Finance

America Axle Posts Fourth-Quarter, Full-Year Losses

February 15, 2019 at 5:22 PM

American Axle & Manufacturing Holdings Inc. swung to a $362 million net loss in the final quarter of 2018, as revenue dipped 2% to $1.7 billion.

Rivian Lands $700 Million in New Funding Led by Amazon

February 15, 2019 at 10:09 AM

Rivian Automotive LLC has attracted $700 million in new equity investment led by Amazon.com Inc.

Renault’s Sales, Earnings Slide

February 14, 2019 at 9:23 AM

Renault SA reports that its revenue and net income in 2018 fell 2% to €57.4 billion ($64.8 billion) and 38% to €3.3 billion ($3.7 billion), respectively.

Losses Deepen for Akebono Brake

February 13, 2019 at 12:44 AM

Japan’s Akebono Brake Industry Co. Ltd. predicts it will post an adjusted net loss of 19.2 billion yen ($174 million) in the fiscal year ending March 31, citing losses in the U.S.

Michelin Hikes Operating Slips 3%

February 12, 2019 at 5:35 PM

Michelin & Cie. reports its operating income declined 3% to €2.6 billion ($2.9 billion). Sales revenue was flat at €22 billion ($25 billion).

Nissan’s Operating Profit Jumps 25%

February 12, 2019 at 12:02 PM

Nissan Motor Co.’s operating profit surged 25% to 103.3 billion yen ($935 million) in October-December. Net revenue rose 6% to 3.0 trillion yen ($27.6 billion).

JLR Shops for $1 Billion in New Funds After $4 Billion Writedown

February 11, 2019 at 1:15 AM

Jaguar Land Rover Ltd. says it needs to find $1 billion in funding within 14 months to replace maturing bonds.

Goodyear's Profits, Sales Slide

February 08, 2019 at 6:50 PM

Goodyear Tire & Rubber Co. says its fourth-quarter sales fell 3% to 40.7 million tires as sales to carmakers shrank 10%. Revenue dropped 5% to $3.9 billion.

FCA Reports Sales, Earnings Gains But Tepid Outlook

February 07, 2019 at 4:20 PM

Fiat Chrysler Automobiles NV reports fourth-quarter growth in revenue, operating results and net profit. But it also forecasts only mild gains this year.

JLR Profits Plunge on Asset Writedowns

February 07, 2019 at 2:27 PM

Jaguar Land Rover Ltd. reports that its unit sales, revenue, earnings, operating margin and net profit all shrank in the fiscal third quarter ended Dec. 31.

Volvo Profits Stall as Sales Zoom

February 07, 2019 at 1:47 AM

Volvo Car Corp. saw revenue climb 21% to 253 billion kronor ($27.5 billion) last year, as unit sales rose 12% to a record 642,300 vehicles.

Daimler Sales Up, Profits Down

February 06, 2019 at 1:34 PM

Daimler AG hiked its revenue and unit sales in 2018 by 2% each to €167.4 billion ($190.5 billion) and 3.4 million passenger vehicles and commercial trucks, respectively.