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Byline: Hans Greimel Toyota saw operating profit fall 20 percent in the company's latest quarter as earnings at the automaker were undercut by costly recalls and stop orders in the [...]

Byline: Hans Greimel Honda saw net income plunge 61 percent in the company's most recent quarter, amid higher R&D expenses, foreign exchange headwinds and weak sales in China. Operating profit [...]

Byline: Shivam Mishra Audi Group, the premium brand of Volkswagen Group, has reported a profit after tax of [euro]2.42bn ($2.6bn) in the first nine months of 2024, down 45.8% from [...]

Byline: Michael Martinez Ford Motor Co.'s third-quarter earnings gave investors a disappointing look into a one-step-forward, one-step-back cost-cutting strategy that has kept the automaker stuck with the same financial competitive [...]

Hyundai Motor America reported total October sales of 71,802 units, an 18% increase compared with October 2023. Hyundai set total sales records in October for Elantra N, Santa Fe HEV, [...]

Operating results came in at EUR 2.86B vs. EUR 4.89B last year. Reports 2.12M vehicle sales in Q3 vs. 2.31M last year. 'Our nine-month results reflect a challenging market environment [...]

Byline: John Huetter GM Financial's net income fell by more than 10 percent year over year during the third quarter as the General Motors' captive finance operation grew its financing [...]

Reports revenue EUR 34.5B vs. EUR 37B last year. Continued Free Cash Flow generation from the industrial business reached EUR 2.39B for Q3 supported by favourable working capital development. Net [...]

Byline: Aryaman Raghuvanshi Chinese electric vehicle battery giant CATL's profit climbed to 13.14 billion yuan ($1.85 billion) in the July-September quarter, as per a statement on the Shenzhen Stock Exchange. [...]

Byline: David Leggett Mercedes-Benz Group sold 594,600 cars and vans in the third quarter, 3% down on the same quarter of 2023, in what it described as a 'challenging environment'. [...]

Discussing EVs at its Investor Day, General Motors said, 'We are on track to retrieve positive variable profit in Q4. To get there, we are driving strong execution, accelerated material [...]

Mitsubishi Motors North America closed out the third quarter of 2024 with sales results of 31,588 vehicles, compared to 22,196 vehicles in the same quarter of last year. On a [...]

Ford Motor is calling on the U.K. government to reintroduce subsidies to help carmakers hit sales targets as consumers shun electric vehicles, Bloomberg's Jamie Nimmo reports. Chancellor of the Exchequer [...]

American Honda reported September sales of 105,527 units, down 8.6% versus last year. 'Our sales momentum has continued through the third quarter with strong demand for Honda and Acura SUVs, [...]

Toyota Motor North America reported third quarter U.S. sales totaled 542,872 vehicles, down 8.0% on a volume basis and down 5.6% on a DSR basis. Third quarter electrified vehicle sales [...]

Toyota reports September U.S. auto sales of 162,595 units, down 20.3%, according to [...]

American Honda sales totalled 139,950 units in August, up 25% compared to last year, led by strong passenger car sales, best-ever August light truck sales and an all-time record sales [...]

Hyundai Motor America reported record total August sales of 79,278 units, a 22% increase compared with August 2023. Hyundai set total sales records in August for IONIQ 5 (+33%), Santa [...]

Byline: Graeme Roberts China Automotive Systems, the power steering components and systems supplier, said second quarter 2024 sales rose 15.4% year over year to US$158.6m. Gross margin increased to 18.5% [...]

Byline: Laurence Iliff Despite having received multibillion-dollar investments to stem cash burns, both Rivian Automotive and Lucid Group continued to post large losses in the second quarter. Rivian Automotive reported [...]

'We are very pleased with the third quarter results, with the highest ever quarterly Adj. EBITDA,' said Razvan Radulescu, CFO of Blue Bird Corporation. 'Our business transformation continues to yield [...]

Reports Q3 revenue $333.4M, consensus $328.6M. 'I am incredibly proud of our team's achievements in delivering another outstanding result and record profit in the third quarter,' said Phil Horlock, CEO [...]

