trucks and SUVs for the lion's share of their profits. At Chrysler, those vehicles account for nearly 100 percent of pretax earnings . Five-year plan Fiat Chrysler CEO Sergio Marchionne told investors in May that the use of weight-saving aluminum at Chrysler
(Bloomberg) -- Germany's Sixt says its car-sharing venture with BMW Group is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts. "We've been surprised about the explosion of new subscriptions, which has helped boost revenue," Erich Sixt, CEO of the ...
carried into 2014. Volvo, bought by China's Zhejiang Geely Holding Group from Ford Motor Co. in 2010, reported operating earnings of 1.21 billion crowns ($176.5 million) versus a year-ago loss of 577 million. Retail sales of its cars, which include
Asbury Automotive Group CFO Keith Style spelled out in some detail last week how the company's improvement in average FandI revenues per vehicle retailed has stalled so far this year. "The last five years we were up about 100 bucks per car each and every year," rising to an average FandI revenue ...
average of 3.4 percent for North American auto suppliers, Bloomberg data show. Profit has been less stellar. Magna's earnings before interest, taxes, depreciation and amortization, measured as a percentage of sales, is 8.8 percent, compared with
Sensata said today in a statement. The purchase of Denver-based Schrader will add as much as 21 U.S. cents to adjusted earnings per share in 2015 and eventually as much as another 77 cents in coming years. "The acquisition of Schrader extends Sensata
fault of the suppliers." Changing course? Despite Marchionne's truculent comments at an Aug. 6 discussion of Chrysler's earnings , it is unlikely that Chrysler intends to adopt a hard line with suppliers or significantly change its purchasing process
Even if the VW brand were to have boosted its first-quarter earnings by another half, it still wouldn't have matched Porsche ..... segments. "Volkswagen's financials pretty much rest on the earnings performance of their premium business, so it's very important
miles. The company also said in its blog Friday that the warranty extension will have a "moderately negative" effect on its earnings in the short term. There is no limit on the number of owners during the warranty period, Tesla CEO Elon Musk wrote in the
equity firm's fifth U.S. buyout fund and third European LBO pool. Carlyle agreed to pay at least 10 times the company's earnings before interest, taxes, depreciation and amortization. In January, Axalta was seeking to reduce the rate on about $2
for Kia at a time when the won, last quarter's fastest-appreciating major currency, is eroding South Korean exporters' earnings . The selection also underscores the pope's preference for small cars, a departure from past Popemobiles, such as the custom
said last week in its first quarterly earnings report. That was a 62 percent increase ..... 10 , the company posted a loss in GAAP earnings per diluted share of 22 cents, which ..... financial reporting. Its non-GAAP earnings per diluted share loss was 2 cents
Ltd. "They are being much more aggressive now than we have ever seen." For Volkswagen, China is so profitable that its earnings there, along with those of Audi, generate all of its cash flow, according to estimates by Max Warburton, an analyst at
in the fiscal first quarter ended June 30 from 17.26 billion rupees a year ago, the Mumbai-based company reported. Earnings were boosted by contributions from Jaguar Land Rover, where pre-tax profit more than doubled to 924 million pounds (1
5.7 billion). That's higher than Volkswagen's 3.19 billion euros ($4.4 billion), and more than the combined earnings of General Motors, Ford Motor Co., Nissan Motor Corp. and Honda Motor Co. A big reason: Surging SUV sales in the United
said their rich profits in contrast to Chrysler's modest earnings "makes my blood pressure go up." He vowed that the automaker ..... profit margin followed a series of buoyant second-quarter earnings reports this month from major Chrysler suppliers such as Delphi
(Reuters) -- Canadian auto parts maker Magna International Inc.'s second-quarter profits rose 23 percent to $510 million on strong demand in North America and a continuing recovery in Europe. Revenues during the second quarter rose 6 percent to $9.46 billion, the company said today . The results ...
are planning to recoup the costs from Takata, the carmakers' executives said last month when reporting first-quarter earnings . Customers waver andnbsp; Honda Executive Vice President Tetsuo Iwamura said last month the carmaker is considering whether
the rules because of its large fleet of heavy cars. But it also has the biggest profits, so in terms of percentage of gross earnings , it is less onerous for VW than for its struggling southern European competitors such as Fiat and PSA/Peugeot Citroen despite
Chrysler Group CEO Sergio Marchionne today seemed like a grizzly bear standing amid a stream of happily swimming salmon. In comments to analysts , the enigmatic Chrysler boss said he was "envious" of the profit margins of his suppliers, and vowed to seek a share of their newfound wealth. Have no ...