Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profitsTue, 26, Jul 2016
Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.
Sonic Automotive's Q2 net income surges 54%Tue, 26, Jul 2016
Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.
Asbury Q2 net income falls 11%Tue, 26, Jul 2016
Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.
Faurecia lifts 2016 profit guidance after strong first halfTue, 26, Jul 2016
Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said.
Hyundai Q2 profit slips 2.6%; tougher U.S. market, Brexit hit forecastTue, 26, Jul 2016
Hyundai's quarterly profit slipped 2.6 percent percent to $1.46 billion, the 10th consecutive decline. Shrinking demand for its sedans in the U.S. hit earnings. Hyundai also said the U.K.'s Brexit vote had clouded its outlook for the EU.
GM rides North America to record post-Chap. 11 netMon, 25, Jul 2016
General Motors, riding profitable North American retail sales, posted second-quarter net income that more than doubled to $2.87 billion, as revenue rose 11 percent to $42.37 billion.
Autoliv net income gains 8.5% in Q2 as airbag business growsFri, 22, Jul 2016
Swedish safety products supplier Autoliv said it posted gains across all its product lines during the second quarter as it generated more airbag business than expected in the wake of the Takata recall crisis.
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.
JCI's auto unit posts record quarterly profit with spinoff approachingThu, 21, Jul 2016
Johnson Controls reported record income in its fiscal third quarter for its automotive unit, even as revenue fell 19 percent due in part to the deconsolidation of its interiors business.
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.
Volvo eyes record year as profit triples in first halfThu, 21, Jul 2016
Volvo is confident of reaching record sales and earnings for the full year after it reported half-year operating earnings rose to 5.59 billion Swedish crowns ($649.8 million) up from 1.66 billion in the same period last year.
Mercedes' Q2 profit drops on Takata airbag recallThu, 21, Jul 2016
Daimler reported weaker profit from its Mercedes Cars unit in the second quarter because of the cost of refreshing its lineup and one-time charges related to recalling cars with faulty Takata airbags. The unit's profit margin dropped to 6.4 percent, compared with 10.5 percent last year.