Earnings

Porsche will increase work force 24% in global expansion

July 1, 2014 15:43 CET
Porsche will increase its headcount by about 5,000 to underpin its global growth ambitions. The new jobs will be created in model development, production, sales and servicing, Porsche said....
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Airbag recall could drive Takata into the red

5:44 pm U.S. ET | June 25, 2014
Takata could face a $500 million charge and a net loss this year -- its second in three years -- as a widening recall of airbag inflators begins to kindle worries despite its deep pockets....
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CarMax fiscal Q1 earnings rise 16%

3:20 pm U.S. ET | June 20, 2014
CarMax's net earnings rose 16 percent to $169.7 million in its first fiscal quarter, from the year-earlier period, on higher retail and wholesale unit sales and income from its captive finance unit....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Marchionne insists Fiat Chrysler needs 9 brands; market watchers disagree

June 11, 2014 06:01 CET
Fiat Chrysler CEO Sergio Marchionne wants his recently merged nine-brand automaker to more than double vehicle sales and operating profit, but analysts doubt there will be enough cash to fund volume growth....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, JLR, Daimler turn plant efficiency into profit

June 10, 2014 06:01 CET
BMW, Jaguar Land Rover and Daimler ranked one, two and three in European plant capacity usage last year, according to data from research firm Inovev. All three automakers turned that efficiency into profitability....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

PSA's Bonnefont shares strategy for making DS a worldwide winner

June 9, 2014 06:01 CET
Yves Bonnefont became the first CEO of PSA's upscale DS brand on June 1. The group's former director of strategy is now tasked with elevating DS from a tiny-but-successful division of Citroen to a global powerhouse....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW sales boss bullish on 'born electric' range

June 6, 2014 06:01 CET
BMW aims to leverage improved margins with the i subbrand at a time when it believes the global premium sector price war is easing everywhere except in Europe. BMW brand sales boss Ian Robertson spoke about the strategy....
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Ford expects 'significant' Q2 loss in South America

3:24 pm U.S. ET | June 5, 2014
Ford expects to incur a "significant" loss in South America in the current quarter mainly due to low sales volumes and changes to Venezuela's foreign exchange rate....
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GM says '14 profit may be ahead of plan, sees Europe in the black by mid-decade

4:02 pm U.S. ET | June 5, 2014
GM said today its 2014 profit could be stronger than it expected and painted a more rosy picture in Europe, on the same day it said "incompetence and neglect" at the company failed to catch a defective ignition switch linked to at least 13 deaths....
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Opel plans return to profit through closer ties with parent GM

June 4, 2014 12:38 CET
Opel aims to return to profit and increase its market share in Europe by focusing on smaller cars using more components from parent company General Motors, CEO Karl-Thomas Neumann says....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Zetsche's risky bet on an expanded compact lineup pays off for Mercedes

June 3, 2014 06:01 CET
Daimler CEO Dieter Zetsche's decision to expand Mercedes's compact lineup into a five-model range is capturing new customers for the brand -- and at minimal risk of diluting its premium positioning....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ghosn counts on Renault rebound to catch Toyota, GM, VW

June 2, 2014 06:01 CET
Renault-Nissan CEO Carlos Ghosn has high ambitions for the French-Japanese carmaking alliance. His aim is to "install Renault-Nissan as one of the top three global automakers."...
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JLR's record profit gives boost to parent Tata

May 30, 2014 10:19 CET
Jaguar Land Rover's strong fourth-quarter performance helped the automaker achieve a record full-year profit, providing a bright spot for owner Tata Motors....
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Daimler's German dealers face shake-up in profit push

May 22, 2014 10:54 CET
Daimler is considering scaling back its vehicle retail organization in Germany and ending production of EV battery cells in an accelerated push to reach its profitability goal. The Mercedes maker has revealed plans to sell 36 sales outlets....
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JIM HENRY

Dealer reserve to come under fire in D.C.

12:01 am U.S. ET | May 21, 2014
The Center for Responsible Lending and other advocacy groups are hosting a briefing on Capitol Hill to address what the groups call “auto lending abuses,” the chief one being dealer reserve, also known as dealer markup....
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Schaeffler Group raises 2014 sales forecast after strong Q1 earnings

May 21, 2014 11:15 CET
Schaeffler has upped its sales forecast for the year after reporting strong growth at its automotive division and an overall rise of 17 percent in first-quarter earnings before interest and tax....
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BMW sees 2014 as year of growth opportunities for auto industry

May 15, 2014 11:42 CET
BMW Group expects global demand for cars to rise this year, underpinning its goal to sell a record number of vehicles in 2014....
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Brembo Q1 net profit up 74% on higher sales, good product mix

May 15, 2014 10:28 CET
Italian brake maker Brembo reported a 74 percent rise in first-quarter net profit, boosted by higher sales and a good product mix. Brembo has said it expects sales to increase by up to 10 percent this year....
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JIM HENRY

Chrysler Capital takes toll on Ally

12:01 am U.S. ET | May 14, 2014
Santander Consumer USA and Ally Financial passed each other coming and going in the first quarter in terms of business with Chrysler Group, but don’t expect them to exchange a friendly wave....
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Pininfarina more than halves Q1 net losses

May 14, 2014 11:29 CET
Pininfarina says its net loss narrowed by 1.9 million euros in the first quarter thanks to better financial management....
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Chrysler posts $690 million Q1 net loss on merger costs

9:05 am U.S. ET | May 12, 2014
Chrysler Group reported a net loss of $690 million as it paid transaction costs associated with its completed merger with Fiat. The net loss was the first for Chrysler since the second quarter of 2011....
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Nissan earnings boosted by North America gains

5:34 am U.S. ET | May 12, 2014
Net income at Nissan rose 5 percent in the January-March quarter, as higher sales and surging North American operating profit fueled earnings....
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Nissan earnings helped by Europe rebound

May 12, 2014 11:30 CET
Net income at Nissan rose 5 percent in the January-March quarter, as a rebound in Europe and surging North American operating profit fueled earnings....
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Toyota penalty eats into earnings

12:01 am U.S. ET | May 12, 2014
Toyota Motor Corp.'s $1.2 billion penalty for misleading American customers about unintended-acceleration defects took a bite out of the company's otherwise robust January-March earnings. North America was one of the few regions where Toyota saw a decrease in operating profit....
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HANS GREIMEL

Akio's world: When growth is no growth

3:14 pm U.S. ET | May 9, 2014
Akio Toyoda is the first to admit it. He doesn't count company growth the same way as other captains of industry -- or Wall Street profit hounds, for that matter....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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