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Porsche SE books after tax loss

10 August 2020 | Graeme Roberts

Porsche SE books after tax loss Graeme Roberts Porsche SE has booked an after tax loss of EUR329m euro for the first six months of 2020 which compares with the EUR2.38bn a year ago. The gro... read more


Magna books substantial losses

10 August 2020 | Graeme Roberts

Magna books substantial losses Graeme Roberts Magna International reported financial results for the second quarter and first half ended 30 June, 2020 with significant operating losses, as expected. ... read more


ZF first-half sales down 27% to EUR13.5bn

7 August 2020 | Simon Warburton

ZF first-half sales down 27% to EUR13.5bn Simon Warburton ZF has recorded first-half sales down 27% to EUR13.5bn (US$16bn) as the supplier reacts to conditions created by the global pandemic. ... read more


Tenneco posts Q2 net loss of US$350m

7 August 2020 | Simon Warburton

Tenneco posts Q2 net loss of US$350m Simon Warburton Tenneco has reported a second-quarter net loss of US$350m, while revenue fell from US$4.5bn to US$2.6bn. "The business impact from the pandem... read more


PSA's Free2Move can start to court new outside investors

6 August 2020 | Graeme Roberts

PSA's Free2Move can start to court new outside investors Graeme Roberts Free2Move, the car rental and car-sharing business developed by PSA Group, now has the capacity to start to court new outside i... read more


Adient books Q3 net loss, sees Q4 recovery

6 August 2020 | Graeme Roberts

Adient books Q3 net loss, sees Q4 recovery Graeme Roberts Seating supplier Adient has announced a Q3 net loss of $325m and a loss of $3.46 per share. Adjusted EBITDA was a loss of $122m, do... read more


BorgWarner posts Q2 net loss of US$98m

6 August 2020 | Simon Warburton

BorgWarner posts Q2 net loss of US$98m Simon Warburton BorgWarner has recorded a second-quarter net loss of US$98m, while sales fell 44% to US$1.43bn. For the first six months of 2020, net sales... read more


Toyota beats analysts with small Q1 profit

6 August 2020 | Graeme Roberts

Toyota beats analysts with small Q1 profit Graeme Roberts Toyota Motor reportedly has booked its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wi... read more


Delphi Technologies records Q2 operating loss of US$60m

6 August 2020 | Simon Warburton

Delphi Technologies records Q2 operating loss of US$60m Simon Warburton Delphi Technologies has posted a second-quarter operating loss of US$60m, compared to an operating income of US$56m in the prev... read more


Honda Motor books fiscal Q1 loss

5 August 2020 | Graeme Roberts

Honda Motor books fiscal Q1 loss Graeme Roberts Honda Motor has booked an operating loss for the first fiscal quarter ended 30 June, 2020. Sales revenue fell 46.9% year on year to JPY2,123.7bn a... read more


Xpeng raises additional US$300m ahead of possible US IPO

5 August 2020 | just-auto.com editorial team

Xpeng raises additional US$300m ahead of possible US IPO just-auto.com editorial team Chinese electric vehicle (EV) startup Xpeng Motors is said to have secured an additional US$300m in its latest ro... read more


Continental posts Q2 net income loss of EUR741m

5 August 2020 | Simon Warburton

Continental posts Q2 net income loss of EUR741m Simon Warburton Continental has reported a second-quarter net income loss of EUR741m (US$879m), compared to plus EUR485m the previous year. Sales ... read more


EUR666m BMW's first quarterly operating loss since 2009

5 August 2020 | Graeme Roberts

EUR666m BMW's first quarterly operating loss since 2009 Graeme Roberts The BMW Group has booked its first quarterly operating loss since 2009. It delivered 485,464 vehicles during the second qua... read more


Schaeffler records H1 revenue down to EUR5.57bn

5 August 2020 | Simon Warburton

Schaeffler records H1 revenue down to EUR5.57bn Simon Warburton Schaeffler has posted first-half revenue down to EUR5.57bn (US$6.55bn), from EUR7.23bn the previous year. As a result of lower dem... read more


Gentherm records Q2 revenue down 44% to US$136m

5 August 2020 | Simon Warburton

Gentherm records Q2 revenue down 44% to US$136m Simon Warburton Gentherm has posted second-quarter product revenue down 44% to US$136.1m. "I am proud of the team for their strong execution ... read more


Lear records Q2 net loss of US$294m

4 August 2020 | Simon Warburton

Lear records Q2 net loss of US$294m Simon Warburton Lear has posted a second-quarter net loss of US$294m, while sales fell to US$2.4bn from US$5bn. "The second quarter of 2020 was one of th... read more


Cooper Tire posts Q2 net loss of US$6m

4 August 2020 | Simon Warburton

Cooper Tire posts Q2 net loss of US$6m Simon Warburton Cooper Tire has reported a second-quarter net loss of US$6m, compared with net income of US$9m for the same period last year. Global u... read more


Hankook Tire records Q2 operating profit of US$57m

4 August 2020 | Simon Warburton

Hankook Tire records Q2 operating profit of US$57m Simon Warburton Hankook Tire has posted second-quarter operating profit down 37% to US$57.4m. "Despite the global economic downturn caused by t... read more


