Hyundai net income falls 11th straight quarter as strikes cut productionWed, 26, Oct 2016
Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won ($943 million) while net income fell for an 11th consecutive quarter to its lowest level in more than four years.
GM's Q3 net more than doubles to $2.77 billionTue, 25, Oct 2016
General Motors today said its net income more than doubled to a third-quarter, post-bankruptcy high of $2.77 billion, as its focus on retail sales in the U.S. bolstered transaction prices. Despite weakness in Europe, GM said its earnings for the year would be at the "high end" of forecasts.
Asbury Q3 net drops 37 percent on lower salesTue, 25, Oct 2016
Asbury Automotive Group's third-quarter net income fell 37 percent to $32.4 million in part because of lower new- and used-vehicle sales, the company said today.
Fiat Chrysler Q3 adjusted earnings rise 29 percent, recall costs weighTue, 25, Oct 2016
Fiat Chrysler Automobiles today reported adjusted earnings before interest and taxes of 1.5 billion euros ($1.63 billion) for the third quarter, up 29 percent, on flat revenues and despite some headwinds in North America, its largest market.
Daimler quarterly profit jumps 10% on Mercedes car demandFri, 21, Oct 2016
Daimler reported a 10 percent rise in third-quarter profit, buoyed by robust demand for Mercedes cars in China as the brand rolls out the new E-class sedan.
Group 1's Q3 net falls 22% on soft energy, UK marketsThu, 20, Oct 2016
Group 1 Automotive's net income fell 22 percent in the third quarter to $35.4 million, hurt by sales weakness in energy-dependent markets and soft sales in the U.K. following the Brexit vote to leave the European Union.
Gentex posts 18% gain in Q3 net incomeThu, 20, Oct 2016
Mirror and electronics supplier Gentex saw its third-quarter net income climb 18 percent to $92.1 million as sales at its automotive unit increased. Gentex typically serves as a bellwether for suppliers as it is one of the first of its peers to release its quarterly results.
Lithia’s Q3 net rises 25 percent on broad revenue gainsThu, 20, Oct 2016
Lithia’s third-quarter net income rose 25 percent from a year earlier to $54 million, as revenue rose 8.9 percent to a third-quarter record $2.27 billion, the company said today.
Dana Q3 net income drops to $57 millionThu, 20, Oct 2016
Dana, the longtime supplier of various drivetrain components, today reported net income of $57 million in the third quarter, down 52 percent from the year-earlier period as sales from its commercial-vehicle units fell again.
VW targets $4.1 billion in cost cuts, report saysThu, 20, Oct 2016
Volkswagen is targeting about 3.7 billion euros ($4.1 billion) of cost cuts at its core VW brand by 2021 as it wrestles with labor leaders over a turnaround plan, sources told Reuters. The targeted savings would be in addition to a 5-billion-euro efficiency program announced by VW in 2014.
Continental cuts profit guidance on warranty cases, supply disruptionsMon, 17, Oct 2016
German car components supplier Continental AG trimmed its profit forecast for the year, citing warranty cases and possible expenses for antitrust proceedings as well as supply disruptions following earthquakes in Japan.
GM, despite record profits, struggles with Wall Street cynicismWed, 05, Oct 2016
GM generates $1 billion in pretax profit a month. Yet the stock market seems unimpressed, assigning the company a market value of just $50 billion. It's one of the more vexing questions Dan Ammann, the company's president, faces every day.