Autoliv net income gains 8.5% in Q2 as airbag business growsFri, 22, Jul 2016
Swedish safety products supplier Autoliv said it posted gains across all its product lines during the second quarter as it generated more airbag business than expected in the wake of the Takata recall crisis.
GM Q2 net income more than doubles to $2.87 billionThu, 21, Jul 2016
General Motors' strategy of focusing on retail sales in North America paid off in the second quarter, with net income more than doubling from the year-earlier quarter. GM reported overall net income of $2.87 billion in the second quarter, up from $1.12 billion in the second quarter of 2015.
JCI's auto unit posts record quarterly profit with spinoff approachingThu, 21, Jul 2016
Johnson Controls reported record income in its fiscal third quarter for its automotive unit, even as revenue fell 19 percent due in part to the deconsolidation of its interiors business.
Dana Q2 net income falls 10% as company tweaks its corporate nameThu, 21, Jul 2016
Dana Holding today reported a 10 percent decline in second-quarter net income to $53 million on lower sales in its commercial vehicle and off-highway driveline units. The company also tweaked its official name for the second time in eight years.
Volvo eyes record year as profit triples in first halfThu, 21, Jul 2016
Volvo is confident of reaching record sales and earnings for the full year after it reported half-year operating earnings rose to 5.59 billion Swedish crowns ($649.8 million) up from 1.66 billion in the same period last year.
Mercedes' Q2 profit drops on Takata airbag recallThu, 21, Jul 2016
Daimler reported weaker profit from its Mercedes Cars unit in the second quarter because of the cost of refreshing its lineup and one-time charges related to recalling cars with faulty Takata airbags. The unit's profit margin dropped to 6.4 percent, compared with 10.5 percent last year.
Volkswagen sets aside another $2.4 billion for diesel scandal costsWed, 20, Jul 2016
Volkswagen said it has set aside another 2.2 billion euros ($2.4 billion) for costs associated with its diesel-rigging scandal as the company announced that first-half earnings rose 7 percent to 7.5 billion euros ($8.25 billion).
Daimler Q2 earnings rise 5.6% as Mercedes sales surgeTue, 12, Jul 2016
Daimler said earnings rose 5.6 percent in the second quarter as deliveries at its Mercedes unit soared even as the company set aside money for airbag recalls and legal charges. The company stuck to its forecast for full-year results, saying they will improve slightly from 2015.
Brexit hits Toyota, Nissan as rising yen weighs on profit outlookWed, 06, Jul 2016
The yen's extended surge after UK's decision to exit the EU has turned put added pressure on Japan's automakers. Since the June 23 Brexit vote, the mean forecast for net income at Toyota has slid to $16.5 billion, with four analysts cutting their predictions by an average $2.3 billion for the fiscal year.
Aston Martin's financial losses nearly doubleMon, 27, Jun 2016
Aston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. Last year, the automaker reported a pre-tax loss of 71.8 million pounds.