Earnings

BorgWarner to restate certain financial statements for asbestos charges

8:05 am U.S. ET | June 15, 2018
Auto supplier BorgWarner said it would restate its financial statements for fiscal years 2015 and 2016 to re-evaluate accounting of its asbestos-related charges.

Growing challenges dent dealers' optimism

12:01 am U.S. ET | June 11, 2018
Rising interest rates and stretched vehicle inventory could keep vehicle sales from growing in the coming months, a Cox Automotive survey finds.

GM finally finds friends on Wall Street

12:01 am U.S. ET | June 10, 2018
A series of major tech deals covering electrified and autonomous vehicles in the last year have GM finally gaining traction on Wall Street, in terms of price and perception.

AUTOMOTIVE NEWS EUROPE MONTHLY MAGAZINE

Schaeffler sees positive future for combustion engines with an electric twist

June 5, 2018 06:01 CET
The future of transportation may be electric, but Schaeffler, the German supplier that built its business around bearings, thinks the internal combustion engine still has plenty of life in it.

AUTOMOTIVE NEWS EUROPE MONTHLY MAGAZINE

Skoda's strong growth brings major challenges

May 25, 2018 06:01 CET
Skoda may be one of the most successful brands in VW Group's sprawling empire as it posts record sales and profits, but the automaker must balance ambitious growth plans with the pay demands of Czech workers in its two overstretched factories.

Elon Musk, in latest Tweet storm, channels Caesar, Soviet era media

7:34 am U.S. ET | May 24, 2018
Elon Musk, barely a month after his behavior on an earnings call shook investor confidence, hit out on Twitter with a series of combative posts this week, leaving many scratching their heads at best and prompting scrutiny from labor regulators at worst.

AUTOMOTIVE NEWS EUROPE MONTHLY MAGAZINE

Renault-Nissan gains on merger talks

May 24, 2018 06:01 CET
The prospect of Renault and Nissan consolidating their alliance with a full merger boosted the shareholder value of the French company by 17.4 percent in the first quarter of this year, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.

Jaguar Land Rover will spend $5.3 billion on new models, tech

May 23, 2018 15:34 CET
Jaguar Land Rover will spend about 4.5 billion pounds ($5.3 billion) in the current financial year on new models and technologies as the UK-based automaker looks to spur slow vehicle sales.

Aston Martin gears up for more growth ahead of possible flotation

May 21, 2018 16:19 CET
Aston Martin remained in the black in the first quarter, although pretax profit fell due to a weaker dollar and investment on new models.

For Nissan in U.S. it's no pain, no gain

12:01 am U.S. ET | May 21, 2018
Following its 28 percent U.S. sales plunge in April, Nissan promises that the short-term pain will be worth the long-term gain. Starting this summer, CEO Hiroto Saikawa says, Nissan and its dealers will begin reaping the rewards of newfound discipline.

Tesla may require $10 billion in funding by 2020, Goldman says

9:12 am U.S. ET | May 17, 2018
Elon Musk may need to tap capital markets for more than $10 billion by 2020 to fund Tesla's operations, new products and an expected expansion into China, according to Goldman Sachs Group.

Nissan profits fall on foreign exchange losses, onetime costs

7:08 am U.S. ET | May 14, 2018
Nissan reported a 12 percent slide in operating profit in the most recent quarter as foreign exchange rate losses, deteriorating sales mix and onetime costs.

Profit drop in once reliable N.A. drags down Subaru

12:01 am U.S. ET | May 14, 2018
North America, long the earnings engine for Subaru, suddenly turned into a drag on global profits amid spiraling incentives due to increased crossover competition.

Mitsu gets back to a profit on N.A. boost

12:01 am U.S. ET | May 14, 2018
Rebounding profits in North America helped troubled Mitsubishi Motors Corp. jump back into the black in the just-finished fiscal year, as the recovering Japanese automaker rode a tail wind of surging sales, big cost cuts and favorable exchange rates.

Toyoda warns Toyota faces 'life-or-death' battle

12:01 am U.S. ET | May 13, 2018
Akio Toyoda has a new cost-cutting mantra while preparing for a new round of belt-tightening – even as Toyota books record profit.

Softening North America hits profits at Subaru

May 11, 2018 09:24 CET
Subaru profits declined in the latest quarter amid steeper U.S. competition and falling sales at home where the company was engulfed in a faulty vehicle inspection scandal.

Magna posts record Q1 net income, sales; CEO warns on NAFTA

10:58 am U.S. ET | May 10, 2018
Global auto parts giant Magna International posted record net income of $660 million in the first quarter of 2018, up 14 percent from a year ago.

Used-car retailer Carvana Q1 net loss expands

1:53 pm U.S. ET | May 10, 2018
Online used-car retailer Carvana's first-quarter net loss widened to nearly $53 million, while revenue and vehicle sales both more than doubled to records.

Delphi Technologies reports 4.9% drop in Q1 net income

12:13 pm U.S. ET | May 9, 2018
Powertrain supplier Delphi Technologies reported a dip in its first-quarter net income despite an increase in revenue that was driven by big gains in Asia.

