Category Archives: financial results

GM Q1 $4 billion. Net $2.9B

Posted on 26 April 2022 by Ken Zino

“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 →

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SEC – New Rules on Climate-Related Disclosures for Investors

Posted on 21 March 2022 by Ken Zino

The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks. No doubt the anti-environment anti-democracy pro-Putin Republican party will fiercely fight the SEC. The global auto industry is rushing to address climate change with its headlong rush into electric vehicles. This should clarify the ongoing avalanche of green statements from makers and suppliers and help customers understand how committed the companies are. Continue reading →

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BMW Group Posts Record Revenues, Earnings, Profits for 2021

Posted on 10 March 2022 by Ken Zino

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 →

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Stellantis Claims Record First Year with €13.4B Net Profit

Posted on 23 February 2022 by Ken Zino

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 →

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Mercedes-Benz Group Posts Some Strong 2021 Results

Posted on 11 February 2022 by Ken Zino

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.

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Penske Automotive Posts Record Q4, Full-Year 2021 Results

Posted on 9 February 2022 by Ken Zino

“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 →

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Ford Motor Posts Tepid Q4, FY 2021 Financial Results

Posted on 4 February 2022 by Ken Zino

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 →

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GM Posts Record $10.4B Earnings in 2021

Posted on 2 February 2022 by Ken Zino

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 →

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