Earnings

Navistar reports a surprise Q3 loss amid U.S. investigation

2:52 pm U.S. ET | Sept. 2, 2015

Navistar International, the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit....
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ZF says TRW integration on track, sees stable profits despite China slowdown

Aug. 27, 2015 13:01 CET

ZF Friedrichshafen said the integration of rival TRW is progressing well and it expected full-year sales and profits to remain stable despite a slowing Chinese economy. Unlisted ZF released its first-half results for the first time in its history....
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Daimler still positive on China business despite stock market rout

Aug. 24, 2015 15:36 CET

Mercedes-Benz owner Daimler is counting on China to be a leading driver of car sales growth this year despite the country's stock market turmoil. The automaker expects vehicle ownership levels to rise and will continue to invest more in compact cars in the market where it has been adding dealerships, Hubertus Troska, head of Daimler China, said....
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Schaeffler will cut 500 jobs as first-half earnings drop nearly 2%

Aug. 20, 2015 11:04 CET

Schaeffler plans to cut up to 500 jobs in Europe at its industrial division. Earnings at the unit, which makes ball bearings for cars, airplanes and industrial tools, fell 1.7 percent to 171 million euros ($190 million) in the first six months....
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Volvo first-half profit rises 71% as Europe offsets China, U.S. slowdown

Aug. 19, 2015 08:28 CET

Volvo boosted its earnings goal for the year after operating profit rose 71 percent in the first half as strong demand in Europe offset slower development in China and North America....
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Tesla stock price predicted to nearly double, Morgan Stanley says

1:49 pm U.S. ET | Aug. 17, 2015

Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla....
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Germany's Mann + Hummel will buy U.S. peer Affinia's auto filter unit

Aug. 17, 2015 10:42 CET

German industrial filter maker Mann + Hummel has agreed to buy U.S. peer Affinia to boost its annual sales by $1 billion, or by more than a third, and gain access to the U.S. market for heavy-duty and hydraulic filters....
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EDITORIAL

Industry must stop wasteful spending before it's too late

12:01 am U.S. ET | Aug. 17, 2015

The auto industry must come to grips with its prodigious excess in capital spending. As explored in this week's installment of the Automotive News series "Industry on Trial", automotive companies keep reinventing their own versions of common hardware....
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Tesla raises share offering to $642.5 million

7:10 am U.S. ET | Aug. 14, 2015

Electric automaker Tesla Motors said today it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday....
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GABE NELSON

BLOG: Tesla strikes while the iron's hot

1:11 pm U.S. ET | Aug. 13, 2015

At certain points in their lives, even obsessive billionaires like Elon Musk must come to terms with the fact that some things are beyond their control....
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Toyota still No. 1 where it counts: Profits

12:01 am U.S. ET | Aug. 10, 2015

Toyota Motor Corp. may have lost its title as world's biggest automaker halfway through the year, but it beat its two top rivals by miles in profits in the latest quarter, thanks largely to currency gains....
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NEWS ANALYSIS

Tesla burns cash, loses more than $4,000 on every car sold

7:58 am U.S. ET | Aug. 9, 2015

It's crunch time for Tesla. The automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next....
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Mobileye posts Q2 gains on surging demand for automated driving technology

11:46 am U.S. ET | Aug. 7, 2015

Mobileye NV, one of the emerging providers of vision technology and software for crash-avoidance systems, said its net income surged in the second quarter as the auto industry continues to ramp up plans for autonomous cars....
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AutoCanada Q2 net grows 5.4%, but same-store results decline

12:14 pm U.S. ET | Aug. 7, 2015

AutoCanada said its second-quarter net rose 5.4 percent to $13.5 million Canadian (US$10.9 million), as gains from newly acquired dealerships offset economic headwinds in western Canada's oil patch....
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Jaguar Land Rover profit hit by China slump

Aug. 7, 2015 14:28 CET

Jaguar Land Rover's net income fell 29 percent to 492 million pounds ($764 million) in its latest quarter as the Chinese market's slowdown hit the UK automaker. JLR's vehicle sales were also hit as the company ramps up China production....
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Tata Motors quarterly profits plunge on lower JLR China demand

6:50 am U.S. ET | Aug. 7, 2015

Tata Motors quarterly profits plunged as demand for Jaguar Land Rover vehicles slumped in China amid a market slowdown....
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Magna's Q2 earnings rise despite strong U.S. dollar

6:27 am U.S. ET | Aug. 7, 2015

Canadian auto supplier Magna International reported higher profits in the second quarter as increased vehicle production in North America offset the impact of a strong U.S. dollar....
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Takata swings to Q1 profit on higher U.S. sales

Aug. 6, 2015 10:03 CET

Takata, whose airbag inflators are at the center of a global safety recall, today said it swung to a profit in its first quarter due to higher sales in the U.S., India and Southeast Asia. Net profit was $24.85 million....
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Tesla sets Q2 sales record, but losses grow

5:30 pm U.S. ET | Aug. 5, 2015

With the first deliveries of its Model X less than two months away, Tesla's net loss nearly tripled to $184 million in the second quarter, underscoring how crucial the rollout of the crossover is for the electric-vehicle maker....
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Fiat Chrysler U.S. posts second-quarter $598 million profit, down 3.4%

11:00 am U.S. ET | Aug. 5, 2015

Second-quarter earnings at Fiat Chrysler Automobiles' U.S.-based subsidiary fell despite higher revenues and vehicle shipments....
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ADESA’s Q2 income, revenue rise

2:28 pm U.S. ET | Aug. 4, 2015

KAR Auction Services, parent company of ADESA, today said its second-quarter net income rose 17 percent to $59.5 million on revenue that increased 12 percent to $658.3 million....
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Continental raises margin target as European recovery boosts profit

Aug. 4, 2015 09:35 CET

Continental raised its full-year profit outlook after second-quarter earnings jumped more than expected on a strengthening European car market....
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Toyota profit jumps 10% to quarterly record on cost cuts, currency gains

3:04 am U.S. ET | Aug. 4, 2015

Toyota posted a third straight year of record profit for its first quarter as cost cuts and currency gains made up for weaker vehicle sales. Net profit jumped 10 percent to $5.22 billion....
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BMW's second-quarter earnings fall 3% on China slowdown

Aug. 4, 2015 08:05 CET

BMW's second-quarter operating profit fell 3 percent to 2.53 billion euros ($2.77 billion) as a recovery in European car demand failed to offset a sales slowdown in China....
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FCA profit surges on strong Jeep sales

12:01 am U.S. ET | Aug. 3, 2015

Strong sales in North America and flat Europe operations pushed Fiat Chrysler Automobiles' second-quarter profits up 69 percent to $364 million....
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