Mitsubishi rebounds to profit on higher sales, cost cutting

6:48 am U.S. ET | May 9, 2018
Rebounding profits in North America helped troubled Mitsubishi jump back into the black in the just-finished fiscal year.

Toyota quarterly profit jumps 43% on cost cutting, lower expenses

May 9, 2018 10:38 CET
Toyota profit surged 43 percent in the latest quarter as cost cutting, lower incentives and falling warranty expenses offset unfavorable foreign exchange rates and helped pilot the automaker to a record full-year net income.

ADESA's parent posts 30% Q1 profit gain

5:45 pm U.S. ET | May 8, 2018
Net income at KAR Auction Services, parent of ADESA auctions, jumped 30 percent in the first quarter largely on a sharp drop in income taxes.

Continental says it is on track to reach 2018 targets after solid Q1

May 8, 2018 10:20 CET
Continental sees itself on track to reach its recently lowered guidance for 2018 thanks to solid demand for automotive assistance, infotainment and connectivity systems which helped lift orders to a record in the first quarter.

AUTOMOTIVE NEWS EUROPE MONTHLY MAGAZINE

PSA boss Tavares sees signs his big bet on Opel will pay off

May 6, 2018 06:01 CET
PSA CEO Carlos Tavares shook up the industry by purchasing GM's money-losing Opel and Vauxhall brands and vowing to have them turn a profit by 2020. So far, Tavares says, things are on the right track.

American Axle Q1 earnings rise 14%

3:49 pm U.S. ET | May 4, 2018
American Axle said its first-quarter net income rose 14 percent, helped by record sales resulting from its acquisition last year of Metaldyne Performance Group.

 
Automotive News Europe supplement 

Turn the pages of the 2018 Automotive News Europe Rising Stars program on your computer

 
70 years later, appreciating the genius of Ferry Porsche

Richard Johnson
12:01 am U.S. ET | June 15 2018

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We all know Ferdinand Porsche. But history has forgotten that it was his boy, Ferry, who created the ...
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Why VW should share its skateboard and change the world

Larry P. Vellequette
3:34 pm U.S. ET | June 13 2018

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Volkswagen Group CEO Herbert Diess has plenty on his plate, but he should consider these three words ...
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Land Rover sets course for Defender to come home

Richard Truett
11:42 am U.S. ET | June 12 2018

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Authenticity is crucially important for the next Defender. Building the iconic off-roader in its spi ...
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Volvo's Polestar commits to guiding light feature

Douglas A. Bolduc
12:01 am U.S. ET | June 9 2018

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Polestar CEO Thomas Ingenlath says that the Volvo-controlled brand will extend a unique design featu ...
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The Elkann style: Sustainability … at Ferrari speed

Andrea Malan
12:01 am U.S. ET | June 8 2018

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Lapo Elkann, scion of the Agnelli family and still part owner of Fiat Chrysler and Ferrari, showed a ...
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Why BMW's new 3 series needs to up its game

Christiaan Hetzner
12:01 am U.S. ET | June 6 2018

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The BMW 3 series is still the benchmark against which all midsize sedans are measured, but the outgo ...
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Why Chinese cars, crossovers should worry Europe's brands

Luca Ciferri
12:01 am U.S. ET | June 2 2018

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Chinese cars are now on par with products from Europe’s brands in terms of design, handling, p ...
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VW Group's new CEO Diess may have too much power

Christiaan Hetzner
12:01 am U.S. ET | May 24 2018

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Former BMW executive Herbert Diess now heads both VW Group and its core VW brand, which may be conce ...
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BMW envisions its iNext as an SUV

Christiaan Hetzner
12:01 am U.S. ET | May 23 2018

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BMW looks likely to follow Audi's e-tron and Mercedes's EQC with its own battery-powered full-size S ...
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Can autonomous vehicles be developed without risking lives?

