Finance

Tesla Stock Continue to Slide on Investor Worries

May 21, 2019 at 12:39 PM

Shares in Tesla Inc. have plunged 45% since mid-December, mainly because of investor concerns about the level of demand for its critically important Model 3 electric sedan.

JLR Posts $4.2 Billion Loss as Fiscal 4Q Profit Shrinks

May 20, 2019 at 3:21 PM

Jaguar Land Rover Ltd.’s net profit plunged 56% to £119 million in the final quarter of its fiscal year ended March 31.

S&P Downgrades Nissan Outlook to “Negative”

May 20, 2019 at 11:54 AM

S&P Global Ratings has revised its long-term outlook for Nissan Motor Co. to negative after predicting at least two more years of sliding profits for the carmaker.

FCA Moves Closer to Investment Grade Rating

May 17, 2019 at 12:24 AM

Moody’s Investors Service has joined S&P Global Ratings in elevating its credit rating for Fiat Chrysler Automobiles NV to one notch below investment grade.

Nissan Predicts Further Erosion as Profits Plunge

May 14, 2019 at 10:35 AM

Nissan Motor Co.’s profits plunged in the fiscal year ended March 31, and the company predicts another sharp decline this year.

Uber Shares Drop Another 11%

May 14, 2019 at 1:06 AM

Shares in ride-hailing service Uber Technologies Inc. shrank another 11% on Monday, their second day of public trading.

Uber Shares Slide in First Day of Trading

May 13, 2019 at 12:24 AM

Shares in Uber Technologies Inc. slumped nearly 8% to $41.57 from a launch price of $45 on Friday, their first day of trading on the New York Stock Exchange.

Uber IPO Launches at $45 Per Share

May 10, 2019 at 11:09 AM

Uber Technologies Inc. began trading shares today in an initial public offering that prices shares in the ride-hailing service at a relatively low $45.

Subaru’s Operating Profit Plunges 49%

May 10, 2019 at 2:04 AM

Subaru Corp.’s operating income plummeted 49% to 196 billion yen ($1.8 billion) in the fiscal year ended March 31. Net sales declined 2% to 3.2 trillion yen ($28.8 billion).

Mazda’s Earnings Drop 43%

May 09, 2019 at 10:27 AM

Mazda Motors Corp. says supply disruptions, costly sales incentives and unfavorable exchange rates resulted in 43% lower operating profit and net income for the fiscal year ended March 31.

Magna Cuts Outlook as Income Jumps 68%

May 09, 2019 at 10:00 AM

Magna International Inc. reports its adjusted net income in the first quarter of 2019 surged to US$1.1 billion from $660 million in the same period last year.

Tesla Bumps Funding Round to $2.7 Billion

May 09, 2019 at 12:23 AM

Tesla Inc. says last week’s oversubscribed stock and convertible notes offering has closed at $2.7 billion.