Finance

Uber Reports Record $5.2 Billion Loss

August 09, 2019 at 12:54 AM

Uber Technologies Inc. reports its net loss in the second quarter of 2019 surged to a record $5.2 billion from $878 million in the same period last year.

Magna’s Second-Quarter Profits Fall 28%

August 08, 2019 at 12:09 PM

Magna International Inc. posted a slight decline in revenue and a 28% drop in net income for the second quarter of 2019.

Lyft Hikes Outlook as Revenue Jumps

August 08, 2019 at 2:33 AM

Ride-hailing service Lyft Inc. predicts more revenue and narrower losses for 2019.

Conti Plans Further Cost Cuts as Profits Plunge

August 08, 2019 at 1:26 AM

Continental AG vows “rigorous cost discipline” after a sharp drop in second-quarter profits.

China Expansion Buoys Faurecia Sales

August 06, 2019 at 1:56 PM

French seating supplier Faurecia SA says expanded operations in China helped it boost revenue through the first six months of 2019 by 3% to $1.3 billion.

Ferrari’s Revenue, Core Earnings Climb

August 05, 2019 at 5:41 PM

Ferrari NV reports that its shipments of its supercars in the second quarter rose 8% to 2,700 units. Net revenue climbed 9% to €984 million ($1.1 billion).

Subaru’s Quarterly Revenue, Profits Jump

August 05, 2019 at 12:38 PM

Subaru Corp. reports big gains in revenue and operating profit, thanks to booming demand for its all-wheel-drive vehicles in the U.S.

ZF Cuts Sales, Earnings Outlook

August 02, 2019 at 3:30 PM

ZF Friedrichshafen AG has joined a long list of automotive suppliers in predicting leaner results this year than previously expected.

Toyota Reports 9% Gain in Operating Profits

August 02, 2019 at 1:04 PM

Toyota Motor Corp.’s April-June operating profit climbed to a four-year high, but the company lowered its full-year outlook 6% on expectations of a stronger yen.

Honda’s Net Profit Falls 29%

August 02, 2019 at 11:30 AM

Honda Motor Co.’s adjusted net profit dropped 29% to 172 billion yen ($1.6 billion) in the fiscal first quarter ended June 30.

GM Posts 2% Profit Gain as Revenue Dips

August 01, 2019 at 1:16 PM

General Motors Co. boosted its net income in the second quarter 2% to $2.4 billion, as revenue slipped 2% to $36.1 billion.

Mazda’s Net Income Plunges 75%

August 01, 2019 at 3:29 AM

Mazda Motor Corp. posted sharp declines in earnings for its fiscal first quarter ended June 30, as revenue slipped and unit sales fell 13% to 353,000 vehicles.