Bill Ford defends CEO Fields as shareholders gripe about stock priceThu, 12, May 2016
Ford Motor Executive Chairman Bill Ford defended the company's CEO, Mark Fields, when shareholders complained today about the company's sinking stock price. One investor made a request to bring back former CEO Alan Mulally as an adviser.
Tesla shares fall 5% on cash concerns, doubt about manufacturing goalsThu, 05, May 2016
Tesla Motors shares fell 5 percent today after the company, aiming to dramatically boost production, withdrew its projection to generate more cash than it uses this year and said it will probably need to raise capital.
CDK faces investor pressure to streamline or explore a saleThu, 05, May 2016
Elliott Management stepped up pressure on dealership vendor CDK Global, saying the software company needed to streamline operations or explore a sale.
Ford profits soar on F-150 sales, Europe reboundThu, 28, Apr 2016
Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs.
Visteon reports drop in Q1 net income but gross margin risesThu, 28, Apr 2016
Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.
BorgWarner Q1 adjusted earnings rise 5%Thu, 28, Apr 2016
Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.
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.