Cooper-Standard says Q4 net income rises 43%Fri, 17, Feb 2017
Cooper-Standard Holdings said fourth-quarter net income rose 43 percent to $31.1 million. Sales improved 2.4 percent to $875.4 million.
Aston Martin expects return to profitability in 2018Thu, 16, Feb 2017
Aston Martin CEO Andy Palmer expects a return to profitability in 2018 as the money-losing automaker invests heavily to update existing models and develop several new vehicles through 2019.
Tower's adjusted earnings rise 23% in Q4Wed, 15, Feb 2017
Tower International reported fourth-quarter adjusted earnings of $56.2 million, up 23 percent from $45.9 million a year ago, while net income plummeted 88 percent for the quarter.
Lithia posts 7.5% increase in Q4 net incomeWed, 15, Feb 2017
Lithia Motors' net income rose 7.5 percent to $51.3 million in the fourth quarter on strong used-car sales and record finance and insurance gains, the retailer said.
Tata Motors posts 96% profit plunge as Land Rover sales declineWed, 15, Feb 2017
Tata Motors has reported a 96 percent fall in net profit for its third quarter, citing sharply lower earnings at its Jaguar Land Rover unit and losses in its domestic business.
Volvo upbeat on 2017 after 66% earnings jumpWed, 08, Feb 2017
Volvo Cars reported double-digit improvements in 2016 earnings and revenue on Wednesday and forecast a fourth consecutive year of record sales for 2017. Operating profit rose 66 percent to 11 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns.
GM predicts earnings encoreMon, 13, Feb 2017
General Motors projects “another strong year” ahead for itself, despite challenges posed by growing inventories and flattening U.S. sales.
BorgWarner records $441 million charge to fight asbestos claimsThu, 09, Feb 2017
BorgWarner, the supplier of turbocharger and emissions systems, reported a net loss of $293 million in the fourth quarter of 2016 as it announced a one-time asbestos-related charge of $441 million.
Takata forecasts third annual loss after U.S. criminal settlementFri, 10, Feb 2017
Takata, the troubled airbag supplier behind the biggest auto safety recall, said it will probably report a third consecutive annual loss as it booked a one-time charge after agreeing to settle a U.S. criminal investigation.
Dana says adjusted earnings rise 29% to $166 millionThu, 09, Feb 2017
Dana, a power-technologies and driveline supplier, said its adjusted earnings increased 29 percent, before interest and taxes, to $166 million, up from $129 million in 2015.
Incentives hit Subaru parent profitMon, 13, Feb 2017
The maker of Subaru vehicles said spiraling warranty costs, higher incentives and big foreign exchange rate losses sent operating profit plunging 35 percent in the latest quarter.
Takata to set aside $864 million as part of U.S. Justice Dept. settlementThu, 09, Feb 2017
Takata said it will set aside 96.93 billion yen ($864.4 million) as part of a $1 billion settlement with the U.S. Justice Department over the world's largest ever auto recall.