BMW cuts 2026 profit outlook again as China sales slump, restructuring costs mount
BMWis cutting its financial targets for the second time this year and reporting a third-quarter profit slump as the automaker restructures its operations.
Cars
Cars
Toyota posts first profit gain in six quarters, lifts annual outlook as hybrid sales shine
[TOKYO] Toyota on Thursday (Nov 5) booked its first profit gain in six quarters and lifted its annual outlook by 15 per cent, as a weaker yen and robust demand for higher-margin hybrid vehicles offset a slide in sales in China and the Middle East.
Trucks
Carvana reports slow sales growth, lower profit per vehicle
July 29, 2026 5:00 pm, EDT An employee unloads a vehicle from a flatbed truck at a Carvana vending machine location in Uniondale, NY (Angus Mordant/Bloomberg). key takeaways: Carvana reported record second-quarter adjusted EBITDA of $769 million on July 29, but shares fell 15% after hours as growth slowed and profits fell short of expectations.
Trucks
Ford cites SUV demand as profit outlook improves
July 28, 2026 5:50 pm, EDT A 2025 Ford Bronco Badlands SUV. (Graham Hughes/Bloomberg) key takeaways: Ford reported adjusted earnings of 42 cents per share, beating estimates and raising its 2026 EBIT outlook to $10.5 billion-$11 billion. Sales of higher-margin Bronco and Explorer SUVs helped offset weak F-Series availability, while Ford cited more than $1
Trucks
Tesla Q2 revenue tops forecasts but profit falls short
July 22, 2026 5:30 pm, EDT Tesla signage at the company’s store in Colma, California. (David Paul Morris/Bloomberg) key takeaways: Tesla missed second-quarter profit expectations on July 22, reporting adjusted earnings of 33 cents per share despite strong vehicle sales and revenue of $28.2 billion. Tesla burned through $1.09 billion in free cash flow as
Trucks
Big Oil is preparing to make profit from rising fuel prices
July 22, 2026 1:36 pm, EDT A driver prepares to refuel at a gas station in Palo Alto, California. (David Paul Morris/Bloomberg) key takeaways: The Big Five are expected to report their third-highest quarterly profits after the Iran war boosted crude oil prices and fuel markets. Analysts expect companies to earn $45.8 billion as refining
Trucks
Increase in profit margins for oil refiners
July 16, 2026 1:19 pm, EDT An oil refinery in Houston. (Mark Felix/Bloomberg) key takeaways: Profits at American refiners, which convert crude oil into gasoline and diesel, are hitting records as fuel supply disruptions caused by the war have pushed up prices of refined products. The average per barrel margin a US refiner receives
Trucks
Maersk raises profit outlook on solid demand
Stacked Maersk shipping containers in the commercial port of Barcelona, Spain. (Angel Garcia/Bloomberg) June 29, 2026 4:43 pm, EDT key takeaways: A.P. Moller-Maersk raised its 2026 profit outlook at the end of June 29, citing solid demand, particularly in Asia. Maersk said global container volume growth is now expected to be around 4%, up from
Trucks
Hertz shares fall after debt plan and profit warning
Hertz car-rental location in San Francisco. (David Paul Morris/Bloomberg) June 24, 2026 5:30 pm, EDT key takeaways: Hertz fell 41% on June 24 after the car rental company warned of earnings pressure and planned new debt. The company plans to issue $300 million in convertible PIK notes and $100 million in shares to help note
Trucks
FedEx makes profit but package demand remains low
An employee opens a FedEx truck in New York. (Yuki Iwamura/Bloomberg) June 23, 2026 at 5:00 pm, EDT key takeaways: FedEx reported adjusted fiscal fourth-quarter earnings of $6.31 per share on June 23, beating analysts’ estimates of $5.97. Shares fell 5.4% as margins were lower than expected and FedEx cited trade policy changes, rising costs