Wall Street

Ford to buy back $1.8 billion in stock

5:17 pm U.S. ET | May 7, 2014
Ford Motor said it will repurchase $1.8 billion of its shares to reduce dilution from recent stock grants to executives and to offset shares that may be issued to holders of convertible debt....
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LUCA CIFERRI

Marchionne follows the money

12:01 am U.S. ET | May 6, 2014
Why is Fiat Chrysler CEO Sergio Marchionne today presenting his latest business plan for the Italian automaker at Chrysler's U.S. headquarters in Auburn Hills, Michigan, and not at Fiat's base in Turin?...
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LUCA CIFERRI

Marchionne follows the money

12:01 am U.S. ET | May 6, 2014
Why is Fiat Chrysler CEO Sergio Marchionne today presenting his latest business plan for the Italian automaker at Chrysler's headquarters near Detroit, and not at Fiat's base in Turin?...
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Ontario plans to unload remaining stake in GM

1:29 pm U.S. ET | April 11, 2014
The Canadian province of Ontario plans to sell its remaining shares of General Motors Co. in the next year as part of a review of its state-owned assets....
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GM investors unshaken as recall cuts $3 billion in stock market value

1:48 pm U.S. ET | April 7, 2014
Some of GM's institutional investors say they're keeping faith in the stock after the recall crisis wiped out more than $3 billion in shareholders' value over four weeks. CEO Mary Barra has apologized for the lives lost in accidents tied to an ignition switch defect and promised an aggressive investigation into why it took so long to do anything even though some at GM knew about the faulty switches as early as 2001....
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TrueCar files plans to go public with stock

5:37 am U.S. ET | April 4, 2014
Online auto-shopping service TrueCar said today it has filed a statement with the Securities and Exchange Commission to sell shares in an initial public offering. The company said it could raise as much as $125 million from the stock sale....
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JENNIFER CLARK

End of an era at Fiat

12:01 am U.S. ET | April 1, 2014
Fiat held its last annual shareholder's meeting in Turin. The next one will be in the Netherlands, which is like Ford Motor holding its annual assembly in Canada....
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Ally Financial IPO could generate $2.7 billion for U.S. Treasury

9:00 am U.S. ET | March 27, 2014
Ally Financial, the former GMAC auto lender rescued by the federal government during the 2008 financial crisis, is helping the Treasury Department divest its stake by seeking as much as $2.7 billion in an initial public offering....
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Wall Street assesses GM's reputation damage

3:22 pm U.S. ET | March 14, 2014
The potential hit to General Motors' reputation from its recall of 1.6 million cars for faulty ignition switches poses a greater risk than the associated financial costs, analysts say....
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GM board to lose three members as UCLA's Telles says she will step down

5:10 pm U.S. ET | March 13, 2014
General Motors now expects to lose three of its outside board members this year. Cynthia Telles, who joined the GM board in April 2010, plans to step down after the company's annual shareholder meeting this summer, GM said today....
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GM assures analysts of pricing 'discipline' amid rising truck discounts

7:24 am U.S. ET | March 6, 2014
General Motors has been ratcheting up discounts on its full-size pickups over the last month, but it is telling Wall Street analysts that it intends to maintain premium pricing and margins on the trucks despite a drop in volume and market share....
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Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles....
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PHILIP NUSSEL

Will analysts' expectations continue to rule the economy?

3:02 pm U.S. ET | Feb. 7, 2014
We've all known for years that analyst speculation is more important than any real numbers put out by companies or the government. And based on the way the financial media report the numbers, it seems abundantly clear that analysts' expectations can never be wrong. Or could that be changing, maybe just a teensy bit?...
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GM's Q4 profit grows 2% on strong N.A., China results

7:31 am U.S. ET | Feb. 6, 2014
General Motors rode strong pricing in North America and sales growth in China to slightly higher fourth-quarter profits, even as its performance skidded in other international markets. GM said its net income for the October-December period rose 2 percent from a year earlier, to $913 million, marking its 16th straight quarterly profit since exiting bankruptcy....
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GM Q4 net income rises 2% to $913 million

Feb. 6, 2014 13:31 CET
GM said its fourth-quarter earnings rose 2 percent to $913 million, helped by strong pricing in North America. It also more than halved its loss in Europe....
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Delphi says it doubled net income in Q4

10:56 am U.S. ET | Feb. 4, 2014
Delphi Automotive said its net income in the fourth quarter more than doubled to $298 million compared with $136 million a year earlier....
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Lear adjusted income drops 11% in Q4

3:24 pm U.S. ET | Jan. 31, 2014
Automotive seating and electrical component supplier Lear, profitable all four years since emerging from bankruptcy in November 2009, posted an 11 percent drop in adjusted fourth-quarter profits....
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Tenneco posts profit gains for Q4 and 2013

3:14 pm U.S. ET | Jan. 31, 2014
Tenneco, a supplier of ride-control and emissions-control systems, said its fourth-quarter adjusted net income rose 33 percent from a year earlier....
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Ford earnings pinched by recalls, incentives

7:03 am U.S. ET | Jan. 28, 2014
Ford earned $3 billion in the quarter, 90 percent more than the same period a year ago, though more than two-thirds of the profit was related to favorable tax benefits. Excluding the $2.1 billion tax gain and other one-time items, Ford's pretax operating profit fell 24 percent to $1.3 billion....
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RICHARD JOHNSON

Why George Chaconas is such a busy man

4:24 pm U.S. ET | Jan. 25, 2014
Sit with dealmaker George Chaconas of Performance Brokerage Services at the Starbucks outside the convention hall, and you discover a busy guy....
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Hyundai Q4 profits gain 15%, but results fall short

Jan. 24, 2014 06:01 CET
Hyundai said fourth-quarter net income climbed 15 percent over the previous year, but forecast sales growth would hit an eight-year low in 2014 as competition intensifies and the stronger won hampers exports....
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Hyundai Q4 profits gain 15%, but results fall short

10:56 am U.S. ET | Jan. 23, 2014
Hyundai said fourth-quarter net income climbed 15 percent to 2.06 trillion won ($1.9 billion), from 1.79 trillion won a year earlier. But the results did not meet analyst expectations and Chairman Chung Mong Koo forecast the weakest sales growth in eight years for 2014....
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GM expects 'modest' gain in U.S. retail market share in 2014

7:51 am U.S. ET | Jan. 15, 2014
General Motors expects to gain "modest" market share at the retail level in the United States this year while continuing to command strong prices, the company said today as its new executive management team took charge....
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GM to pay first dividend in 6 years

5:10 pm U.S. ET | Jan. 14, 2014
General Motors will pay the first quarterly dividend on its common stock in almost six years, marking another step in the recovery from its 2009 bankruptcy. Separately, GM named Chuck Stevens as CFO to replace Dan Ammann, who became the automaker's president Wednesday....
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Autobytel acquires lead wholesaler AutoUSA from AutoNation

12:01 am U.S. ET | Jan. 14, 2014
Autobytel, one of the largest providers of lead prospects to auto dealers, has purchased AutoUSA from AutoNation for $10 million in cash, a $1 million convertible note and other consideration....
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