Stock Activity

Tesla shares dogged by falling gas prices, output concerns

4:49 pm U.S. ET | Feb. 8, 2016

Tesla shares fell to a two-year low amid concerns that cheap gasoline is stifling demand for electric cars as well as whether the company can efficiently produce enough of its new crossover....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector ends 2015 on a high

Feb. 5, 2016 06:01 CET

The European auto industry ended last year with strong gains in shareholder value across the board at automakers, suppliers and retailers, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices....
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GM profits soar on strong truck sales, resilience in China

7:30 am U.S. ET | Feb. 3, 2016

GM posted pretax operating profit of $10.8 billion for 2015 -- including $2.8 billion in the fourth quarter -- as executives sought to reassure skeptical investors that there is plenty of profit potential remaining in the key U.S. and China markets....
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Ferrari shares slump to record low after saying sales growth will slow

3:33 pm U.S. ET | Feb. 2, 2016

Ferrari said sales growth will probably slow down in its first full year of independence from Fiat Chrysler Automobiles, sending the shares to their lowest level since the supercar maker's Oct. 21 initial public offering in New York....
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BorgWarner shrugs off its Wall Street beating

11:50 am U.S. ET | Feb. 1, 2016

BorgWarner is being punished by Wall Street. So far, though, CEO James Verrier isn't worried. The powertrain supplier has witnessed its share price plummet nearly 47 percent over 12 months....
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Ford generates $7.4 billion profit for 2015 after strong Q4

7:15 am U.S. ET | Jan. 28, 2016

Ford's net income quintupled in 2015 to $7.4 billion, including $1.9 billion in the fourth quarter, as sales of its high-margin pickups and SUVs surged in a record year for the U.S. auto industry. The company earned a fourth-quarter record of $2 billion in North America....
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AutoNation's Q4 net drops 16% on discounts, VW charge

7:45 am U.S. ET | Jan. 28, 2016

AutoNation's net income dropped 16 percent to $97.5 million in the fourth quarter, even as revenues rose 5.8 percent to $5.34 billion, the company said today. The decline was due largely to increased discounting and per-vehicle margin pressure....
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Johnson Controls posts lower quarterly earnings, revenue on auto weakness

10:18 am U.S. ET | Jan. 28, 2016

Johnson Controls reported lower quarterly earnings and revenue largely because of reduced sales in its automotive seating and interiors business. Net income dropped to $490 million, down 5 percent from a year earlier, the company said in a statement today....
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Fiat Chrysler Q4 adjusted earnings jump 39% as demand booms for Jeep SUVs

6:01 am U.S. ET | Jan. 27, 2016

FCA today said its adjusted earnings rose 39 percent to 1.64 billion euros, or $1.78 billion, in the fourth quarter on continued record sales of its Jeep brand. The company said it posted fourth-quarter revenues of $33.65 billion, up 11 percent, including Ferrari....
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No love for Ford on Wall Street

12:01 am U.S. ET | Jan. 25, 2016

Wall Street isn't sold on Ford executives' upbeat prognoses. As profits grow, its stock price keeps sinking. Last week Ford shares fell to their lowest closing price in more than three years. They've dropped 19 percent since January 2015....
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JCI merges with Tyco in tax-lowering maneuver

8:22 am U.S. ET | Jan. 25, 2016

Johnson Controls, already exiting the auto-industry’s supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International....
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Renault emissions-fraud probe may hinder France's stake sale

Jan. 15, 2016 13:00 CET

Renault's share drop following the news that the automaker is being probed over emissions tests could make it harder for the French state to reduce its stake in the automaker as planned....
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GM hikes 2016 profit forecast, boosts stock buyback by $4 billion

8:28 am U.S. ET | Jan. 13, 2016

GM raised its earnings projection for 2016 by 25 cents a share, increased the size of its share buyback and boosted the dividend to start the year....
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Ford expects 2015 pretax profit to set record, says '16 may be even better

6:58 pm U.S. ET | Jan. 12, 2016

Ford said it earned a record pretax profit of at least $10.5 billion in 2015 and that it would match or beat that result in 2016. It also said it would return $1 billion to shareholders in the form of a special 25-cent-per-share dividend, but the news failed to halt a three-month decline in the automaker's stock price....
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Ford expects $1.5 billion profit gain for '15 on pension accounting shift

8:00 am U.S. ET | Jan. 7, 2016

Ford said today it expects its 2015 earnings to be about $1.5 billion higher than it previously estimated, due to a change in how it will report pension gains and losses....
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Ally Financial targeted by activist hedge fund

12:16 pm U.S. ET | Jan. 6, 2016

The hedge fund pushing for changes at Ally Financial said today it wants to work closely with the U.S. auto loan company's management team but is disappointed with its initial response....
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GM invests $500 million in Lyft to bolster ride-hailing strategy

8:50 am U.S. ET | Jan. 4, 2016

GM and Lyft today announced an alliance to develop an on-demand network of autonomous vehicles as well as a $500 million investment by the automaker as part of a $1 billion fund-raising round by the ride-sharing service....
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NEWS ANALYSIS

Is self-driving technology becoming commoditized?

7:56 am U.S. ET | Dec. 20, 2015

George Hotz’s claim that he built a driverless car in his garage has created a debate on Wall Street about the future for automotive technology suppliers such as Mobileye....
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CarMax net, same-store sales dip in latest quarter

2:36 pm U.S. ET | Dec. 18, 2015

CarMax Inc.'s net earnings eased 1.4 percent in the three months ending Nov. 30, as same-store sales fell, the company said today....
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French pledge seen averting crisis at Renault-Nissan for now

Dec. 14, 2015 13:52 CET

The French government's pledge not to interfere in Nissan's governance has averted a crisis for the alliance with Renault, but it fails to solve the underlying imbalance in the partnership, according to a leading Japanese research group....
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Stocks spotty for December sales push

12:01 am U.S. ET | Dec. 14, 2015

As automakers sprint toward a new annual U.S. auto sales record, the inventory cupboard isn't bare, but some shelves have thin spots....
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Renault-Nissan reaches deal with France, ending power struggle

Dec. 11, 2015 11:02 CET

Renault has reached agreements with Nissan and the French government to end an eight-month dispute over increased state influence on the carmaking alliance....
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Visteon to return $1.75 billion to shareholders, buy back $500 million in stock

10:01 am U.S. ET | Dec. 10, 2015

Automotive electronics supplier Visteon today announced a $1.75 billion special cash distribution to shareholders and a stock buyback program of up to $500 million....
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Major Takata investor dumps stock after losing trust in management

7:28 am U.S. ET | Dec. 7, 2015

Takata has lost the confidence of one of its biggest former shareholders, which said the company cut off access to management and downplayed risks as its airbags spurred a record auto safety recall....
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Renault-Nissan CEO Ghosn hopes to resolve alliance rift next week

Dec. 4, 2015 10:51 CET

Renault-Nissan CEO Carlos Ghosn hopes to resolve a rift in the alliance caused by the French government by Dec. 11. Talks between the government and Nissan have made "significant progress," French media reports said....
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