• 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
  • Newswire

    CORRECTED-UPDATE 1-GM earnings more than doubles on U.S. truck demand; shares jump  

    (In paragraph nine, removes full dollar amount for net income before one-time charges. The per-share amount is correct, at $1.29.) By Joseph White and Bernie Woodall DETROIT, July 23 (Reuters) - General Motors Co shares surged in premarket trading Thursday after the automaker reported adjusted net income that more than doubled in the second quarter, driven by North American truck sales and continued strength in China....More
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