Earnings

GM predicts Europe profit in '16, ending years of losses

Oct. 1, 2014 18:02 CET
GM said it expects its first profit in Europe in more than a decade in 2016. CEO Mary Barra said the target for Europe took into account steps to minimize the effect of the downturn in the Russia....
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GM bets on technology and Cadillac to become 'most valued' automaker

10:38 am U.S. ET | Oct. 1, 2014
General Motors is counting on a parade of new technology-packed models to drive sales growth and profitability in North America and China over the next four years as part of an ambitious push to become the world's “most valued” automaker by early in the next decade....
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Is Ford due for ratings boost after GM upgrade?

3:19 pm U.S. ET | Sept. 26, 2014
Ford's profit topped $7 billion in 2013 just as it did back in 1999 amid surging demand for Explorer SUVs and F-150 pickups. Yet five years into its recovery, Ford's credit ratings remain one level above junk -- six notches lower than they were back in the SUV boom of 1999....
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GM debt bumped up to investment grade by S&P

4:54 pm U.S. ET | Sept. 25, 2014
General Motors' corporate debt was raised by Standard & Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization....
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CarMax reports double-digit increases in Q2 revenue, profit

8:19 am U.S. ET | Sept. 23, 2014
CarMax Inc., the largest U.S. used-car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales....
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Ferrari will build more cars with Marchionne as chairman to keep pace with super rich

Sept. 11, 2014 16:18 CET
Ferrari will cater to growing numbers of super rich clients by building more cars than previously planned after Sergio Marchionne becomes chairman of the company. Marchionne said in May that the brand had the potential to sell about 10,000 vehicles annually, a rise of 43 percent over current figures....
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Fiat's Marchionne sticks to 2014 guidance

Sept. 11, 2014 15:57 CET
Fiat CEO Sergio Marchionne says he sees no reason at present to review the carmaker's 2014 financial guidance despite weakness in Europe and Latin America. After poor second-quarter results from Fiat, analysts were widely expecting a cut in guidance....
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Fiat Chrysler sees New York stock market debut on Oct. 13

8:52 am U.S. ET | Aug. 30, 2014
Fiat-Chrysler Automobiles aims to list shares in the newly merged carmaker in New York on Oct. 13, CEO Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month....
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Schaeffler first-half earnings rise 9% on China demand

Aug. 27, 2014 11:37 CET
Schaeffler expects sales growth in excess of 7 percent this year after first-half earnings rose 9 percent and profit margins improved because of demand in China....
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Sixt says BMW car-sharing venture is profitable in most cities

Aug. 21, 2014 11:43 CET
Germany's Sixt said its DriveNow car-sharing venture with BMW is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts....
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Volvo swings to first-half profit on China, Europe gains

Aug. 20, 2014 07:42 CET
Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S....
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TrueCar growing at faster pace than strong U.S. vehicle market

5:41 pm U.S. ET | Aug. 12, 2014
TrueCar, the online car-shopping site that went public with its stock in May, is growing its sales and dealer network faster than overall U.S. vehicle sales and faster than analysts expected....
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Toyota's bottom line is surging to the top

12:01 am U.S. ET | Aug. 11, 2014
Don't look now, but Toyota Motor Corp. has opened up a big lead on the rest of the global industry when it comes to profitability. The Japanese juggernaut reported last week that net income in the April-June period rose to a quarterly record $5.7 billion....
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Magna Q2 profits rise 23% to $510 million on higher N.A., Europe output

6:53 am U.S. ET | Aug. 8, 2014
Auto supplier Magna International's second-quarter profits increased 23 percent to $510 million on higher vehicle output in North America and a continuing recovery in Europe. The company raised its full-year sales forecast to $35.6 billion to $37.3 billion from $34.9 billion to $36.6 billion....
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LARRY P. VELLEQUETTE

Will Marchionne's profits grab come up empty?

5:16 pm U.S. ET | Aug. 6, 2014
Chrysler Group CEO Sergio Marchionne today seemed like a grizzly bear standing amid a stream of happily swimming salmon....
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Chrysler's Q2 profits rise 22% to $619 million on Jeep, pickup gains

10:30 am U.S. ET | Aug. 6, 2014
Chrysler reported net income of $619 million in the second quarter on record Jeep sales and strong pickup deliveries. The second-quarter profit was 22 percent higher than the $507 million in net income posted during the same quarter of 2013. Revenue increased 14 percent to $20.5 billion....
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Visteon posts 11% rise in Q2 revenue, raises profit forecast

8:10 am U.S. ET | Aug. 6, 2014
Visteon reported an 11 percent rise in quarterly revenue and raised its full-year profit forecast as higher vehicle production boosts sales of air conditioning and electronics products....
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BMW second-quarter profit jumps 26% boosted by record car sales

Aug. 5, 2014 09:02 CET
BMW said its second-quarter operating profit rose 26 percent, as new models, a rebounding Europe and strong China sales boosted earnings....
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Toyota profit surges on U.S. SUV demand

3:21 am U.S. ET | Aug. 5, 2014
Toyota said net income in the April-to-June period rose to a record 587.8 billion yen ($5.7 billion) as surging SUV sales in the United States eclipsed shrinking demand in Japan. The company raised its North America vehicle sales target for the year....
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China business helps Pininfarina to cut its first-half loss

Aug. 4, 2014 13:05 CET
Pininfarina had an operating loss of 4.5 million euros in the first six months, 1.8 million euros less than in the same period last year....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's rapid growth brings risks

Aug. 4, 2014 06:01 CET
Porsche sales are booming as the carmaker looks set to hit a target of 200,000 annual global sales before a 2018 deadline, but some industry watchers worry that too much emphasis on volume jeopardizes the brand's exclusivity....
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Toyota dreams of green car future, but light-truck gains are driving profits

1:00 pm U.S. ET | Aug. 4, 2014
Toyota is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit performance is being powered largely by a gas-guzzling U.S. market....
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N.A. is key Nissan profit center in quarter

12:01 am U.S. ET | Aug. 4, 2014
Declining incentives, rising sales and added production at Nissan Motor Corp.'s North American operations fueled a 22 percent surge in operating profit in that region in the latest quarter....
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Plant switch boosts Mazda's N.A. profits

12:01 am U.S. ET | Aug. 4, 2014
Rising sales of Skyactiv models and resumed local production helped Mazda Motor Corp. nearly quadruple its North American operating profit in the most recent quarter. North America emerged as Mazda's second most profitable region in the fiscal first quarter that ended June 30, from its least profitable a year earlier....
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American Axle Q2 earnings rise on stronger non-GM business

3:56 pm U.S. ET | Aug. 1, 2014
American Axle & Manufacturing Holdings today reported improved second-quarter earnings, led by a strong increase in non-General Motors business....
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