Ford Q3 profit drops 56% as North America slipsThu, 27, Oct 2016
CEO Mark Fields defended Ford's outlook of a “much weaker than normal” second half of the year as the company reported a 56 percent decline in third-quarter net income to $957 million today. “I would call our approach realism -- not optimism, not pessimism” Fields said in a call with financial analysts today. “It's realism.”
Tesla records 2nd profit as public companyWed, 26, Oct 2016
For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter. The company on Wednesday attributed the gains -- which broke a 13-quarter streak of losses -- to record production, deliveries and revenue.
Superior Industries net income rises 21% in Q3Thu, 27, Oct 2016
Net income at aluminum wheel supplier Superior Industries International rose 21 percent in the third quarter as a $1.1 million income tax benefit offset a slight decline in sales revenue.
BorgWarner Q3 net income drops on one-time chargesThu, 27, Oct 2016
Turbocharger and emissions systems supplier BorgWarner Inc. reported today a 47 percent decline in third-quarter net profit as one-time costs offset sales gains.
Visteon Q3 net income grows to $28 millionThu, 27, Oct 2016
Automotive electronics supplier Visteon today reported improved third-quarter earnings despite reduced production volumes, with net income rising to $28 million from $5 million last year.
Autoliv Q3 earnings rise 21% as Europe, China offset weak U.S.Thu, 27, Oct 2016
Autoliv reported a 21 percent rise in quarterly earnings as high production levels in Europe and China offset a weaker U.S. market.
VW brand Q3 profit plunges, Porsche lifts groupThu, 27, Oct 2016
VW Group said third-quarter operating profit at its core VW brand plunged more than half, adding weight to management calls for cutbacks at the automaker's biggest division.
Audi cuts earnings outlook as VW Group scandal costs riseThu, 27, Oct 2016
Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal. Audi forecasts that its full-year operating margin will be "considerably below" a target corridor of 8 to 10 percent.
Volvo raises 2016 outlook after Q3 profit riseThu, 27, Oct 2016
Volvo reported a 62 percent rise in third quarter earnings, driven by strong demand for new pricier models that have lifted both sales and profitability, and raised its full-year profit outlook.
Lear Q3 net income rises 18% to $214 millionWed, 26, Oct 2016
Seating and electronics supplier Lear reported an 18 percent rise in third-quarter net income to $214 million as its sales reached new heights.
Hyundai net income falls 11th straight quarter as strikes cut productionWed, 26, Oct 2016
Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won ($943 million) while net income fell for an 11th consecutive quarter to its lowest level in more than four years.
Penske Automotive Q3 net rises 1.1% to $88.5 millionWed, 26, Oct 2016
Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.