Finance

GM Doubles First-Quarter Net Income

April 30, 2019 at 12:45 PM

General Motors Co. reports its adjusted net income zoomed to $2.2 billion in January-March from $1 billion a year earlier, when restructuring costs in South Korea hurt results.

Veoneer Seeks $500 Million Capital Infusion

April 30, 2019 at 7:43 AM

Veoneer Inc., the former electronics business of Autoliv Inc., aims to raise $500 million to help fund new product development and counter slowing vehicle sales.

Denso’s Fiscal-Year Profits Plunge

April 26, 2019 at 2:36 PM

Denso Corp. ended its fiscal year on March 31 with more revenue but less profit as its ramped up spending on advanced mobility technologies.

Uber Sets IPO Valuation at $91.5 Billion

April 26, 2019 at 2:25 PM

Uber Technologies Inc. has capped the valuation for its initial public offering at a relatively modest $91.5 billion, reflecting investor skepticism about the ability of the ride-share service to turn a profit.

Daimler’s First-Quarter Sales, Revenue, Earnings Slip

April 26, 2019 at 1:43 PM

Daimler AG blames a long list of supply chain, production and materials cost issues for its first-quarter drop in sales and earnings.

Ford Net Drops 35%, But Operating Profit Rises 12%

April 25, 2019 at 5:40 PM

Ford Motor Co. says the costs of restructuring in Europe and exiting the heavy truck market in South America caused net earnings in the first quarter to skid to $1.1 billion from $1.7 billion last year.

Visteon’s Net Income Plunges 78%

April 25, 2019 at 3:37 PM

Electronics supplier Visteon Corp. says its net income in the first quarter plummeted 78% to $14 million as revenue dropped 10% to $737 million.

Profits Skid 22% for Volvo Cars

April 25, 2019 at 1:30 AM

Volvo Car Corp. reports its first-quarter vehicle sales grew 9% to 161,300 units on gains in all major markets. Revenue climbed 11% to 62.9 billion kronor ($6.7 billion).

Tesla Posts $702 Million Loss in First Quarter

April 25, 2019 at 12:20 AM

Tesla Inc. trimmed its first-quarter loss 11% to $702 million year on year. Revenue zoomed 33% to $4.5 billion, but quarter-to-quarter sales fell by 30,000 units.

Nissan Issues Another Profit Warning

April 24, 2019 at 11:54 AM

Nissan Motor Co. now expects its operating profit for the fiscal year ended March 31 plunged 29% to 318 billion yen ($2.8 billon), its worst result in nearly 10 years.

Hyundai’s Quarterly Profits Jump 24%

April 24, 2019 at 2:09 AM

Hyundai Motor Co.’s net profit in January-March climbed 24% to 829 billion won ($722 million), thanks to an upturn in sales in South Korea and the U.S. that offset weak demand in China.

First-Quarter Results Sag for Harley-Davidson

April 23, 2019 at 6:16 PM

Motorcycle maker Harley-Davidson Inc.’s first-quarter consolidated revenue fell 10% to $1.4 billion, and net earnings plunged one-third to $128 million.