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Autoblog Earnings/Financials



 



GM Korea delays vote on bankruptcy protection to Monday as talks fail

Fri, 20 Apr 2018 11:00:00 EDT

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(image) General Motors' South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labor union in time to meet a Friday deadline.

Continue reading GM Korea delays vote on bankruptcy protection to Monday as talks fail

GM Korea delays vote on bankruptcy protection to Monday as talks fail originally appeared on Autoblog on Fri, 20 Apr 2018 11:00:00 EDT. Please see our terms for use of feeds.

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Honda Ridgeline, Ford Ecosport and Tesla profits | Autoblog Podcast #537

Thu, 19 Apr 2018 15:01:00 EDT

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(image) On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Green Editor John Beltz Snyder and Associate Editor Joel Stocksdale. We talk about driving the 2018 Ford Ecosport and Hyundai Accent. Joel tells us why he loves the naturally aspirated engine in our long-term Honda Ridgeline. We discuss Tesla's profitability claims, Johan de Nysschen leaving Cadillac and a possible date change for the Detroit Auto Show. As usual, we'll also spend a listener's money on a car.

Continue reading Honda Ridgeline, Ford Ecosport and Tesla profits | Autoblog Podcast #537

Honda Ridgeline, Ford Ecosport and Tesla profits | Autoblog Podcast #537 originally appeared on Autoblog on Thu, 19 Apr 2018 15:01:00 EDT. Please see our terms for use of feeds.

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Media Files:
http://media.blubrry.com/autoblog_podcast/podcasts.aolcdn.com/autoblog/podcasts/04-19-18-autoblog-E537.mp3




Senate votes to kill rule against discriminatory auto lending

Wed, 18 Apr 2018 15:25:00 EDT

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(image) The U.S. Senate on Wednesday invalidated Obama-era guidance aimed at preventing auto lenders from charging borrowers higher rates based on factors such as race or national origin. The Senate voted 51 to 47 to disapprove the guidance, which was issued in 2013 by the Consumer Financial Protection Bureau and regarded by critics as an overstep of the agency's powers.

Continue reading Senate votes to kill rule against discriminatory auto lending

Senate votes to kill rule against discriminatory auto lending originally appeared on Autoblog on Wed, 18 Apr 2018 15:25:00 EDT. Please see our terms for use of feeds.

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Tesla to be profitable in Q3, Q4 Musk tweets

Fri, 13 Apr 2018 09:20:00 EDT

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(image) Silicon Valley billionaire Elon Musk said on Friday his Tesla Inc company will not need to raise any money this year because the electric car maker will have positive cash flow and be profitable in the third and fourth quarter.

Continue reading Tesla to be profitable in Q3, Q4 Musk tweets

Tesla to be profitable in Q3, Q4 Musk tweets originally appeared on Autoblog on Fri, 13 Apr 2018 09:20:00 EDT. Please see our terms for use of feeds.

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GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss

Fri, 13 Apr 2018 08:51:00 EDT

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(image) General Motors Co's president said common ground must be reached on a long-term financial restructuring of GM's South Korean auto unit by next Friday and if there was none, the operation would likely seek bankruptcy protection.

Continue reading GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss

GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss originally appeared on Autoblog on Fri, 13 Apr 2018 08:51:00 EDT. Please see our terms for use of feeds.

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South Korea urges GM-union deal after autoworkers ransack CEO's office

Fri, 06 Apr 2018 18:20:00 EDT

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(image) South Korea on Friday urged General Motors' local subsidiary and labor union to reach a wage deal swiftly, after the automaker failed to make bonus payments — and triggered a violent protest in which workers ransacked GM's executive offices.

Continue reading South Korea urges GM-union deal after autoworkers ransack CEO's office

South Korea urges GM-union deal after autoworkers ransack CEO's office originally appeared on Autoblog on Fri, 06 Apr 2018 18:20:00 EDT. Please see our terms for use of feeds.

