Finance

Gentex Quarterly Profit Jumps 23%

October 19, 2018 at 3:20 PM

Electronic rearview mirror supplier Gentex Corp. reports its net earnings climbed to $111 million in the third quarter from $90 million in the same period last year.

Daimler Issues Second Profit Warning

October 19, 2018 at 3:03 PM

Daimler AG has lowered its financial guidance for the second time in four months, citing diesel emission compliance and recall costs.

Daimler Issues Second Profit Warning

October 19, 2018 at 2:55 PM

Daimler AG has lowered its financial guidance for the second time in four months, citing recall costs and diesel emission compliance issues.

Chinese Autonomous Driving Tech Startup Raises $1 Billion

October 18, 2018 at 9:20 AM

Momenta, a Beijing-based startup specializing in autonomous vehicle software, says it has secured more than $1 billion in its latest funding round.

Uber IPO Estimated at $120 Billion

October 16, 2018 at 2:35 PM

Uber Technologies Inc. has received proposals from banks for an initial public stock offering valued at $120 billion, The Wall Street Journal reports.

U.K. Developers Seek Investors for Speed Record Attempt

October 15, 2018 at 11:05 AM

Bloodhound Programme Ltd., the U.K.-based company that aims to break the land speed record, has gone into administration and says it needs to raise £25 million ($32.9 million) to continue operations.

BMW: U.S.-China Trade War Could Cut Earnings €500 Billion

October 15, 2018 at 1:40 AM

BMW AG estimates that its earnings could drop €500 million ($578 million) in 2019 is the trade war between the U.S. and China persists.

UAW Retiree Healthcare Trust Loses GM Board Seat

October 15, 2018 at 12:10 AM

A healthcare trust representing retired United Auto Workers union members has relinquished its seat on the General Motors Co. board.

Brilliance China Shares Plunge 30%

October 12, 2018 at 12:43 AM

Shares in Brilliance China Automotive Holdings Co. plummeted 30% in early trading today after BMW AG revealed plans to boost its 50% ownership in a joint venture with the Chinese company.

Vietnam Startup Gets $950 Million Credit Line

October 10, 2018 at 12:24 PM

Vietnamese startup VinFast Manufacturing and Trading Co. Ltd. has arranged a $950 million line of credit to help launch its first model in 2019, Reuters reports.

Ford’s Stock Price Slides to 6-Year Low

October 10, 2018 at 12:51 AM

Ford Motor Co.’s common stock closed at $8.95 per share on Tuesday, marking the first time the price fell below $9 since August 2012.

Report: VW Ponders Advisors for Commercial Truck IPO

October 09, 2018 at 12:22 AM

Volkswagen AG reportedly is poised to hire several banks to help its launch an initial public offering for its Traton commercial truck and bus unit.