Finance

GM Boosts Revenue, Earnings

February 06, 2019 at 11:50 AM

General Motors Co.’s adjusted net income swung to $2.0 billion in last year’s fourth quarter, reversing a $5.2 billion loss in the same period of 2017 caused by U.S. tax changes.

Mazda’s Net Income Drops 41% as Revenue Flattens

February 06, 2019 at 2:21 AM

Mazda Motor Corp.’s adjusted net income shrank 41% to 12.7 billion yen ($116 million) in October-December. Revenue growth stalled.

Toyota’s Net Profit Plummets 81%

February 06, 2019 at 1:32 AM

Toyota Motor Corp.’s net profit for the fiscal third quarter ended Dec. 31 plunged 81% to 181 billion yen ($1.6 billion), largely because last year’s results were boosted by a one-time tax cut in the U.S.

Honda’s Quarterly Profit Plunges 71%

February 01, 2019 at 9:22 AM

Honda Motor Co. says a 5% gain to 1.41 million vehicle sales was offset by a poorer mix that left revenue flat at 4 trillion yen ($36 billion) in the fiscal third quarter ended Dec. 31.

Gentex’s Fourth-Quarter Earnings Fall 19%

February 01, 2019 at 1:09 AM

Mirror supplier Gentex Corp. saw its net income drop 19% to $106 million in October-December as revenue dipped 1% to $453 million.

Ferrari Earnings Rise 6%

January 31, 2019 at 12:02 PM

Ferrari NV reports that its vehicle shipments climbed 10% to 9,300 supercars in 2018. evenue was flat at €3.4 billion ($3.9 billion) as the iconic brand strove to shift sales to more profitable models.

Tesla Posts 4Q Profit as Revenue Soars

January 31, 2019 at 1:22 AM

Tesla Inc. reports its revenue in last year’s final quarter soared to $6.3 billion from $2.7 billion in the same period in 2017.

Bosch Sales Rise 2% as Pretax Earnings Stall

January 30, 2019 at 1:55 PM

Robert Bosch GmbH report that its adjusted revenue in 2018 grew 2% to a record €77.9 billion ($89 billion).

Tesla Faces $920 Million Cash Call

January 30, 2019 at 11:47 AM

Tesla Inc. must make a $920 million debt payment on March 1 unless its share price zooms more than 20% by then.

Harley-Davidson Fourth-Quarter Income Plunges 94%

January 29, 2019 at 5:06 PM

Motorcycle maker Harley-Davidson Inc. saw its net income in last year’s fourth quarter plummet to $495,000 from $8.3 million in the 2017.

Brake Supplier Akebono Seeks Turnaround Aid

January 29, 2019 at 3:29 PM

Japanese brake system supplier Akebono Brake Industry Co. has filed for an out-of-court turnaround and is seeking financial aid to avoid bankruptcy, The Nikkei reports.

Desay to Open Autonomous-Vehicle Test Center in Singapore

January 28, 2019 at 7:30 PM

China’s Desay SV Automotive Ltd. is opening a research and development center in Singapore that will focus on Level 4/5 autonomous vehicle, connectivity and cybersecurity systems.