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Beijing says it will fight back as Trump triples down on tariff threat

Fri, 06 Apr 2018 09:00:00 EDT

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(image) China warned on Friday it would fight back "at any cost" with fresh trade measures if the United States continues on its path of protectionism, hours after President Donald Trump threatened to slap tariffs on an additional $100 billion in Chinese goods. This atop the $50 billion in tariffs detailed by the U.S. earlier this week, which were immediately met by an equal amount from China.

Continue reading Beijing says it will fight back as Trump triples down on tariff threat

Beijing says it will fight back as Trump triples down on tariff threat originally appeared on Autoblog on Fri, 06 Apr 2018 09:00:00 EDT. Please see our terms for use of feeds.

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As it did with Ferrari, Fiat Chrysler spinning off Magneti Marelli

Thu, 05 Apr 2018 08:35:00 EDT

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(image) Fiat Chrysler said on Thursday its board had tasked management to proceed with spinning off Magneti Marelli and distributing shares in a new holding for the 99-year old parts business to FCA investors.

Continue reading As it did with Ferrari, Fiat Chrysler spinning off Magneti Marelli

As it did with Ferrari, Fiat Chrysler spinning off Magneti Marelli originally appeared on Autoblog on Thu, 05 Apr 2018 08:35:00 EDT. Please see our terms for use of feeds.

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Automakers' March sales went out like a lion; Jeep sales up 45 percent

Tue, 03 Apr 2018 19:10:00 EDT

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(image) Major automakers on Tuesday reported higher new vehicles sales for March on the back of a strong U.S. economy and big consumer discounts, sending shares in Detroit's automakers up.

Continue reading Automakers' March sales went out like a lion; Jeep sales up 45 percent

Automakers' March sales went out like a lion; Jeep sales up 45 percent originally appeared on Autoblog on Tue, 03 Apr 2018 19:10:00 EDT. Please see our terms for use of feeds.

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Tesla reports official Model 3 numbers, says no need to raise capital

Tue, 03 Apr 2018 10:17:00 EDT

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(image) Tesla quashed any speculation it might need to raise more capital this year on Tuesday, driving the company's battered shares higher as it announced it built 2,020 of its Model 3 sedans in the last seven days of March.

Continue reading Tesla reports official Model 3 numbers, says no need to raise capital

Tesla reports official Model 3 numbers, says no need to raise capital originally appeared on Autoblog on Tue, 03 Apr 2018 10:17:00 EDT. Please see our terms for use of feeds.

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GM will stop reporting monthly U.S. vehicle sales

Tue, 03 Apr 2018 08:49:00 EDT

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(image) General Motors said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market, and will instead issue quarterly sales.

Continue reading GM will stop reporting monthly U.S. vehicle sales

GM will stop reporting monthly U.S. vehicle sales originally appeared on Autoblog on Tue, 03 Apr 2018 08:49:00 EDT. Please see our terms for use of feeds.

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Tesla stock falls another 5 percent ahead of Model 3 production report

Mon, 02 Apr 2018 09:05:00 EDT

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(image) Shares of Tesla fell 5 percent in premarket trading on Monday ahead of the electric car maker's announcement of quarterly production numbers for its crucial Model 3 sedan.

Continue reading Tesla stock falls another 5 percent ahead of Model 3 production report

Tesla stock falls another 5 percent ahead of Model 3 production report originally appeared on Autoblog on Mon, 02 Apr 2018 09:05:00 EDT. Please see our terms for use of feeds.

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Tesla stock recovers a bit as company pushes to hit Model 3 target

Fri, 30 Mar 2018 08:46:00 EDT

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(image) Tesla shares rose on Thursday ahead of the expected release next week of the company's quarterly auto production data, while a senior executive urged workers at the automaker to hit a weekly production target of 2,500 Model 3 sedans by the end of March.

Continue reading Tesla stock recovers a bit as company pushes to hit Model 3 target

Tesla stock recovers a bit as company pushes to hit Model 3 target originally appeared on Autoblog on Fri, 30 Mar 2018 08:46:00 EDT. Please see our terms for use of feeds.

