Ford profits soar on F-150 sales, Europe reboundThu, 28, Apr 2016
Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs.
Visteon reports drop in Q1 net income but gross margin risesThu, 28, Apr 2016
Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.
Continental raises margin target after Q1 profit gainFri, 29, Apr 2016
Continental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher.
BorgWarner Q1 adjusted earnings rise 5%Thu, 28, Apr 2016
Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.
Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14%Thu, 28, Apr 2016
Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue rose 9.4 percent.
VW CEO eyes solid 2016 growth despite crisisThu, 28, Apr 2016
VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Cost reductions at Europe's largest automaker are "in full swing" at individual brands and across the group, he added.
Group 1 CEO says automakers need to cut productionWed, 27, Apr 2016
The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.
Superior Industries more than triples Q1 net incomeWed, 27, Apr 2016
Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.
Icahn's Federal-Mogul returns to profitability in Q1Wed, 27, Apr 2016
Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.
Lear net income surges 69% in Q1Wed, 27, Apr 2016
Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.
Asbury Q1 net down 14%; will open used-car stores despite slow salesTue, 26, Apr 2016
Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.
Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flatTue, 26, Apr 2016
Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.