(Adds comments from French, Italian unions) PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and… Continue reading UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
Tag: Financial Results
BorgWarner Reports Third Quarter 2019 U.S. GAAP Net Earnings Of $0.94 Per Diluted Share, Or $0.96 Per Diluted Share Excluding Non-Comparable Items
AUBURN HILLS, Mich., Oct. 31, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today reported third quarter results. Third Quarter Highlights: U.S. GAAP net sales of $2,492 million, up 0.6% compared with third quarter 2018. Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, net sales were up 4.5% compared with… Continue reading BorgWarner Reports Third Quarter 2019 U.S. GAAP Net Earnings Of $0.94 Per Diluted Share, Or $0.96 Per Diluted Share Excluding Non-Comparable Items
Delphi Technologies reports third quarter results, announces cost reduction plan to accelerate profitable growth
LONDON, Oct. 31, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) today announced financial results for its third quarter 2019. Q3 2019 results Revenue Operating Income Operating Income Margin Net Income per Share – Diluted Cash From Operations GAAP $1.0 B $45 M 4.4% $0.16 $59 M vs. Q3 2018 (11)%… Continue reading Delphi Technologies reports third quarter results, announces cost reduction plan to accelerate profitable growth
AUDI AG: Robust figures for the third quarter
In a challenging second half of the year, the Audi Group stabilized its deliveries and posted robust figures for the third quarter. Adjusted for the effects of deconsolidating the multi-brand importers, revenue was higher than in the prior-year period. Operating profit reflects the decrease in deliveries and ongoing high upfront expenditure for the future. Cash… Continue reading AUDI AG: Robust figures for the third quarter
UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019.… Continue reading UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
RUEIL-MALMAISON, France and LONDON, Oct. 31, 2019 /PRNewswire/ — The combination would create the 4th largest global OEM in terms of annual unit sales (8.7m vehicles) At its inception, the combined company would realize among the highest margins in the markets where it would operate, based on FCA’s strength in North America and Latin America and… Continue reading Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
Lyft Announces Record Third Quarter Results
Third quarter revenue grew to $956 million, up 63% year-over-yearRaising outlook for fiscal 2019 SAN FRANCISCO, Oct. 30, 2019 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2019. “Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability. Record revenue… Continue reading Lyft Announces Record Third Quarter Results
Elon Musk says shifting SolarCity workers helped Tesla stay afloat
Jef Feeley and Dana Hull, Bloomberg Published 9:45 a.m. ET Oct. 30, 2019 | Updated 9:54 a.m. ET Oct. 30, 2019 Tesla Inc. chief executive officer Elon Musk said he shifted resources from the solar company he bought three years ago to save his electric-car company from bankruptcy while it was ramping up production of… Continue reading Elon Musk says shifting SolarCity workers helped Tesla stay afloat
FCA to pay 5.5 bln euro dividend, PSA to spin off Faurecia stake in proposed tie-up plan-sources
FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019. REUTERS/Regis Duvignau/ MILAN (Reuters) – Fiat Chrysler (FCHA.MI) will pay its shareholders a 5.5 billion euro ($6.1 billion) special dividend under a proposed tie-up scheme with French rival Peugeot (PEUP.PA), two sources close to the matter said on… Continue reading FCA to pay 5.5 bln euro dividend, PSA to spin off Faurecia stake in proposed tie-up plan-sources
LG ANNOUNCES THIRD-QUARTER 2019 FINANCIAL RESULTS
Highest Third-Quarter Sales in History, Best Profitability in Decade SEOUL, Oct. 30, 2019 — LG Electronics Inc. (LG) announced record-breaking third-quarter consolidated revenues of KRW 15.7 trillion (USD 13.15 billion) and operating profit of KRW 781.4 billion (USD 654.4 million) for the July-September period. Sales increased 1.8 percent and operating income was 4.4 percent higher… Continue reading LG ANNOUNCES THIRD-QUARTER 2019 FINANCIAL RESULTS