Category Archives: financial results

VW Ending Collective Bargaining Agreements. Strikes Loom?

Posted on 2 October 2026 by Ken Zino

Representatives of Volkswagen AG and IG Metall met this week in Hanover to discuss what was once unthinkable. Continue reading →

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Porsche Sells Its Bets on Bugatti Rimac and Rimac Group

Posted on 9 September 2026 by Ken Zino

Financially ailing Porsche said today that the sale of its stakes in Bugatti Rimac and Rimac Group have been sold. Continue reading →

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Trump-Conomics = Everybody Loses a U.S.-Canada Trade War

Posted on 28 August 2026 by Ken Zino

AutoInformed fully agrees with CAR and Abraham Lincoln. This is not a U.S. Government of the people, by the people and for the people. AutoInformed is against tariffs by tyrants or kings. Continue reading →

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Penske Automotive Group Take Private Proposal Advisors Set

Posted on 11 August 2026 by Ken Zino

The Board established the Special Committee to review and consider the unsolicited, preliminary and non-binding proposal received by the Board on July 22, 2026 from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own for cash consideration of $210 per share (the “Proposal”).

“There can be no assurance as to whether an agreement relating to the Proposal or any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company’s shareholders do not need to take any action at this time,” PAG said. Continue reading →

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Federal Offense! Higher Prices, Transportation Costs, and Other Economic Blows From King Trump Tariffs

Posted on 6 August 2026 by Ken Zino

“We’ve heard over and over again from Michiganders that DC Republicans’ irresponsible tariffs are hurting their pocketbooks, and these newest reports back that up,” said Governor Whitmer. “Michiganders are facing higher prices at the grocery store and the gas pump, and businesses are having to choose between laying off employees or passing costs onto customers. That’s why Michigan is among two dozen states suing over this latest round of tariffs. I’ll keep fighting for a commonsense trade policy that lowers costs, supports businesses at home, and promotes stability for working families. Let’s get it done.” Continue reading →

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Toyota Motor Posts Strong Q1 FY 2027 Results

Posted on 4 August 2026 by Ken Zino

“Although there were various changes in the operating environment during the first quarter, we were able to deliver results close to the previous year’s level. I believe this reflects the efforts made across our workplaces to respond quickly to changing conditions, including measures to mitigate the impact of the situation in the Middle East,” said Takanori Azuma, Chief Officer, Accounting Group. Continue reading →

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Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year

Posted on 3 August 2026 by Ken Zino

“The environment remains challenging, particularly in China and the Middle East, but our direction is clear. We are managing disruption where it exists, building momentum where we see opportunity, and executing Re:Nissan with discipline and urgency,” said CEO Ivan Espinoza. Continue reading →

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Magna International Posts Record Q2 Earnings per Share

Posted on 31 July 2026 by Ken Zino

Magna International (TSX: MG; NYSE: MGA) today reported relatively strong financial results for the second quarter ending 30 June 2026 and H1 2026. Income from operations before income taxes increased 21% to $599 million. Diluted earnings per share were $1.72; Adjusted EPS increased 29% to $1.86, a record for the second quarter. Magna also increased its full year forecast for Adjusted EBIT margin, Adjusted EPS and Free Cash Flow.

“Our strong second-quarter results reflect solid operating performance, disciplined execution, and further progress against our strategic priorities. Supported by record second-quarter adjusted EPS, strong free cash flow, and confidence in our business and global team, we are raising our 2026 outlook. As we look ahead, we remain focused on delivering profitable growth, expanding margins, generating cash, and returning capital to shareholders, while remaining agile in a dynamic global environment,” said Swamy Kotagiri, Chief Executive Officer. Continue reading →

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Stellantis Posts a Modest Q2 2026 Net Profit of €0.3 Billion

Posted on 30 July 2026 by Ken Zino

“The second quarter was marked by continued progress, led by North America and supported by important contributions from all other regions. We improved performance across our key financial metrics with Net revenues, AOI and Industrial free cash flows all showing significant gains. With implementation of our FaSTLAne 2030 strategy well underway and this year’s exciting new product launches on time and on track, we remain confident of delivering our 2026 financial guidance,” said Antonio Filosa, CEO. Continue reading →

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Penske Automotive Group Posts Q2 2026 Earnings Decline

Posted on 29 July 2026 by Ken Zino

“In the second quarter of 2026, our diversified business delivered over 125,000 retail automotive units and more than 5400 commercial truck units. Retail automotive same-store revenue increased 6%. Retail automotive new and used vehicle gross profit per unit remained strong and consistent when compared to the first quarter of 2026, and service and parts gross margin increased by 80 basis points. Additionally, I am encouraged with the trends we are experiencing across the commercial truck market from an improved freight environment, driving strong orders of Class 8 trucks,” Chair Roger Penske said. Continue reading →

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Stellantis Sells Free2move to a Private Equity Firm

Posted on 28 July 2026 by Ken Zino

Stellantis and Mutares said today that they have an agreement for the sale of Stellantis’ entire shareholding in the Free2move car-sharing business to Mutares. The transaction is expected to conclude by the end of 2026, subject to customary closing conditions. This strategy move of shedding companies is a core part of Stellantis’ FaSTLAne 2030 plan. Under it, financially ailing Stellantis will focus investments and resources to the regions, brands and technologies that it thinks can generate the strongest returns. Continue reading →

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Penske Automotive Group Increases Dividend Again!

Posted on 23 July 2026 by Ken Zino

Penske Automotive Group, Inc. (NYSE: PAG) today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company’s 23rd consecutive quarterly dividend increase. It comes as a proposal to take PAG private for $210 per share was announced.*

“Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy,” said Robert H. Kurnick, Jr., President of Penske Automotive Group. “We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions.” The dividend is payable September 1, 2026, to shareholders of record as of 14 August 2026. Continue reading →

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Take Private Offer Made to Penske Automotive Group!

Posted on 23 July 2026 by Ken Zino

Late yesterday, the Penske Automotive Group (NYSE: PAG)* announced that it had received an unsolicited, preliminary and non-binding proposal from Penske Corporation (PC) and Mitsui & Co. (Mitsui) to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own “for cash consideration of $210 per share.”

“The Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached,” PAG said. Continue reading →

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GM Posts H1 2026 Earnings of $1.3B. Raises Guidance Again

Posted on 21 July 2026 by Ken Zino

“The business continues to perform very well. Customer demand in North America remains strong driven by our very attractive lineup of pickups and SUVs. Pricing is consistent, and we delivered the best quarter and first half ever for new Super Cruise-equipped vehicles. Our 8.6% EBIT-adjusted margin in North America was up 2.5 points from a year ago, and we continue to lower our warranty costs, reduce EV losses, and increase operating efficiency. In addition, GM International, inclusive of our China joint ventures, was profitable,” said Mary Barra GM chair and CEO. Continue reading →

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Volvo Cars Posts Grim Q2 2026 Operating Results

Posted on 17 July 2026 by Ken Zino

Volvo Cars (VOLCAR B: STO. ADR OTC VLVCY) today released its financial results for the second quarter of 2026. The news was grim as revenue, free cash flow and retail sales showed drops of -17%. -5.2% and – 6% respectively compared to Q2 2025. However, the Q2 EBIT margin was a razor thin +1.1%, which buys the Chinese-owned company more time to revitalize itself. [10.6% EBIT Q2 2025 AutoCrat.]

“In this very challenging external environment, we made progress on our strategic actions,” claimed Håkan Samuelsson, president and CEO. “This gives us the momentum and confidence that the second half of the year will improve compared to the first six months.” Continue reading →

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