Magna Q4 earnings plummet
The quarterly and annual earnings drops for Magna, the world's fourth-largest supplier by annual sales to automakers, reflect the broader financial struggles parts suppliers have faced during the last year......»»
4 big takeaways from Rivian"s Q1 earnings report
Rivian reported a $1.45 billion net loss in the first quarter, higher than a year earlier. But it also laid out a roadmap for slashing production costs and launching a more affordable EV in 2026......»»
5 key takeaways from Toyota"s record earnings report
Under first-year CEO Koji Sato, Toyota reported a blockbuster fiscal year of records, from sales to profits. Here are five top takeaways from the automaker's earnings conference......»»
Earnings at Continental, Vitesco slump in Q1, mirroring broader auto declines
Continental swung to a loss amid delays in new programs, lower production volumes in Europe, and salary and wage inflation......»»
Mitsubishi eyes U.S. market EV from Nissan as North America takes center stage
Mitsubishi CEO Takao Kato books record operating income and says North America has swapped places with Southeast Asia to become its earnings engine......»»
CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production
Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
Fisker files for reorganization in Austria after production idled; Magna cutting 500 jobs
Fisker said the move gives it 'breathing room to protect its business while it conducts a value-maximizing strategic transaction or other sale of assets.'.....»»
Ferrari posts 13% rise in quarterly earnings amid flat deliveries
Adjusted earnings before interest, taxes, depreciation and amortization climbed 13 percent in the period, to €605 million......»»
Magna Steyr to cut 500 jobs in Austria after Fisker idles production
The job cuts come as production of key models is halted or comes to an end, including the Fisker Ocean, BMW 5 Series, and the Jaguar E-Pace and I-Pace......»»
Rivian to report Q1 earnings as EV maker cuts costs, prepares new models
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year......»»
Openlane Q1 earnings: Net income rises 46%; revenue down 1%
Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter......»»
Morgan Stanley hikes Apple stock target after unexpectedly positive earnings
Despite a recent Apple stock price target cut bank Morgan Stanley is amongst Apple's biggest bulls — and it has proven that by nudging the company's price target up to $216.An Apple Store signMorgan Stanley was oddly bullish about Apple even as it.....»»
From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace......»»
Magna adds 363 jobs at 3 operations in Michigan
Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi and an R&D center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
Analysis paralysis - hot takes from investment firms in the wake of Apple earnings
Apple had a pretty good quarter despite China weakness, defying analysts' doom-and-gloom predictions. Here's what some of them think on the morning after.Apple's iPhone results may indicate China's buying higher-priced modelsThursday saw Apple CEO Ti.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
Apple blows away Wall Street earnings estimates, even with weak China iPhone sales
Apple has released its financial results for the Q2 2024 quarter, with earnings beating predictions despite China iPhone fears.Apple beat earnings estimatesFollowing after the improved Q1 2024 results, Apple has issued its Q2 results. Typically the s.....»»