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Tesla Model 3 production ‘going to be worse before it gets better’

Thu, 29 Mar 2018 15:45:00 EDT

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(image) Gene Munster, an analyst from Loup Ventures, said on Bloomberg that Tesla is "probably going to miss" its Model 3 production targets this quarter, but that the news won't be a surprise to investors. "It's going to be worse before it gets better," he said. Munster told Bloomberg that he predicts that Tesla will be able to churn out between 1,500 and 2,000 Model 3s per week, falling far short of the company's goal of 2,500 per week.

Continue reading Tesla Model 3 production ‘going to be worse before it gets better’

Tesla Model 3 production ‘going to be worse before it gets better’ originally appeared on Autoblog on Thu, 29 Mar 2018 15:45:00 EDT. Please see our terms for use of feeds.

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Nissan, Renault in talks to merge as one company

Thu, 29 Mar 2018 13:50:00 EDT

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(image) Nissan and Renault have been tied together as an alliance for nearly 20 years, but now the Japanese and French automakers are discussing whether to merge. Bloomberg, citing unidentified sources familiar with the confidential talks, reports that the idea is to form a single publicly traded company to better compete against giants like Toyota and Volkswagen.

Continue reading Nissan, Renault in talks to merge as one company

Nissan, Renault in talks to merge as one company originally appeared on Autoblog on Thu, 29 Mar 2018 13:50:00 EDT. Please see our terms for use of feeds.

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Tesla shares fall sharply for second straight day

Wed, 28 Mar 2018 12:10:00 EDT

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(image) NEW YORK — Tesla Inc shares fell more than 9 percent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production.

Continue reading Tesla shares fall sharply for second straight day

Tesla shares fall sharply for second straight day originally appeared on Autoblog on Wed, 28 Mar 2018 12:10:00 EDT. Please see our terms for use of feeds.

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Daimler, BMW to combine car-sharing businesses

Wed, 28 Mar 2018 10:50:00 EDT

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(image) FRANKFURT — German carmakers Daimler and BMW have joined forces to expand their businesses in new services such as car-sharing and electric vehicle charging, raising their full-year guidance to reflect the deal.

Continue reading Daimler, BMW to combine car-sharing businesses

Daimler, BMW to combine car-sharing businesses originally appeared on Autoblog on Wed, 28 Mar 2018 10:50:00 EDT. Please see our terms for use of feeds.

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Tesla bonds, stock fall as Moody's downgrades the company

Tue, 27 Mar 2018 21:22:00 EDT

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(image) Tesla saw its bonds and stocks fall sharply Tuesday on a double-dose of bad news: a downgrade from Moody's and word of an investigation into the fatal crash of one of its vehicles.

Continue reading Tesla bonds, stock fall as Moody's downgrades the company

Tesla bonds, stock fall as Moody's downgrades the company originally appeared on Autoblog on Tue, 27 Mar 2018 21:22:00 EDT. Please see our terms for use of feeds.

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Tesla shareholders approve Elon Musk's $2.6 billion compensation plan

Thu, 22 Mar 2018 09:15:00 EDT

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(image) Shareholders of electric car company Tesla approved a compensation package potentially worth $2.6 billion for Chief Executive Officer Elon Musk on Wednesday, though by a lower margin than U.S. CEOs typically receive on pay votes.

Continue reading Tesla shareholders approve Elon Musk's $2.6 billion compensation plan

Tesla shareholders approve Elon Musk's $2.6 billion compensation plan originally appeared on Autoblog on Thu, 22 Mar 2018 09:15:00 EDT. Please see our terms for use of feeds.

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Ford's $11 billion plan for hybrids and EVs — a closer look

Fri, 16 Mar 2018 12:25:00 EDT

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(image) Yesterday, Ford offered up a buffet of information. Along with Bronco news, GT500 teasing and the announcement of Ford Co-Pilot360 driver assistance becoming standard across its entire lineup, Ford also reaffirmed its commitment to electrification. Specifically, the company announced an $11 billion investment in electrification, reiterating plans to introduce 13 new electrified vehicles around the world in the next five years.

Continue reading Ford's $11 billion plan for hybrids and EVs — a closer look

Ford's $11 billion plan for hybrids and EVs — a closer look originally appeared on Autoblog on Fri, 16 Mar 2018 12:25:00 EDT. Please see our terms for use of feeds.

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