Industry Financial Reports

Penske: Q3 Earnings Snapshot

BLOOMFIELD HILLS, Mich. (AP) _ Penske Automotive Group Inc. (PAG) on Wednesday reported third-quarter profit of $340.1 million. On a per-share basis, the Bloomfield Hills, Michigan-based company said it had profit...

Group 1 Automotive: Q3 Earnings Snapshot

HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Wednesday reported third-quarter net income of $195.7 million. On a per-share basis, the Houston-based company said it had net income of $12.48....

GM sidesteps economic headwinds; Q3 profit jumps nearly 37%

By TOM KRISHERAP Auto Writer DETROIT (AP) _ General Motors' third-quarter net profit rose 36.7% as vehicle sales began to rebound from persistent parts supply chain troubles. The...

Dorman Products: Q3 Earnings Snapshot

COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Monday reported third-quarter profit of $30.6 million. The Colmar, Pennsylvania-based company said it had profit of 97 cents per share....

Tesla 3Q profit more than doubles from a year ago to $3.29B

By TOM KRISHERAP Auto Writer DETROIT (AP) _ Tesla reported Wednesday that its third-quarter profit more than doubled from a year ago, fueled by higher vehicle sales.

Lithia Motors: Q3 Earnings Snapshot

MEDFORD, Ore. (AP) _ Lithia Motors Inc. (LAD) on Wednesday reported third-quarter profit of $329.6 million. On a per-share basis, the Medford, Oregon-based company said it had net income of $11.92....

CarMax: Fiscal Q2 Earnings Snapshot

RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Thursday reported fiscal second-quarter profit of $125.9 million. On a per-share basis, the Richmond, Virginia-based company said it had net income of 79...

eneral Motors reinstates dividend suspended in pandemic

Associated Press DETROIT (AP) _ General Motors will reinstate quarterly dividend payments that were suspended during the pandemic that shut down its factories. The automaker said Friday that the dividend...

China Automotive Systems: Q2 Earnings Snapshot

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Friday reported second-quarter earnings of $9.4 million. On a per-share basis, the Jingzhou, China-based company said it had profit of 31...

Rivian Automotive: Q2 Earnings Snapshot

IRVINE, Calif. (AP) _ Rivian Automotive, Inc. (RIVN) on Thursday reported a loss of $1.71 billion in its second quarter. The Irvine, California-based company said it had a loss of...