Earnings

American Axle Q3 profits rise as non-GM business grows

1:19 pm U.S. ET | Oct. 31, 2014
Powertrain components supplier American Axle & Manufacturing Holdings, which has been ramping up its non-General Motors business in recent years, today reported strong gains in third-quarter net income and revenues....
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Denso's first-half operating profit falls 16% on r&d costs

8:56 am U.S. ET | Oct. 31, 2014
Japan's Denso, the world's second-largest auto supplier, today said it posted a 16 percent decline in six-month operating profit, as development costs and investment outweighed a rise in revenue....
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VW earnings outlook too cautious, analysts say

Oct. 31, 2014 10:54 CET
VW Group expects to post a 6 percent gain in underlying earnings this year, setting a new record, yet analysts believe the automaker is being overly cautious and can do even better....
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Audi recall no threat to Continental's financial guidance, CEO says

7:33 am U.S. ET | Oct. 31, 2014
Supplier Continental AG said a fault with airbags installed at Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance....
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Mazda, Fuji Heavy post big quarterly profit gains on weak yen

6:49 am U.S. ET | Oct. 31, 2014
Mazda Motor and Subaru's parent company Fuji Heavy Industries today posted rosy second-quarter profit growth as a weak yen made their exports more lucrative....
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Lithia will continue rapid acquisition pace after DCH

9:08 am U.S. ET | Oct. 30, 2014
Lithia Motors will continue its rapid pace of acquisitions over the next year despite just closing a huge deal to buy DCH Auto Group, executives said today. Their remarks came as Lithia reported its third-quarter net income increased 11 percent to $34.5 million....
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BorgWarner posts flat net income for Q3 after one-time charges

2:15 pm U.S. ET | Oct. 30, 2014
BorgWarner reported today a 13 percent increase in revenue and flat net income for the third quarter after one-time charges....
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Tower International reports higher Q3 profits on improved sales in Americas

10:19 am U.S. ET | Oct. 30, 2014
Tower International today reported improved earnings in the third quarter due to improved sales in the Americas....
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Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014
Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill....
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VW's Q3 profit jumps on record Audi, Porsche sales

Oct. 30, 2014 10:37 CET
VW Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China. Earnings rose 16 percent to 3.23 billion euros ($4.07 billion), VW said....
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Fiat Chrysler Q3 profit rises on Jeep demand

9:16 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States....
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Fiat Chrysler profit increases 7% in Q3

Oct. 29, 2014 15:09 CET
Fiat Chrysler reported a slightly lower-than-expected 7 percent rise in third-quarter operating profit on weak margins in North America and a slowdown in Latin America, but stuck to its full-year guidance of a 14 percent rise in profit....
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Penske Automotive eyes more growth overseas, retail truck stores

10:04 am U.S. ET | Oct. 29, 2014
Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. Penske said today it agreed to raise its stake in The Around The Clock Freightliner Group, a “heavy-duty retail truck dealership group” in Texas, Oklahoma and New Mexico. Penske said such businesses are attractive because they provide strong revenue with lower costs....
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Honda says quarterly North American operating profit drops 14%

10:01 am U.S. ET | Oct. 28, 2014
Falling sales and hefty incentives undercut North American profit at Honda in the latest quarter, as the automaker trimmed its full-year sales and profit outlooks....
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AutoNation plans December launch of digital storefront

9:41 am U.S. ET | Oct. 28, 2014
AutoNation said it will launch its digital storefront in December in the south Florida market with a new pricing moniker it calls Smart Choice....
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TRW's revenue slips 1%, net income falls 4% in Q3

11:02 am U.S. ET | Oct. 28, 2014
Automotive safety technology supplier TRW Automotive Holdings, preparing for its $13.5 billion acquisition by ZF Friedrichshafen, today said its third-quarter revenue dropped 1 percent to $4.16 billion from a year earlier, while net income fell 4 percent....
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Tenneco's adjusted Q3 net income rises 26% on record revenue

12:27 pm U.S. ET | Oct. 27, 2014
Tenneco, a supplier of ride control components and emission control systems, said today its adjusted third-quarter net income rose 26 percent from a year earlier to $78 million....
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Porsche's pain helps create in-demand consultancy

Oct. 25, 2014 06:01 CET
Porsche's experience of recovering from the brink of insolvency two decades ago to become a profit engine for VW Group has helped it with the development of a consultancy business that has a growing list of high-profile clients....
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Opel on track to achieve turnaround, GM says

Oct. 24, 2014 12:14 CET
Opel/Vauxhall is on track to achieve a turnaround despite headwinds from Russia and a wider third-quarter loss, parent GM says. New models such as the Corsa will give the division a boost in the months ahead....
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Ford's Fields takes his lumps in Q3, looks to next year

7:06 am U.S. ET | Oct. 24, 2014
Ford CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally. He gave every sign that he'll have more to show off next year. While earnings and revenue fell, Fields said new vehicles on tap will deliver "strong, profitable growth."...
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Fiat Chrysler's targets seen at risk as N.A. still pressured

2:07 pm U.S. ET | Oct. 24, 2014
Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America....
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Delphi Q3 profit rises on higher demand in Asia, North America

7:39 am U.S. ET | Oct. 24, 2014
Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America....
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Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production....
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Daimler third-quarter profit rises as Mercedes sales expand

Oct. 23, 2014 08:45 CET
Daimler reported a 21 percent increase in third-quarter profit. The Mercedes cars division's profit widened to 8.5 percent of revenue, the highest in more than two years, helped by fresh product....
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Autoliv lowers sales outlook but says Takata woes are helping its business

Oct. 23, 2014 16:55 CET
Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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