FRANKFURT (Reuters) – Daimler’s first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset raw material costs, technology investments and production delays at three Mercedes-Benz factories. FILE PHOTO: An illuminated logo of Mercedes is seen on the Mercedes-Benz F105 at an exhibition before the Daimler… Continue reading Daimler hurt by production delays at Mercedes, China slowdown
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DoJ opens probe into Ford’s emissions certification process
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States. The potential concern… Continue reading DoJ opens probe into Ford’s emissions certification process
Uber sets terms for IPO, posts $1 billion first-quarter loss
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of… Continue reading Uber sets terms for IPO, posts $1 billion first-quarter loss
UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
(Updates with PayPal deal, detail on roadshow) By Joshua Franklin April 26 (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion. Uber also said… Continue reading UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
UPDATE 1-AutoNation quarterly profit beats on higher earnings per vehicle
(Reuters) – AutoNation Inc, the largest U.S. auto dealership chain, on Friday reported a better-than-expected quarterly profit, as it earned more per vehicle sold. The company said its same-store gross profit per vehicle retailed across its 325 U.S. locations was up 6 percent to $3,559 during the quarter. AutoNation’s profits have been under pressure as… Continue reading UPDATE 1-AutoNation quarterly profit beats on higher earnings per vehicle
AutoNation quarterly profit beats Wall Street estimates
(Reuters) – AutoNation Inc, the largest U.S. auto dealership chain, on Friday reported a better-than-expected quarterly profit, boosted by higher gross earnings from its financial services products. Net income from continuing operations fell to $92.1 million in the first quarter ended March 31, from $93.3 million a year earlier. The company’s earnings per share from… Continue reading AutoNation quarterly profit beats Wall Street estimates
Autoliv Q1 profit lags forecast, 2019 guidance above consensus
STOCKHOLM (Reuters) – Sweden’s Autoliv, the world’s largest maker of airbags and seatbelts, on Friday reported a first-quarter operating profit below market expectations but forecast 2019 organic sales growth and margins above analysts’ consensus. The company, which competes with Joyson Safety Systems and ZF TRW, reported a quarterly operating profit of $173 million, down from… Continue reading Autoliv Q1 profit lags forecast, 2019 guidance above consensus
Renault to propose joint holding company with Nissan: Nikkei
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, Jan. 15, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – Renault SA will propose to Nissan Motor Co a plan to create a joint holding company in which both firms would nominate a… Continue reading Renault to propose joint holding company with Nissan: Nikkei
UPDATE 4-Ford more confident of stronger 2019 despite ‘volatile environment’
DETROIT (Reuters) – Ford Motor Co on Thursday posted a better-than-expected first quarter largely due to strong pickup truck sales in its core U.S. market and said it was more confident in its forecast 2019 would bring better results than last year. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading UPDATE 4-Ford more confident of stronger 2019 despite ‘volatile environment’
Uber to kick off investor roadshow with IPO terms on Friday
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay (Reuters) – Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with… Continue reading Uber to kick off investor roadshow with IPO terms on Friday