Group 1 CEO says automakers need to cut productionWed, 27, Apr 2016
The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.
Superior Industries more than triples Q1 net incomeWed, 27, Apr 2016
Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.
Icahn's Federal-Mogul returns to profitability in Q1Wed, 27, Apr 2016
Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.
Lear net income surges 69% in Q1Wed, 27, Apr 2016
Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.
Asbury Q1 net down 14%; will open used-car stores despite slow salesTue, 26, Apr 2016
Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.
Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flatTue, 26, Apr 2016
Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.
Penske Q1 net rises 5.7% on higher salesTue, 26, Apr 2016
Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.2 million in the quarter as revenue jumped 7.6 percent to $4.82 billion.
Fiat Chrysler Q1 profit surges on strong Jeep salesTue, 26, Apr 2016
Strong global Jeep sales helped Fiat Chrysler post record first-quarter global earnings despite continued weakness in in Latin America and Asia. Net income rose to 478 million euros ($539 million), the automaker said today.
Hyundai first-quarter profit dips 12% on weakness in SUV segmentTue, 26, Apr 2016
Hyundai posted its ninth straight quarterly profit drop as it trailed rivals in tapping soaring demand for SUVs in China, its biggest market.
If Mitsubishi Motors needs help, group firms may look awayMon, 25, Apr 2016
A decade ago, Japanese automaker Mitsubishi Motors survived a defect cover-up scandal through a bail-out by other Mitsubishi Group companies. Now, facing uncertainty and potential liabilities from a new scandal, it may be on its own.
VW posts biggest ever net loss on $18 billion emissions-cheating chargeFri, 22, Apr 2016
Volkswagen reported the largest annual net and operating losses in its history as the automaker more than doubled to $18.2 billion provisions to pay for its emissions-test cheating scandal.
AutoNation's Q1 net income falls 14% on lower sales, Texas woesFri, 22, Apr 2016
AutoNation's net income dropped 14 percent to $95.9 million in the first quarter, though revenues rose 3.5 percent to $5.12 billion. The slide in net was due to weaker vehicle sales and charges related to a Texas hailstorm and a change in how the retailer accounts for stock-option compensation.