Finance

Lambo’s Valuation Jumps on SUV Sales

August 23, 2019 at 11:32 AM

Exotic supercar maker Automobil Lamborghini SpA is seeing its market value soar because of the success of its popular and sedately designed Urus crossover vehicle.

Nissan Plans First Bond Sale in 3 Years

August 22, 2019 at 3:03 PM

Nissan Motor Co. has filed regulatory papers signaling its plan to issue 100 billion yen ($940 million) in bonds.

BYD’s Net Profit Triples in First Half of 2019

August 22, 2019 at 2:06 PM

Chinese electric car specialist BYD Co. doubled its sales of electrified vehicles and tripled its net income in the first half of 2019.

Geely’s Net Profit Plunges 40%

August 21, 2019 at 12:36 PM

China’s Geely Automobile Holding Co. says its net profit in the first half of 2019 skidded 40%, as unit sales and revenue suffered double-digit declines.

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.