Financial: Latest news and analysis articles
'Car sales in Europe off to a strong start' is not a headline we've been accustomed to writing much in the last few years but we did, finall...
Following the unveiling of Ford's Q4 and full-year 2014 financial results and, more importantly, its outlook for 2015, an obvious question i...
It's still 2014, but not for much longer. In the global automotive business, plenty happened in 2014. Seasoned observer Dave Leggett offers...
This month's managament briefing reviews the financial position of the global supplier automotive supplier industry. Part 2 highlights recen...
European Automotive Supplier body, CLEPA, continues to power its members' interests in Brussels as well as act as the Continent's arm in negotiations with its Japanese equivalent in JAPIA and American counterparts, OESA. Simon Warburton talked to CLEPA CEO, Jean-Marc Gales at last week's Paris motor show.
Newly-appointed managing director of Scandinavian supplier body, FKG, Fredrik Sidahl, was 25 years with Volvo before working for Saab. In the first of two interviews, he talked to Simon Warburton in his Gothenburg office about the collapse of the iconic Swedish brand and gave some frank views on the government's attempts to save it.
For the first quarter of 2015, Lear reported sales of $4.5bn, core operating earnings of $294m, net income of $147m and adjusted earnings per share of $2.28. This compares with sales of $4.4bn, operating income of $243m, net income of $122m and adjusted earnings per share of $1.84 for the first quarter of 2014.
Lear has reported first quarter profit up 21% on buoyant sales of seats, boosted by strong industry volume in North America.
Hyundai Motor has reported profit a decline in earnings for the fifth consecutive quarter on slower sales and currency effects.
Johnson Controls' net sales for the second quarter of fiscal year ended 31 March 2015 were down 2.8% to US$9.19bn. Income from continuing operations before income taxes was up 13.8% to $611m. Net increased to $529m from $261m.
Export Development Canada (EDC) has announced financing of EUR400m for Volkswagen Group (Volkswagen).
Valeo has posted first-quarter consolidated sales up 15% to EUR3.6bn (US$3.9bn), an increase of 6% on a like-for-like basis.
We have just launched our first readership survey in two years.
With the Fiat-Chrysler merger now appearing to be on the final straight, this Non Sequitur cartoon about post-merger scenarios gave me a coffee break giggle.
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