Ford expects autonomy, mobility to take $300M bite out of 2017 earningsJan. 16
Ford expects its investment on mobility and autonomous vehicles to reduce its 2017 earnings by $300 million, providing a breakout of its investments in the future for the first time. Despite that hit, Ford said 2017 preliminary net income grew 70 percent due in large part to a much lower effective tax rate.
GM expects 2018 results in line with 2017; AV investment increasedJan. 16
FCA could be net cash positive by June, Marchionne saysJan. 15
Fiat Chrysler Automobiles could, by June, finally join other major automakers that have more cash on hand than debt on their books, while the company's next CEO won't be revealed until late this year.
Marchionne sees room for FCA to double profit by 2022Jan. 14
China's car boom puts Volvo owner Geely on track to double profitJan. 10
Billionaire Schaefflers hold the keys to Conti's fortunesJan. 10
Breaking up Continental is an old idea, but even as suppliers such as Delphi and Autoliv announced they were dividing last year, the German giant didn't budge. With Conti now talking of a major overhaul, all eyes are the billionaire Schaeffler family, which controls almost half of the supplier's stock.
Aston Martin targets valuation of nearly $7 billion in potential IPO, report saysJan. 9
Aston Martin is targeting a valuation of as much as $6.8 billion in a potential IPO, Bloomberg reported. Investors' interest could be bolstered by the automaker's planned expansion into the lucrative SUV segment.