Earnings

AutoNation says Q1 net income rose 15% to $95.1 million

7:11 am U.S. ET | April 17, 2014
Despite 10 weeks of problematic winter weather to start the year, a late March rebound in dealership traffic helped drive AutoNation's net income 15 percent higher in the first quarter of 2014 from the year-earlier period, the company said today.... Read More »

 

Opel may break even before 2016, report says

April 14, 2014 15:34 CET
Opel may break even before its 2016 deadline, a report said, citing an interview with CEO Karl-Thomas Neumann.... Read More »

 

Chrysler to take $130 million charge in first quarter due to Venezuela

4:25 pm U.S. ET | April 11, 2014
A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile's Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said today in a filing with federal regulators.... Read More »

 

Daimler to increase cost cuts to narrow profit gap with BMW, Audi

April 9, 2014 15:39 CET
Daimler will continue to cut costs at Mercedes-Benz to help its premium brand narrow the profitability gap with rivals BMW and Audi.... Read More »

 

Daimler predicts profit growth on expanded lineup

April 9, 2014 11:48 CET
Daimler CEO Dieter Zetsche said his expansion of Mercedes model offerings will enable the carmaker to beat competitors' sales growth and increase operating profit.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Renault aims to be Europe's 2nd-largest brand by 2017

April 9, 2014 06:15 CET
Renault aims to be Europe's No. 2 brand by unit sales after Volkswagen, the automaker's Europe boss, Stefan Mueller, told Automotive News Europe.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How PSA lured Tavares

April 7, 2014 06:01 CET
Carlos Tavares' disclosure that he didn't want to remain No. 2 at Renault got him fired, but it also got him what he wanted: the chance to be CEO of a major global automaker.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How high-revving PSA CEO Carlos Tavares plans to turn around Europe's second-largest automaker

April 7, 2014 06:15 CET
New PSA CEO Carlos Tavares faces a number of big challenges in his new job including halting losses, reducing bloated lineups, boosting PSA's presence in China and adjusting the company's European production footprint.... Read More »

 

Tesla cars to get fewer green credits as California tweaks rules

8:22 am U.S. ET | April 5, 2014
Tesla Motors, which had its first profitable quarter last year aided by sales of California environmental credits, is to receive fewer for each Model S sold as the state modifies its zero-emission vehicle program.... Read More »

 

CarMax says quarterly gross profit rises 4%

9:27 am U.S. ET | April 4, 2014
Used car retailer CarMax reported a 4 percent gain in gross profits during the final quarter of its fiscal year, but an accounting correction and tepid sales to subprime customers caused net income to drop slightly from a year ago.... Read More »

 

Ford plans $350 million charge on drop in Venezuelan currency

6:19 pm U.S. ET | April 1, 2014
Ford, which warned in December about volatility in its Venezuelan operations, will take a charge of about $350 million in the first quarter for a change in how it values the South American nation's currency.... Read More »

 

PSA partner Dongfeng posts strong 2013 profit

March 31, 2014 12:17 CET
Dongfeng Motor, which is taking a 14 percent stake in PSA, reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners.... Read More »

 

Ballard CEO says fuel cell resurgence no repeat of past bubble

March 31, 2014 11:44 CET
Ballard Power Systems Inc. is poised to report the first profit in its 21-year history as a public company, evidence the fuel cell maker isn't heading for a repeat of the 2000 technology bust.... Read More »

 

AvtoVAZ's 2013 loss shows scale of turnaround task for Russia's No. 1 automaker

March 28, 2014 10:54 CET
Russia's No. 1 carmaker, AvtoVAZ, slumped to a loss last year, hit by falling sales of its Lada cars, underlining the task facing new CEO Bo Andersson as he battles to revive the business amid economic uncertainty caused by the Crimea crisis.... Read More »

 

Volvo plans to boost development spending in expansion push

March 21, 2014 16:33 CET
Volvo plans to boost research and development spending this year as the carmaker prepares to roll out the new XC90 SUV in a reset of the brand.... Read More »

 

Volvo sees growth for all main car markets in 2014

March 21, 2014 11:17 CET
With cost cutting boosting profits last year, Volvo says it is looking forward to all its main markets growing in 2014, especially in China.... Read More »

 

Schaeffler to expand cooperation with Continental

March 21, 2014 12:16 CET
Schaeffler says it will streamline its operations and widen cooperation with fellow German supplier Continental.... Read More »

 

Schaeffler takes 380 million euro provision on EU antitrust fine

March 20, 2014 12:34 CET
German supplier Schaeffler took a 380 million euro ($526 million) provision after being fined in a European Union antitrust probe.... Read More »

 

BMW targets significant profit gain lifted by new models

March 19, 2014 12:43 CET
BMW Group forecasts ''significant'' gains in 2014 profit as new models like the 4-series Gran Coupe and i8 plug-in hybrid sports car propel record deliveries.... Read More »

 

Marchionne forecasts higher Fiat Chrysler Q1 profit

March 14, 2014 06:01 CET
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid ''strong'' industrywide demand this month for Chrysler in the United States. Marchionne also forecast that Fiat-Chrysler's deliveries may reach 5 million in 2016.... Read More »

 

Porsche predicts stable 2014 earnings

March 14, 2014 13:04 CET
Porsche predicts stable earnings in 2014 as the sports car maker invests in U.S. and Chinese operations with a focus on adding distribution outlets in emerging markets.... Read More »

 

VW Group targets 10 million sales this year

March 13, 2014 11:50 CET
VW Group may sell more than 10 million vehicles in 2014, four years earlier than planned, as the automaker expands its lineup in a bid to overtake Toyota as No. 1.... Read More »

 

Marchionne says Fiat Chrysler's Q1 profit to climb on U.S. results

March 13, 2014 19:35 CET
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month for Chrysler in the United States. Business in the United States is going well, while the Brazilian market is “choppy,” Marchionne told reporters today in Geneva.... Read More »

 

Marchionne says Fiat Chrysler's Q1 profit to climb on U.S. results

1:35 pm U.S. ET | March 13, 2014
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month for Chrysler in the United States. Business in the United States is going well, while the Brazilian market is “choppy,” Marchionne told reporters today in Geneva.... Read More »

 

PAUL MCVEIGH

Porsche is Volkswagen's profit champion

12:01 am U.S. ET | March 13, 2014
The true worth of the Porsche sports car brand to Volkswagen Group became apparent when VW released its 2013 financial results.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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