Finance

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.

Lear’s Quarterly Net Income Drops 47%

January 28, 2019 at 12:12 AM

Lear Corp. says a decline in global vehicle output caused its fourth-quarter revenue and net income to fall 8% to $4.9 billion and 47% to $212 million, respectively.

Ford Says “Hard” Brexit Could Cost It $1 Billion

January 25, 2019 at 12:00 AM

Ford Motor Co. says it will lose as much as $1 billion if the U.K. leaves the European Union in late March without a new trade deal.

Hyundai Post First Quarterly Loss in 7 Years

January 24, 2019 at 1:42 AM

Hyundai Motor Co. and its Kia Motors affiliate posted an unexpected fourth-quarter net loss of 203 billion won ($180 million), its first in at least seven years.

Ford Posts Quarterly Loss

January 23, 2019 at 9:49 PM

Ford Motor Co. swung to a $116 million loss in the fourth quarter of 2018, reversing a $2.5 billion profit in the previous year. It was the company’s first quarterly loss in two years.

Bentley Says Profit Hinges on Smooth Brexit

January 22, 2019 at 2:29 PM

Volkswagen AG’s Bentley luxury brand’s hope for a profitable 2019 will evaporate if the U.K. exits the European Union in March with no trade deal.

Ford Renews Plea for Investor Patience after Weak Profit Report

January 16, 2019 at 2:20 PM

Ford Motor Co. CEO Jim Hackett has again asked investors to be patient after the carmaker estimated its profits for 2018 would be at the low end of its forecast.

Goodyear Issues Third Profit Warning

January 15, 2019 at 3:52 PM

Goodyear Tire & Rubber Co. has lowered its guidance for operating income in 2018 to slightly below $1.3 billion.