Finance

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.

BMW’s Quarterly Net Profit Drops 29%

August 01, 2019 at 2:33 AM

BMW AG’s second quarter saw gains in unit deliveries and revenue but sharp declines in pretax and net earnings.

FCA’s Second-Quarter Profit Jumps 14%

July 31, 2019 at 10:57 AM

Fiat Chrysler Automobiles NV’s reports a 14% gain in net profit in April-June, even though unit sales and revenue fell.

Investment in British Auto Industry Plunges 74%

July 31, 2019 at 12:34 AM

New investment in Britain’s automotive sector plummeted 74% in the first half of 2019, according to the Society of Motor Manufacturers and Traders.

Visteon’s Profits Plunge 80%

July 29, 2019 at 12:21 PM

Electronics supplier Visteon Corp. says its second-quarter sales and net income from continuing operations fell 3% to $733 million and 80% to $7 million, respectively.

Veoneer’s Operating Losses Nearly Triple

July 29, 2019 at 11:30 AM

Veoneer Inc., which spun off from safety equipment supplier Autoliv Inc. a year ago, reports its second-quarter operating loss expanded to $137 million from $48 million.

Lear Trims Outlook

July 26, 2019 at 5:33 PM

Second-quarter sales and earnings fell for seating supplier Lear Corp., as vehicle production slowed in all its major markets.

Renault Cuts Outlook as Sales Drop

July 26, 2019 at 2:07 AM

Renault SA has lowered its revenue forecast for 2019 to flat after sales in the first half of the year shrank 7% to 1.94 million vehicles.

Michelin Sales Up, Earnings Down

July 26, 2019 at 1:03 AM

Michelin & Cie. reports its revenue in the first half of 2018 climbed 11% to €11.9 billion ($13.1 billion), thanks to favorable exchange rates, a richer sales mix gains in sales to the mining industry.