Uber lost at least $1.2 billion in first half of 2016, report saysThu, 25, Aug 2016
Uber's losses in the first half of 2016 totaled at least $1.27 billion, people familiar with the matter told Bloomberg. The ride-hailing giant is not a public company, but its finance chief briefs investors on a conference call every three months.
Linamar Q2 earnings rise 31% to $121 millionFri, 12, Aug 2016
Linamar Corp., boosted by gains across its business segments and an acquisition earlier this year, said it posted net earnings of $120.8 million ($157.3 million Canadian) in the second quarter -- a 31 percent increase from the year earlier period.
Public groups show discipline in 2nd quarterMon, 08, Aug 2016
The six publicly traded dealership groups deserve a salute for a much better second quarter than the headline numbers indicate.
Subaru parent's profit falls 24% on currency, Takata recall costsMon, 08, Aug 2016
Japanese yen trouble and Takata airbag recalls combined to knock Subaru off of its long-running earnings streak for the fiscal quarter that ended June 30.
Sales buoy Honda profit; tax bites into bottom lineMon, 08, Aug 2016
Honda Motor Co.'s North American business helped it post a 12 percent increase in global operating profit in the latest quarter.
Magna Q2 profit jumps on strong vehicle output, sales in N.A., EuropeFri, 05, Aug 2016
Auto parts maker Magna International reported a 3.7 percent rise in quarterly profit, helped by strong vehicle output and sales in North America and Europe.
AutoCanada Q2 profit, revenue rise on cost controlsFri, 05, Aug 2016
AutoCanada posted higher profits and revenue in the second quarter despite an “economic slowdown” in Western Canada that has put a chill on the retailer's unit sales. The retailer, based in Edmonton, Alberta, cited cost controls, as well as enhanced asset productivity, for the improved financial results, despite mixed new and used vehicle sales.
Magna seeks tech cred as Tesla, Google encroach on auto turfFri, 05, Aug 2016
Magna International's CEO says investors who've been dumping shares in North America's second-largest auto parts maker are overlooking a burgeoning growth driver at the Canadian company -- technology.
Takata profit slides after $35M special loss over U.S. airbag lawsuitsFri, 05, Aug 2016
Takata posted a one-third drop in quarterly profit after booking a special loss of $35 million for lawsuits in the U.S. related to the massive global recall of its airbags.
Japan's automakers scramble to counter strong yen after $5 billion hitFri, 05, Aug 2016
A resurgent yen wiped almost $5 billion off the operating income of Japan’s seven automakers in the first quarter. The industry, which accounts for about one in 10 jobs in Japan, is responding by cutting costs, dialing back expenses and turning to Prime Minister Shinzo Abe for aid.
In Tesla's Q2 report, traditional financial measures gain new prominenceThu, 04, Aug 2016
When Tesla reported second-quarter earnings on Wednesday, there was a notable twist to the financial report. It wasn't just that the company failed to hit analysts' estimates again but that it emphasized conventional financial measures. In every report since 2012, it has discussed its so-called adjusted figures before those that complied with Generally Accepted Accounting Principles, known as GAAP.
Toyota operating profit falls 15% as strong yen hurts earningsThu, 04, Aug 2016
Toyota's operating profit in the latest quarter fell 15 percent to $6.33 billion as a strong yen weighed on earnings. The automaker plans more aggressive cuts in labor costs and other expenses to offset unfavorable currency exchange rates. It also lowered its forecast for full-year operating profit to a four-year low.