Earnings

Daimler extends CFO Uebber's contract through 2019

Feb. 19, 2014 10:39 CET
Daimler has extended CFO Bodo Uebber's contract by five years as it seeks to become the world's top luxury-car producer in sales and profitability.... Read More »

 

Tesla Q4 net loss narrows to $16 million

4:17 pm U.S. ET | Feb. 19, 2014
Tesla Motors' fourth-quarter net loss narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher deliveries, strong transaction prices, and manufacturing efficiencies. Tesla said it sold 6,892 cars in the fourth quarter and 22,477 for all of 2013.... Read More »

 

Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles.... Read More »

 

Sonic posts 8% drop in Q4 profit, but expects new pricing strategy to prevail

8:52 am U.S. ET | Feb. 19, 2014
Sonic Automotive today posted an 8 percent slide in fourth-quarter net income, but the retailer says it continued to gain traction on a new pricing strategy that some of its stores have struggled with.... Read More »

 

Ferrari posts record 2013 revenue despite lower deliveries

Feb. 19, 2014 11:21 CET
Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion), even as deliveries of its supercars fell 5 percent to 6,922 units.... Read More »

 

Group 1 warns weather will dent 1st-quarter sales, profits

5:33 pm U.S. ET | Feb. 18, 2014
Group 1, citing severe winter weather that has forced stores to close and showroom traffic to decline, warned Tuesday that its first-quarter earnings will come in lower than expected.... Read More »

 

Tesla stock hits new high on Apple rumors

3:40 pm U.S. ET | Feb. 18, 2014
Tesla Motors shares traded at a record high today amid speculation about the nature of a 2013 meeting between the electric-car maker's CEO, Elon Musk, and Apple's head of mergers and acquisitions, four analysts said.... Read More »

 

N.A. spiffs hurt Nissan profits

12:01 am U.S. ET | Feb. 17, 2014
Hefty incentives and plunging profits in North America offset foreign exchange gains at Nissan Motor Corp. to temper net income growth in the October-December quarter. As Japan's other carmakers rode the weak yen to bumper profits, overall net income at Nissan rose a comparatively meager 57 percent to ¥84.30 billion, or about $801.2 million, in the company's fiscal third quarter.... Read More »

 

TRW's Q4 net income slips 13% on lower tax gain

2:43 pm U.S. ET | Feb. 14, 2014
Automotive safety components supplier TRW Automotive today said its fourth-quarter net income fell 13 percent to $363 million from the year-earlier period because the company received a smaller tax benefit than last year.... Read More »

 

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 »

 


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