Earnings

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How PSA lured Tavares

April 7, 2014 06:01 CET
Carlos Tavares' disclosure that he didn't want to remain No. 2 at Renault got him fired, but it also got him what he wanted: the chance to be CEO of a major global automaker.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How high-revving PSA CEO Carlos Tavares plans to turn around Europe's second-largest automaker

April 7, 2014 06:15 CET
New PSA CEO Carlos Tavares faces a number of big challenges in his new job including halting losses, reducing bloated lineups, boosting PSA's presence in China and adjusting the company's European production footprint.... Read More »

 

Tesla cars to get fewer green credits as California tweaks rules

8:22 am U.S. ET | April 5, 2014
Tesla Motors, which had its first profitable quarter last year aided by sales of California environmental credits, is to receive fewer for each Model S sold as the state modifies its zero-emission vehicle program.... Read More »

 

CarMax says quarterly gross profit rises 4%

9:27 am U.S. ET | April 4, 2014
Used car retailer CarMax reported a 4 percent gain in gross profits during the final quarter of its fiscal year, but an accounting correction and tepid sales to subprime customers caused net income to drop slightly from a year ago.... Read More »

 

Ford plans $350 million charge on drop in Venezuelan currency

6:19 pm U.S. ET | April 1, 2014
Ford, which warned in December about volatility in its Venezuelan operations, will take a charge of about $350 million in the first quarter for a change in how it values the South American nation's currency.... Read More »

 

PSA partner Dongfeng posts strong 2013 profit

March 31, 2014 12:17 CET
Dongfeng Motor, which is taking a 14 percent stake in PSA, reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners.... Read More »

 

Ballard CEO says fuel cell resurgence no repeat of past bubble

March 31, 2014 11:44 CET
Ballard Power Systems Inc. is poised to report the first profit in its 21-year history as a public company, evidence the fuel cell maker isn't heading for a repeat of the 2000 technology bust.... Read More »

 

AvtoVAZ's 2013 loss shows scale of turnaround task for Russia's No. 1 automaker

March 28, 2014 10:54 CET
Russia's No. 1 carmaker, AvtoVAZ, slumped to a loss last year, hit by falling sales of its Lada cars, underlining the task facing new CEO Bo Andersson as he battles to revive the business amid economic uncertainty caused by the Crimea crisis.... Read More »

 

Volvo plans to boost development spending in expansion push

March 21, 2014 16:33 CET
Volvo plans to boost research and development spending this year as the carmaker prepares to roll out the new XC90 SUV in a reset of the brand.... Read More »

 

Volvo sees growth for all main car markets in 2014

March 21, 2014 11:17 CET
With cost cutting boosting profits last year, Volvo says it is looking forward to all its main markets growing in 2014, especially in China.... Read More »

 

Schaeffler to expand cooperation with Continental

March 21, 2014 12:16 CET
Schaeffler says it will streamline its operations and widen cooperation with fellow German supplier Continental.... Read More »

 

Schaeffler takes 380 million euro provision on EU antitrust fine

March 20, 2014 12:34 CET
German supplier Schaeffler took a 380 million euro ($526 million) provision after being fined in a European Union antitrust probe.... Read More »

 

BMW targets significant profit gain lifted by new models

March 19, 2014 12:43 CET
BMW Group forecasts ''significant'' gains in 2014 profit as new models like the 4-series Gran Coupe and i8 plug-in hybrid sports car propel record deliveries.... Read More »

 

Marchionne forecasts higher Fiat Chrysler Q1 profit

March 14, 2014 06:01 CET
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid ''strong'' industrywide demand this month for Chrysler in the United States. Marchionne also forecast that Fiat-Chrysler's deliveries may reach 5 million in 2016.... Read More »

 

Porsche predicts stable 2014 earnings

March 14, 2014 13:04 CET
Porsche predicts stable earnings in 2014 as the sports car maker invests in U.S. and Chinese operations with a focus on adding distribution outlets in emerging markets.... Read More »

 

VW Group targets 10 million sales this year

March 13, 2014 11:50 CET
VW Group may sell more than 10 million vehicles in 2014, four years earlier than planned, as the automaker expands its lineup in a bid to overtake Toyota as No. 1.... Read More »

 

Marchionne says Fiat Chrysler's Q1 profit to climb on U.S. results

March 13, 2014 19:35 CET
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month for Chrysler in the United States. Business in the United States is going well, while the Brazilian market is “choppy,” Marchionne told reporters today in Geneva.... Read More »

 

Marchionne says Fiat Chrysler's Q1 profit to climb on U.S. results

1:35 pm U.S. ET | March 13, 2014
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month for Chrysler in the United States. Business in the United States is going well, while the Brazilian market is “choppy,” Marchionne told reporters today in Geneva.... Read More »

 

PAUL MCVEIGH

Porsche is Volkswagen's profit champion

12:01 am U.S. ET | March 13, 2014
The true worth of the Porsche sports car brand to Volkswagen Group became apparent when VW released its 2013 financial results.... Read More »

 

PAUL MCVEIGH

Porsche is Volkswagen's profit champion

12:01 am U.S. ET | March 13, 2014
The true worth of the Porsche sports car brand to Volkswagen Group became apparent when VW released its 2013 financial results.... Read More »

 

BMW Group posts Q4 profit gain on 3-series demand

March 13, 2014 13:29 CET
BMW Group reported a surprise 4 percent gain in fourth-quarter profit because of strong demand for the 3 series. CEO Norbert Reithofer forecasts a new all-time high for vehicle sales in 2014.... Read More »

 

Audi says cost of foreign growth, new models to burden EBIT margin

March 11, 2014 11:41 CET
Audi is bracing for another drop in operating profit this year as the cost of foreign expansion, new models and technologies keep burdening results.... Read More »

 

Fiat-Chrysler expects new plant to boost Brazil profitability

March 7, 2014 10:18 CET
Fiat Chrysler Automobiles expects a new plant in Brazil to boost its profitability in that market by 2017 after a cut to subsidies and currency effects hit profits there last year.... Read More »

 

PSA boss Tavares wants DS to become stand-alone brand

March 4, 2014 14:09 CET
Incoming PSA/Peugeot-Citroen CEO Carlos Tavares wants the company's Citroen DS range to become a stand-alone brand as the automaker seeks to promote its upscale product offerings.... Read More »

 

LUCA CIFERRI

Tavares's message to PSA execs: Make money

12:01 am U.S. ET | March 4, 2014
Incoming PSA CEO Carlos Tavares wants profitability to be the key priority for the ailing French automaker.... Read More »

 

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