Q3 results time again!

Here in the Northern Hemisphere, the leaves are turning brown and the nights drawing in. September has come and gone and the auto industry accountants are hard at work drawing up the third quarter financial results. As they come in, we're stacking them up here.

CANADA: Magna founder leaves board; Q3 sales up 6%

8 November 2012

As it announced third quarter results, Magna International said founder and honorary chairman Frank Stronach would be leaving the board immediately.

SOUTH KOREA: Ssangyong Motor posts Q3 net loss of US$12.3m

9 November 2012

Mahindra and Mahindra's Ssangyong Motor booked KRW696.5bn (US$637.9m) in third quarter revenues and reported a KRW13.4bn net loss.

JAPAN: Suzuki posts 31% increase in Q2 net income

9 November 2012

Suzuki second fiscal quarter sales were flat year on year at JPY1,226.8bn.

JAPAN: Isuzu posts 24.8% rise in Q2 net income

9 November 2012

Isuzu's net income for the second quarter of fiscal 2013 increased 24.8% year on year to JPY42.1bn.

UK: Tata's Jaguar Land Rover reports quarterly profit up 100%

7 November 2012

Tata Motors' luxury vehicle unit Jaguar Land Rover has reported its second quarter results for the 2012/2013 fiscal year (Q2 FY13) as GBP431m profit before tax, a 100% increase on the same period in the last financial year.

GERMANY: Even BMW "beginning to feel some headwind"

6 November 2012

BMW said revenues for the three-month period from July to September 2012 rose 13.7% to EUR18,817m (2011: EUR16,547m). EBIT increased 13.8% to EUR2,004m (EUR1,761m). EBT improved 17.6% to EUR1,987m (EUR1,689m). Net profit was 16.0% up at EUR1,289m (EUR1,111m).

JAPAN: Nissan lowers full year expectations

6 November 2012

Although Nissan Motor reported small increases in operating and net profits for its second fiscal quarter to 30 September, it has revised its full year forecasts downward due to the "strong yen, disruption in China and deteriorating market conditions in Europe".

UK/US: Delphi’s Q3 net income rises slightly to US$269m

5 November 2012

Delphi Automotive reported third quarter 2012 revenues of US$3.7bn, a decrease of 6.8% from the prior year period, the result of further reductions in European production and a significant weakening of the euro and Brazilian real. Net income of $269m and diluted earnings per share of $0.84, compared to $266m and $0.79 the previous year.

US: Gentherm reveals Q3 net income of $2.6m

5 November 2012

Heated and cooled seat specialist Gentherm, formerly Amerigon, has unveiled third quarter net income attributable to common shareholders of US$2.6m.

JAPAN: Toyota posts strong Q2 and H1 net income rises

5 November 2012

Toyota has posted first half fiscal year results from April to September with net income rising to JPY548.2bn (US$6.9bn), sales up by nearly 1.5m units and revenue soaring 36%.

US: Tower International posts Q3 net loss

2 November 2012

Tower International, which specialises in engineered structural metal components and assemblies for the automotive industry, booked a net loss of US$4.8m for the third quarter 2012 - equal to a year ago.

SPAIN: CIE Automotive’s nine months profit falls 4% to US$62.6m

2 November 2012

Despite uncertainty in some markets, CIE Automotive remains confident of equalling its 2011 results. In the first nine months of the current year, sales were EUR1,179m (US$1,529m) (down 8%) and net profit was EUR48.3m, 4% less than the same period in 2011, a record year for the company.

GERMANY: Continental confirms annual targets for 2012

2 November 2012

Continental has confirmed its forecast for fiscal 2012, raised after the first half, despite increasing uncertainty, particularly in Europe, and a global slowdown.

US: Johnson Controls loses $8m in fourth quarter

1 November 2012

Johnson Controls booked a net loss of US$8m, or $0.01 per share, on $10.4bn in sales.

US: Europe lowers BorgWarner's full-year forecast

31 October 2012

BorgWarner has reported third quarter 2012 net earnings of US$0.85 per share. Adjusted, the profit was a record $1.19, a new third quarter record. Sales slipped 5% to $1,695m.

CHINA: Japanese automakers slash sales targets

31 October 2012

Both Mitsubishi and Subaru have slashed their second fiscal half year sales targets in Japan by over 50% amid the continuing territorial dispute over the Senkaku/Diaoyu islands in the East China Sea.

US: General Motors Q3 net income down 12% to $1.5bn

31 October 2012

General Motors has posted third quarter net income down 12% year on year from US$1.7bn to US1.5bn.

JAPAN: Aisin Seiki posts 241.5% growth in H1 net income

31 October 2012

Aisin Seiki net income in the first half of fiscal 2012/3 soared 241.5% to JPY41.2bn (US$517m). Operating income rose 229.8% to JPY84.5bn and sales of JPY1,291bn compared to JPY1,016bn a year ago.

JAPAN: Mitsubishi Electric’s H1 operating income falls 21%

31 October 2012

Mitsubishi Electric net income in the second fiscal quarter decreased 69% year on year to JPY13.1bn (US$164.5m) and operating income fell 30% to JPY43bn on sales off 2% to JPY913.2bn.

