EarningsDaimler's Zetsche sees improved Q2 earnings on cost reductions at MercedesJune 12, 2013 14:04 CET  Daimler CEO Dieter Zetsche says earnings have improved in the second quarter on demand for new models and faster-than-anticipated cost reductions at the Mercedes-Benz car unit. The automaker aims to reduce spending by 2 billion euros ($2.66 billion) by the end of next year, with 60 percent of the savings to be achieved in 2013.... Read More »
Energy, real estate rebound driving pickup sales, Detroit 3 share gains 12:34 am U.S. ET | June 4, 2013  Record energy production coupled with a sustained housing recovery are pushing pickup sales to the highest level in as much as eight years and driving Detroit's comeback. Detroit's 3 automakers have gained 1.2 points of market share this year, the first time all three have gained share during the January- though-May period in at least 18 years, as sales continue on a pace for the best year since 2007.... Read More »
GM still has much to prove to investors 12:01 am U.S. ET | June 3, 2013  Asked last month whether General Motors cleared a psychological hurdle recently when its stock rose above the $33 price of its initial public offering, GM North America President Mark Reuss laughed and said, "Yes." Then he quickly changed the subject.... Read More »
Jaguar Land Rover global sales rise 19%May 29, 2013 14:19 CET  Global vehicle sales at Jaguar Land Rover rose 19 percent in the three months ended March 31, helping to offset losses at Indian parent Tata Motors.... Read More »
Schaeffler confirms 2013 outlook, net debtMay 21, 2013 11:14 CET German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a drop in first-quarter revenue of 3.6 percent to 2.8 billion euros ($3.6 billion).... Read More »
ANALYSIS New S class key to boosting Mercedes profit margins, China salesMay 17, 2013 06:01 CET  Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
ANALYSIS New S class key to boosting Mercedes profit margins, China sales 9:00 am U.S. ET | May 16, 2013  Daimler AG CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
BMW seeks third straight sales record as new models offset weak EuropeMay 14, 2013 10:49 CET  BMW stuck to its goal of setting a sales record for the third consecutive year as new models help offset a slump in Europe.... Read More »
BMW invests 3 billion euros in EVs, report saysMay 13, 2013 12:00 CET  BMW will invest 3 billion euros through the end of this year on the development of its lineup of electric vehicles, funding the "i" subbrand with earnings from its booming business in China, a German business newspaper reported.... Read More »
Magna hikes full-year forecast on strong Q1 profitMay 13, 2013 06:01 CET  Magna International has hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »
Falling yen lifts outlook for Japanese 12:01 am U.S. ET | May 13, 2013 For five years, a rising yen undermined Japanese automakers' profits. Now the currency's sudden weakening has delivered dramatic gains, especially in the January-March quarter.... Read More »
Toyota: N.A. to fuel biggest profits in 6 years 12:01 am U.S. ET | May 13, 2013 Toyota Motor Corp. expects North America to be its fastest-growing market this fiscal year, driving the company to its highest profits since the global financial crisis.... Read More »
Ghosn sees more tough times in Europe; record global sales for NissanMay 10, 2013 13:35 CET  Renault-Nissan CEO Carlos Ghosn said that while he expects Nissan's global retail sales to reach a record this year, he doesn't see any growth in Europe before 2016.... Read More »
Magna stock hits record high as Q1 profits improve, forecast rises 9:56 am U.S. ET | May 10, 2013  Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »
Nissan Q4 profit jumps 46%May 10, 2013 10:54 CET  Nissan today reported a 46.1 percent rise in its quarterly net profit to 110 billion yen ($1.11 billion).... Read More »
Visteon reports $69 million profit for first quarterMay 10, 2013 06:01 CET  Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.... Read More »
In boon for Japan's automakers, yen tumbles over milestone 10:21 pm U.S. ET | May 9, 2013  Toyota's half-decade of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S. trading on Thursday, paving the way for Japanese automakers to emerge from an unprecedented stretch where the currency's appreciation roiled their ability to sell cars overseas at a profit.... Read More »
Tesla Model S wins high praise from Consumer Reports 6:00 am U.S. ET | May 9, 2013  The all-electric Tesla Model S sports car received the highest score in Consumer Reports' ratings -- a 99 out of 100 -- along with widespread plaudits from the magazine's automotive testing staff.... Read More »
Visteon reports $69 million profit for first quarter 9:00 am U.S. ET | May 9, 2013  Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.... Read More »
Ferrari will reduce supercar sales to maintain brand exclusivityMay 8, 2013 15:49 CET  Ferrari plans to reduce sales to fewer than 7,000 vehicles this year to maintain the exclusivity of the brand. Ferrari plans to boost profitability with high-end, customized version of its vehicles while holding back on their availability.... Read More »
Tesla shares surge 24% after 1st quarterly profit 5:21 pm U.S. ET | May 8, 2013  Tesla shares surged 24 percent today after the company posted its first quarterly profit in its 10-year history, driven by sales of the battery-powered Model S sedan.... Read More »
Toyota quarterly profit rises to $3.17 billion 2:39 am U.S. ET | May 8, 2013  Toyota more than doubled its fourth-quarter net profit as the yen's depreciation helped the automaker export more profitably and U.S. sales of the Avalon sedan and Tacoma pickup were strong. The company posted net profit of 313.9 billion yen ($3.17 billion), compared with 121 billion yen last year.... Read More »
Toyota quarterly profit rises to $3.17 billionMay 8, 2013 08:39 CET  Toyota more than doubled its fourth-quarter net profit as the yen's depreciation helped the automaker export more profitably and U.S. sales of the Avalon sedan and Tacoma pickup were strong. The company posted net profit of 313.9 billion yen ($3.17 billion), compared with 121 billion yen last year.... Read More »
Toyota to post around $13 billion annual operating profit, report says 9:45 am U.S. ET | May 6, 2013  Toyota is expected to post operating profit of more than $13 billion for the year ended March, significantly more than what has been forecasted, the Nikkei business daily reported today.... Read More »
Public retail groups: 'We're fighting tooth and nail' for margins 12:01 am U.S. ET | May 6, 2013 Profit margins on new vehicles are slipping for the nation's largest dealership groups as manufacturers and retailers slug it out for market share. New-car margins dropped for all the public dealership groups during the first quarter of 2013.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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