Earnings
BorgWarner to restate certain financial statements for asbestos charges
June 15Auto supplier BorgWarner said it would restate its financial statements for fiscal years 2015 and 2016 to re-evaluate accounting of its asbestos-related charges.
GM finally finds friends on Wall Street
June 10A series of major tech deals covering electrified and autonomous vehicles in the last year have GM finally gaining traction on Wall Street, in terms of price and perception.
Growing challenges dent dealers' optimism
June 11Rising interest rates and stretched vehicle inventory could keep vehicle sales from growing in the coming months, a Cox Automotive survey finds.
Elon Musk, in latest Tweet storm, channels Caesar, Soviet era media
May 24Elon Musk, barely a month after his behavior on an earnings call shook investor confidence, hit out on Twitter with a series of combative posts this week, leaving many scratching their heads at best and prompting scrutiny from labor regulators at worst.
For Nissan in U.S. it's no pain, no gain
May 21Following its 28 percent U.S. sales plunge in April, Nissan promises that the short-term pain will be worth the long-term gain. Starting this summer, CEO Hiroto Saikawa says, Nissan and its dealers will begin reaping the rewards of newfound discipline.
Tesla may require $10 billion in funding by 2020, Goldman says
May 17Elon Musk may need to tap capital markets for more than $10 billion by 2020 to fund Tesla's operations, new products and an expected expansion into China, according to Goldman Sachs Group.
Nissan profits fall on foreign exchange losses, onetime costs
May 14Nissan reported a 12 percent slide in operating profit in the most recent quarter as foreign exchange rate losses, deteriorating sales mix and onetime costs.
READY FOR BATTLE
May 13Akio Toyoda has a new cost-cutting mantra while preparing for a new round of belt-tightening – even as Toyota books record profit.
Profit drop in once reliable N.A. drags down Subaru
May 14North America, long the earnings engine for Subaru, suddenly turned into a drag on global profits amid spiraling incentives due to increased crossover competition.
Mitsu gets back to a profit on N.A. boost
May 14Rebounding profits in North America helped troubled Mitsubishi Motors Corp. jump back into the black in the just-finished fiscal year, as the recovering Japanese automaker rode a tail wind of surging sales, big cost cuts and favorable exchange rates.
Softening North America hits profits at Subaru
May 11Subaru profits declined in the latest quarter amid steeper competition in the United States and falling sales at home where the company was engulfed in a faulty vehicle inspection scandal.
Used-car retailer Carvana Q1 net loss expands
May 10Online used-car retailer Carvana's first-quarter net loss widened to nearly $53 million, while revenue and vehicle sales both more than doubled to records.
