Quarterly or Annual Statements

GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg....
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Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls....
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Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations....
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GM employees are 'owning' Valukas report, Barra says

9:27 am U.S. ET | June 10, 2014
General Motors CEO Mary Barra said today that the company's employees are galvanized by the findings of its internal investigation into a deadly defect that exposed "incompetence" and a troubled corporate culture....
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THE GM RECALL

GM ignition-switch protesters expected at annual meeting

4:06 pm U.S. ET | June 9, 2014
A planned protest at General Motors headquarters by family members of crash victims will serve as the backdrop Tuesday to an annual meeting of GM shareholders here that should prove more substantive than the mundane proceedings of past years....
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Chrysler posts $690 million Q1 net loss on merger costs

9:05 am U.S. ET | May 12, 2014
Chrysler Group reported a net loss of $690 million as it paid transaction costs associated with its completed merger with Fiat. The net loss was the first for Chrysler since the second quarter of 2011....
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Toyota penalty eats into earnings

12:01 am U.S. ET | May 12, 2014
Toyota Motor Corp.'s $1.2 billion penalty for misleading American customers about unintended-acceleration defects took a bite out of the company's otherwise robust January-March earnings. North America was one of the few regions where Toyota saw a decrease in operating profit....
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AutoCanada Q1 profit rises 22%

2:28 pm U.S. ET | May 9, 2014
AutoCanada, the largest publicly traded dealer group in Canada, said Thursday its net income rose 22 percent in the first quarter from a year earlier to $8.3 million Canadian ($7.6 million U.S.), driven by improved operating results in used vehicle, parts, service and collision repair departments....
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Tesla posts Q1 net loss of $49.8 million

7:21 am U.S. ET | May 7, 2014
Despite record production of 7,535 Model S electric vehicles, Tesla Motors posted a $49.8 million net loss in the first quarter while revenue rose to $620 million....
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American Axle earnings get boost from Jeep Cherokee, Ram pickup

3:49 pm U.S. ET | May 2, 2014
American Axle & Manufacturing today reported its strongest quarterly earnings in more than a year, crediting strong sales from the new Jeep Cherokee and Ram pickup....
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BorgWarner raises 2014 forecast as Q1 profits rise 12%

10:01 am U.S. ET | May 1, 2014
BorgWarner, which makes a variety of fuel efficient components such as dual-clutch transmissions, raised its 2014 earnings forecast after posting a better-than-expected first-quarter profit....
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Toyota's global sales top VW, GM for 3rd straight quarter

5:11 am U.S. ET | April 23, 2014
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles....
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Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles....
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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....
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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....
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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....
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AutoNation reports 6% March volume increase, best-selling Q1 since 2007

12:02 pm U.S. ET | April 2, 2014
AutoNation said today its new-vehicle retail sales in the United States rose 6 percent in March from a year earlier to 28,796 units....
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JENNIFER CLARK

End of an era at Fiat

12:01 am U.S. ET | April 1, 2014
Fiat held its last annual shareholder's meeting in Turin. The next one will be in the Netherlands, which is like Ford Motor holding its annual assembly in Canada....
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Skoda sees sales growth returning after 2013 profit drop

March 17, 2014 14:23 CET
Skoda expects to return to sales growth this year thanks to a build-up of orders and signs of recovery in many of its markets, the carmaker said after posting a 25.5 percent drop in 2013 profit....
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Magna's Q4 net income jumps 31%

12:51 pm U.S. ET | March 3, 2014
Magna International said its fourth-quarter profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend. Net income attributable to the company rose to $458 million in the fourth quarter, from $351 million a year earlier, the company said in a statement....
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VW's Q4 profit rises 18%, lifted by record sales at Porsche

Feb. 21, 2014 19:44 CET
VW Group reported an 18 percent gain in fourth-quarter profit as record sales at its Audi and Porsche brands offset spending on developing new models and expanding production....
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VW's Q4 profit rises 18%, lifted by record sales at Porsche

1:44 pm U.S. ET | Feb. 21, 2014
Volkswagen AG reported an 18 percent gain in fourth-quarter profit as record sales at its luxury Audi and Porsche brands offset spending on developing new models and expanding production....
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ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said....
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Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles....
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PSA unveils Dongfeng deal with 2013 loss

Feb. 19, 2014 06:01 CET
PSA/Peugeot-Citroen announced a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor as the French carmaker posted a further loss for 2013. PSA warned that it may not halt losses until 2016 -- a year later than initially promised....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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