Lear Corp. reached a revenue record in the first quarter but saw net income drop 24% as it navigates operational and restructuring challenges related to lower volumes.

How the company executes its next growth period is critical, Carvana CEO Ernie Garcia said.

Taking advantage of production subsidies offered by the U.S. may have put the company ahead financially, but Canada’s tax credits came with no uncertainty.

Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier.

Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return on sales to fall to 9.6 percent from 14.9 percent a year earlier, with vehicle sales down 8 percent at 462,978.

The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China.