GM Hits Record Profit But Expects Flat Growth
The automaker's stock falls 4.7% even though it reported record sales of $166 billion and earnings per share of $6.00 for 2016.
Ford Swings to $783M Loss on Special Charges
The company's fourth-quarter performance was particularly strong in Europe, where Ford earned $166 million, up 27% from a year ago.
Ford Chooses U.S. Investment Over Mexico Plan
The decision to scrap a planned $1.6 billion factory in Mexico is a "vote of confidence" in Donald Trump's economic policies, Ford says.
Tesla Ends Buyback Program for Model S Cars
The discontinuation of the resale value guarantee frees up cash as Tesla prepares to launch the Model 3 and boost production.
Mitsubishi’s Mileage Scandal Costs Reach $624M
The latest tranche of $480 million will go toward compensating owners of four minicar models and five larger models.
VW Posts $6B Loss on Emissions Scandal Costs
The loss reflects VW's writedown of $18.2 billion for costs related to the scandal and analysts predict the final number could reach $32 billion.
GM’s Record Profits Don’t Impress Wall Street
“The bears argue the industry in the U.S. has peaked and is ready to roll over," says GM's CFO Chuck Stevens. "We don't subscribe to that view."