Dave Guilford
12:01 am U.S. ET | May 14 2018

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It's easy to become enamoured of the accident-free future with autonomous cars, but before that time ...
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China in control as industry enters new era
China has been the world's biggest auto market since 2009, when it eclipsed the U.S. ...
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European sales flat in May on fewer sales days
European sales rose a marginal 0.6 percent in May due in part to fewer working days. ...
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Jeep is biggest winner as Spain sales rise 7%
New-car registrations in Spain increased 7 percent in May with healthy demand from private and compa ...
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German market down 6% but VW bucks trend with new SUV
VW brand was among the few brands that gained new volume as German vehicle sales fell nearly 6 perce ...
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UK sales rise 3% in May on private demand
UK registrations increased 3.4 percent in May as growing demand from individual consumers offset a d ...
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Italy sales decline 3% on political uncertainty, diesel slump
Sales of new cars in Italy declined 2.8 percent in May, with political uncertainty after recent elec ...
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French May sales flat despite strong gains by Jeep, Hyundai, Skoda
French new-car registrations rose 0.2 percent in May, with Jeep, Hyundai, Skoda, DS and Dacia record ...
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VW Group's China sales rose 12% in April on Audi, Skoda demand
Volkswagen Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda ...
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VW, Toyota, Dacia rise as Europe sales rise 10% in April
VW, Toyota and Dacia all saw their European sales rise sharply in April, outpacing a market that gre ...
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Russian sales rise 18% as buyers try to beat price hikes
New-car sales in Russia rose 18 percent in April, as consumers hastened purchases anticipating that ...
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European sales of small SUVs projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Europe's EV sales expected to top 200,000 this year
Sales of full-electric cars are set to surge to 200,000 this year, helped by the arrival of the new ...
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VW, Peugeot, Seat propel compact SUV sector toward new record
Strong demand for new entries from VW, Peugeot and Seat helped to increase European sales in the com ...
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Premium midsize SUVs overtake sedans, wagons in key European segment
Last year for the first time premium SUV models such as the Volvo XC60, Audi Q5 and BMW X3 were more ...
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Apple poaches senior self-driving engineer from Waymo
Apple hired a senior self-driving car engineer from Alphabet's Waymo unit in a sign that the iPhone ...
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GM names first female finance chief
General Motors CFO Chuck Stevens is retiring and will be succeeded by Dhivya Suryadevara, a 39-year- ...
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Former GM chief Henderson named interim CEO of seating supplier Adient
Fritz Henderson, who steered GM through its 2009 bankruptcy, has been named interim CEO of seating s ...
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Rolls-Royce design chief Taylor leaves automaker
Rolls-Royce design director Giles Taylor has left the automaker to "pursue alternative business inte ...
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Rolls-Royce design chief Taylor leaves automaker
Rolls-Royce design director Giles Taylor has left the automaker to "pursue alternative business inte ...
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Lotus CEO Gales steps down, replaced by top Geely executive
Jean-Marc Gales has stepped down as Lotus Cars CEO and will be replaced by Feng Qing Feng, chief tec ...
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Daimler's Winkler to step down as Smart CEO
The CEO of Daimler's Smart business, Annette Winkler, is stepping down after eight years as head of ...
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Kia Motors America names Michael Cole as COO
Kia Motors America has handed the COO reins to Michael Cole, who had the same position for its Europ ...
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Porsche Canada gets new marketing director with digital focus
Porsche Canada has tapped Colas Henckes to be its new marketing director. ...
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Tesla hires Snapchat exec to head engineering
Tesla hired Snapchat maker Snap's vice president of monetization engineering, Stuart Bowers, as head of engineering to work on its Autopilot software and other projects. ...
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BMW 8 series will offer 320-hp diesel in Europe
BMW is reintroducing the 8 series coupe, the first new 8 series in 20 years, with a diesel engine, w ...
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Kia shakes up Ceed family
Kia is shaking up its Ceed compact car family in response to the rising popularity of SUVs and cross ...
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Ford gives new Focus multiple personalities
Ford says it has has injected more emotion and personality into the new Focus compact in a bid to ra ...
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BMW X5 gains space, off-road package
BMW's new X5 SUV is getting a major styling makeover and will be larger than its predecessor with ex ...
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Audi Q8 debuts with plans for autonomous parking system
Audi's Q8 flagship SUV will offer a feature called garage pilot that will allow the driver to be out ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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Hyundai Nexo leads eco charge
Hyundai sees Europe as a key market for its Nexo fuel cell car because the region has more advanced ...
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Hyundai makes Santa Fe more family-friendly
Hyundai hopes more advanced safety and comfort features, better styling and a more refined interior ...
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BMW aims sporty X2 at young buyers
BMW's is aiming its all-new X2 at young and young-at-heart customers.The X2 is a sporty variant of t ...
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Suppliers to the new Seat Ateca
Assembly of the all-new Seat Ateca began in April 2016 at parent Volkswagen Group's plant in Kvasiny ...
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Suppliers to the new Porsche 718 Cayman
Assembly of the third-generation Porsche Cayman began in July 2016 at parent Volkswagen Group’ ...
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Suppliers to the new Nissan Micra
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner RenaultR ...
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Suppliers to the new Hyundai i30
Assembly of the third-generation Hyundai i30 began in December 2016 at Hyundai's plant in Nosovice, ...
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Suppliers to the new Opel/Vauxhall Insignia
Assembly of the third-generation Ope/Vauxhall Insignia began in March 2016 at the automaker's plant ...
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Suppliers to the new Ford GT
Assembly of the second-generation Ford GT began in October 2016 at Ford's plant in Markham, Canada. ...
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Suppliers to the new Audi A5
Assembly of the second-generation Audi A5 began in June 2016 at the Volkswagen Group subsidiary's pl ...
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Suppliers to the new Honda Civic
Assembly of the 10th-generation Honda Civic began in July 2016 in at Honda's plant in Swindon, Engla ...
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Suppliers to the new Ford Fiesta
Assembly of the seventh-generation Ford Fiesta began in May 2017 in at Ford's plant in Cologne, Germ ...
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Suppliers to the new Citroen C3
Assembly of the third-generation Citroen C3 began in September 2016 in at PSA's plant in Trnava, Slo ...
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