Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn't help.
Seating and electronics supplier Lear reported a 23 percent leap in 2017 first-quarter net income and stronger profit margins.
The White House made its opening bid for what officials called the 'biggest tax cut' in U.S. history -- with cuts that would benefit businesses, the middle class and certain high-earning individuals.
News
26 Apr, 2017
The Goodwood FoS is on the horizon once more. Here’s what to expect from the 2017 show
Penske Automotive's first-quarter net income rose 3.5 percent from a year earlier, as acquisitions and strong sales at its U.K. dealerships pushed revenue to a record for the quarter.
Mitsubishi Motors claimed to have outpaced other large international car makers to become the top automotive exporter in Thailand - for the first time - with export volume of 309,915 units for the fiscal year to 31 March, 2017.
Hyundai Motor has posted a 21% year-on-year decline to net profit in the first quarter of the year as it was hit by slower sales in China.
Opinion
26 Apr, 2017
Editor-in-chief Steve Fowler is excited about the future of Lynk & Co and is looking forward to seeing the Chinese brand in the UK
Car parts manufacturer Mitsubishi Electric Corporation has pleaded guilty in Canada to three counts of bid-rigging for participating in an international conspiracy and was fined CDN$13.4m by the Ontario Superior Court of Justice.
Fiat Chrysler earnings rose 11 percent in the first quarter as the automaker shifted to building more profitable SUVs. In Europe, profit at the group's once-struggling operations almost doubled to 178 million euros.
Fiat Chrysler earnings rose 11 percent in the first quarter as the automaker shifted to building more profitable SUVs. In Europe, profit at the group's once-struggling operations almost doubled to 178 million euros.
Fiat Chrysler earnings rose 11 percent in the first quarter as the automaker shifted to building more profitable SUVs. In Europe, profit at the group's once-struggling operations almost doubled to 178 million euros.
Going global has paid off handsomely for Linamar. Enter Donald Trump. The U.S. president's election is the latest in a string of populist, anti-globalization events. Linamar CEO Linda Hasenfratz is undaunted.
Electric cars are coming fast -- and that's not just the opinion of carmakers anymore. Total, one of the world's biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade.
German supplier Grammer said a court had lifted the enforcement of a temporary injunction on the exercise of a convertible bond, allowing it to issue shares to strategic partner China's Ningbo Jifeng.
Greenlight Capital, which has been pressuring General Motors to restructure its share class, said it believed the automaker's shareholders will vote in their best financial interests and support the hedge fund's two-class stock proposal and nominees...
Automakers urged California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of rules for self-driving cars.
Citroen and Peugeot maker PSA Group booked first quarter 2017 revenue of EUR13,629m, of which EUR9,018m was raised by the automotive division and EUR5,092m by supplier Faurecia.
China is aiming to become a world auto-making powerhouse in a decade, with Beijing aiming to boost development and output of new energy vehicles (NEVs) and also relax restrictions on foreign ownership.
Mobileye announced that it has entered into an agreement with Nissan Motor to generate anonymised, crowd-sourced data to create next-generation precision maps utilising Mobileye's Road Experience Management (REM) data generation technology.
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