- Mercedes-Benz to Increase Focus as a Luxury Car Company
- Lamborghini Joining IMSA GTP LMDh in 2024
- Record Auction Price – €135m for Mercedes-Benz 300 SLR
- NHTSA Consumer Advisory – 2021 Expedition, Navigator Fires
- EU Passenger Car Sales Drop 21% in April
- Europe’s Diesel Car Problem – 20% of the Market!
- ASEAN Light Vehicle Sales Still Soaring in March
- CARB to Open New SoCal Headquarters to Public
- Honda Title Sponsor of the 2022 F1 Japanese Grand Prix
- Restricted Sale of Genesis GV60 EV Starts Today at $60,000
- A Closer Look at Biden’s 49 MPG CAFE Standard
- Mercedes-Benz USA – Stop Driving ML, GL, R-Class Vehicles
- CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program
- Nissan Posts First Annual Profit in Three Years.
- Ford India Shelves EV Manufacturing Export Plans
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Category Archives: financial results
“We are now in a rapid launch cycle thanks to investments and initiatives we have undertaken across our entire company over the last several years,” said CEO and Chair Mary Barra in a letter to shareholders released with the earnings. Continue reading
Deliveries were up 8.4%, to 2,521,514 units, of which 13% were electrified vehicles (328,314 units, +70.4% YOY). Group revenues rose to.€111,239 million (prev. yr.: €98,990 million, +12.4%). Group net profit reached a new all-time high of €12,463 million (prev. yr.: €3,857 million, +223.1%). Continue reading
As a new company formed on 17 January 2021by the merger of Fiat Chrysler, aka FCA, and Peugeot or PSA, Stellantis today posted what it called record results for 2021 with an adjusted operating margin 11.8% on income of €18.0 … Continue reading
However, the Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10-12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, during Q4 Mercedes-Benz Cars & Vans showed an adjusted Return on Sales of 15.0%, driven by high net pricing, good product mix and favorable used car performance. The strong profitability of the car business also translated into a solid industrial free cash flow exceeding the company guidance.
“During the fourth quarter, our diversified business and strong execution by our team produced record revenue, earnings before taxes, net income, and earnings per share, driven by strong retail automotive and commercial truck vehicle margins, a 26% increase in same-store retail automotive gross profit, and continued strong earnings from Penske Transportation Solutions which increased 62%,” CEO Roger Penske said. Continue reading
However, vehicles sold and market share, cash flow (-$8.5B) for continuing operations declined during 2021. Ford lost money in Europe and, ahem, China, which is recovering faster than other economies from the Covid crisis. In North America, Bronco, Maverick, Mustang Mach-E contributed to a two-point U.S. share gain, to 15%. During Q4 Ford reinstated a regular dividend of 10 cents per share. Continue reading
Part of the record results came from execution by an all-star management team of a timely strategy, part from strong demand for what in AutoInformed’s view are the strongest product lines in GM’s history. However, vehicles it sold globally dropped to 6.3 million, -8% from 2020 and a drop of -18% from Covid-free 2019. Continue reading