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.
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.
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.