Earnings

Renault CEO Ghosn postpones profit goal again

Feb. 13, 2014 16:05 CET
Renault CEO Carlos Ghosn's latest revenue and profit targets for the automaker have sparked mixed reaction from analysts, some saying the company was playing it safe while others were more skeptical.... Read More »

 

Penske reports record net income for Q4 and year

11:47 am U.S. ET | Feb. 13, 2014
Penske Automotive Group reported its highest fourth-quarter and full-year net income in company history, driven by higher retail sales and cost controls. For the fourth quarter, Penske's net income rose 21 percent to $59.7 million, as revenue increased 15 percent to $3.86 billion.... Read More »

 

BorgWarner Q4 net income rises 17% to $141M

11:33 am U.S. ET | Feb. 13, 2014
BorgWarner, which makes automotive turbochargers and emissions systems, posted a 17 percent gain in fourth-quarter profits on strong demand for all-wheel drive systems, dual clutch transmission modules and other parts in its drivetrain business.... Read More »

 

Renault 2013 profit advances 59% on gains for Dacia brand

Feb. 13, 2014 08:04 CET
Renault said full-year earnings rose 59 percent as low-cost cars from the company's Dacia division pushed delivery growth and the automaker reduced costs.... Read More »

 

Faurecia second-half profit jumps 34% on Asia growth

Feb. 12, 2014 13:42 CET
French supplier Faurecia says second-half earnings rose 34 percent on robust demand in Asia and the beginning of a recovery in its home region's automotive market.... Read More »

 

Jaguar Land Rover sales fuel tripling of Tata Motors profit

Feb. 10, 2014 13:07 CET
Jaguar Land Rover reported third-quarter profits that more than doubled to 619 million pounds ($1 billion), helping to buoy parent Tata Motors, which is struggling to revive its Indian auto business.... Read More »

 

Nissan becomes least profitable Japan carmaker amid yen boon

Feb. 10, 2014 09:01 CET
Nissan became Japan's least profitable carmaker despite reporting today that quarterly net income rose 57 percent to $825 million. Nissan led all Japanese carmakers in profits almost two years ago, when it was faster than its peers in recovering from the natural disasters of 2011.... Read More »

 

LETTER TO THE EDITOR

Want to talk sales? Give GM a call

12:01 am U.S. ET | Feb. 10, 2014
In his Feb. 3 blog, Automotive News Staff Reporter Nick Bunkley criticized General Motors' decision to cancel its monthly U.S. sales conference call and said the company had virtually nothing to say to reporters and Wall Street analysts about its January sales. Well, we actually had a lot to say.... Read More »

 

Toyota profits surge in 3rd quarter

12:01 am U.S. ET | Feb. 10, 2014
A resurgent Toyota Motor Corp. is back, arguably stronger than ever. The world's biggest carmaker delivered a fivefold increase in net income in the October-December quarter and lifted its profit forecast for the current fiscal year ending March 31 to record levels.... Read More »

 

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?... Read More »

 

American Axle cites Q4 gains in non-GM business

9:54 am U.S. ET | Feb. 7, 2014
American Axle & Manufacturing Holdings, citing a 37 percent gain in its non-General Motors business, posted net income of $30 million during the fourth quarter.... Read More »

 

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.... Read More »

 

ANALYSTS REACT: 'Worse on the outside than on the inside'

3:45 pm U.S. ET | Feb. 6, 2014
Here is a roundup of expert analyses of General Motors' fourth-quarter financial report:... Read More »

 

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.... Read More »

 

Ally says Q4 net income falls, GM relationship extended

12:35 pm U.S. ET | Feb. 6, 2014
Ally Financial said today it has posted fourth-quarter net income of $104 million and lower pretax income for its auto finance business. The lender also said its preferred-lender relationship with General Motors, set to expire Dec. 31, was extended while the companies negotiate a new pact.... Read More »

 

Daimler profit gains 45% on higher CLA, S-class demand

Feb. 6, 2014 06:01 CET
Daimler posted a 45 percent surge in fourth-quarter profit as customers scooped up the new Mercedes CLA and revamped S-class sedan.... Read More »

 

Daimler expected to post Q4 earnings surge on new product tailwind

Feb. 5, 2014 17:22 CET
Daimler is expected to post a surge in fourth-quarter profit on Thursday as its rejuvenated Mercedes-Benz model range helps CEO Dieter Zetsche to turn around a legacy of profit warnings.... Read More »

 

Group 1's Q4 net income, revenue rise despite challenges

9:09 am U.S. ET | Feb. 5, 2014
Group 1 Automotive said today its fourth quarter and 2013 net income and revenue grew despite challenges to new- and used-vehicle profits in the United States. The auto retailer saw profit gains from its parts and service business and finance and insurance sales.... Read More »

 

Mazda targets record profits after big Q3 gain in net income

Feb. 5, 2014 10:18 CET
Mazda's net income more than doubled in the October-December quarter, as higher sales and a weaker yen put the company on the path to record profits.... Read More »

 

Mitsubishi boosts profit on weaker yen

Feb. 5, 2014 08:41 CET
Mitsubishi swung to a net profit in the October-December quarter and reported a fourfold increase in operating profit, as a weaker yen bolstered results.... Read More »

 

Asbury Auto profit rises 18% in Q4

7:04 am U.S. ET | Feb. 4, 2014
Rising volume, higher revenues and double-digit gross profit gains in all areas of the business lifted Asbury Automotive Group's net income 18 percent during the fourth quarter to $26.9 million.... Read More »

 

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.... Read More »

 

Subaru parent says quarterly net income surges to $776 million

6:42 am U.S. ET | Feb. 4, 2014
Net income at Fuji Heavy Industries, the parent of Subaru, climbed sixfold to $776.5 million in the company’s fiscal third quarter, with results bolstered by booming vehicle sales in North America, a weaker yen and a one-time gain of $497 million from the sale of a snowmobile manufacturer.... Read More »

 

Toyota quarterly profit rises fivefold on weaker yen

Feb. 4, 2014 08:58 CET
Toyota reported a fivefold increase in net income for the October-December quarter as huge foreign exchange windfalls powered profits higher.... Read More »

 

Toyota's $40 billion cash pile draws calls for new plants, higher dividends

2:20 pm U.S. ET | Feb. 3, 2014
Toyota President Akio Toyoda, whose company has accumulated a cash pile of almost $40 billion, is facing calls to put that money to better use. The world's largest carmaker is seeing profits surge as the yen weakens and demand rises in the United States and China. The company will probably report on Tuesday net income quadrupled to 434.3 billion yen ($4.3 billion) last quarter, according to a Bloomberg survey of analysts.... Read More »

 


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