Earnings

Daimler earnings surge 22% on new models

Feb. 4, 2016 09:44 CET

Daimler's fourth-quarter operating profit surged by 22 percent, lifted by demand for SUVs, compact cars and sales of its C class. The company, however, warned of slower growth in 2016 as China cools....
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Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations....
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Asbury income, revenues up in Q4; vehicle margins down

11:20 am U.S. ET | Feb. 4, 2016

Asbury Automotive Group said net income soared to $41.1 million in the fourth quarter of 2015 as revenues rose 9.1 percent to $1.64 billion....
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Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit....
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Subaru parent says quarterly earnings rise 21%

6:52 am U.S. ET | Feb. 4, 2016

Subaru parent Fuji Heavy Industries reported a bigger-than-expected rise in third-quarter operating profit on strong sales of its Subaru cars and a favorable currency impact, keeping it on track to post a record full-year profit....
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GM profits soar on strong truck sales, resilience in China

7:30 am U.S. ET | Feb. 3, 2016

GM posted pretax operating profit of $10.8 billion for 2015 -- including $2.8 billion in the fourth quarter -- as executives sought to reassure skeptical investors that there is plenty of profit potential remaining in the key U.S. and China markets....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford of Europe boss outlines plan to be a consistent profit maker

Feb. 2, 2016 06:01 CET

Ford of Europe President Jim Farley wants the division to be a consistent profit contributor to its U.S. parent. To do that, Farley wants the automaker to be selective on the segments where it competes, as he explained to Automotive News Europe....
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Ferrari shares slump to record low after saying sales growth will slow

3:33 pm U.S. ET | Feb. 2, 2016

Ferrari said sales growth will probably slow down in its first full year of independence from Fiat Chrysler Automobiles, sending the shares to their lowest level since the supercar maker's Oct. 21 initial public offering in New York....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Opel CEO on reaching breakeven in 2016: 'We can see the target now'

Feb. 2, 2016 06:01 CET

Karl-Thomas Neumann says Opel has beaten all internal targets since he arrived four years ago as CEO and this year the automaker expects to break even after more than a decade of losses. Neumann spoke with Automotive News Europe about the challenges that need to be overcome to reach this point....
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BorgWarner shrugs off its Wall Street beating

11:50 am U.S. ET | Feb. 1, 2016

BorgWarner is being punished by Wall Street. So far, though, CEO James Verrier isn't worried. The powertrain supplier has witnessed its share price plummet nearly 47 percent over 12 months....
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International operations help Ford's bottom line

12:01 am U.S. ET | Feb. 1, 2016

In addition to the billions of dollars earned from surging pickups and SUVs in North America, Ford posted its first European profit in five years and record results in Asia....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Opel, Ford will make Europe a reliable profit source after years of struggle

Jan. 31, 2016 06:01 CET

Ford and General Motors' European units have both suffered tough times in recent years but 2016 looks likely to be different. GM Europe is set to break even, while Ford of Europe expects to become the money-making machine it was from 2004 until 2011....
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Autoliv predicts 5% growth in 2016, but market wanted more amid Takata recalls

10:30 am U.S. ET | Jan. 29, 2016

Swedish car safety products supplier Autoliv predicted sales growth of 5 percent this year, but analysts expected more because of potential new business Autoliv could win amid the Takata airbag crisis....
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Honda quarterly profit falls 22% on recall costs, strong dollar

4:10 am U.S. ET | Jan. 29, 2016

Honda's operating profit fell 22 percent in the latest quarter as expenses for recalling Takata airbags and losses from a strong dollar undercut rising sales....
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Ford generates $7.4 billion profit for 2015 after strong Q4

7:15 am U.S. ET | Jan. 28, 2016

Ford's net income quintupled in 2015 to $7.4 billion, including $1.9 billion in the fourth quarter, as sales of its high-margin pickups and SUVs surged in a record year for the U.S. auto industry. The company earned a fourth-quarter record of $2 billion in North America....
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AutoNation's Q4 net drops 16% on discounts, VW charge

7:45 am U.S. ET | Jan. 28, 2016

AutoNation's net income dropped 16 percent to $97.5 million in the fourth quarter, even as revenues rose 5.8 percent to $5.34 billion, the company said today. The decline was due largely to increased discounting and per-vehicle margin pressure....
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Gentex Q4 profit, sales rise as mirror shipments increase

12:27 pm U.S. ET | Jan. 28, 2016

Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014....
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Harman posts strong quarterly gains from auto business

11:13 am U.S. ET | Jan. 28, 2016

Harman International Industries, which supplies audio and telematics systems to the auto industry, reported a better-than-expected quarterly profit, helped by strong demand from automakers....
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Lear reports record results for Q4, 2015 following acquisitions

10:52 am U.S. ET | Jan. 28, 2016

Seating and electronics supplier Lear said today it posted record core earnings in the fourth quarter as it continued to build on business generated from recent acquisitions....
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Johnson Controls posts lower quarterly earnings, revenue on auto weakness

10:18 am U.S. ET | Jan. 28, 2016

Johnson Controls reported lower quarterly earnings and revenue largely because of reduced sales in its automotive seating and interiors business. Net income dropped to $490 million, down 5 percent from a year earlier, the company said in a statement today....
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Fiat Chrysler Q4 adjusted earnings jump 39% as demand booms for Jeep SUVs

6:01 am U.S. ET | Jan. 27, 2016

FCA today said its adjusted earnings rose 39 percent to 1.64 billion euros, or $1.78 billion, in the fourth quarter on continued record sales of its Jeep brand. The company said it posted fourth-quarter revenues of $33.65 billion, up 11 percent, including Ferrari....
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FCA to pay UAW workers up to $4,000 in profit sharing

12:39 pm U.S. ET | Jan. 27, 2016

UAW-represented Fiat Chrysler workers will receive profit-sharing checks of as much as $4,000 this year, 45 percent more than in 2015, the company said today....
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Fiat Chrysler margin shrinks on cost of North American capacity change

Jan. 27, 2016 12:10 CET

Fiat Chrysler's fourth-quarter profit margin shrank after the company took a $903 million charge to adjust its production capacity in North America....
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Bosch probes whether its staff helped VW's emissions rigging

Jan. 27, 2016 10:03 CET

Bosch is carrying out an internal probe to investigate whether any of its staff were involved in Volkswagen's rigging of emissions tests, the supplier's CEO, Volkmar Denner, said....
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Fiat Chrysler fights to keep turnaround plan on the road

11:07 am U.S. ET | Jan. 26, 2016

Fiat Chrysler will have its work cut out on Wednesday to convince investors it can deliver its turnaround plan after model delays, deferred investments and slowing demand in key markets Asia and Latin America....
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