Finance

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  • Newswire

    UPDATE 1-BMW earnings momentum slows on China, competition  

    * Q2 EBIT down 3 pct to 2.52 bln eur, in line with forecasts * Earnings increase to be held back by China, competition, costs * Shares indicated down 1.3 percent (Adds details on rivals, earnings, analyst comment, share indication) FRANKFURT, Aug 4 (Reuters) - BMW AG's second quarter operating profit eased 3 percent on slowing China sales, leading the carmaker to caution that while it still expects new records for sales and pretax profit in the full year, earnings momentum was slowing....More
  • Newswire

    UPDATE 3-Volkswagen lowers sales goal as China growth slows down  

    * FY sales forecast lowered to flat from a moderate rise * VW expects China sales growth to grind to halt * Operating profit rises in Q2 * Keeps FY profit, revenue forecasts * Grappling with "fierce competition" -CFO (Adds China sales and profit estimate, analyst comment) By Andreas Cremer...More
  • Newswire

    GM Investing $1 Billion in India  

    The $1 billion investment is designed to turn GM India into a global auto-production and export hub serving rapidly growing emerging markets....More
  • Newswire

    Nissan Reports 58% Jump in Q1 Operating Profit  

    The Japanese automaker credits the quarterly result to a weak yen that raised the value of earnings outside Japan, the only region that failed to post significant sales gains....More
  • Newswire

    Sirius XM Hikes 2015 U.S. Revenue, Subscription Forecasts  

    The satellite-radio service says robust U.S. auto sales prompted it to raise its full-year subscriber forecast from 1.2 million to 1.4 million, and boost its revenue forecast from $4.5 million to $4.47 million....More
  • Newswire

    Valeo Boosts 2015 Profit Forecast  

    The French automotive supplier revises its full-year profit forecast after first-half net income soared 34% and sales climbed 15% to beat analysts' estimates....More
  • Newswire

    Johnson Controls Reports Q3 Profit Up  

    The largest automotive supplier in the U.S. says third-quarter net income more than doubled from the prior year, from $230 million to $503 million....More
  • Newswire

    Report Says VW Preparing to Slash China Spending  

    A German magazine says the automaker, whose profits at its Chinese joint ventures are running 25% below year-ago, is preparing a cost-saving program in response to slumping demand....More
  • Newswire

    Supplier Faurecia Raises 2015 Profit Margin  

    The French automotive supplier, citing sales growth in Europe and North America and a weak euro, says first-half net income nearly doubled from like-2014....More
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