Byline: Hans Griemel Toyota Motor Corp. reported higher profits in its latest quarter on booming hybrid vehicle sales and a brisk foreign exchange rate tailwind, overcoming an embarrassing home-market vehicle [...]

Tesla’s profit fell 45 percent in the second quarter, said Neal Boudette in The New York Times, dropping to $1.5 billion on revenue of $25.5 billion in the second quarter, [...]

Byline: Kiran Murali For the quarter ended June, the automaker clocked a consolidated net profit of Rs 5,566 crore, against Rs 3,203 crore. Tata Motors on Thursday reported that its [...]

American Honda sales total 120,737 units in July, up 8.0% compared to the prior year, led by balanced sales of cars, light trucks and electrified models, the company announced. [Reference [...]

SOA also reported year-to-date sales of 374,145, a 5.5% increase compared with the same period in 2023. Jeff Walters, President and COO, Subaru of America, Inc.: 'Thanks to the support [...]

Hyundai Motor America reported total July sales of 69,202 units, a 4% increase compared with July 2023. Hyundai set total sales records in July for Elantra HEV (+13%), Santa Fe [...]

Reports Q2 revenue $671M, consensus $652.73M. Mark Penn, Chairman and CEO, said, 'Stagwell delivered solid results this quarter with record-smashing net new business wins of $113 million, bringing our last [...]

Operating results came in at EUR 5.46B, down 2.4% year-over-year. Reports 2.26M vehicle sales in Q2, down 2.8% year-over-year. 'The Volkswagen Group delivered a solid performance in the first half [...]

Byline: David Leggett Volkswagen Group earnings declined in the second quarter as the company’s bottom line came under pressure from one-off restructuring charges and lower returns on China deliveries. Volkswagen [...]

Garmin adjusted its FY guidance after reporting operating income growth of 20 percent on a 14 percent total revenue expansion in Q2. Simultaneously with reporting its H1 results, Swiss navigation [...]

Reports Q2 revenue $1.74B, consensus $1.73B. 'We remain dedicated to driving growth through market share gains, doubling down on investments in strategic markets, and expanding the breadth of our portfolio [...]

Reports revenue EUR 36.7B vs. EUR 38.2B last year. Reports Group Earnings Before Interest and Taxes of EUR 4B supported by operational efficiency and a focus on healthy sales of [...]

Battery maker LG Energy Solution (LGES) said its revenue would drop more than 20 percent this year due to a slowdown in global electric vehicle (EV) demand. LGES, whose customers [...]

Byline: David Leggett Nissan posted quarterly operating profit barely in the black at just 1 billion yen for the quarter ended June 30, 2024. That compares with 128.6 billion yen [...]

Byline: David Leggett Mitsubishi Motors has reported a disappointing set of quarterly financial results for its FY2024 first quarter ended 30 June 2024. Net sales for the three months ended [...]

Byline: Carly Schaffner American Honda expects to outpace the industry this year with up to a 10 percent increase, inching it closer to prepandemic levels just two years after sales [...]

Byline: Laurence Iliff New U.S. electric vehicle registrations rose 9.6 percent in May on generous sales promotions and lease deals, even as Tesla's tally fell sharply for the fourth consecutive [...]

Byline: Baburajan Kizhakedath China's BYD has reported a 21 percent increase in electric vehicle (EV) sales for the second quarter, closing in on Tesla after relinquishing the title of the [...]

FCA US reports total sales of 344,993 vehicles in the Q2, up 4% from the previous quarter. Overall, Q2 total U.S. sales declined 21% year over year while demonstrating strong [...]

American Honda reports sales up 1.1% in June to 112,742 units and year-to-date sales up 9.3% over the first 6 months of 2023. 'We are pleased to see our sales [...]

Mitsubishi Motors North America closed out the first half of 2024 with sales of 51,130, up 12.3% over the first half of 2023. This is the strongest first-half sales result [...]

Hyundai Motor America reported total June sales of 67,631 units, a 2.5% decrease compared with June 2023. Hyundai set total sales records in June for Elantra HEV (+1%), Elantra N [...]