Tag: Financial Results

UPDATE 1-Hyundai Motor posts big profit miss on U.S. recall costs; shares dive

SEOUL (Reuters) – Hyundai Motor (005380.KS) posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin as U.S. recall costs weighed. FILE PHOTO: A worker fixes the Hyundai logo on a vehicle at a plant of Hyundai Motor in Asan, south of Seoul, February 9, 2012. REUTERS/Lee Jae-Won/File… Continue reading UPDATE 1-Hyundai Motor posts big profit miss on U.S. recall costs; shares dive

Ford Delivers Third Quarter $1.0B Net Income; $1.7B Adj. EBIT; On Track to Achieve Full-Year Adjusted EPS Guidance in the Range of $1.30 to $1.50

About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Delivers Third Quarter $1.0B Net Income; $1.7B Adj. EBIT; On Track to Achieve Full-Year Adjusted EPS Guidance in the Range of $1.30 to $1.50

UPDATE 4-Tesla posts profit with Model 3 surge, shares jump

SAN FRANCISCO (Reuters) – Tesla pulled off what Chief Executive Elon Musk called an “historic quarter” for the electric carmaker on Wednesday, posting a profit, positive cash flow and fatter-than-expected margins as higher production volumes of its new Model 3 began to pay off. FILE PHOTO: A Tesla sales and service center is shown in… Continue reading UPDATE 4-Tesla posts profit with Model 3 surge, shares jump

UPDATE 2-Ford third-quarter profit beats estimates, shares rise

DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday reported slightly higher-than-expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up 7 percent after hours. The logo of the Ford Motor Company is seen outside a car dealership in Cape Town,… Continue reading UPDATE 2-Ford third-quarter profit beats estimates, shares rise

Tesla Releases Third Quarter 2018 Financial Results

PALO ALTO, Calif., Oct. 24, 2018 (GLOBE NEWSWIRE) — Tesla has released its financial results for the third quarter of 2018 by posting the current Update Letter on its Investor Relations website. Please visit http://ir.tesla.com to view the letter. As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 3:30… Continue reading Tesla Releases Third Quarter 2018 Financial Results

Groupe PSA: Q3 2018 Revenue +7.8% growth

Groupe PSA Q3 revenue at €15.4 billion[1] and YTD revenue up 29.1% at €54 billion; Peugeot Citroën DS (PCD) Automotive division revenue up 0.8%: Strong market share increase in Europe: +0.7 pt[2]; Negative impact of exchange rates especially in Argentina, Brazil and Turkey; Opel Vauxhall (OV) Automotive division revenue amounted to €3.9 billion; Consolidated worldwide… Continue reading Groupe PSA: Q3 2018 Revenue +7.8% growth

Volvo Cars Tech Fund invests in electric car charging company FreeWire

Volvo Cars Tech Fund invests in electric car charging company FreeWire   Volvo Cars has acquired a stake in electric car charging company FreeWire Technologies via the Volvo Cars Tech Fund, deepening the company’s commitment to a fully electric future.   While Volvo Cars’s electrification strategy does not envision direct ownership of charging or service… Continue reading Volvo Cars Tech Fund invests in electric car charging company FreeWire

News – Brexit countdown: the clock is ticking, but it is not yet too late to avoid the worst-case scenario!

As everyone is all too aware, the date for Brexit is just around the corner and a withdrawal agreement is yet to be concluded. Without an agreement on the withdrawal of the United Kingdom from the European Union, there simply can be no negotiations on the nature of the future trading relationship. Nor will there… Continue reading News – Brexit countdown: the clock is ticking, but it is not yet too late to avoid the worst-case scenario!

AV Maker Navya Ramps Up US Production

SALINE, MI – French autonomous-vehicle outfit Navya, which boasts of operating the first self-driving shuttle service in the world, begins production in North America after a successful IPO and brokers a supply agreement with a leading private-sector mobility services provider based in Cincinnati. Navya CEO Christophe Sapet says details about the partnership with First Transit,… Continue reading AV Maker Navya Ramps Up US Production