Financial: Latest news and analysis articles
A highlight for me in the last week was a go in what Nissan UK bills its third generation Leaf - the 2016 update with an optional longer ran...
It would appear our new Research Snapshots have gone down a treat with our readers, judging by the popularity of our review of door innovati...
'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...
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.
Denso has posted year-end consolidated revenue up 5% to US$40.2bn, while consolidated operating profit fell 4.7% to US$2.8bn.
Goodyear has unveiled first quarter net income down 18% to US$184m and sales down US$0.4bn to US$3.7bn, largely due to unfavourable foreign currency translation of US$141m and the deconsolidation of the company’s subsidiary in Venezuela
Lear has reported first quarter net income soaring from US$147m to US$248m, with sales up US$200m to US$4.7bn.
Ford Motor Company on Thursday (28 April) announced a record quarterly pre-tax profit of US$3.8bn for the first quarter of 2016, up $2.1bn; net income up 113% to $2.5bn, up $1.3bn and after-tax earnings per share of $0.68, excluding special items, up $0.39 year on year. Automotive operating-related cash flow of $2.7bn was also a first quarter record.
Visteon has posted first-quarter results, reporting net income of US$19m and sales of US$802m, while adjusted EBITDA was US$89m compared with US$78m in the same period last year.
Fiat Chrysler Automobiles has beaten analysts' first-quarter profit forecasts, helped by a strong performance in North America.
Following a supervisory board meeting in Stuttgart today (25 April), Porsche SE has revised its 2015 finanancial year dividend proposal to a considerably higher level than previously announced on Friday (22 April).
Volkswagen AG's group loss after tax for fiscal year 2015 of EUR1.361bn will have a corresponding negative effect on the group results of Porsche SE which holds a 30.8% stake in the Wolfsburg automaker.
Michelin has unveiled first quarter net sales of EUR5.1bn (US$5.8bn), with volumes up 3.7%, increasing 4% for passenger car and light truck tyres, 3% for truck tyres and remaining stable (0%) for speciality businesses.
Groupe Renault has unveiled first-quarter revenue up 11% to EUR10.5bn (US$11.7bn), mainly due to the recovery of the European market.
Johnson Controls has reported a Q2 net loss of EU$530m from continuing operations with US9bn of revenue, down from US$9.2bn.
Plastic Omnium is reporting first quarter sales up 6% to EUR1.5bn (US$1.7bn), with consolidated sales rising 6.7% to EUR1.3bn.
Toyota's operating profit could be reduced by about JPY30bn (US$277m) for the current quarter after a series of earthquakes struck southern Japan and disrupted parts supplies, a media report said.
Faurecia has posted first quarter consolidated sales up 4.4% to EUR4.7bn (US$5.3bn), although exchange rate variations negatively impacted business activity by 1.5%.
Kia Motors and Total Lubrifiants have renewed their partnership agreement for another five years with Total remaining Kia's "preferred" aftermarket lubricants supplier exclusively across a network of 5,500 dealers in 180 countries - including west European markets from 1 January, 2017.
Progress-Werk Oberkirch (PWO) has unveiled fiscal 2015 net income up EUR200,000 to EUR7.5m (US$8.5m), as well as Group revenue rising from EUR381m to EUR405m.
ZF Friedrichshafen says it generated Group sales of EUR29.2bn (US$32.7bn) in fiscal year 2015, including EUR8.9bn from ZF TRW, which has been integrated as the new Active & Passive Safety Technology Division since the acquisition in May last year.
Volkswagen Aktiengesellschaft and the Dutch company Fleet Investments B.V. have closed the sale of leasing and fleet management company LeasePlan Corporation N.V. to a consortium of investors.
Ford Motor executive chairman William Clay (Bill) Ford received a $2m salary, stock awards of $7.07m and various other payments totalling $12.9m, according to an SEC filing. President and CEO Mark Fields received a base salary of $1.75m, $12.1m in stock awards and a total 'compensation' package of $18.6m, down about $300,000 on 2014's pay.
VW Group brand SEAT says it closed 2015 with a profit after-tax of EUR6m, which compares with an EUR66m loss in 2014. It’s the first profit for the Spain-based brand since 2008.
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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