“ MAUMEE, Ohio, Feb. 15, 2019 /PRNewswire/ — Full-Year Highlights Record sales of $8.143 billion, an increase of $934 million or growth of 13 percent, compared with 2017 Net income attributable to Dana of $427 million; diluted EPS of $2.91 Record adjusted EBITDA of $957 million, an increase of $122 million, or growth of 15… Continue reading Dana Incorporated Achieves Record Annual Sales, Profit, and Margin
Tag: Financial Results
Uber reports $3B in Q4 revenue, rising operating losses
Ahead of its anticipated initial public offering this year, Uber reported a net loss of $865 million in the fourth quarter. That figure, however, was aided by a tax benefit that saved the company from reporting a $1.2 billion net loss in the period. On an adjusted, pro-forma basis, Uber’s net loss in the final… Continue reading Uber reports $3B in Q4 revenue, rising operating losses
Audi unveils design of Q4 e-tron – a new all-electric compact SUV
With new design sketches, Audi is today unveiling the design of the Q4 e-tron – a new all-electric compact SUV to go into production in “late 2020/early 2021.” We first heard of the vehicle last month when Andreas Mindt, Head Exterior Design at Audi, confirmed that the German premium automaker plans to unveil a “smaller e-tron SUV”. At… Continue reading Audi unveils design of Q4 e-tron – a new all-electric compact SUV
GM’s $25M stock incentive plan for Cruise chief Dan Ammann points to IPO – Autoblog – Autoblog
DETROIT — General Motors on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business. The No. 1 U.S. automaker disclosed a long-term compensation plan that incentivizes Dan Ammann, chief executive of the Cruise unit, to develop the technology… Continue reading GM’s $25M stock incentive plan for Cruise chief Dan Ammann points to IPO – Autoblog – Autoblog
Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
SAN FRANCISCO (Reuters) – Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. FILE PHOTO: Uber’s logo is displayed on… Continue reading Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
AAM Reports Fourth Quarter and Full Year 2018 Financial Results
DETROIT, Feb. 15, 2019 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2018 and confirmed its full year 2019 financial outlook. Fourth Quarter 2018 Results Sales of $1.69 billion Net loss attributable to AAM of $361.8 million, or (21.4)% of sales, which… Continue reading AAM Reports Fourth Quarter and Full Year 2018 Financial Results
China’s BAIC Motor slips on profit-booking
China car sales dropped 13 per cent in December. Shares in BAIC Motor Corp Ltd slip about 1 per cent, after gaining as much as 3.2 per cent earlier in the session, as investors locked in profit following the passenger vehicle maker’s 2018 profit estimate. As of previous close, stock surged 22.74 per cent so… Continue reading China’s BAIC Motor slips on profit-booking
Carmakers cut their PCP prices to kickstart Q1
Car manufacturers have adjusted their retail offer strategies to kickstart the year with a 4.4% drop in the average monthly prices of PCP deals, to £311.40, according to AM’s latest quarterly data. The increased affordability across manufacturers’ model ranges is in contrast to the 5.5% quarterly rise seen in Q4 2018. AM’s analysis of 259… Continue reading Carmakers cut their PCP prices to kickstart Q1
GM’s new EV only costs $3400 but there’s a small catch
The catch is it’s an electric bicycle. GM has now joined a number of other automotive companies that have jumped into the rapidly growing electric bicycle industry. GM introduces ARĪV electric bicycle GM announced a $10,000 contest last November to crowdsource a name for its upcoming electric bicycle. Today the automaker announced the winning name: ARĪV… Continue reading GM’s new EV only costs $3400 but there’s a small catch
NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2019
Quarterly revenue of $2.21 billion, down 24 percent from a year ago Record full-year revenue of $11.72 billion, up 21 percent from a year ago Record full-year revenue from Gaming, Datacenter, Professional Visualization and Automotive NVIDIA today reported revenue for the fourth quarter ended Jan. 27, 2019, of $2.21 billion, down 24 percent from $2.91… Continue reading NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2019