Select Page
Q&A: Lincoln’s New Chief Michael Sprague

Q&A: Lincoln’s New Chief Michael Sprague

It was something of a homecoming when Michael Sprague was named director of global brand and integrated marketing at Ford Motor Co. last October. He spent much of his early career under the Blue Oval before signing on at Kia Motor America. After a decade with the...
Uber Eyes Cuts as Losses Continue to Mount

Uber Eyes Cuts as Losses Continue to Mount

After piling up big losses, Uber is looking to trim costs, raising fears among employees that more layoffs are coming as part of the retrenchment. An Uber spokesman told Bloomberg that the San Francisco-based company has paused hiring new software engineers and...
BMW Sees Second Quarter Profits Fall by Double Digits

BMW Sees Second Quarter Profits Fall by Double Digits

BMW saw its earnings drop by double digits as investments in manufacturing electric and hybrid cars to help meet stricter emissions limits and adverse exchange rates affected the automaker’s profitability during the quarter. The German automakers earnings before...
GM Blows Through Forecasts With Q2 Earnings

GM Blows Through Forecasts With Q2 Earnings

General Motors took Wall Street by surprise on Thursday, blasting through the consensus Q2 earnings forecast with second-quarter net income of $2.41 billion, or $1.66 a share, while earnings adjusted to exclude one-time items came to $1.64 a share. That was a modest...
Fiat Chrysler Rides Ram to Second Quarter Profits

Fiat Chrysler Rides Ram to Second Quarter Profits

Fiat Chrysler rode strong full-size pickup sales to a strong second quarter result with net profit from continuing operations at €0.8 billion, or $891.4 million on revenue of €26.7 billion, or $29.8 billion. The company’s net income was up 14% while the revenue...