Earnings

Ford, Wall Street clash over cherished dividend

7:13 am U.S. ET | Aug. 14, 2018
The debate erupting over Ford's quarterly payout to shareholders is exposing a growing and contentious divide over what needs to be done to fix the ailing automaker.

Maserati will rebound from China blow, top exec says

Aug. 10, 2018 06:01 CET
Maserati will rebound after plunging China sales almost wiped out the brand's profit in the last quarter, Fiat Chrysler CEO Mike Manley said.

COMMENTARY

Why BMW, not Tesla, is the real deal for a buyout

Aug. 9, 2018 10:27 CET
Elon Musk's tentative proposal to take Tesla private isn't a bad idea for an automaker, it is just that the money-losing U.S. company is the wrong choice. BMW is a far better candidate for a buyout.

Carvana continues market expansion, widens net loss in Q2

2:19 pm U.S. ET | Aug. 9, 2018
Carvana continued to add new markets in the second quarter while more than doubling revenue and widening its net loss.

Strong growth in North America helps fuel Delphi's improved Q2 financials

2:20 pm U.S. ET | Aug. 8, 2018
Delphi Technologies PLC reported improved financials for the second quarter of 2018 due to strong growth in North America and lower costs for restructuring.

Subaru profit down 52% amid competitive pressure, looming tariff concerns

3:06 pm U.S. ET | Aug. 6, 2018
Subaru reported its lowest quarterly profit in over five years, as sales in North America declined and incentives in the U.S. rose. In addition, a rise in auto import tariffs in the United States could have a significant impact on the cost of selling vehicles in the market.

Musk tweets video parody of Hitler shorting Tesla stock

6:36 am U.S. ET | Aug. 6, 2018
Elon Musk is struggling with his own pledge to get a better handle on his use of Twitter, posting a version of an Adolf Hitler clip that lampoons fund managers who are betting against his company.

Incentives erase sales increase at Mazda

12:01 am U.S. ET | Aug. 6, 2018
Mazda reports a 17 percent drop in operating profit in the most recent quarter as rising incentives, foreign exchange rate losses and increased investment in U.S. retail network reforms offset higher sales volume and aggressive cost cutting.

Toyota profits dragged down by incentives

12:01 am U.S. ET | Aug. 6, 2018
The high cost of incentives in North America dampened Toyota Motor Corp.'s mostly rosy global profit report last week, although the automaker said it has now eased off the spending throttle.

American Axle's Q2 profits grow from Metaldyne deal, new vehicle launches

1:57 pm U.S. ET | Aug. 3, 2018
The driveline supplier said net income more than doubled to $151.1 million in the quarter while revenue rose 8 percent to $1.90 billion.

NEWS ANALYSIS

Elon Musk says sorry, Tesla shares rise 16%

9:28 am U.S. ET | Aug. 3, 2018
Elon Musk may have been on to something when he said Tesla was becoming a real car company. Just as importantly for investors, he's being viewed as acting more like a real CEO.

Toyota quarterly profit jumps 19% on Asia sales

Aug. 3, 2018 08:16 CET
Toyota's global profit rose 19 percent in the latest quarter but earnings fell 29 percent in North America, while European income was up on cost-cutting.

BMW second-quarter profit falls 6% on higher spending, currency headwinds

Aug. 2, 2018 08:47 CET
BMW's second-quarter profit fell 6 percent as higher spending to develop electric and autonomous cars weighed on earnings.

Ferrari's new CEO says Marchionne target is 'aspirational'

Aug. 2, 2018 09:46 CET
Ferrari's new CEO Louis Camilleri called the company's profit targets set by his predecessor Sergio Marchionne "aspirational." Camilleri will outline in September how Ferrari will attempt to reach the goal to double profit by 2022.

Ferrari's second-quarter profit jumps 7%

Aug. 1, 2018 13:19 CET
Ferrari reported a 7 percent rise in second-quarter earnings, helped by sales of the 812 Superfast model and cars from the 488 family.

AutoNation's Q2 net, revenue grow on strong used-vehicle operations

7:15 am U.S. ET | Aug. 1, 2018
AutoNation's net income and revenue rose in the second quarter, primarily on gains in its used-vehicle business.

Mazda profit slides 17 percent on higher incentives, U.S. investment

Aug. 1, 2018 10:11 CET
Mazda's global profit fell but its earnings in Europe increased despite higher spending to comply with new WLTP emissions rules.

How benchmarking helped Opel to rebound

Aug. 1, 2018 09:30 CET
Being able to benchmark against new owner PSA was a key advantage to help Opel/Vauxhall cut costs and reverse losses, Opel CEO Michael Lohscheller said.

VW posts 23% rise in Q2 profit as outlook dims

Aug. 1, 2018 09:08 CET
Volkswagen Group posted a 23 percent rise in underlying quarterly operating profit, even as difficulties conforming to a new anti-pollution rules in Europe cloud the sales outlook for passenger cars.

