Ford profits soar on F-150 sales, Europe reboundThu, 28, Apr 2016
Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs.
Visteon reports drop in Q1 net income but gross margin risesThu, 28, Apr 2016
Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.
BorgWarner Q1 adjusted earnings rise 5%Thu, 28, Apr 2016
Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.
Group 1 CEO says automakers need to cut productionWed, 27, Apr 2016
The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.
Penske Q1 net rises 5.7% on higher salesTue, 26, Apr 2016
Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.2 million in the quarter as revenue jumped 7.6 percent to $4.82 billion.
AutoNation's Q1 net income falls 14% on lower sales, Texas woesFri, 22, Apr 2016
AutoNation's net income dropped 14 percent to $95.9 million in the first quarter, though revenues rose 3.5 percent to $5.12 billion. The slide in net was due to weaker vehicle sales and charges related to a Texas hailstorm and a change in how the retailer accounts for stock-option compensation.
JCI says seating orders accelerate as Adient spinoff approachesThu, 21, Apr 2016
On the verge of spinning off its automotive seating business into a new company called Adient, Johnson Controls said its seating orders accelerated during the first half of fiscal 2016, and were “nearly equal to full year fiscal 2015 levels."
Tesla shares surge as Model 3 orders speed past estimatesFri, 01, Apr 2016
Tesla shares surged to their highest in six months early today after the electric car maker said orders for its new Model 3 sedan, its first car aimed at the mass market, reached 198,000.