Tag: Financial Results

BRIEF-Fiat Chrysler CEO says next investment cycle will take time to happen

April 26 (Reuters) – Fiat Chrysler Automobiles CEO Sergio Marchionne: * COMMENTING ON LOWER DEBT IN Q1, SAYS CURRENT INVESTMENT CYCLE COMING TO AN END, NEXT PHASE WILL TAKE TIME TO MATERIALISE Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles. Go to Source

Visteon Announces First-Quarter 2018 Results

View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results

Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion

Buy Photo Fiat Chrysler Automobiles headquarters, located in Auburn Hills. (Photo: Eric Seals, Detroit Free Press)Buy Photo Fiat Chrysler Automobiles said Thursday it earned a profit of $1.2 billion (1 billion euro) during the first quarter, a nearly 60% gain over the same period a year ago, driven in part by a jump in worldwide Jeep… Continue reading Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion

British engine manufacturing dips in March but Q1 output still up 5%

26 April 2018 #SMMT News #UK Manufacturing UK engine production dips -3.7% in March as demand from UK car plants falls for second month. Exports provide counterweight to domestic market challenges, up 4.8% in the month and 12.1% YTD. Q1 demand remains 5.0% above 2017 levels, with more than 780,000 engines made in Britain so… Continue reading British engine manufacturing dips in March but Q1 output still up 5%

Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook

SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018.  Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook

Seat shoots its profit up to 51.4% until March due to the positive effect on the sales ‘mix’

Posted 04/26/2018 11: 35: 53CET WOLFSBURG (GERMANY), Apr. 26 (EUROPA PRESS) – Seat achieved an operating profit of 85 million euros in the first quarter of the year, which represents a “strong” increase of 51.4% compared to the 56 million posted in the same period of the previous year. The company, owned by the German… Continue reading Seat shoots its profit up to 51.4% until March due to the positive effect on the sales ‘mix’

(2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(ATTN: ADDS analyst comment and stock price in paras 5-8) By Choi Kyong-ae SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. In an earnings shock, net profit for the… Continue reading (2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand

(ATTN: ADDS details in paras 3-4) SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent on the strong won and sluggish demand in China. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9… Continue reading (LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand

Hyundai Mobis Q1 net falls 39 pct on weak demand

SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent as demand from major clients remained weak. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9 billion won a year earlier, the company said… Continue reading Hyundai Mobis Q1 net falls 39 pct on weak demand