Tower lifts 2018 revenue outlook on new business, foreign exchange, higher steel prices

5:33 pm U.S. ET | July 31, 2018
Tower International raised its full-year revenue outlook to $2.17 billion to reflect new business, favorable foreign exchange rate gains and higher steel prices.

Aptiv to partner with Hertz on autonomous fleets; Q2 operating earnings rise

2:49 pm U.S. ET | July 31, 2018
Automotive tech supplier Aptiv has entered a partnership with Hertz to cooperate on implementing fleets of autonomous vehicles, starting with a pilot program of an initial 75 vehicles in Las Vegas, to launch this fall.

Panasonic expects Tesla battery production to boost profits this fall

11:43 am U.S. ET | July 31, 2018
Panasonic said it expects its battery business with Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace.

Denso says hit from U.S. tariffs could reach $719 million

11:11 am U.S. ET | July 31, 2018
Toyota-affiliated supplier Denso said it expects to take a hit of up to $719 million this year if the United States raises auto tariffs, Japanese media reported.

Jaguar Land Rover posts loss on China incentives, diesel decline

July 31, 2018 14:17 CET
Jaguar Land Rover posted a quarterly loss as higher incentives in China and Europe's diesel slump hit earnings.

Honda's quarterly European profit climbs 6%

July 31, 2018 10:19 CET
Honda reported an 11 percent increase in companywide quarterly profit as rising sales in North America and aggressive cost-cutting offset foreign exchange rate losses. European profit was up 6 percent.

 
Tavares' success at PSA is a 'powerful incentive' for Renault to catch up


3:42 am U.S. ET | July 30 2018

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PSA's impressive performaance under CEO Carlos Tavares is a powerful incentive for his former company, Renault, to work hard to catch up, said Renault's No. ...
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Tavares may find it hard to maintain Opel's astonishing progress


10:00 am U.S. ET | July 24 2018

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Opel's astonishing recovery under PSA left analysts swooning. ...
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Nissan Leaf provides some twists on road to EV future

Douglas A. Bolduc
12:01 am U.S. ET | July 20 2018

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A week spent testing Nissan's new Leaf was frustrating logistically but encouraging overall. ...
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How I became a diesel believer again

Christiaan Hetzner
12:01 am U.S. ET | July 14 2018

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Like many other people, my faith in diesel has been challenged by revelations of emissions cheating. ...
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Why Ford execs are lobbying for the Focus sedan

Nick Gibbs
12:01 am U.S. ET | July 13 2018

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The pride that two key Ford executives have in the Focus sedan is so strong that they petitioned jou ...
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Goodwood turns up the heat on traditional auto shows

Nick Gibbs
12:01 am U.S. ET | July 11 2018

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The Goodwood Festival of Speed has an edge that traditional auto shows in Paris, Detroit and Geneva ...
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New refuge for abandoned minivan fans?

Andrea Malan
12:01 am U.S. ET | July 10 2018

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Loyal minivan buyers who aren't willing to join the shift to SUVs appear to have found refuge in one ...
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Opel's labor boss is ready for a fight

Christiaan Hetzner
12:14 pm U.S. ET | July 5 2018

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Opel's works council boss has spent most of the past six years quietly settling labor conflicts behi ...
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Why PSA is OK that its new compact vans are so alike

