Industry Financial Reports

Honda returns to quarterly profit despite pandemic damage

By YURI KAGEYAMAAP Business Writer TOKYO (AP) _ Honda swung into the black in January-March, recording a 213 billion yen ($2 billion) profit despite the lingering impact of the pandemic.

China Automotive Systems: Q1 Earnings Snapshot

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Wednesday reported first-quarter net income of $3.2 million. The Jingzhou, China-based company said it had profit of 10 cents per share.

Japan’s Toyota says profit soared in Jan-March

By YURI KAGEYAMAAP Business Writer TOKYO (AP) _ Toyota reported Wednesday its profit more than doubled in January-March from a year earlier to 777 billion yen ($7 billion), as the Japanese automaker's...

Japan’s Nissan sees smaller loss, promises sales recovery

By YURI KAGEYAMAAP Business Writer TOKYO (AP) _ Nissan reduced its losses in the January-March quarter as restructuring efforts kicked in, despite damage to sales from the coronavirus pandemic, the Japanese automaker said...

China propels BMW to strong profits

By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) _ Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the...

Lear: Q1 Earnings Snapshot

SOUTHFIELD, Mich. (AP) _ Lear Corp. (LEA) on Friday reported first-quarter net income of $203.7 million. The Southfield, Michigan-based company said it had profit of $3.36 per share. Earnings,...

Cars.com: Q1 Earnings Snapshot

CHICAGO (AP) _ Cars.com Inc. (CARS) on Thursday reported first-quarter net income of $5.3 million, after reporting a loss in the same period a year earlier. The Chicago-based company...

Volkswagen profits jump as China leads pandemic rebound

By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) _ Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as sales...

Stellantis reports 14% increase in first quarter

By COLLEEN BARRYAP Business Writer MILAN (AP) _ The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported Wednesday a 14% increase in first-quarter revenues, despite...

GM profit surges to $2.98B on sales of higher-margin trucks

By TOM KRISHERAP Auto Writer Detroit (AP) _ General Motors' first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by...