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- Lithia Q1 profit beats expectations as Chrysler business declines
Lithia Motors Inc., the ninth-largest U.S auto dealership group by new-vehicle sales in 2009, posted a quarterly profit on Tuesday that beat Wall Street estimates, boosted by higher sales of used cars.
Переслать - Continental makes Q1 profit; sales may beat forecast
Continental returned to a profit in the first quarter after eliminating jobs and delivering more components, and said full-year sales growth may beat its forecast.Переслать - Tesla gears up for Model S; plant announcement due soon
Tesla Motors Inc. expects to announce in the next several weeks that it has chosen a plant to produce its electric vehicles, CEO Elon Musk told Automotive News yesterday.Переслать - Toyota to recall Sequoia SUVs to repair stability control units
Toyota Motor Corp., which recalled Lexus GX sport-utility vehicles this month because stability controls failed to engage fast enough, is recalling Sequoia SUVs to adjust a control system that drivers say is too aggressive.Переслать - Marchionne faces tough challenge to match Ghosn's success
Four months before Fiat agreed to take management control of Chrysler, CEO Sergio Marchionne said he wanted to create one of the world's top five carmakers.Переслать - BMW replaces Toyota as most valuable global car brand
BMW has overtaken Toyota as the world's most valuable automotive brand, an annual ranking of the world's top brands shows.Переслать - Federal-Mogul Q1 profit of $15 million beats forecast
Auto parts maker Federal-Mogul Corp. posted a higher-than-expected quarterly profit today, propelled by savings from its restructuring last year and the recovery in auto production volumes.Переслать - Senator predicts passage of dealer FandI amendment
Sen. Sam Brownback, R-Kan., predicted Senate passage of an amendment he was filing to exempt dealer-assisted financing from oversight by a proposed consumer-protection agency.Переслать - Honda forecasts higher profit on N. America sales recovery
Honda forecast profit will rise 27 percent this fiscal year as auto demand recovers in North America, its largest market. Honda may boost net income to 340 billion yen ($3.6 billion) in the period ending March 31 from 268.Переслать - Sonic Q1 results better than year ago but less than Wall St. expected
Sonic Automotive, the third-largest U.S dealership group, today posted a quarterly profit that fell short of Wall Street estimates but beat year-ago results. First-quarter net income totaled $4.15 million or 8 cents per share.Переслать
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