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Category Archives: financial results
Nissan Motor Posts ¥670.9 Billion Net Loss
Nissan Motor Company (7201T and NSANY ADR)* today announced financial results for the full year and the fourth quarter of the Japanese fiscal year 2024, ending 31 March 2025. During FY2024, global sales remained at 3.346 million units impacted by “intensified sales competition.” Nissan’s consolidated net revenue was ¥12.6 trillion yen, resulting in an operating profit of ¥69.8 billion with a razor thin operating margin of 0.6%. Net loss was, gasp, ¥670.9 billion (~$4.5 billion), which is improved from its previous forecast of a net loss of ¥700 – ¥750 billion for fiscal year 2024. Free cash flow and operating profit in the automotive business were both negative, automotive net cash was ¥1.498 trillion. (Based on average exchange rates of 153 JPY /USD and 164 JPY /EUR for FY2024.)
“In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritize self-improvement with greater urgency and speed, aiming for profitability that relies less on volume. As new management, we are taking a prudent approach to reassess our targets and actively seek every possible opportunity to implement and ensure a robust recovery. Re:Nissan is an action-based recovery plan clearly outlines what we need to do now. All employees are committed to working together as a team to implement this plan, with the goal of returning to profitability by fiscal year 2026,” said Ivan Espinosa, Nissan president and CEO. Continue reading
Posted in auto news, economy, electric vehicles, financial results, manufacturing, mobility company, news analysis, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ivan Espinosa Nissan president and CEO, Ken Zino, Nissan Motor financial results FY 2024, Re:Nissan turnaround plan, Tokyo Stock Exchange, X @KenAutoinformed
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Toyota FY 2025 Results – Net Profit Drops 21%
Toyota Motor Corporations (NYSE: TM) said today in Japan that consolidated vehicle sales for this fiscal year 2025 were 9 million 362 thousand units, which was 99.1% of consolidated vehicle sales for the previous fiscal year. Toyota and Lexus vehicle sales was 10 million 274 thousand units, which was 99.7% of such sales for the previous FY 2024 due to supply constraints caused by the certification issue and other factors. The proportion of electrified vehicles was 46.2%, a significant increase from the previous fiscal year, mainly led by HEVs, which were increased by 850,000 year-over-year. Continue reading
BMW Group Q1 2025 Earnings Drop 25%
“The more challenging the environment, the more crucial it is to have compelling products, a consistent strategy and a high degree of flexibility. Our technology-open approach remains a key success factor: with our young, highly attractive models and our broad range of drives, we are able to meet the various needs of customers worldwide. This enables us to achieve robust results and stay on course to meet our ambitious full-year targets,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. Continue reading
Ford Motor 2025 Q1 Net Income $47M Down from $1.3B!
Ford Motor Company (NYSE: F)* late yesterday announced weak first- quarter 2025 financial results and “suspended” financial guidance, including full year adjusted EBIT and adjusted free cash flow because of Trump tariff-related” uncertainties.” Ford first-quarter revenue of was $40.7 billion; net income $471 million with an adjusted EBIT of $1 billion. Operating cash flow was $3.7 billion. Improvements in cost and quality favorably contributed to performance in the quarter, Ford claimed. When excluding the nearly 200 million impact of tariffs, this was Ford’s third consecutive quarter of year-over -year cost improvement. Ford estimates a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for full year 2025, subject to ongoing tariff-related policy developments. For comparison, General Motors earned $2.78 billion, $3.35 per share, for the three months ended March 31. During Q1 of 2024 GM earned $2.98 billion, or $2.56 per share. Continue reading
Posted in auto news, economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ford Blue, ford credit, Ford Model e, Ford Motor cost improvements, Ford Motor Q1 2025 financial results, Jim Farley, Ken Zino, X @KenAutoinformed
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Penske Automotive Group – Q1 2025 +13% Net Income
Penske Automotive Group (NYSE: PAG) today posted Q1 2025 financial results that showed record first quarter revenue with an increase of 2% to $7.6 Billion. Adjusted earnings before taxes increased 5% to $310 Million. Adjusted earnings per share increased 6% to $3.39.
“Our diversified international transportation services business generated record first quarter revenue, the seventh consecutive quarter of stable gross margin, and a 70-basis point improvement of adjusted selling, general, and administrative expenses as a percentage of gross profit. New and used vehicle gross profit per unit retailed remained consistent and strong with new vehicle gross declining only $87 per unit while used vehicle gross increased $352 per unit when compared to the fourth quarter of 2024,” said Chair Roger Penske. Continue reading
Posted in economy, financial results, mobility company, news, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, pag, Penske Automotive Group Q1 2025 financial results, Premier Truck Group, roger penske, Sytner Select, X @KenAutoinformed
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GM Cancels Q1 Earnings Call as Trump Chaos Prevails
General Motors (NYSE: GM) this morning cancelled its long scheduled Q1 earnings call for media, shareholders and analysts, as Trump Tariff Chaos prevailed in Michigan, a state experiencing growing inflation and unemployment from the Trump mis-administration. General Motors earned $2.78 billion, $3.35 per share, for the three months ended March 31. During Q1 of 2024 GM earned $2.98 billion, or $2.56 per share. Continue reading
Posted in auto news, economy, financial results, fools 'n frauds, news analysis, results, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GM mis-administration Trump Tariff Chaos, Ken Zino, Trump unemployment, X @KenAutoinformed
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Tesla Tanking as Musk Leaves DOGE
Tesla said late yesterday that 2025 profits during Q1 plunged from $1.39 billion to $409 million. This was a drastic drop from analyst guess-timates as the Elon Musk’s DOGE chainsaw kicked back on the company and slashed revenue from $21.3 billion to $19.3 billion. Amidst the carnage of lower customer deliveries, lower margins and lower profits, Elon Musk also claimed that he was leaving DOGE behind as his major work there was finished.