JAPAN: Denso’s H1 net income more than doubles

31 October 2012

Denso's first fiscal half sales rose 23% to JPY1,733.1bn (US$22.3bn). Operating income soared 328% to JPY136.3bn. Net income was up 235% to JPY78.1bn.

US: TRW Automotive posts sales increase

31 October 2012

TRW Automotive said that rising demand for its safety products and increased North American production helped it boost Q3 net income from US$158m to US$163m. Revenue rose to US$3.97bn from US$3.92bn.

GERMANY: MAN profits plunge 64% as demand falters

31 October 2012

MAN, the Munich-based truck maker majority owned by Volkswagen, has joined rivals, including Volvo and Daimler, in predicting that Europe’s truck market will stagnate next year.

INDIA: Labour strife hits Maruti Suzuki profits

30 October 2012

Maruti Suzuki has reported a 5.4% fall in quarterly profit, its fifth straight such dip, after it was hit by production losses due to the recent deadly labour unrest.

ITALY: Fiat doubles Q3 profit, predicts low end of full year guidance

30 October 2012

Fiat more than doubled its third-quarter profit to EUR286m (US$370m) from EUR112bn in the same period last year.

US: Ford sets profit records despite Europe gloom

30 October 2012

Ford said on Tuesday (30 October) it had booked best-ever third quarter profit - a pre-tax of US$2.2bn ($0.40 a share) and net of $1.6bn ($0.41). It ended the quarter with liquidity of $34.4bn, up $500m from the second quarter.

US: Chrysler boosts Q3 net profit 80%

29 October 2012

Fiat-controlled Chrysler has boosted third quarter 2012 net profit 80% year on year to $381m from $212m a year ago after sales rose 18% to $15.5bn. Operating profit grew 46% to $706m.

US: American Axle & Manufacturing books US$8.1m Q3 loss

29 October 2012

American Axle & Manufacturing (AAM) booked a net loss of US$8.1m ($0.11 a share) in the third quarter of 2012 though sales rose 8.5% year on year to $702.9m.

US: Sluggish CV demand hits Dana Q3 sales

29 October 2012

Driveline specialist Dana Holding said sales for the third quarter of 2012 fell 12% year on year to $1.7bn with a currency-related hit accounting for $120m as "softening" North America demand affected commercial vehicle customers and "continued weakness" in South America further hit year on year sales comparisons by around $95m.

US: Lear boosts Q3 EPS 19%

29 October 2012

Seating and electrical power management systems (EPMS) supplier Lear Corporation reported adjusted earnings per share up 19% to US$1.29 on sales up 2% to US$3.5bn in the third quarter of 2012.

JAPAN: Honda Q2 operating profit soars 92% after 'quake recovery

29 October 2012

Honda Motor boosted operating profit for the fiscal second quarter to 30 September 2012) 92.1% to JPY100.8bn after vehicle sales rose, mainly in North America and Japan, as it finally recovered from the impact of last year's Japanese earthquake. The automaker also cited strong sales of new models and an increase in motorcycle sales, mainly in India.

SOUTH KOREA: Hyundai hikes nine-month net profit 17.4%

29 October 2012

Hyundai Motor boosted net profit 17.4% year on year to KRW7.16 trillion in the nine months to 30 September from a year earlier, while operating profit rose 14.8% to KRW9.07 trillion.

FRANCE: Renault expects 2012 sales to miss target

26 October 2012

Renault, reporting its Q3 results, expects the total European market to be down by 8% this year from earlier forecasts of a decline of between 3-4%, with the French market declining by at least 13% from earlier estimates that it would be 10% down on the year.

RUSSIA: AvtoVAZ nine-month net profit halves

26 October 2012

Net profit at Russian automaker AvtoVAZ more than halved to RUB1.2bn in January–September from RUB2.5bn in the same period of 2011, executive vice-president for finance and corporate development Oleg Lobanov said.

SWEDEN: Profits slump at truck maker Volvo

25 October 2012

Volvo, the world’s second largest truck maker behind Daimler, reported operating profits down to SEK2.9bn (US$433m) from SEK5.8bn a year ago as third-quarter orders fell 25%. The company, which makes trucks under the Volvo, Renault, Mack, Eicher and UD Trucks brands, said it expects no growth in either Europe or the US next year.

GERMANY: Daimler Q3 net slips on revenue up 8%

25 October 2012

Daimler third quarter profits slipped in the third quarter as revenue rose 8% to EUR28.6bn. Group EBIT was EUR1,921m versus Q3 2011's EUR1,968m and net profit was EUR1,205m (EUR1,360m), leading to lower earnings per share of EUR1.03 compared with EUR1.21).

GERMANY: Porsche nine-month operating profit up 23%

25 October 2012

Porsche AG boosted sales by 28.1% to EUR10.15bn in the first nine months of the 2012 fiscal year on unit volume up 20.2% to 103,245 vehicles. Operating profit rose 22.9% to EUR1.88bn.

GERMANY: VW group revenue up 24% despite tough conditions

24 October 2012

The Volkswagen group saw sales revenue in the first nine months of the year rise 24% to EUR144.2bn (US$186.6bn) as its share of the global car market climbed to 12.6% from 12.3% in the same period last year.