Earnings

PAUL MCVEIGH

Porsche is Volkswagen's profit champion

12:01 am U.S. ET | March 13, 2014
The true worth of the Porsche sports car brand to Volkswagen Group became apparent when VW released its 2013 financial results.... Read More »

 

BMW Group posts Q4 profit gain on 3-series demand

March 13, 2014 13:29 CET
BMW Group reported a surprise 4 percent gain in fourth-quarter profit because of strong demand for the 3 series. CEO Norbert Reithofer forecasts a new all-time high for vehicle sales in 2014.... Read More »

 

Audi says cost of foreign growth, new models to burden EBIT margin

March 11, 2014 11:41 CET
Audi is bracing for another drop in operating profit this year as the cost of foreign expansion, new models and technologies keep burdening results.... Read More »

 

Fiat-Chrysler expects new plant to boost Brazil profitability

March 7, 2014 10:18 CET
Fiat Chrysler Automobiles expects a new plant in Brazil to boost its profitability in that market by 2017 after a cut to subsidies and currency effects hit profits there last year.... Read More »

 

PSA boss Tavares wants DS to become stand-alone brand

March 4, 2014 14:09 CET
Incoming PSA/Peugeot-Citroen CEO Carlos Tavares wants the company's Citroen DS range to become a stand-alone brand as the automaker seeks to promote its upscale product offerings.... Read More »

 

LUCA CIFERRI

Tavares's message to PSA execs: Make money

12:01 am U.S. ET | March 4, 2014
Incoming PSA CEO Carlos Tavares wants profitability to be the key priority for the ailing French automaker.... Read More »

 

Magna's Q4 net income jumps 31%

12:51 pm U.S. ET | March 3, 2014
Magna International said its fourth-quarter profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend. Net income attributable to the company rose to $458 million in the fourth quarter, from $351 million a year earlier, the company said in a statement.... Read More »

 

Sogefi profit falls 25% in 2013 on restructuring costs

Feb. 26, 2014 13:42 CET
Italy's Sogefi reported a 25 percent drop in net profit last year as the supplier was hit by higher financial charges and restructuring costs.... Read More »

 

Visteon Q4 profits rise, capping 'very good' year

9:07 am U.S. ET | Feb. 25, 2014
Auto parts supplier Visteon posted a rise in quarterly profit and reaffirmed its 2014 financial projections.... Read More »

 

VW's Q4 profit rises 18%, lifted by record sales at Porsche

Feb. 21, 2014 19:44 CET
VW Group reported an 18 percent gain in fourth-quarter profit as record sales at its Audi and Porsche brands offset spending on developing new models and expanding production.... Read More »

 

VW's Q4 profit rises 18%, lifted by record sales at Porsche

1:44 pm U.S. ET | Feb. 21, 2014
Volkswagen AG reported an 18 percent gain in fourth-quarter profit as record sales at its luxury Audi and Porsche brands offset spending on developing new models and expanding production.... Read More »

 

Federal-Mogul trims Q4 net loss to $19 million

12:26 pm U.S. ET | Feb. 21, 2014
Diversified auto parts supplier Federal-Mogul reported a fourth-quarter net loss of $19 million, a $61 million improvement over the same quarter in 2012, the company said Thursday, showing signs of recovery since emerging from bankruptcy in 2008.... Read More »

 

Dana Q4 earnings decline 52%, revenue rises slightly

12:04 pm U.S. ET | Feb. 21, 2014
Dana, supplier of axles, driveshafts, sealing and thermal components for light, commercial and off-highway vehicles, saw its net income drop 52 percent to $42 million in the fourth quarter.... Read More »

 

Nissan expects better profitability in 2014, Ghosn says

10:19 am U.S. ET | Feb. 21, 2014
Nissan CEO Carlos Ghosn forecast profitability at Japan's second-largest carmaker will improve in 2014 after the company missed out on the yen-led earnings boon at the nation's exporters.... Read More »

 

Valeo second-half earnings rise 16% on strong China, U.S. demand

Feb. 21, 2014 09:43 CET
Valeo said second-half earnings rose 16 percent as demand for cars increased in China and North America and the European vehicle market improved.... Read More »

 

Tesla's Musk confirms Apple talks, says deal 'unlikely'

2:10 pm U.S. ET | Feb. 20, 2014
Tesla Motors Inc has had "conversations" with Apple, CEO Elon Musk confirmed to Bloomberg TV today, responding to speculation that the iPhone and iPad maker had shown interest in the electric car company.... Read More »

 

ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said.... Read More »

 

Tesla Q4 net loss narrows to $16 million

Feb. 20, 2014 06:01 CET
Tesla Motors said fourth-quarter net losses narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher sales and manufacturing efficiencies. Tesla said it sold 22,477 cars in 2013.... Read More »

 

Ferrari posts record 2013 revenue despite lower deliveries

5:21 am U.S. ET | Feb. 19, 2014
Ferrari posted a 5 percent rise in revenue last year, even as deliveries of its supercars fell 5 percent as the automaker cut production to maintain exclusivity.... Read More »

 

Daimler extends CFO Uebber's contract through 2019

Feb. 19, 2014 10:39 CET
Daimler has extended CFO Bodo Uebber's contract by five years as it seeks to become the world's top luxury-car producer in sales and profitability.... Read More »

 

Tesla Q4 net loss narrows to $16 million

4:17 pm U.S. ET | Feb. 19, 2014
Tesla Motors' fourth-quarter net loss narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher deliveries, strong transaction prices, and manufacturing efficiencies. Tesla said it sold 6,892 cars in the fourth quarter and 22,477 for all of 2013.... Read More »

 

Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles.... Read More »

 

Sonic posts 8% drop in Q4 profit, but expects new pricing strategy to prevail

8:52 am U.S. ET | Feb. 19, 2014
Sonic Automotive today posted an 8 percent slide in fourth-quarter net income, but the retailer says it continued to gain traction on a new pricing strategy that some of its stores have struggled with.... Read More »

 

Ferrari posts record 2013 revenue despite lower deliveries

Feb. 19, 2014 11:21 CET
Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion), even as deliveries of its supercars fell 5 percent to 6,922 units.... Read More »

 

Group 1 warns weather will dent 1st-quarter sales, profits

5:33 pm U.S. ET | Feb. 18, 2014
Group 1, citing severe winter weather that has forced stores to close and showroom traffic to decline, warned Tuesday that its first-quarter earnings will come in lower than expected.... Read More »

 

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