Finance

FCA’s Net Profit Slides 38% on U.S. Diesel Problems

October 30, 2018 at 1:55 PM

Fiat Chrysler Automobiles NV hiked third-quarter unit sales and net revenue, but a special charge to cover possible fines over U.S. diesel emissions caused a 38% drop in net profit.

VW’s Third-Quarter Profit More Than Doubles

October 30, 2018 at 9:16 AM

Volkswagen Group’s net profit in July-September soared to €2.8 billion ($3.1 billion) from €1.1 billion in the same period last year.

Dana Posts Sales, Profit Gains

October 29, 2018 at 2:58 PM

Dana Inc.’s third-quarter net income soared 38% to $95 million, and sales rose 8% to nearly $2 billion.

Goodyear Sales Climb as Operating Income Slips

October 26, 2018 at 5:18 PM

Goodyear Tire & Rubber Co. reports that its tire sales advanced 2% to 40.5 million units, and revenue rose slightly to $3.9 billion.

Net Profit Plunges 55% for Volvo Cars

October 26, 2018 at 11:15 AM

Volvo Car Group's third-quarter revenue rose 18% to $621 million. But net income plummeted 55% to $120 million.

BorgWarner Posts 10% Earning Hike

October 25, 2018 at 5:43 PM

BorgWarner Inc.’s third quarter revenue and net income rose 3% to $2.5 billion and 10% to $204 million, respectively.

Daimler’s Net Profit Slides 21%

October 25, 2018 at 10:41 AM

Daimler AG’s net profit in the third quarter fell to €1.8 billion ($2 billion) from €2.2 billion in the same period last year.

Hyundai’s Quarterly Earnings Plunge 68%

October 25, 2018 at 2:20 AM

Hyundai Motor Co. reports its net profit in July-September plummeted 68% to 269 billion won ($236 million) year on year.

Tesla Reports a $312 Million Net Profit

October 24, 2018 at 6:32 PM

Tesla Inc. generated a net income of $312 million in the third quarter as revenue from automotive operations soared 82% to a record-high $6.1 billion.

Ford’s Quarterly Earnings Plunge 37%

October 24, 2018 at 4:39 PM

Ford Motor Co.’s third-quarter revenue rose 3% to $37.6 billion. But a slump in China caused net income to shrink to $991 million from nearly $1.6 billion in the same period last year.

Subaru Cuts First-Half Profit Forecast by 45%

October 23, 2018 at 12:02 PM

Subaru Inc. says the cost of domestic recalls will slash its first-half operating profit in April-September to 61 billion yen ($544 million), down 45% from its previous guidance.

Gentex Quarterly Profit Jumps 23%

October 19, 2018 at 3:20 PM

Electronic rearview mirror supplier Gentex Corp. reports its net earnings climbed to $111 million in the third quarter from $90 million in the same period last year.