Peter Sigal
12:01 am U.S. ET | July 3 2018

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PSA Group's new compact vans have a lot in common, a trait that is often very beneficial in the ligh ...
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Western European sales jump 9% ahead of WLTP tests
Automakers pushing to sell cars before WLTP vehicle-testing rules come into effect helped to boost w ...
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Skoda, BMW among winners as Russia sales rise 11%
New-car sales in Russia rose 11 percent in July, buoyed by strong consumer confidence ahead of a pla ...
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Europe's first-half sales surged on strong SUV demand
Jeep, Seat, Dacia and VW outperformed all other brands sold in Europe in the first half, as overall ...
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BMW sees 5%-10% sales growth in China despite tariffs
BMW expects its China sales to rise between 5 percent and 10 percent this year, despite the introduc ...
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Jeep, Volvo, VW among winners as SUVs boost European demand
Europe's continuing boom in SUV/crossover sales boosted registrations in June despite slumping deman ...
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UK market 'stabilizing' despite sales falling nearly 4% on diesel plunge
UK registrations fell 3.5 percent in June as demand for diesels plunged. VW Group's Seat had the big ...
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Russia sales growth slows during World Cup
New-car sales in Russia rose 11 percent in June, down from an 18 percent leap in May, an industry lo ...
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VW Group brands gain as German market rises 4%
VW Group brands were among the winners last month as the German market rose 4.2 percent. Through Jun ...
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Italy market decline accelerates in June
Sales of new cars in Italy declined 7.3 percent in June, according to figures published by the count ...
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Spanish car sales rise 8 percent in June
New-car registrations in Spain increased 8 percent in June to 142,376 despite one fewer selling day ...
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Peugeot, Toyota commit to midsize sector despite slump
Peugeot and Toyota are the latest automakers to commit to Europe's volume midsize segment despite cu ...
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European electric-car sales growth slowed in first half
Sales growth of electric cars slowed across the EU's major markets during the first half because of ...
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CNG car sales set to rise on tougher emissions rules
European demand for cars powered by compressed natural gas has shown signs of life after a half-deca ...
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Europe's small SUV sales projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Former Tesla engineering chief returns to Apple
Doug Field, who stepped down as the senior vice president of engineering at Tesla last month, is ret ...
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Audi appoints new chief for China operations
Audi, which lags premium rivals Mercedes and BMW in China, has appointed former Opel and Skoda marke ...
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VW names purchasing chief Brandstaetter as COO
Volkswagen Group said company veteran Ralf Brandstaetter will be chief operating officer of its VW p ...
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Can a tobacco guy make leap to becoming a car guy at Ferrari?
Ferrari's new boss, Louis Camilleri, has big shoes to fill, but the tobacco industry veteran may hav ...
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Fiat Chrysler's new British CEO faces many minefields
Fiat Chrysler's new CEO, Mike Manley, gained his first auto industry experience in UK dealerships. ...
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BMW manager Duesmann lined up to head Audi, sources say
BMW purchasing director Markus Duesmann will become Audi CEO in January, sources said. ...
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Fiat Chrysler's Europe chief, Altavilla, steps down
The head of Fiat Chrysler's Europe, Middle East and Africa business, Alfredo Altavilla, has stepped ...
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New Ferrari CEO will be former tobacco executive
Ferrari's new CEO will be Louis Carey Camilleri, a former chairman of tobacco company Philip Morris ...
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Fiat Chrysler picks Manley CEO to succeed Marchionne
Fiat Chrysler appointed Mike Manley to replace the seriously ill Sergio Marchionne as its CEO. ...
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Mitsubishi recruits former Maserati, Audi exec Dambrosio to head advanced design
Mitsubishi Motors has recruited former Maserati and Audi designer Alessandro Dambrosio as executive ...
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Peugeot aims sleek 508 at SUV buyers
Peugeot has transformed the 508 midsize sedan into a hatchback to add versatility and attract SUV an ...
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Jaguar showcases I-Pace's SUV skills
The Jaguar I-Pace's versatility shows it is much at home tackling tough terrain as it is blazing aro ...
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Audi adds connectivity features to bigger Q3
Audi has made its Q3 bigger and added more tech and connectivity equipment for the compact SUV's sec ...
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Porsche gives updated Macan improved handling
Porsche has updated its Macan crossover with a fresher design, improved handling, as well as more co ...
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Mahindra places big bet small crossover
Mahindra & Mahindra are hoping to get a much larger slice of the European car market with the launch ...
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Volvo counts on V60 wagon to help balance SUV surge
Volvo is counting on the V60 station wagon to provide a strong alternative to buyers who are looking ...
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Suzuki keeps Jimny's gritty look for new generation
Suzuki is gearing up to launch the fourth generation of its long-running Jimny small SUV 20 years af ...
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Audi drops A1 diesel variant due to low demand
Audi's new A1 Sportback subcompact hatchback will launch without a diesel version and will only be a ...
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Volvo's new S60 signals 'dynamic' powertrain changes
The redesigned Volvo S60 compact sports sedan will be Volvo's first U.S.-manufactured vehicle and it ...
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BMW 8 series will offer 320-hp diesel in Europe
BMW is reintroducing the 8 series with a diesel engine, which the automaker said is unprecedented in ...
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Suppliers to the new Seat Ateca
Assembly of the all-new Seat Ateca began in April 2016 at parent Volkswagen Group's plant in Kvasiny ...
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Suppliers to the new Porsche 718 Cayman
Assembly of the third-generation Porsche Cayman began in July 2016 at parent Volkswagen Group’ ...
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Suppliers to the new Nissan Micra
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner RenaultR ...
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Suppliers to the new Hyundai i30
Assembly of the third-generation Hyundai i30 began in December 2016 at Hyundai's plant in Nosovice, ...
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Suppliers to the new Opel/Vauxhall Insignia
Assembly of the third-generation Ope/Vauxhall Insignia began in March 2016 at the automaker's plant ...
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Suppliers to the new Ford GT
Assembly of the second-generation Ford GT began in October 2016 at Ford's plant in Markham, Canada. ...
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Suppliers to the new Audi A5
Assembly of the second-generation Audi A5 began in June 2016 at the Volkswagen Group subsidiary's pl ...
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