boost on weak euro

Feb. 12, 2015 09:57 CET
Faurecia said a lower euro and cheaper raw materials would lift profit in 2015 as it posted solid second-half earnings growth. Net income rose to 78 million euros ($88 million) in the half, a 47 percent gain....
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Wilson sees plenty to fix at GM

12:47 pm U.S. ET | Feb. 11, 2015
Harry Wilson has made it clear that General Motors' inert cash pile is just the first problem he would like a chance to fix if he gets himself elected to GM's board. "This is certainly much broader than a capital return question," Wilson said Tuesday....
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GM was considering buyback since before activist pressure, report says

3:46 pm U.S. ET | Feb. 11, 2015
Even before former Treasury official Harry Wilson showed up at General Motors asking for a share buyback, the automaker was considering just such a move that could come later in this year, a person familiar with the matter told Bloomberg....
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Tesla meets Model S production goal, but losses widen

5:30 pm U.S. ET | Feb. 11, 2015
Tesla's fourth-quarter net losses widened to $108 million from $16 million as the EV maker approached the final stages of development for its Model X crossover. Fourth-quarter revenues were $957 million, up 55 percent from $615 million. Tesla said it manufactured 11,627 vehicles in the fourth quarter....
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Penske Automotive reports 23% gain in Q4 net income

10:20 am U.S. ET | Feb. 11, 2015
Strong year-end vehicle sales, gains in service and parts gross margins and investments in US commercial vehicle businesses pushed Penske Automotive Group to a 23 percent gain in net income during the fourth quarter....
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Marchionne says 'beauty contest' for Ferrari IPO is under way

Feb. 11, 2015 09:19 CET
A "beauty contest" is under way to select the banks that will take Ferrari public, said Sergio Marchionne, CEO of the supercar maker's parent, Fiat Chrysler Automobiles....
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GM management too slow, vague, Wilson says

4:54 pm U.S. ET | Feb. 10, 2015
General Motors' management has been too slow to make changes that would improve profitability and too vague in setting near-term milestones for performance, the leader of an investor group seeking a seat on the board said on Tuesday....
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Nissan operating profit nearly doubles on U.S. sales surge, weak yen

4:04 am U.S. ET | Feb. 9, 2015
Nissan's operating profit nearly doubled in its latest financial quarter, fueled by a favorable exchange rate and robust sales in North America....
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Trucks power Toyota's record N.A. profit

12:01 am U.S. ET | Feb. 9, 2015
Toyota Motor Corp. rode truck sales to a record North American quarterly operating profit, putting the carmaker on track for record full-year global earnings. North America was the sole bright spot in the October-December fiscal third quarter, with sales increases there offsetting declines in every other major market....
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AutoNation Q4 profit boosted by gains across board

12:01 am U.S. ET | Feb. 9, 2015
Strong year-end vehicle sales and improvements in all business categories pushed AutoNation Inc. to 12 percent gains in revenue and operating income in the fourth quarter from year-earlier levels. The retailer's net income rose at a slightly slower pace of 7 percent....
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Jaguar Land Rover's sales decline hits Tata profits

Feb. 5, 2015 16:07 CET
Tata Motors' quarterly profit fell as deliveries at its Jaguar Land Rover unit declined. Jaguar Land Rover's free cash flow could be negative this year as it expands its product lineup with new cars such as the Jaguar XE, Tata warned....
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Daimler launches new Mercedes cost-cutting drive to help reach profit goal

Feb. 5, 2015 14:39 CET
Daimler will launch a new efficiency program at its Mercedes cars unit to dampen the acceleration in its growing cost base as the company seeks to achieve record vehicle sales, revenue and profits for 2015....
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Daimler's Q4 profit rises 10% on Mercedes boost

Feb. 5, 2015 08:55 CET
Daimler's fourth-quarter operating profit increased 10 percent as new model launches helped the carmaker to raise sales and profit margins at Mercedes. Profit climbed to 2.82 billion euros ($3.2 billion), Daimler said....
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Takata widens loss forecast as airbag recall costs mount

10:03 am U.S. ET | Feb. 5, 2015
Takata, the Japanese airbag maker at the center of a safety crisis, widened its loss forecast for this fiscal year as automakers led by Honda expanded recalls to investigate the cause of malfunctions....
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GM counts 104 death, injury lawsuits related to car defects

9:29 am U.S. ET | Feb. 5, 2015
General Motors, which has come under media, congressional and courtroom scrutiny over fatalities caused by flawed ignition switches, is defending 104 death and injury lawsuits brought by those who blame accidents on defects in the company’s cars....
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Delphi Q4 earnings rise 13% to $344 million

9:11 am U.S. ET | Feb. 5, 2015
Delphi Automotive reported earnings that slightly beat Wall Street expectations on strong performance of its electronics and safety systems as well as powertrain businesses....
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Group 1's adjusted Q4 net hits record; GAAP operating profits, net fall

8:56 am U.S. ET | Feb. 5, 2015
Group 1's fourth-quarter adjusted net income rose 41 percent to a record $41 million, on an 11 percent rise in revenue, the nation's third-largest auto retailer said today....
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Ford's Europe unit hit by pension cost hike, Fields says

Feb. 5, 2015 12:51 CET
Ford CEO Mark Fields said rising pension costs and Russia's sales slump led the automaker to scrap its profit target for Europe. Ford says it expects to narrow its 2015 pretax loss in Europe, but the figure will exceed the $250 million loss it previously projected....
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Mazda profits dinged by lower-margin models, higher taxes

6:26 am U.S. ET | Feb. 4, 2015
A higher tax bill and a sales mix of richer in lower-margin models undercut profits at Mazda in the October-December quarter, despite rising global volume....
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GM fails to reduce European losses

Feb. 4, 2015 14:16 CET
GM failed to reduce its losses in Europe in the fourth quarter as headwinds in Russia hit its business, but the automaker reiterated its goal of returning its European operations to profit in 2016....
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GM to raise dividend, hints more for investors could come later this year

10:14 am U.S. ET | Feb. 4, 2015
General Motors said today it plans to raise its dividend by 20 percent, a move that comes as investors are calling on the auto giant to give them a bigger slice of the company's mounting pile of cash....
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GM Q4 pretax profit surges to $2.4 billion on strong pricing, truck sales

7:45 am U.S. ET | Feb. 4, 2015
General Motors said its fourth-quarter pretax profit rose 27 percent to $2.41 billion, its best fourth-quarter result since the 2009 bankruptcy, thanks to stronger pricing across its major markets and stout pickup and SUV sales in North America....
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Asbury's Q4 net income falls on financing charge; operating income up 15%

11:17 am U.S. ET | Feb. 4, 2015
Despite higher revenue and operating profit, Asbury Automotive Group's net income dropped by more than half in the fourth quarter because of a loss on the extinguishment of long-term debt....
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Toyota's quarterly operating profit rises 27% on U.S. sales gains

3:30 am U.S. ET | Feb. 4, 2015
Booming North America powered Toyota to a 27 percent operating profit increase in the October-December quarter even as sales shrank in every other major market. The region was Toyota's only bright spot as the company cut its sales outlooks for Japan, Europe and Asia....
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Subaru parent earnings lifted by U.S. growth

2:24 am U.S. ET | Feb. 4, 2015
The maker of Subaru vehicles reported a 50 percent surge in quarterly operating profit as booming U.S. vehicle sales and advantageous exchange rates lifted earnings. Operating income climbed to 124.5 billion yen ($1.04 billion) in the fiscal third quarter ended Dec. 31, Fuji Heavy Industries said today....
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