Finance

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.

Tax Break Doubles Ferrari’s Net Earnings

November 05, 2018 at 1:16 PM

Ferrari NV reports that a one-time tax deal in Italy doubled its net earnings in the third quarter to €287 million ($327 million).

Subaru Lowers Outlook as Sales, Earnings Drop

November 05, 2018 at 4:08 AM

Subaru Inc. reports its net income in the first half of its fiscal year ended Sept. 30 fell 48% to 44.3 billion yen ($391 million).

Faraday Future Looks for Financial Saviors

November 02, 2018 at 9:33 AM

Struggling electric car startup Faraday Future Inc. says it is looking for debt and equity financing to revive its hope of launching its first car by the end of this year.

GM Halts Renovations of Michigan Facilities

November 02, 2018 at 9:02 AM

General Motors Co. has stopped work on renovations to its Warren, Mich., technical center and propulsion headquarters in Pontiac, Mich.

JLR Vows to Cut Costs by $3.2 Billion as Sales Slump

October 31, 2018 at 1:00 PM

Jaguar Land Rover Ltd. says it will cut costs and investments by £2.5 billion ($3.2 billion) within 18 months after reporting a loss in the third quarter.

GM Swings to a $2.5 Billion Profit

October 31, 2018 at 11:46 AM

General Motors Co. recovered from a $3 billion net loss in last year’s third quarter—due to the sale of its Opel unit—with a net profit of $2.5 billion in July-September.

Honda’s Net Income Climbs 21%

October 30, 2018 at 3:42 PM

Honda Motor Co.’s operating and net income in its most recent fiscal year grew 40% to 214 billion yen ($1.9 billion).