VW's Seat brand in focus as group seeks cost cuts

Nov. 12, 2015 14:40 CET

Volkswagen has stood by its Seat brand through years of losses, but the spreading diesel-emissions scandal will test the group's loyalty to the Spanish unit as CEO Matthias Mueller seeks to make cuts....
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Porsche SE profit hit by VW emissions scandal costs

Nov. 10, 2015 13:03 CET

Porsche SE, Volkswagen Group's majority shareholder, said nine-month net profit plunged by more than half on costs associated with VW's diesel emissions scandal....
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Continental boosts earnings on Europe, U.S. growth

Nov. 9, 2015 12:03 CET

Continental said its third-quarter earnings rose 11 percent as Europe and the U.S. offset slower growth in China's car market....
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Tata Motors posts surprise loss on China slump, blast costs

8:37 am U.S. ET | Nov. 6, 2015

A slump in China sales at Jaguar Land Rover amid a market slowdown and a one-time expense contributed to its Indian parent Tata Motors posting an unexpected loss....
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Fiat Chrysler U.S. unit’s Q3 profit falls 89% on costs for recalls

7:02 am U.S. ET | Nov. 6, 2015

Fiat Chrysler Automobiles' U.S. unit said third-quarter earnings tumbled 89 percent as recall costs eroded profit from booming Jeep sales....
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TrueCar posts 28% revenue gain, narrower loss for Q3

4:30 pm U.S. ET | Nov. 5, 2015

TrueCar, the car-shopping website that is undergoing a leadership transition, reported higher third-quarter revenue and a record number of vehicle sales through its digital channels, but still suffered an $11.1 million net loss....
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Toyota earnings surge 26% as currency gains, cost cutting offset lower sales

2:43 am U.S. ET | Nov. 5, 2015

Toyota's operating profit surged 26 percent surge in the latest quarter, as cost cutting and foreign exchange rate gains offset declining global sales....
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Magna says factory glitches to hurt profit; Q3 revenue, margins decline

7:29 am U.S. ET | Nov. 5, 2015

Magna International said operational glitches at three of its plants in North America would weigh on its earnings in the current quarter and spill over to the first half of next year....
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Visteon, with new focus on electronics, swings to small profit

4:05 pm U.S. ET | Nov. 5, 2015

Visteon said today it posted a small but improved profit during the third quarter -- its first quarter as a supplier focused solely on cockpit electronics....
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ADESA profits, revenue grow in Q3

3:43 pm U.S. ET | Nov. 5, 2015

KAR Auction Services Inc., parent company of ADESA, reported third-quarter net income increased 10 percent to $52.3 million on revenue that rose 13 percent to $666.7 million....
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Subaru maker boosts profit 41% on higher N.A. sales, weak yen

2:30 am U.S. ET | Nov. 5, 2015

Fuji Heavy, the maker of Subaru vehicles, reported a 41 percent surge in operating profit in the latest quarter, helped by higher sales in North America and advantageous exchange rates....
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Mazda quarterly profit surges on higher sales, cost cutting

8:04 am U.S. ET | Nov. 5, 2015

Mazda today reported a major increase in operating profit in the latest quarter on the back of rising sales in Europe and Japan and aggressive cost cutting....
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Honda profit hit by quality-related expenses

Nov. 4, 2015 11:17 CET

Honda's quarterly profit missed estimates on quality-related expenses and as demand slumped in Japan. Net income rose 6.9 percent to $1.06 billion in the quarter through September, the company said....
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Suzuki lifts annual profit outlook on strong India, VW stake sale

Nov. 4, 2015 11:38 CET

Suzuki says it has lifted its annual net profit forecast by 14 percent, citing better-than-expected earnings in India and the sale of its stake in Volkswagen Group....
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Tesla's Model X output could be the focus of Q3 report

6:41 am U.S. ET | Nov. 3, 2015

When Tesla Motors releases third-quarter results after the market closes today, analysts and investors will be focused on how production of the Model X SUV is going -- and if it is increasing fast enough to get Tesla to its ambitious target of delivering at least 50,000 autos this year....
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Tesla's loss triples to $230M on Model X hiccups

4:22 pm U.S. ET | Nov. 3, 2015

Despite building and delivering a record number of vehicles in the third quarter, Tesla Motors on Tuesday reported that its net loss tripled to $230 million, a result of the long-delayed rollout of the Model X crossover....
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CDK Global sees earnings boost from cost-cutting, improved efficiency

1:03 pm U.S. ET | Nov. 3, 2015

CDK Global CEO Steve Anenen said today that the dealership software company should see $10 million in savings over the next nine months from consolidation of its customer support staff and better software implementation processes....
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BMW boosts Q3 profit as Europe offsets slow China

Nov. 3, 2015 08:55 CET

BMW posted a 4.3 percent increase in third-quarter profit as strong sales in higher-margin core European markets outweighed weak demand in China....
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Audi's third-quarter profitability drops as recall costs loom

Nov. 2, 2015 11:48 CET

Audi's third-quarter profit margin was at the bottom of its target corridor, increasing pressure on the brand to boost earnings as a recall looms of rigged diesel engines affected by parent VW Group's emissions scandal....
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Nissan raises full-year forecast on strong Q2 North America sales

Nov. 2, 2015 09:35 CET

Nissan raised its full-year forecast after reporting higher-than-expected profit for its second quarter on stronger vehicle sales in North America....
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American Axle Q3 profits rise 38%

12:00 pm U.S. ET | Oct. 30, 2015

American Axle & Manufacturing reported a 38-percent increase in third-quarter net income on the strength of sales to non-GM customers....
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BLOG: VW scandal risks still not clear

12:01 am U.S. ET | Oct. 29, 2015

VW gave some comprehensive disclosures about the risks stemming from the Dieselgate scandal when presenting its third-quarter financial report, but observers are no the wiser about the final outcome of the crisis....
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Renault's sales to Nissan, Daimler help to offset Europe wobble

Oct. 29, 2015 19:10 CET

Renault's third-quarter revenue rose 9.4 percent, lifted by growing business with Nissan and Daimler, as well as sales of its own new models in a rebounding European market....
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Johnson Controls earnings fall on sale of business line

11:28 am U.S. ET | Oct. 29, 2015

Johnson Controls posted lower net income from continuing operations for the fiscal fourth quarter on Thursday, largely due to the sale of a business segment....
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Penske reports a 17% rise in Q3 profits, eyes Europe deals

8:00 am U.S. ET | Oct. 29, 2015

Penske Automotive Group reported third-quarter net income rose 17 percent on higher vehicle sales and strong revenue from finance and insurance, and service and parts operations. The company ended the quarter with about $800 million in liquidity and Chairman Roger Penske hinted at further dealership acquisitions coming in Europe this quarter or in the first quarter....
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