Toyota Group suppliers grapple with yen's impact on profitsFri, 29, Jul 2016
Toyota Group suppliers posted mixed financial results in the April-June quarter, reflecting varying levels of success coping with adverse exchange rates in the wake of the yen's sharp rise following the U.K.'s Brexit vote.
American Axle Q2 net income rises 21%Fri, 29, Jul 2016
American Axle & Manufacturing's net income climbed 21 percent to $71 million in the second quarter from the year-earlier period, the supplier reported today. The company's revenue rose 2.1 percent to $1.02 billion in the quarter.
AutoNation Q2 profit slips 2.7% on lower unit salesFri, 29, Jul 2016
AutoNation's net income dropped 2.7 percent to $112 million in the second quarter as it sold fewer vehicles and saw same-store gross profits from three of its four business operations fall.
Tenneco boosts net income 10% in Q2Fri, 29, Jul 2016
Tenneco, the suburban Chicago supplier of ride-control and emission control systems, reported net income of $86 million in the second quarter, a 10 percent increase from the year-earlier period.
Visteon says it booked record $1.6 billion in new business during Q2Thu, 28, Jul 2016
Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.
BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soarsThu, 28, Jul 2016
BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.
Lear Q2 earnings rise on gains in both seating and electronicsThu, 28, Jul 2016
Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.
Mazda profit falls on strong yen, lower N.A. salesFri, 29, Jul 2016
Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan.
Audi will miss profitability goal as VW scandal, Takata hit earningsFri, 29, Jul 2016
Audi will miss its profitability target this year as costs for parent VW Group's diesel emissions scandal and possible recalls of cars fitted with Takata airbags hit earnings.
Ford posts 9% decline in Q2 profit, warns of challenges aheadThu, 28, Jul 2016
Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.
Group 1's Q2 profits flat, hit by storm expensesThu, 28, Jul 2016
Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.
Lithia's Q2 net rises 0.4% on used, service and parts gainsThu, 28, Jul 2016
Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.