Earnings
Top fund investors pumped brakes on fast-rising Tesla stock
Aug. 18Top Tesla investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock.
Geely earnings double on cars co-developed with Volvo
Aug. 16Geely Automobile Holdings said that first-half profit more than doubled, scoring its fastest earnings growth in eight years as cars designed with Volvo won over domestic consumers.
Three-wheeler producer Elio Motors seeks to raise $100M
Aug. 15Three-wheel vehicle producer Elio Motors is seeking to raise $100 million -- and fast -- as the company seeks to shore up its deteriorating finances.
Magna Q2 profits hit record on 3% revenue gain
Aug. 11Magna International's second-quarter net income edged up 0.5 percent to a record $561 million. Revenue during the quarter rose 3 percent, driven in part by higher sales in Asia.
Carvana posts $39 million Q2 loss as business expands
Aug. 14Carvana reported a $39 million net loss in the second quarter, more than double the loss recorded in the same period a year ago, as revenue escalated 142 percent for the online retailer.
AutoCanada posts Q2 profit gains, plans expansion
Aug. 11AutoCanada, one of Canada's largest dealership groups, says its expansion goals for the next five years include a better balance of brands and a stronger coast-to-coast presence.
IAA, ADESA power KAR's Q2 results
Aug. 9KAR Auction Services' second-quarter net profile fell 7.4 percent on a debt-restructuring charge, even as revenue grew.
Martinrea's adjusted Q2 profits rise 26% on efficiency gains
Aug. 8Canadian metal parts supplier Martinrea posted a boost in net income and profit margins during the second quarter after taking one-time charges for closing a plant in Detroit a year ago.
Penske bullish on used-car ventures
Aug. 7When Penske Automotive agreed to buy CarSense in the U.S. and CarShop in the U.K., Chairman Roger Penske said he was "cautiously optimistic" about the used-car ventures. He has since dropped the "cautiously."
Adient to close Recaro plant in suburban Detroit
Aug. 8Adient is closing a seat assembly plant in suburban Detroit in a move that will affect 129 employees.
Toyota's operating profit drops 11% on incentives, currency losses
Aug. 4Operating profit dropped 11 per cent at Toyota in the latest quarter with rising incentives and foreign exchange losses broadsiding earnings as Japan's biggest automaker struggled to shift its car-heavy mix to hot-selling light trucks in the important U.S. market.
Linamar posts slight gain in Q2 earnings, big win on future contract
Aug. 3Earnings and sales rose at Canada's Linamar during the second quarter, and the supplier disclosed a "major” win on a future contract.