FCA books EUR1bn operating loss due to COVID-19

3 August 2020 | Graeme Roberts

FCA books EUR1bn operating loss due to COVID-19 Graeme Roberts FCA said it contained the Q2 COVID-19 impact with a net operating loss of EUR1.0bn and adjusted EBIT of a EUR 0.9bn loss. North Ame... read more


Goodyear records Q2 net loss of US$696m

3 August 2020 | Simon Warburton

Goodyear records Q2 net loss of US$696m Simon Warburton Goodyear has posted a second-quarter 2020 net loss of US$696m compared to net income of $54m a year ago. "Although our first-half results ... read more


Northvolt inks US$1.6bn debt raise

3 August 2020 | Simon Warburton

Northvolt inks US$1.6bn debt raise Simon Warburton Northvolt has signed a US$1.6bn debt raise provided by a consortium of commercial banks, pension funds and public financial institutions, increasing... read more


Porsche H1 sales and profit down

31 July 2020 | Graeme Roberts

Porsche H1 sales and profit down Graeme Roberts Sales revenue of EUR12.42bn euros was 7.3% on the previous year; return on sales of EUR1.23bn fell by 26.3%. "The good performance compa... read more


Aptiv posts second-quarter net loss of US$369m

31 July 2020 | Simon Warburton

Aptiv posts second-quarter net loss of US$369m Simon Warburton Aptiv has reported a second-quarter net loss of US$369m. Revenue fell 46% to US$2bn, which includes volume declines of 42% primaril... read more


Gestamp records H1 net income loss of EUR120m

31 July 2020 | Simon Warburton

Gestamp records H1 net income loss of EUR120m Simon Warburton Gestamp has posted a first half net income loss of EUR120m (US$142m), while the Spanish supplier adds activity levels at practically all ... read more


Garrett Motion Q2 net loss of US$9m

31 July 2020 | Simon Warburton

Garrett Motion Q2 net loss of US$9m Simon Warburton Garrett Motion has posted a second-quarter net loss of US$9m and net sales down 40.5% to US$477m. For the first-half of 2020, net sales t... read more


Dana posts Q2 net loss of US$174m

31 July 2020 | Simon Warburton

Dana posts Q2 net loss of US$174m Simon Warburton Dana has recorded a second-quarter net loss of US$174m and sales of US$1.08bn, down from US$2.3bn, driven by the effects of the global pand... read more


Garmin reports Q2 revenue down 9% to EUR870m

31 July 2020 | Simon Warburton

Garmin reports Q2 revenue down 9% to EUR870m Simon Warburton Garmin has recorded second-quarter revenue down 9% to EUR870m. "Garmin delivered strong second quarter financial results in a period ... read more


Denso Q1 consolidated revenue down 42% to US$7.1bn

31 July 2020 | Simon Warburton

Denso Q1 consolidated revenue down 42% to US$7.1bn Simon Warburton Denso has reported first-quarter consolidated revenue down 42% to US$7.1bn. Consolidated operating profit totalled (US$-989.6m)... read more


Ford Q2 results battered by pandemic

31 July 2020 | Dave Leggett

Ford Q2 results battered by pandemic Dave Leggett Ford managed to post a profit in the quarter ended 30 June, but that result was heavily skewed by Volkswagen's $3.5bn investment in its self-driving ... read more


Ford set to announce Q2 results

30 July 2020 | Graeme Roberts

Ford set to announce Q2 results Graeme Roberts Ford is scheduled to announce Q2 earnings results on Thursday, 30 July after US market close. According to investor website seekingalpha.com , The... read more


Visteon posts Q2 net income loss of US$45m

30 July 2020 | Simon Warburton

Visteon posts Q2 net income loss of US$45m Simon Warburton Visteon has recorded a second-quarter net income loss of US$45m, although the supplier says sales outperformed production volumes at its&nbs... read more


VW books H1 loss but sees sales recovering

30 July 2020 | Graeme Roberts

VW books H1 loss but sees sales recovering Graeme Roberts Volkswagen Group's first half operating result before special items fell to a loss of EUR 0.8bn compared with a EUR10bn profit a ye... read more


Michelin posts first-half net income loss of EUR137m

30 July 2020 | Simon Warburton

Michelin posts first-half net income loss of EUR137m Simon Warburton Michelin has reported a first-half net income loss of EUR137m (US$161m) and a 20.6% contraction in sales. "After these recent... read more


Renault records first-half net income loss of EUR7.4bn

30 July 2020 | Simon Warburton

Renault records first-half net income loss of EUR7.4bn Simon Warburton Renault has posted a first-half net income loss of EUR7.39bn (US$8.69bn), with the result "heavily impacted" by Nissan's negativ... read more


GM books Q2 $0.8bn loss

29 July 2020 | Graeme Roberts

GM books Q2 $0.8bn loss Graeme Roberts General Motors has booked a second quarter 2020 loss of US$0.8bn compared with a a $294m profit for the first quarter . Revenue was $16.8bn compared with&... read more


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