Finance

Honda’s Revenue Up, Profit Down

May 08, 2019 at 11:31 AM

Honda Motor Co. increased revenue in the fiscal year ended March 31 by 3%, and consolidated vehicle sales advanced 2% to 3.75 million units. But net income plunged 42%.

Toyota’s Net Profit Drops 25%

May 08, 2019 at 10:52 AM

Toyota Motor Corp. reports that its operating income for the fiscal year ended March 31 grew 3% to 2.5 trillion yen ($22.4 billion), thanks to cost-cutting efforts.

Mazda Bets on Engine Tech to Hike Profits 30%

May 08, 2019 at 12:19 AM

Mazda Motor Corp. believes its rollout of engine technologies that can hike fuel efficiency 30% will boost operating profits by the same percentage.

Ferrari’s Revenue, Earnings Soar

May 07, 2019 at 11:57 AM

Ferrari NV reports that its adjusted net profit in the first quarter of 2019 jumped 22% to €180 million ($201 million).

GM Cruise Picks Up Another $1.2 Billion in Funding

May 07, 2019 at 10:51 AM

GM Cruise LLC has received $1.2 billion from institutional investors, thereby hiking the market value of the autonomous-car startup to $19 billion.

BMW’s Net Profit Plunges 74%

May 07, 2019 at 2:51 AM

BMW AG reports that its group net profit shrank to €588 million ($659 million) in the first quarter from €2.3 billion in the same period last year.

Tesla Completes $2.4 Billion Bond and Stock Sale

May 03, 2019 at 3:13 PM

Tesla Inc. has raised at least $2.4 billion through the sale of stock and bonds to shore up its cash supply.

Dana Posts Another Revenue Record

May 03, 2019 at 12:35 PM

Powertrain components supplier Dana Inc. says its revenue in January-March advanced 1% to $2.2 billion, enough to mark the Ohio-based company’s 10th straight record quarter.

FCA’s Net Profit Drops 47%

May 03, 2019 at 9:34 AM

First-quarter net profit from continuing operations at Fiat Chrysler Automobiles NV plunged 47% to €508 million ($567 million), as revenue fell 5%.

Delphi’s Net Income Plunges as Revenue Slides

May 02, 2019 at 5:40 PM

Delphi Technologies Inc. says slumping vehicle production and unfavorable exchange rates sapped revenue and slashed profits in the first quarter.

Tesla Plans $2 Billion Capital Boost

May 02, 2019 at 9:58 AM

Tesla Inc. hopes to raise $2 billion through a debt and stock offering after CEO Elon Musk acknowledged last week that the company might raise more capital.

VW Group 1Q Revenue Up, Earnings Down

May 02, 2019 at 2:34 AM

Volkswagen AG reports its revenue rose 3% to €60 billion ($67.3 billion) in the first quarter of 2019, even though vehicle deliveries to customers slipped 3% to 2.61 million units.