“So at Tesla, we’ve gone through many, many of crisis over the years and actually been through many near death experiences. Like, we probably were on the ragged edge of death at least on maybe a dozen times,” Musk claimed. “This is not one of those times.” Continue reading
Posted in auto news, electric vehicles, financial results, news analysis, quality, results, sales, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, DOGE, elon musk, Ken Zino, Tesla Q1 2025 Financial Results, X @KenAutoinformed
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Trump Tariff Chaos – Latest CAR Analysis is Grim
The Center for Automotive Research (CAR) released today a new analysis of the impact of potential tariffs on imported auto parts and light vehicles. It tackles what impact will a uniform 25% tariff on all trading partners have on the automotive industry overall?
“The analysis emphasizes the complexity of the modern automotive supply chain, noting that ‘the modern automotive supply chain is both global and complex, convoluting the seemingly simple question of the cost of 25% tariffs on the industry,’ and that ‘automakers and their suppliers are often multinational companies with facilities spread out across the world,’ making it difficult to discern how much of a vehicle is domestically produced,” said Dr. K. Venkatesh Prasad, Senior Vice President of Research and Chief Innovation Officer at CAR Continue reading
Posted in auto news, economy, financial results, manufacturing, news analysis, shows and events, transportation, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, center for automotive research, Dr. K. Venkatesh Prasad, Ken Zino, X @KenAutoinformed
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Renault and Nissan Shuffle Alliance Holdings
Renault Group (Euronext: RNO) and Nissan (7201T and NSANY ADR) today announced new business projects for the evolving remains of the failed Renault Nissan Alliance. Renault Group would own 100% of Renault Nissan Automotive India Private Ltd (RNAIPL) by acquiring the 51% shareholding currently held by financially ailing Nissan. Nissan said it will maintain a presence in India with a focus on increasing market coverage. At its heart the shuffle involves complex product programs across global markets, once again requiring cooperation among diverse and distinct corporate cultures that have a troubled past working together. Continue reading
Posted in auto news, financial results, manufacturing, milestones, mobility company, news analysis, shows and events
Tagged alpine, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carbon neutrality in Europe, Dacia, Ivan Espinosa, Ken Zino, Luca de Meo, Mobilize, Nissan and Ampere termination, Nissan Magnite, Renault, Renault Nissan Automotive India Private, Twingo, X @KenAutoinformed
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April Fool’s Day – Trump Tariffs Hurting Economy
The U.S. economy is at a turning point with the erratic actions of what AutoInformed* observes is the Trump mis-administration threatening the economic health of the nation. We are looking at a global trade war leading to a recession or if past Republican economic policies are any indication – a depression. The latest Cox Automotive Industry Forecast** conducted this morning reinforces that view. Brother can you spare a dime?
“We are at an interesting crossroads here in late Q one 2025,” said Jonathan Smoke, Chief Economist at Cox. “at the end of last year my wish for you all was that the economy and the auto market would perform to the upside. Today we will be talking about sides, but downward forecasts and darker downsides. The economy and auto market have been relatively strong over the last 6 months. The problem which we will be getting into is that a substantial change in trade through massive increases in tariffs will be highly disruptive to North American vehicle production and could lead to a full scale global trade war and a much weaker the economy. We’re not there yet but we’re a week away from moves that make the dark side more likely,” Smoke said. Continue reading
Posted in auto news, customer satisfaction, economy, electric vehicles, environment, financial results, fools 'n frauds, fuel economy or emissions, manufacturing, news analysis, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Cox Automotive Industry Forecast, Jonathan Smoke, Ken Zino, X @KenAutoinformed
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Volkswagen Group 2024 Results Drop Significantly
Volkswagen Group said today that 2024 operating result declined significantly to €3.9 billion, mainly due to restructuring expenses related to the site in Brussels and residual value effects, as well as intense competition and the current model offensive. The operating Margin was a scant 6.0%. Continue reading
GlobalData – Chinese BYD Hidden Debt Risk
The massive China-based electric vehicle company BYD (1211 HKG)* with more than 968,000 employees and a market capitalization of ~$155.5B is not only caught in the tariff crossfire between Donald Trump and the Chinese Government, but it has its own business structure problems as well.
“BYD posted record 2024 results with revenues of $108.1 billion (CNY777.1 billion) (+29% year-on-year (YoY)) and net profit of $5.6 billion (CNY40.2 billion) (+34% YoY). However, experts warn that the company’s growing reliance on supply chain financing could expose it to serious financial risks if market conditions deteriorate,” said Murthy Grandhi, Company Profiles Analyst at GlobalData. Continue reading →