Earnings

Bosch probes whether its staff helped VW's emissions rigging

Jan. 27, 2016 10:03 CET

Bosch is carrying out an internal probe to investigate whether any of its staff were involved in Volkswagen's rigging of emissions tests, the supplier's CEO, Volkmar Denner, said....
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Fiat Chrysler fights to keep turnaround plan on the road

11:07 am U.S. ET | Jan. 26, 2016

Fiat Chrysler will have its work cut out on Wednesday to convince investors it can deliver its turnaround plan after model delays, deferred investments and slowing demand in key markets Asia and Latin America....
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Hyundai posts lowest profit in 5 years on China slump

Jan. 26, 2016 09:40 CET

Hyundai posted its lowest annual profit in five years after a slump in China deliveries overshadowed gains in Europe, the U.S. and South Korea. Net income declined 13 percent to 6.42 trillion won ($5.3 billion) in 2015....
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Ferrari's new independence increases pressure to grow

Jan. 14, 2016 11:48 CET

Ferrari once capped annual production at about 7,000 cars in an effort to maintain the brand's exclusivity. The automaker now says it may lift output beyond its current target of 9,000 in 2019, as it faces the pressures of going it alone without former parent Fiat Chrysler....
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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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2016 AUTOMOTIVE NEWS WORLD CONGRESS

Sales plateau? GM is ready, Ammann says

5:46 pm U.S. ET | Jan. 12, 2016

If U.S. automotive sales are about to plateau at a time of turmoil in markets around the globe, General Motors is ready for it. So said GM President Dan Ammann today in a speech at the Automotive News World Congress....
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Fiat Chrysler 2015 performance 'at top end' of guidance, Marchionne says

Jan. 11, 2016 17:38 CET

Fiat Chrysler's performance last year came in at the top end of the company's own forecasts, CEO Sergio Marchionne said. "The year has gone well, above expectations," Marchionne told reporters on the sidelines of the Detroit auto show....
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Marchionne embarks on final mission impossible at Fiat Chrysler

8:12 am U.S. ET | Jan. 11, 2016

As Fiat Chrysler CEO Sergio Marchionne starts to look beyond his reign at the carmaker, he's betting he can silence naysayers one more time....
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Continental expects slower growth this year after 14% revenue rise in 2015

Jan. 11, 2016 13:14 CET

Continental expects a sales revenue increase of about 5 percent this year after a 14 percent jump in 2015....
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GM Europe aims for profit this year after 2015 loss, CEO Neumann says

Jan. 9, 2016 13:12 CET

GM Europe was still loss-making in 2015 but hopes to return to profit this year, the division's CEO, Karl-Thomas Neumann, told a German magazine....
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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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Hyundai, Kia forecast slowest sales growth in 10 years

Jan. 4, 2016 11:04 CET

Hyundai and sibling brand Kia forecast their weakest sales growth in ten years for 2016 as a slump in China and a stronger won cuts profits. The automakers missed their sales target set for 2015....
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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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Takata airbag crisis having broader sales impact, report says

6:55 am U.S. ET | Dec. 18, 2015

The crisis involving Takata's defective airbags has started to hurt demand for its steering wheels, people familiar with the matter told Bloomberg....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Audi CEO Stadler re-confirms tough 2020 goals despite diesel scandal

Dec. 8, 2015 06:01 CET

Audi's involvement in parent VW Group's emissions-cheating scandal has not deterred the luxury brand from its goal to increase sales to 2 million by 2020, CEO Rupert Stadler told Automotive News Europe....
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THE VW DIESEL CRISIS

VW's Seat brand in focus as group seeks cost cuts

Nov. 12, 2015 14:40 CET

Volkswagen has stood by its Seat brand through years of losses, but the spreading diesel-emissions scandal will test the group's loyalty to the Spanish unit as CEO Matthias Mueller seeks to make cuts....
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THE VW DIESEL CRISIS

Porsche SE profit hit by VW emissions scandal costs

Nov. 10, 2015 13:03 CET

Porsche SE, Volkswagen Group's majority shareholder, said nine-month net profit plunged by more than half on costs associated with VW's diesel emissions scandal....
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Continental boosts earnings on Europe, U.S. growth

Nov. 9, 2015 12:03 CET

Continental said its third-quarter earnings rose 11 percent as Europe and the U.S. offset slower growth in China's car market....
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Tata Motors posts surprise loss on China slump, blast costs

8:37 am U.S. ET | Nov. 6, 2015

A slump in China sales at Jaguar Land Rover amid a market slowdown and a one-time expense contributed to its Indian parent Tata Motors posting an unexpected loss....
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Fiat Chrysler U.S. unit’s Q3 profit falls 89% on costs for recalls

7:02 am U.S. ET | Nov. 6, 2015

Fiat Chrysler Automobiles' U.S. unit said third-quarter earnings tumbled 89 percent as recall costs eroded profit from booming Jeep sales....
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TrueCar posts 28% revenue gain, narrower loss for Q3

4:30 pm U.S. ET | Nov. 5, 2015

TrueCar, the car-shopping website that is undergoing a leadership transition, reported higher third-quarter revenue and a record number of vehicle sales through its digital channels, but still suffered an $11.1 million net loss....
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Toyota earnings surge 26% as currency gains, cost cutting offset lower sales

2:43 am U.S. ET | Nov. 5, 2015

Toyota's operating profit surged 26 percent surge in the latest quarter, as cost cutting and foreign exchange rate gains offset declining global sales....
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Magna says factory glitches to hurt profit; Q3 revenue, margins decline

7:29 am U.S. ET | Nov. 5, 2015

Magna International said operational glitches at three of its plants in North America would weigh on its earnings in the current quarter and spill over to the first half of next year....
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