Tesla 2Q profit drops from 1Q, but company beats estimates
By TOM KRISHERAP Auto Writer
DETROIT (AP) _ Tesla's second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China...
Lithia Motors: Q2 Earnings Snapshot
MEDFORD, Ore. (AP) _ Lithia Motors Inc. (LAD) on Wednesday reported second-quarter earnings of $331.3 million.
The Medford, Oregon-based company said it had profit of $11.60 per share. Earnings, adjusted for...
Chip shortage leaves 95K GM vehicles unfinished in storage
DETROIT (AP) _ The global shortage of computer chips and other parts forced General Motors to build 95,000 vehicles without certain components during the second quarter.
The Detroit automaker said in a regulatory...
CarMax: Fiscal Q1 Earnings Snapshot
RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Friday reported fiscal first-quarter earnings of $252.3 million.
The Richmond, Virginia-based company said it had profit of $1.56 per share.
Monro: Fiscal Q4 Earnings Snapshot
ROCHESTER, N.Y. (AP) _ Monro Muffler Brake Inc. (MNRO) on Thursday reported fiscal fourth-quarter net income of $8.6 million.
The Rochester, New York-based company said it had profit of...
Japan’s Honda sees profit slide on chips, material cost woes
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) _ Honda's fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and...
Tata Motors: Fiscal Q4 Earnings Snapshot
MUMBAI, India (AP) _ Tata Motors Ltd. (TTM) on Thursday reported a loss of $137.4 million in its fiscal fourth quarter.
The Mumbai, India-based company said it had a...
Japan’s Nissan returns to profit despite chips shortages
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) _ Japanese automaker Nissan returned to profitability in the last fiscal year for the first time in three years, despite challenges such as supply shortages...
Rivian Automotive: Q1 Earnings Snapshot
IRVINE, Calif. (AP) _ Rivian Automotive, Inc. (RIVN) on Wednesday reported a loss of $1.59 billion in its first quarter.
The Irvine, California-based company said it had a loss of...
Toyota’s quarterly profit down on COVID parts crunch
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) _ Toyota's profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings.