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Top Tesla investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock.
Three-wheel vehicle producer Elio Motors is seeking to raise $100 million -- and fast -- as the company seeks to shore up its deteriorating finances.
Ride-hailing company Uber is evaluating options for its capital-intensive car-leasing business, including a sale of the unit, a source familiar with the matter told Reuters.
Elon Musk calls Tesla's mammoth battery factory in Nevada an “alien mothership.” For the carmaker's newest lenders, the plant might as well be in outer space.
Canadian metal parts supplier Martinrea posted a boost in net income and profit margins during the second quarter after taking one-time charges for closing a plant in Detroit a year ago.
Tesla's Elon Musk is selling his dream. Bond investors seem to be closing their eyes and buying it. Musk on Monday came away with orders for $600 million after just a few hours.
Dana's second-quarter net income increased 67 percent to $75 million, helped by higher demand for light-vehicle and off-highway products, improved operations and a major acquisition.
Denso said its net income surged 66 percent in its fiscal first quarter as the supplier's revenue rose 6.6 percent on higher vehicle output in its major markets.
Aisin Seiki's net fell in the quarter ended June 30, compared with the year-earlier period when the supplier's earnings were inflated by a special item.
Tenneco has established a $132 million fund to clean up antitrust lawsuits in the backwash of government investigations in Europe and the U.S., which are now concluding.
Sonic's second-quarter net tumbled 47 percent on a 1 percent rise in revenue. The company blamed weak new-vehicle sales and thinning margins.
Seating supplier Adient said it posted $204 million in net income during the recent quarter, compared with a $14 million loss last year dragged down by one-time restructuring costs.
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