Finance

New Models Boost Aston Martin’s Revenue 81%

November 15, 2018 at 2:28 PM

Strong third-quarter demand for new models doubled unit sales and hikes third-quarter revenue 81% for Aston Martin Lagonda Ltd.

Uber Loses $1.1 Billion in Third Quarter

November 15, 2018 at 12:45 AM

Uber Technologies Inc. reports it lost $1.1 billion in July-September, up 20% from the previous quarter but down 27% from the third quarter of 2017.

Quarterly Profits Jump 26% for Mahindra

November 14, 2018 at 4:12 PM

India SUV maker Mahindra & Mahindra Ltd. reports its net income in the fiscal second quarter ended Sept. 30 climbed 27% to 17.8 billion rupees ($246 million).

Renault-Nissan-Mitsubishi Invests in Battery Tech Startup

November 13, 2018 at 4:37 PM

The Renault-Nissan-Mitsubishi alliance has made an unspecified investment in Enevate Corp., an Irvine, Calif.-based startup specializing in next-generation lithium-ion batteries for electrified vehicles.

JCI Inks Deal to Sell Battery Business

November 13, 2018 at 3:57 PM

Johnson Controls International plc has agreed to sell its Power Solutions battery business to Toronto-based investment firm Brookfield Business Partners LP and its institutional partners for $13.2 billion.

Hedge Fund Wants Hyundai to Return $10.6 Billion to Shareholders

November 13, 2018 at 2:52 PM

Activist U.S. hedge fund Elliott Management Corp. is urging Hyundai Motor Co. and its affiliates to return $10.6 billion of capital to shareholders.

Magna’s Sales, Net Earnings Rise

November 08, 2018 at 12:04 PM

Magna International Inc.’s third-quarter sales revenue rose 9% to US$9.6 billion.

Nissan’s Operating Profit Skids 21%

November 08, 2018 at 10:32 AM

Nissan Motor Co. reports that its operating profit in the fiscal second quarter ended Sept. 30 plunged 21% to 101.2 billion yen ($890 million).

JLR Invests in Electric Motorcycle Startup

November 07, 2018 at 4:21 PM

Jaguar Land Rover Ltd. is making an unspecified investment in electric motorcycle startup Arc Vehicle Ltd., which was formed by former Jaguar engineering executive Mark Truman.

BMW’s Net Profit Plunges 24% as Sales Slow

November 07, 2018 at 2:16 AM

BMW AG reports a 5% gain in third-quarter revenue but a 24% drop in net income.

Tata Gains in India with Shift to SUVs, Trucks

November 06, 2018 at 1:49 AM

New SUV models and booming demand for trucks drove Tata Motors Ltd.’s operations in India to their first net profit in six years for the first half of the fiscal year that began on April 1.

Toyota’s Net Profit Climbs 28%

November 06, 2018 at 12:11 AM

Toyota Motor Corp. reports that its net profit in July-September grew 28% to 585 billion yen ($5.2 billion), mainly because of cost-cutting measures.